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CRE Insurance
Commission unveils proposals to reform product safety regime
The European Commission has published its long-awaited proposals for reform of the General Product Safety Directive (2001/95/EC) (GPSD). The Directive applies to consumer products that are not covered by specific…
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CRE Insurance
Oil and gas firms face heightened cyber threat
Oil and gas firms globally are increasingly exposed to cyber threats as a result of converging technological, terrorism and political risks, according to global broker Marsh.
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CRE Insurance
KPMG calls for clear roadmap following latest Solvency II delay
The European Parliament plenary meeting at which it was hoped the Omnibus 2 amendments to the Solvency II Directive would finally be approved has been moved back from 10 June…
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CRE Insurance
Corporate round-up
Sullivan leaves Willis for 'other interests', Marsh makes changes to better serve largest clients, Marsh expands UK placement network team, Besso appoints Richard West to Head of Aviation and Yousef…
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CRE Insurance
Russian town blasted by meteor
A meteor exploded over the city of Chelyabinsk, which has a population of 1 million, in Russia's central Ural mountains last week. Hundreds of people were injured and damage was…
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CRE Risk Management
Global and sustainable risks top agenda at Ghent risk management gathering
Globalisation, ever expanding international operations, increased regulation and social and sustainability issues are all big and complex issues that are increasingly on the agenda of European and international risk managers…
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Africa
Dutch court rules against Shell over Niger Delta oil spill
A Dutch court ruled last month that Royal Dutch Shell’s Nigerian subsidiary was responsible for an oil pollution incident in the Niger Delta and ordered it to pay damages.
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Africa
Transport shoots up African risk agenda
The rapidly escalating cost of marine insurance as a direct result of the explosion of piracy off the coast of east Africa is one of the many big risk management…
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Africa
Stop cash flow underwriting in Africa: Den Dekker
A leading European risk manager has told international insurers and facultative reinsurers that they must stop cash flow underwriting on the basis of little real risk information in Africa and…
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Africa
ATI makes commercial risk push
The World Bank-backed African Trade Insurance Agency (ATI) aims to significantly increase the proportion of commercial risk business risk it writes, according to its chief underwriting officer, Jef Vincent.
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Africa
Natural resource nationalism, infrastructure and supply chain top mining sector risk list: Willis
Resource nationalism, poor infrastructure that impedes development and supply chain disruptions are some of the biggest risks that face the mining sector in the year ahead, according to global insurance…
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Africa
Labour problems in mining sector hit JSE sustainability performance
The number of best performers in the Johannesburg Stock Exchange 2012 SRI Index review fell to 10 last year compared with 22 in 2011 because of more demanding reporting requirements…
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Africa
IMF broadly positive about SSA growth but downside risks rise
The International Monetary Fund (IMF) has confirmed a ‘broadly positive’ outlook for the Sub Saharan Africa region despite slowing growth in the more mature leading regional economy South Africa, drought…
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Africa
Focus on pan-African risk – comment
Welcome to the second issue of Commercial Risk Africa and the first of this year. We launched this publication at the IRMSA conference in Johannesburg in hard copy format late…
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Africa
Risk management profession matures in Francophone Africa
CRA’s Rodrigo Amaral discussed the development of risk and insurance in French-speaking Africa with Alioune Diouf, CEO of AXA Senegal.
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Africa
IRMSA report
Commercial Risk Africa was launched at the IRMSA annual conference in Johannesburg in late November 2012. Adrian Ladbury reports the highlights from Africa’s premier risk management event.
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Africa
Kenyan risk managers brace themselves as election nears
4 March, 2013 will be an important day for Kenya, not just in terms of the election result but also the way in which the country reacts—regardless of who wins.…
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Africa
Energy growth sparks risk culture
The overall message for Kenya is positive—not least thanks to the recent development of oil and gas reserves. Deniese Imoukhuede, Senior Financial Analyst at credit rating agency AM Best, explained…
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Africa
Risk management arrives in Kenyan boardrooms
Risk management is increasingly seen as a boardroom issue for all types of Kenyan-based firms. A survey from PwC shows risk is high on the agenda.
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Africa
Natural resources drive Kenyan growth
The Kenyan economy has been growing and changing, not least thanks to recent oil and gas exploration. According to East Africa Oil & Gas, even Australia could face stiff competition…