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CRE Risk Management
Safe voyage for Panama Canal?
Rodrigo Amaral interviews Patricia Alvarado, Risk Manager at Autoridad del Canal de Panamá, who is charged with ensuring the successful operation of the Panama Canal and its ongoing upgrade project.…
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CRE Insurance
Cyber risk—A ‘market’ in need of codification—comment
One big theme to emerge from this year’s Risk Frontiers survey that is published with this issue is that cyber risk is difficult to codify and categorise and therefore even…
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CRE Insurance
Developments still needed on CBI as insurance industry struggles to remain relevant—Monte Carlo Rendez-Vous
Those gathered for this year’s annual meeting of the risk transfer industry in Monte Carlo will have noted that reinsurers remain cautious in their approach to contingent business interruption (CBI),…
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CRE Insurance
In search of the win-win – Joseph Clabby, ACE
The recent half year results underscore the fact that ACE is making good progress in continental Europe and worldwide in the large corporate business as well as investing in its…
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CRE Insurance
Steady as she goes – Philippe Rocard, AXA Corporate Solutions
CRE editor Adrian Ladbury met Philippe Rocard, CEO AXA Corporate Solutions, during the Monte Carlo reinsurance Rendez-Vous in early September as negotiations over this year’s renewals kicked off in earnest.…
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CRE Insurance
Creating ‘super sticky’ value – Mike McGavick, XL
Mike McGavick, CEO of XL, gave the headline speech at the annual DVS Symposium in Munich at the start of September and challenged the insurance industry to up its game…
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CRE Insurance
The long game – Rudolf Flunger and Fred Kleiterp, Swiss Re
Swiss Re is ramping up its position in the primary industrial insurance market in Europe and worldwide. CRE editor Adrian Ladbury met Rudolf Flunger, Head of Regions and Specialty, and…
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Asia
Asia first – John Tan, ACR Capital Holdings and Asia Capital Reinsurance
This year’s Risk Frontiers survey of a sample of leading European risk managers has underlined the fact that emerging markets are the focus for managers of risk who work for…
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CRE Insurance
Partnership and flexibility – Suresh Krishnan and Rémy Massol, ACE
Tony Dowding caught up with Suresh Krishnan, General Counsel, Multinational Client Group, ACE Group, and Rémy Massol, Multinational Director for CE, ACE Group to discuss the complexities and benefits of…
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CRE Risk Management
ISO 31000 survey suggests Europeans behind in enterprise-wide risk approach and support for certification
A recent global survey on how the ISO 31000: 2009 Risk Management—Principles and Guidelines standard is used and perceived, together with wider risk management practices, suggests that the role of…
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CRE Risk Management
IRM launches risk culture guidance to bridge ERM gap
The Institute of Risk Management (IRM) this week issued two guidance documents to help risk professionals and their organisations tackle the difficult topic of risk culture-described by the institute as…
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CRE Insurance
Zurich’s $550m surprise provision will spark fears of another reserve meltdown
A ghost that staff at Zurich Insurance Group will have hoped had been banished for good threatened to rear its ugly head again this week as the Swiss group announced…
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CRE Insurance
Willis’ Plumeri to be succeeded by McKinsey’s Dominic Casserley
Willis Group has announced that Dominic Casserley will replace Joe Plumeri as Chief Executive Officer on Jan 7, 2013 with Steve Hearn, currently the chairman and CEO of Willis Global,…
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CRE Insurance
European non-life insurers remain well capitalised but negative outlook persists
The eurozone crisis remains a significant challenge facing the European non-life insurance sector that is attempting to increase premium rates, according to AM Best. The rating agency believes current underwriting…
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CRE Insurance
IAIS propose measures to tackle threat of failure at largest insurers
The International Association of Insurance Supervisors (IAIS) this week proposed policy measures to help identify and police global systemically important insurers (G-SIIs) as part of a global initiative to reduce…
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CRE Insurance
Solvency II delay rumours persist
Rumours and speculation about a delay to the Solvency II timeline continue thick and fast, much to the bemusement of risk managers and the insurance industry.
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CRE Insurance
German study maps out scale of risk posed by ‘Grexit’
Greece's exit from the euro would possibly kindle a wildfire throughout Europe, potentially even on an international level that may well result in a worldwide economic crisis that no countries…
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Association News
Property and BI rates stable but likely to increase finds Airmic survey
The cost of property and business interruption (PDBI) cover for UK companies has been stable over the last 12 months but is expected to rise over the next two years,…
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CRE Insurance
Modest rate increases in UK as reserve releases dwindle
Dwindling reserve releases and low investment returns are forcing UK non-life insurers to push for premium hikes, according to AM Best. But in most lines only modest increases have been…
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CRE Insurance
Growth and rates up in robust German non-life market finds AM Best
The German non-life insurance sector appears in better health than many of its European neighbours with growth, profits and key premium rates up in 2011, according to data from AM…
