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Climate Change
Risk managers unprepared for major risks and underestimating others: Aon survey
Corporate risk managers are struggling to identify their major risks and are less prepared to manage them according to research from Aon Risk Solutions. Furthermore, many are underestimating the importance…
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Benelux
Proposed Dutch flood pool could provide breakthrough for commercial buyers
A proposed industry flood insurance pool in the Netherlands could prove to be a much needed breakthrough for commercial buyers, according to a leading broker.
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CRE Insurance
Swiss Re and GEM announces project to improve seismic risk management capabilities in Latin America
The Swiss Re Foundation and the Global Earthquake Model (GEM) Foundation have announced a three-year collaborative project to create what they say is the first ever comprehensive picture of seismic…
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CRE Insurance
EC competition chief warns of rising risk of protectionism
Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy, this week warned of the rising threat of protectionism and even potential ‘demonisation’ of globalisation as Europe’s economies…
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Climate Change
IUMI supports effort to establish best practice Arctic exploration
The International Union of Marine Insurance (IUMI) has put its backing behind the draft Arctic Marine Best Practice Declaration that aims to promote best practice for marine and energy operators…
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CRE Insurance
BrokersLink launches global employee benefits practice
Insurance broking network BrokersLink is looking to support international companies through a newly established Global Employee Benefits Practice Group, the first network to do so, it claims. The practice group…
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CRE Insurance
Time for action on tax-dodgers vows EC tax chief
The European Commission this week set up a Platform for Tax Good Governance which it said would monitor member states' progress in tackling aggressive tax planning and clamping down on…
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CRE Insurance
Corporate round-up
Beazley strengthens marine team, Towers Watson makes crisis management broking appointments and ACE appoints Gordon Knox as Casualty Manager, Scotland.
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CRE Risk Management
Changes to ISO 31000 on horizon, implementation guide due in months
A guide to help risk managers and other professionals implement international risk management standard ISO 31000 is set for publication this September and is likely to be followed by changes…
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Association News
Peru creates association as risk management spreads in Latin America
The spreading of risk management across Latin America has taken another step forward with the creation of Peru's risk management association. It will become a chapter of Rims.
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CRE Insurance
Latin American rules create non-admitted dilemmas
The wide variety of national insurance rules has become a nightmare for risk managers of international companies and one part of the world that illustrates this situation very well is…
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Europe
The Evolution of Global Insurance Regulation
Continuing shockwaves from the financial crisis, combined with a push for greater harmonisation, is transforming global insurance regulation. Whilst this may create uncertainty for insurers, it could be good news…
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Europe
Surety insurance to finally land in Mexico
Surety insurance should be soon available for the first time in Mexico as a new insurance law has created the conditions for the product to be offered in the country.
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Europe
Cyber Risk – a global problem (Part One)
Cyber risk is becoming a major concern for multinationals, not only because of the growing frequency of attacks, but also because of the increase in regulations around the world in…
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Europe
Asia-Pacific insurance sector to double by 2020
Premium income for the insurance industry in the Asia-Pacific region will double by 2020, according to a study published by Munich Re's Economic Research Department. At more than €1tn, nearly…
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Europe
Tax and regulatory news
New indirect taxation booklet available, offshore reinsurance remittance tightened in Argentina, single Economic Space countries working on insurance agreement, EIOPA and World Bank sign insurance Memorandum of Understanding, manuscript wordings…
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Europe
News in brief
Hong Kong insurance premiums increase in 2012, new global commercial property product from Clements, XL Group restructures insurance operations in Asia Pacific, Saudi Arabia's insurance market on the up, says…
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Europe
Captive news
CICA's latest fronting survey sees increase in fronting, OECD endorses Guernsey's tax standards, Cayman introduces portfolio insurance companies, Bermuda wrote over USD100 billion in premiums in 2011, Delaware Tribe of…
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Europe
Editors comment – Regulatory overload: is there an upside?
It is all happening on the supervisory front for insurers. First, there is ComFrame, or to give it the full title, the Common Framework for the Regulation of Internationally Active…
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Europe
Mexico – On the up
Mexico was badly hit by the credit crisis, largely because of its close links to the US business cycle. According to Atradius, real GDP growth decreased by 6.3% year-on-year in…
