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CRE Insurance
S&P concerned that reinsurers may be underestimating climate change by 50%
Standard & Poor's has warned the reinsurance industry that it may be underestimating the effects of climate change and is unwise to rule out the possibility that the phenomenon has…
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Africa
Corporate round-up
Marsh appoints senior global construction specialist, Argo names Generali's Jose Ribeiro as head of international and Brokerslink expands in Africa.
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Aviation
European business at threat from Icelandic ash cloud
The threat of disruption to aviation and wider business interests across Europe from the potential eruption of Icelandic volcano Bardarbunga remains high as seismic activity rumbles on, experts have warned…
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Asia
Allied World acquisition of RSA’s Asian business marks changing of guard for corporate customers
Allied World Assurance Company Holdings, AG, the Zug, Switzerland-based insurer that was founded in Bermuda, has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal &…
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CRE Insurance
Swiss Re Corporate Solutions names Kuno Linder as German country manager
Swiss Re Corporate Solutions has named Kuno Linder as country manager for Germany as the firm prioritises the country for growth.
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CRE Insurance
Napa Valley quake to cost insurers US$1bn to US$2bn
Early estimates put the insured cost of Sunday's earthquake in California's Napa Valley at around US$1bn-US$2bn. However, business interruption losses for the region's famous winemaking industry could see this figure…
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CRE Insurance
2014 nat cat and man-made disaster insured losses of US$21bn below ten-year average: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totalled US$21bn in the first half of this year, US$6bn less than the 10-year average of US$27bn, according to figures from…
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CRE Insurance
Corporate round-up
AGCS moves into Peruvian reinsurance market, ACE launches new PI solutions for media risks, Marsh makes key UK appointments to help product innovation and Price Forbes & Partners creates financial…
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Association News
No cutbacks on health and safety urges AGERS and leading union
Spanish companies have been urged by a leading trade union to start seeing the prevention of workplace accidents as an investment rather than a cost. Unión General de Trabajadores (UGT)…
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CRE Insurance
World Health Organisation warns of the risks of e-cigarettes
Insurers are already concerned about the potential health risks of e-cigarettes and now a report from the World Health Organisation (WHO) has called for tougher regulation of the devices, including…
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Association News
Ferma plans to bring Airmic’s ‘popular’ compliance database to members next year
Airmic this week said that its new database of international insurance regulations, Insight Risk Manager, is proving popular, with the number of registered users exceeding expectations. Meanwhile, Ferma has revealed…
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Captives
Captive owners ‘surprisingly’ reluctant to write cyber cover: Aon
Aon Global Risk Consulting has found that only 1% of captive owners currently cover cyber risk in their captives.
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CRE Insurance
AM Best downgrades outlook for reinsurance sector to negative
AM Best has downgraded its ratings outlook on the global reinsurance sector to negative from stable citing 'ongoing market challenges'.
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CRE Insurance
Panama Canal expansion will increase risk for all warns AGCS
Allianz has warned that plans to double the cargo-carrying capacity of ships transiting the Panama Canal will increase risks for ship owners, the businesses they serve and insurers.
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CRE Insurance
Weighing up the risks of Arctic shipping
Arctic shipping routes offer potentially cheaper and faster transit between Europe and Asia, but they do come with additional and often unique risks, according to a report from Marsh.
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CRE Insurance
Corporate round-up
ACE appoints Kyle Bryant as regional cyber manager for Europe, Lockton adds JLT trio to its international management liability team, Towers Watson names Eric Speer as global head of risk…
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Europe
Global Risk Frontiers Survey 2014–North America
Below we bring you highlights from the North American leg of our Global Risk Frontiers Survey, sponsored by ACE, AIG, Zurich and the QFC Authority. The risk management survey firstly…
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Europe
Risk managers cannot succeed on theory alone–North America
North American risk managers who took part in this year’s Global Risk Frontiers Survey agree wholeheartedly with their peers in Europe and worldwide that the qualities and skills needed to…
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Europe
Risk managers need to sit where most needed–North America
The nebulous nature of risk management means that there is no simple answer to the question of where a risk manager should sit within an organisation, according to North American…
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Europe
No silver bullet solution to risk education conundrum–North America
There is a thirst for a consistent, transportable and widely-recognised risk management education path and certification scheme among the global risk management community. The big question is how is this…