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CRE Insurance
Buyers urged to consider trade credit and political risk insurance in emerging markets
Insurers and brokers are warning companies operating or investing in emerging markets to consider the economic and political risk of these often distressed territories and to invest in trade credit…
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CRE Insurance
UK employment law changes come into force
A number of changes to UK employment law, announced in December 2012, are due to take effect in April. These changes include an increase in the weekly rate of statutory…
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CRE Insurance
Political risk industry grows as threat climbs firms’ agenda
Political risk is a growing industry, with a mushrooming of security specialists, consultants and insurers entering the fray in recent years. The growth in the market reflects the overall increase…
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CRE Insurance
Business suffering collateral damage from escalating levels of cyber warfare
The media attention on cyber risk reached new heights in March following a series of hacks on the banking system of South Korea, dubbed the world’s most wired economy, that…
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CRE Risk Management
Decision time–comment
Discussions at recent risk management conferences attended by the CRE team and interviews carried out with risk managers for our Global Risk Frontiers survey clearly confirm that political risk, in…
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Association News
Lobbying on Solvency II captive concerns tops Swerma agenda
The Swedish Risk Management Association (Swerma) has three key goals this year—lobbying local authorities on Solvency II on behalf of captive owners, reaching out to public sector risk managers and…
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CRE Insurance
Outlook for MENA market flat as capacity levels soar
The cost of insurance in the Middle East and North African (MENA) region remains low driven by high capacity from both local and international markets and as a result profitability…
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CRE Insurance
Industry needs to take long hard look at itself—O’Kane
A leading international insurance and reinsurance executive has warned his peers that they need to wake up to the reality of looming dark clouds that face the industry and fast…
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CRE Insurance
Qatar minister reveals plans to create a new national reinsurer
The Qatar government revealed plans to create a new reinsurance company through Al Koot, the captive insurer of Qatar Petroleum during last month’s Multaqa conference in Doha, Qatar.
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CRE Insurance
Opportunity knocks – Joseph Clabby, ACE
The corporate insurance market in Europe and beyond remains highly competitive regardless of the dire economic backdrop and poor investment environment. Despite this gloomy outlook Joseph Clabby, Regional President of…
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Asia
Scarce capacity for emerging risks as relevant to Asia as Europe
The level of insurable risk is definitely falling as business becomes ever more complex and insurers are reacting with exclusions, according to leading risk managers who took part in a…
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Association News
Freedom of choice a concern as France adopts mandatory health insurance
French companies fear a new law set to make complementary health insurance mandatory for all employees in the private sector could restrict their freedom to choose insurers for the provision,…
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CRE Insurance
New capital to usher in more aggressive reinsurance pricing and boost primary cat market
A 'wave' of new capital entering the reinsurance market saw prices stagnate in April, with more aggressive pricing predicted at coming renewals, according to reinsurance brokers.
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CRE Insurance
Asian risk managers challenge insurers on BI cover
Insurers must stop denying claims after an event, blaming lack of information given by customers when they were prepared to underwrite the risk in the first place, stated a risk…
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Asia
Mandatory EIL regimes could backfire warns broker as China introduces scheme
With pollution concerns leading to China's earlier than expected introduction of a compulsory environmental pollution liability regime, a leading broker has warned that for such schemes to succeed there must…
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CRE Insurance
One third of UK firms have no plan to combat cyber threat finds survey
One third of UK companies still do not have a plan in place to protect against cyber attacks, according to a survey by QBE. However, there is growing awareness of…
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Africa
Corporate round-up
Torus launches Lloyd's managing agency that assumes business of Syndicate 1301, Willis to acquire UK PI broker Prime Professions, ACE UK & Ireland names Roberts as Casualty Manager, AGCS Africa…
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Association News
Ferma announces first joint event with law association to improve understanding
Ferma is holding its first ever joint event with insurance law association AIDA Europe in a bid to improve understanding between the risk and legal professions.
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CRE Risk Management
Change of mindset key to successful risk management, says leadership expert
Who needs to change first-organisations or the risk professionals within them? That is the question posed by charismatic leadership guru René Carayol ahead of his keynote speech at the Institute…
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Captives
EIOPA paves way for Solvency II with transition rules from 2014
The European Insurance and Occupational Pensions Authority (EIOPA) yesterday launched a public consultation on published guidelines for a set of rules to which national supervisors and insurance companies will be…