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Climate Change
First Environmental Liability Directive cases from European Court of Justice
On 9 March, in its first rulings on the Environmental Liability Directive (ELD), the European Court of Justice (ECJ) concluded that a Member State may establish what can only be…
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CRE Insurance
Bigger can be more beautiful-Alterra Capital
Alterra Capital was created last month through the merger of Max Capital and Harbor Point and offers European insurance and reinsurance buyers a bigger and better capitalised option, the company’s…
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CRE Insurance
A quality option for European buyers-Comment
The Bermuda insurance and reinsurance market is very different to that which rapidly emerged in response to the U.S. liability insurance crisis in the mid-1980s and a series of U.S.…
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CRE Insurance
Risk management man-Stephen Catlin
Stephen Catlin, CEO of Catlin, the group he founded, told Adrian Ladbury that the future for insurers is based firmly on the adoption of true enterprise-wide risk management and action…
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CRE Insurance
David be nimble, David be quick-David Brown
Flagstone Re has relocated from Bermuda to Luxembourg and seeks to take advantage of its closer proximity to the European market. David Brown, CEO of Flagstone Re, told Adrian Ladbury…
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CRE Insurance
Keep it simple-Neill Currie
Neill Currie, President and Chief Executive Officer of Renaissance Re, the short tail catastrophe reinsurance specialist, described 2009 as a ‘stellar’ year and this was no typical CEO blustering because…
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Association News
Crisis boosts interest in training among U.K. risk managers
Ahead of this month’s AIRMIC conference, Ben Norris talked to CEO John Hurrell about the U.K. risk management association’s latest educational initiatives and the rising popularity of its training.
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CRE Insurance
Ready and willing
Malta has been hit by the international financial and economic crisis just as any other country has. But, Joe Bannister, chairman of the Maltese Financial Services Authority, told Adrian Ladbury…
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CRE Insurance
Bermuda market report
To reflect the rising importance of the Bermuda market to European industrial insurance buyers Commercial Risk Europe attended the World Insurance Forum conference in Bermuda earlier this year and interviewed…
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CRE Insurance
Spanish risk and insurance managers warned about rising red tape
Solvency II represents only the ‘tip of the iceberg’ in terms of challenges that insurers and their customers face in Spain, Mirenchu del Valle, the Secretary-General at UNESPA, Spain's association…
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CRE Insurance
IRM welcomes sharper focus on risk in revised U.K. Code
The Institute of Risk Management (IRM) has welcomed the sharper focus on the ‘proper management of risk’ included in the revised U.K. Corporate Governance Code, which was published on May…
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CRE Insurance
Big sister likely to erupt in short term
Experts at the UCL Institute for Risk and Disaster (IRDR) have said that there is a ‘strong possibility’ that the Icelandic volcano Katla, the larger neighbour of Eyjafjallajökull that has…
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CRE Risk Management
Risk managers told to brace for busy hurricane season
The U.S. National Oceanic and Atmospheric Administration (NOAA) has added to the rising volume of forecasts of a particularly busy Atlantic hurricane season as it predicts an ‘active to extremely…
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CRE Insurance
HDI-Gerling U.K. unveils new structure for big clients
HDI-Gerling Industrial Insurance Company U.K. has announced the formation of two new business divisions together with the creation of a new regional structure ahead of AIRMIC’s conference, which will be…
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Captives
Fiscal and regulatory pressure builds on captive owners
Captive owners in the U.K. face a probable effort by the new government to raise insurance premium tax according to an expert who participated in the latest AIRMIC live debate.
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Climate Change
As environmental liabilities grow regulators look set to get busy
As environmental regulations and liabilities continue to grow in the U.K., beefed up by the implementation of the Environmental Liability Directive (ELD), authorities are set to increasingly use the new…
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Climate Change
Industrial Emissions Directive needs to be more flexible says Cefic
The European Chemical Industry Council (Cefic) supports the objective of the draft Industrial Emissions Directive (IED) but it believes that it would be more effective in ensuring sustainable environmental protection…
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CRE Insurance
Atlantic hurricane season predicted to be well above the norm
Every indicator points to Atlantic hurricane activity in 2010 being well above the norm with Atlantic basin and U.S. landfalling hurricane activity predicted to be 55% above the long-term norm,…
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Risk intelligence on the wane as ‘Jekyll and Hyde’ approach to health & safety grows
The British public seems to have lost its way when it comes to ‘risk intelligence’ according to John Holden, President of the Institution of Occupational Health (IOSH), the chartered body…
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CRE Insurance
Allied World launch new SME product as corporate world revolves
Allied World Assurance Company, the Bermuda-based insurance company, has announced that its European operation Allied World Europe has launched a new product suite for small-to-medium enterprises called SME360SM.