-
CRE Insurance
Insurance buyers still fear capacity crunch following Solvency II
Concern continues to build among Europe’s risk and insurance management community about the appetite that insurers will have for large industrial risk business once the true capital costs of Solvency…
-
Captives
Expert claims captive costs could rise almost four times following Solvency II
A leading European captive manager has calculated that the average cost of capital for its captives under management will rise by as much as 3.7 times because of Solvency II,…
-
Climate Change
Constructive criticism needed from CEA on ELD risks
The CEA has been criticised for its 'negative' approach to mandatory financial security for ELD liabilities and challenged to come up with constructive alternatives by leading environmental liability lawyer Professor…
-
CRE Insurance
Database the answer for global programmes conundrum
A group of leading European experts on global programmes agreed last week at the Malta International Risk & Insurance Congress that the most practical way to tackle rising concerns about…
-
CRE Insurance
Security chiefs focus on risks posed by emerging markets
Multinational companies will have to deal with an increasing volume of security risks as they look for growth in emerging markets, many of which suffer from political or social instability.…
-
Captives
DIMA says Irish captives should escape sovereign fall out
DIMA, the representative body for the international re/insurance industry in Ireland, has welcomed confirmation from credit rating agency Standard & Poor’s that any action on Ireland’s sovereign rating as it…
-
CRE Insurance
New role for security chiefs as risks multiply
The job role of corporate security chiefs is changing fast and gaining more importance within international companies, as they increasingly have to deal with issues that go well beyond guaranteeing…
-
Association News
FERMA applies to join EIOPA’s advisory group
FERMA this week confirmed to Commercial Risk Europe that it will apply to be a member of the 30-strong formal stakeholder group that the new pan-European insurance supervisor EIOPA will…
-
CRE Insurance
Leading insurers call for climate change action at UN convention
As the United Nations Framework Convention on Climate Change (UNFCCC) gets underway in Cancun ClimateWise, the collaboration of leading insurers, has sent a letter to negotiators highlighting what it sees…
-
CRE Insurance
European supervisors divided on insurance guarantee schemes plan
CEIOPS has welcomed the European Commission’s public consultation on its White Paper and impact assessment on Insurance Guarantee Schemes (IGS), one of its major projects for 2011.
-
CRE Insurance
Surplus capacity in marine market questioned by Willis
Brokerage Willis has questioned why the marine insurance market is attracting surplus capacity despite the fact that there is little profit to be made. But this has helped to create…
-
CRE Insurance
Marsh launches facility to meet concern over political risk
Marsh has launched its Mobile Asset and Commodity Expropriation (MACE) insurance facility to meet what is seen as an increased concern to multinational companies over the rise in political risks…
-
Association News
FERMA and BIPAR announce historic transparency protocol
FERMA and the European Federation of Insurance Intermediaries (BIPAR) have announced the agreement of a groundbreaking transparency protocol that they hope will prevent conflicts of interest in the relationship between…
-
CRE Insurance
German market in uproar over Solvency II
Germany's insurers are in uproar over Solvency II. After years of more or less ignoring the EU's efforts to unify capital and supervisory rules, managers suddenly realise that they will…
-
CRE Insurance
German insurance market growing again but brokers still feel the pinch
The German primary insurance market is growing again, driven by life, but also helped by the first signs of a harder market in motor and other property and casualty lines.
-
Association News
Spanish risk managers told soft market is coming to an end
Spanish risk managers have been warned that the soft insurance market is coming to an end, although it is unlikely that dramatic price revisions will take place next year in…
-
CRE Risk Management
UK bribery act will create unfair playing field warns IRM panel
Experts gathered at the Institute of Risk Management's Risk Leaders' Conference warned that the UK's new Bribery Act will cause major problems for UK organisations who will now not be…
-
CRE Insurance
Credit and surety bond markets bounce back but challenges remain
The credit insurance and surety bond markets are showing positive developments following the financial crisis but challenges still persist, according to Guy Carpenter & Co.
-
Association News
CEIOPS tells EC to exclude big risks as FERMA nears conclusion of transparency deal
The large commercial insurance and reinsurance markets will be excluded from the European Commission’s updated Insurance Mediation Directive (IMD2) if the Commission takes advice provided by the Committee of European…
-
CRE Insurance
EC clears the way for ‘transitional regime’ approach to equivalence for Solv II
The European Commission has written a letter to CEIOPS confirming that it wants to adopt a 'transitional regime' for countries who wish to gain equivalence to Solvency II but have…