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CRE Risk Management
What’s that coming over the hill-UK
Adrian Ladbury: Does your company operate in a more risky world than five years ago? Paul Hopkin: A recent survey of Airmic members put emerging risk as a very high…
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CRE Risk Management
Increased intensity-France
French risk managers at a Commercial Risk Europe roundtable in Paris demanded innovation from insurers and transparency from brokers as they strive to manage risks that have increased in intensity…
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CRE Insurance
Let’s get technical-Chris Smith
Chris Smith, RSA’s Risk Solutions Europe Director, talked to Commercial Risk Europe Editor Adrian Ladbury about his company’s plans for Europe, the future state of the insurance market and the…
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CRE Insurance
Transparent Analysis-Florian Karle
Florian Karle, Managing Director of German broker Südvers, spoke with Friederike Krieger ahead of the publication of Commercial Risk Europe’s 2011 Risk Distribution Survey that will be published at the…
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Association News
No more corporate governance rules, Ferma tells EC
In a submission to the European Commission, FERMA has urged the legislative body to focus on the full and proper implementation of recently introduced corporate governance rules rather than rush…
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CRE Insurance
Supply chain risk management needs improvement says Zurich
Zurich Financial Services is unhappy with many companies supply chain risk management plans because a survey suggests that certain companies are not properly addressing the risk.
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Association News
New board member adds to AMRAE’s global programme expertise
If the introduction of effective global programmes is a growing concern for French companies that are expanding abroad, the newest member of the board at the French risk management association…
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CRE Insurance
US reserves running out but not enough to turn market
The US non-life insurance sector is short of some $2.7bn in reserves for accident years 2001 to 2010 and many companies will be forced to post additional reserve charges over…
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CRE Insurance
Corporate round-up
QBE appoints Patrick Coene as MD for European Markets, RFIB appoints new International Cargo Divisional Director and lays out plans for Global Property and Construction Facultative business, Willis appoints new…
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Aviation
Airline losses low in 2011 with market yet to reach bottom-Willis
With losses for the airline industry in the first half of this year low, pressure is mounting on insurers to further reduce rates as the market continues to search for…
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CRE Insurance
Demand grows in pharma sector for non-damage BI product-JLT
Increased regulation, intellectual property issues and counterfeiting have driven demand from within the pharmaceutical sector for a specialist non-damage business interruption product, according to broker JLT. Its Earnings and Product…
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CRE Insurance
Record £6.895m fine for UK’s Willis Ltd over anti-bribery controls
The UK’s Financial Services Authority (FSA) has today fined Willis Limited, a subsidiary of Willis Group Holdings, £6.895m for failings in its anti-bribery and corruption systems and controls. It is…
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CRE Risk Management
Cyber crime in focus but risk management and insurance solutions inadequate
Privacy and cyber crime is becoming a top topic for senior management, but data protection laws, risk management and insurance buying have not kept up with the fast pace of…
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Association News
Glass ceiling stops risk info from reaching top management says Airmic report
An invisible glass ceiling is preventing vital risk information from reaching non-executive directors and other board members, according to a report by Cass Business School on behalf of Airmic. In…
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CRE Insurance
German industrial insurers await fines decision from federal court
German industrial insurers are keen to hear the decision of the Karlsruhe-based Federal Constitutional Court on how interest should be calculated on cartel fines, after 14 of them racked up…
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CRE Insurance
Corporate Round-up
Ironshore broadens relationship with Equinox to extend trade credit capacity, Aspen Insurance to purchase certain M4 renewal rights in UK, Marsh forms new Global Claims Practice and names David Pigot…
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Asia
CBI prices up even though Japan losses still to filter through
The Japanese earthquake, tsunami, nuclear disaster and subsequent rolling blackouts have sent some companies in search of supply chain insurance. For what little they can find, prices have gone up,…
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CRE Insurance
Capacity buoyant in EMEA but tougher renewals for some—Marsh
Whilst insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA) and most buyers still enjoy favourable market conditions, some lines and geographies are now witnessing tougher renewals,…
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CRE Insurance
Insurers ill prepared for Solvency II but UK & German p/c segments healthy
Many insurers are ill-prepared for Solvency II and will struggle to meet capital demands, even if its implementation is postponed until 2014, according to a report by Bain & Company…
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CRE Insurance
Piracy still on the up and more bold than ever, but successful hijacks down
Piracy has continued to escalate in the first half of 2011, with Somali pirates, who are still the main perpetrators, attacking for the first time during the monsoon season. But…