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CRE Insurance
Tentative step towards global programmes solution taken at London meeting
A senior group of insurance and risk management market figures met at the end of June at the offices of Airmic in London to discuss the possible creation of a…
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CRE Insurance
Most insurers robust but 10% fail EIOPA’s adverse Solvency II stress test
According to the European Insurance and Occupational Pensions Authority’s (EIOPA) second Solvency II-related stress test most European insurers remain ‘robust’ and well prepared for future shocks. However, having tested insurers’…
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Climate Change
Mandatory cover for environment still not needed—Bell
Compulsory insurance coverage for Europe’s companies to fix damage caused to the environment is both impractical and unnecessary according to Phil Bell, Chairman of the CEA’s general liability steering group…
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CRE Insurance
Higher D&O claims causing supervisory board members to opt for own cover
The trend for higher claims in managerial lawsuits can have severe consequences for supervisory board members who are increasingly opting to buy their own separate D&O cover.
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Climate Change
Environmental Civil Sanctions give regulators more freedom to act
The Environmental Civil Sanctions Order & Regulations 2010, which came into force in England and Wales in January of this year, are yet a further example of the growing environmental…
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CRE Insurance
IAIS issues concept paper on its planned Common Framework for IAIGs
In a bid to close the gap in international supervision of insurance groups the International Association of Insurance Supervisors (IAIS) is building the Common Framework (ComFrame) for the Supervision of…
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CRE Insurance
Corporate round-up
XL Group Plc appoints Paolo Ribotta as Head of Global Distribution, Tony Dilley appointed to newly created role of International Operations Director at UIB, James Quin joins PwC as European…
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Benelux
Ten largest non-life insurers showed signs of strength in 2010-Mapfre
The ten largest non-life European insurers showed signs of strength in 2010, according to the latest annual ranking released by Fundación Mapfre. All achieved an increase in premium revenues, especially…
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Captives
QFC Regulatory Authority announces new captive insurance regime
The Qatar Financial Centre (QFC) Regulatory Authority has released its new insurance regulatory frameworks that apply to captive insurers, captive managers and insurance intermediaries from 1 July.
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Climate Change
Chartis launches CII accredited EIL training for brokers
Chartis Insurance UK has launch of a suite of environmental training materials, accredited by the Chartered Insurance Institute (CII), predominantly aimed at brokers, that it hopes will enable intermediaries to…
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CRE Insurance
Proposed delays to Solvency II met with mixed reaction
The Council of the European Union’s proposals to delay Solvency II until 2014 has been met with a mixed reception from insurers and market commentators.
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Association News
AMRAE choose new president and part-time CEO
Gilbert Canameras has been chosen as the new president of Association pour le Management des Risques et des Assurances de l'Entreprise, AMRAE, the French risk management association.
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Association News
FERMA elects new board members
The Federation of European Risk Management Associations (FERMA) has elected three new board members who will serve from now until June 2014.
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Association News
Belrim President calls for clarification on ELD from EU
Gaetan Lefevre, President of Belrim, the Belgian risk management association, has called on the European Union (EU) to provide urgent clarification of key matters raised by the Environmental Liability Directive…
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Association News
French boards want to know about risk and its managers-AMRAE speaker
Board members at French companies have developed a keener interest in the risks that hang over their companies and are striving to stay in closer contact with the people responsible…
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CRE Insurance
Corporate round-up
JLT intends to buy majority interest in Chile broker Corredores de Seguros, Liberty launches new joint initiative to provide war and terrorism capacity to Middle East, Mitsui Sumitomo hires new…
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CRE Insurance
Global political violence rates likely to increase at Jan 1 renewals-ACE
Whilst rates for terrorism and political violence cover in distressed parts of the world such as Libya and Bahrain have risen significantly in recent months events in the Middle East…
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CRE Risk Management
Compliance departments under pressure as scandals mount
With bribery scandals on the increase despite the deployment of large compliance and ethics departments in many companies, these often-maligned functions are feeling the strain and finding it hard to…
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CRE Insurance
Corporate insurance intake up in 2011—FFSA
Corporate insurance premium intake rose in France in the first four months of 2011, according to the latest statistics released by the French insurance association.
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CRE Insurance
Further tests lie ahead for French insurance industry
The resilience of the French insurance industry will be further tested in the next two years on a variety of fronts including low interest rates, Solvency II and lower technical…