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Association News
Australasian risk and compliance institutes open merger discussions
The Australasian risk and compliance institutes have entered into discussions over a potential merger, Commercial Risk Europe learned last week as the two entities joined forces for their inaugural GRC…
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Association News
Airmic unveils its model Reservation of Rights clause to end dodgy practice
Following months of discussions with the market Airmic has unveiled its long desired Reservation of Rights (RoR) model clause that it hopes will be widely adopted in commercial insurance contracts…
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CRE Insurance
Cyber security not taken seriously warns UK government secretary
Organisations are failing to treat cyber security as seriously as physical security, delegates at the Institute of Risk Management's Risk Leaders Conference heard this week.
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CRE Insurance
Insurance accounting rules finally underway, prepare for a bumpy ride
Swiss Re, the Zurich-based international reinsurance group, believes that 'significant' progress has been made on new insurance accounting standards, but warns that key details still need to be settled.
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Association News
Spanish buyers to enjoy benign renewals
Spanish companies will not face higher insurance rates for most insurance coverage in 2013, according to participants at the annual AGERS renewal day conference in Madrid.
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Africa
Risk managers need to cut through risk terminology ‘gobbledygook’
South African risk managers were warned to be careful they do not become mired in complex discussions about risk terminology and thereby fail to apply the dynamic and positive elements…
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CRE Risk Management
Risk professionals must play head chef when measuring risk appetite
Risk professionals should play the role of a chef when determining their organisation's risk appetite, Alex Hindson, Institute of Risk Management (IRM) Director and Head of Group Risk at Amlin…
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Africa
SA risk managers urged to help business rise to big challenges
South African risk managers need to ensure that true risk management principles are embedded throughout their organisations 'in each and every department' if the community is to help the nation…
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Africa
IRMSA edges closer to first big step outside of South Africa
IRMSA took further significant steps in its hoped-for expansion of the institute across the Sub Saharan region this week as it took forward discussion about the creation of its first…
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CRE Insurance
Moody’s launches credit service for risk managers in emerging markets
Credit rating agency Moody's has launched a new credit research service that it says will help risk managers and investors better understand, estimate and benchmark the fundamental credit risk of…
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CRE Insurance
Launch of new business continuity guidance standard
BSI, the UK-based business standards company, will launch a new guidance standard for business continuity management, ISO 22313, in London on December 3.
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CRE Insurance
Corporate round-up
Five additions to Blufin's broker network, Antares appoints Chris Day as PI underwriter and Neil Russell joins Argo International as Class Underwriter for property.
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International programmes – compliance and databases
Can you rely upon your insurers' database to make you compliant? And should there be a standard for international programmes? These were questions posed to a panel at the recent…
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Europe
Risk managers warned to match local limits to local exposures
It is a simple message: match the local policy limit to the local exposure, and allocate the master policy according to the local exposures. But it seems that some multinationals…
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Ferma survey highlights concerns over global programmes
The high level of concern about the compliance of global programmes expressed by European risk managers this year was heavily underlined in Ferma's recently published survey. Almost half of respondents…
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Europe
Continuing problems integrating Latin America into global programmes
Insurance markets have been 'frivolous' when offering some kinds of insurance coverage with a global coverage, as they may not be valid in some Latin American countries, an audience of…
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Europe
Growing demand for global programmes in Latin America
Latin America is clearly a region of business opportunity, and its vibrant markets are increasingly attractive to multinational organizations. However, in terms of global insurance programmes, the region is undergoing…
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Europe
Analysing the link between sovereign debt ratings and insurer ratings
The problems faced by many countries around the world in relation to the financial crisis, not least in the Eurozone, has resulted in rating agencies downgrading sovereign debt ratings, and…
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Europe
NAIC spars with European Commission at IAIS annual conference
The International Association of Insurance Supervisors (IAIS) recently held its Annual Conference in Washington, D.C. The key debate, between Terri Vaughan of the US National Association of Insurance Commissioners (NAIC)…
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Europe
Editor’s comment – Do your homework
One of the interesting issues that arose during the recent European Captive Forum (which incidentally has grown from being a purely captive event to one encompassing multinational insurance programmes) was…
