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Asia
E.U. focuses on counterfeit trade in Asian talks
The European Union is stepping up its efforts to improve trade relations with China and the wider Asian market and in particular is attempting to tackle the problems of custom…
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CRE Insurance
Industrial slowdown helps cut French workplace accidents
The number of workplace accidents dropped last year in France. But, at the same time, more cases of professional diseases have been reported by workers, according to latest statistics.
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CRE Risk Management
Portuguese and EC authorities look to extreme fire mitigation including goats and expropriation
[LISBON]—DAMAGE caused by forest fires in Portugal has risen again in 2010, reaching the highest levels in five years and reigniting the debate on the ability of Portuguese authorities and…
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Asia
Chinese companies must up risk game–Marsh
Chinese companies that expand into Europe face an entirely different regulatory and business environment that means they must pay closer attention to risk management and insurance programmes, according to broker…
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CRE Insurance
E.C. opens formal investigation into P&I market
The European Commission has opened formal proceedings into whether certain provisions that accompany claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe its antitrust rules.
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CRE Risk Management
DB contributions ‘drastically’ cut by multinationals–Mercer
Companies are ‘drastically’ cutting back on contribution rates to their Defined Benefit (DB) schemes as part of the redesign of their pension schemes, according to a new survey issued by…
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CRE Insurance
Corporate round-up
The latest merger and acquisitions, new products and appointments from the European commercial insurance and service sector.
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CRE Insurance
Barnier and market bodies final plea to take part in QIS5
European Commission Internal Market and Services Commissioner, Michel Barnier, has strongly advised the European insurance industry to roll its collective sleeves up and get stuck into the QIS5 study into…
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CRE Risk Management
Urgent overhaul of benefits risk needed according to Mercer survey
A large majority of multinational organisations fear that their corporate governance structures need to be updated to meet existing and future needs, according to a survey carried out by Mercer.
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CRE Insurance
Reserve releases continue to boost insurer profits
Insurance buyers will welcome the news that insurers continue to post reserve releases despite analyst warnings that the pot has run dry and may help spark a hardening in rates…
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CRE Risk Management
Boom time for actuaries and solvency experts
Hard evidence is mounting that now is the age of the actuary as the European insurance market steps up efforts to prepare for Solvency II, Europe’s planned new insurance capital…
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Captives
Bermuda captive premium falls but assets healthier
The Bermuda captive insurance market, the biggest in the world, unsurprisingly showed a fall in gross premiums written last year and a flattening in intercompany advances and investments as financial…
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CRE Insurance
AIG reports slow but sure progress on debt
AIG revealed this week that it has applied nearly $4bn received from International Lease Finance Corporation (ILFC) to the Federal Reserve Bank of New York (FRBNY) Revolving Credit Facility (credit…
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European insurers ready for government default
European insurance companies are prepared to face the eventuality of a sovereign debt default by Greece and its effects on other sovereign ratings, according to Fitch, the credit rating agency.
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CRE Insurance
Deepwater fund launched amidst controversy
A $20 billion compensation fund for economic victims of the Deepwater Horizon oil spill was launched on Monday but immediately faced controversy as accusations flew that the rules set out…
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Welcome back!
Welcome back to Commercial Risk Europe’s weekly email news bulletin. We have enjoyed our well-deserved summer break over the last few weeks and we hope that you all have too.
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Climate Change
Confusion reigns in Spain over environmental liability
Spanish companies are seriously ill-prepared for the expected rise in environmental liabilities following the introduction of the Environmental Liability Directive according to recent research commissioned by ACE Iberia.
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CRE Insurance
Court ruling re-fuels contingents debate
U.S. and European insurance buyers will be pleased to hear that a U.S. federal appeals court has decided to restore part of a nation-wide class-action lawsuit that accused a large…
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CRE Insurance
RSA bids to create major new force via Aviva bid
U.K. general insurance group RSA would create a strong new insurance group to serve the international corporate insurance buyer market were its bid for the non-life business of U.K. rival…
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CRE Insurance
Competition fuels continued soft market for buyers in EMEA-Marsh
Insurance buyers in Europe, the Middle East and Africa (EMEA) continue to benefit from sharp competition among insurers for their business and fresh capacity generated by new entrants, according to…