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CRE Insurance
Munich Re’s cat bond withdrawal could signal slowdown of ILS boom
The world's largest reinsurer, Munich Re, has withdrawn the placement of its latest nat cat bond. The Irish special-purpose vehicle, Queen Street X Re, decided it would not issue the…
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Asia
Corporate round-up
ACE appoints Paul Wilderspin as Client Relationship Manager, UK & Ireland, JLT invests in Independent Insurance Brokers to extend presence in India, AGCS names David Wilson Global Head of Energy…
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CRE Insurance
Global warming could cost Europe €190bn finds EC study
Global warming could result in climate damage costing Europe €190bn, according to a new study by the European Commission's Joint Research Centre (JRC).
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CRE Insurance
Capital firms failing to address climate change suggests survey
While the majority of London's infrastructure and real estate firms believe climate change is affecting their business a small minority are quantifying its financial impacts, according to a survey by…
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CRE Insurance
Hedge funds closing in on corporate risk claims expert
The potential for transfer of corporate risk directly to the capital markets via captives and reinsurance sidecars is soon to become reality, according to a leading Bermuda reinsurance market representative.
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CRE Risk Management
Risk managers in high demand but short supply
Demand for experienced risk managers is rising, but so are the expectations of their prospective employers, according to speakers at an Airmic conference workshop last week.
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CRE Insurance
Risk industry welcomes TRIA bills, urges quick resolution
Insurance buyers and insurers have welcomed the US House of Representatives' approval of a proposed bill that would extend the government terrorism back-stop by five years, although an earlier Senate…
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CRE Insurance
Financial benefits of insurance misunderstood at board level
Insurance is seen as a commodity purchase that warrants little boardroom attention, rather than a financing tool that is, in reality, as important as debt or equity, according to experts…
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CRE Risk Management
Security firms offer business advice as security deteriorates in Iraq
International SOS and Control Risk have issued advice to businesses operating in Iraq including the evacuation of staff and banning travel in some areas following recent unrest in the country.
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CRE Insurance
More work needed on major loss planning finds ACE survey
A new survey by ACE suggests that although major loss planning is on the corporate agenda companies could do more in this increasingly critical area.
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CRE Insurance
Global premium up 1.4% in 2013 but growth slows
Global insurance premiums rose by 1.4% to US$4.64tn last year with non-life business up 2.3% to US$2.03tn, according to figures from Swiss Re. But the numbers represent a slowdown in…
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CRE Insurance
Risk management inadequacy one of 10 grey swan threats facing European insurers
AM Best has named 10 'grey swan' threats, including inadequate risk management, that can be anticipated but would have a sizeable or devastating effect on the financial health of European…
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Association News
Airmic boosts risk manager support with new hire
Airmic has bolstered its in-house technical expertise, recruiting a former risk manager and broker to steer the association's growing risk management activities.
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Africa
Corporate round-up
Christopher Lay named president of Marsh's global captive business, Mercer to acquire 34% stake in Alexander Forbes, Aon forms global power committee to drive innovation, Marsh launches new policy to…
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CRE Insurance
Legal safety standards not protecting firms warns MSIG
Businesses and their risk managers need to adopt higher safety standards than those legally required because such basic compliance is failing to protect firms from 'exaggerated, spurious and maliciously' motivated…
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Europe
Airmic unveils details of its global programme database
Airmic's new global programme compliance database is a potential game changer because for the very first time it delivers a tool that focuses on the needs of risk managers rather…
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Europe
Latin America grapples with global programmes
Latin America's wide variety of risks and market conditions continue to make most of the region a challenge for global programmes, an audience of European risk professionals was told in…
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Europe
Concern over LatAm’s protectionist insurance regulations
Regulations in Latin America are causing headaches for multinationals as they attempt to place compliant global programmes. Moreover, regulators are turning a deaf ear to concerns from both insurers and…
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Europe
Brics, Mints and…Myanmar
The international insurance market continues to adapt to complex market conditions, including political instability, a challenging economic environment and extreme global weather, meanwhile dealing with more intense regulatory demands, according…
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Europe
EIOPA highlights key risks for insurers
While the broad economic outlook for Europe is positive, key risks remain for the insurance sector, namely an uncertain macroeconomic climate, the low yield environment and credit risks arising from…
