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CRE Insurance
Average 2012 Atlantic hurricane season expected following two busy years
The 2012 Atlantic hurricane season is expected to witness average activity, bringing welcome relief for insurance buyers and their insurers following the busy seasons over the last two years.
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Association News
Global compliance database push boosted by backing of leading brokers and RIMS
The project to create a global compliance database has been given a major boost with the announcement of the support and involvement of three leading brokers: Aon, Marsh and Willis.
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Association News
Progress in cyber cover is poorly communicated, claims Airmic
A new Airmic report into cyber insurance has welcomed a ‘rapid development’ in cyber cover at ‘significantly’ more competitive prices. However, it also concludes that poor communication of recent improvements…
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Association News
Eurozone ‘fundamentally flawed’ and breakup threat very real warns Portillo
The risk of a eurozone breakup is very real, according to Michael Portillo, the keynote speaker at the Airmic conference yesterday. The former Member of Parliament and cabinet minister told…
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Association News
Risk managers must analyse BI ‘chains’
Risk managers need to be able to identify the potential sources of business interruption claims and their financial impact, said Volker Münch, Chief Underwriting Officer for Property Insurance at Allianz.
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CRE Insurance
Cyber: opportunity not threat–comment
John Hurrell stressed in his interview with Commercial Risk Europe for yesterday’s daily paper that demand for risk management has never been greater as companies face a seemingly ever increasing…
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Association News
Reputation, claims and supply chain risks biggest concerns for Airmic members
Damage to reputation, claims payment and supply chain are the key concerns of risk managers, according to Airmic’s annual survey of its members.
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Association News
Thorough risk management delivers strategic advantages in M&A’s says report
A new risk guide by Airmic and Marsh has highlighted the importance of thorough risk management in mergers and acquisitions (M&A), stating that companies can gain a ‘considerable’ strategic advantage…
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Association News
Education is everything–Nicholas Bailey
Airmic is turning its attention to learning and development as the role of risk management broadens, according to the association’s incoming chairman, Nicholas Bailey. Stuart Collins reports.
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Association News
UK public sector market shows signs of hardening as budget cuts take hold
The public sector insurance market is in the midst of challenging times, with the rising cost of liability claims and soft market conditions causing one of the largest insurers in…
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CRE Insurance
Spitzer’s ghost on prowl in Brussels
The prospect of mandatory disclosure of all commissions and fees paid to brokers, or even the introduction of a net quote system, resurfaced in recent weeks. The head of financial…
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Association News
International BCM standard boost for risk management
The first international standard for business continuity management (BCM) released by ISO last month is good news for the business community as it will provide a best practice global kite…
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CRE Insurance
Directors must be cautious of inadequate cover under global programmes, warn ACE
Directors are increasingly asking more questions about their insurance arrangements under their company’s global insurance programmes, according to Ace Group.
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Association News
Airmic and IoD report paves way for risk oversight at highest level
Following on from its highly acclaimed Roads to Ruin report, Airmic and the Institute of Directors (IoD) have teamed up to produce a guide to risk for company boards. The…
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Association News
A merry dance
‘What mankind can dream, technology can achieve’ is the corporate slogan of Japanese technology services company Fujitsu. A minor tweak, changing ‘dream’ to ‘picture in their worst nightmare’, would perhaps…
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Association News
EU data protection law will need risk and insurance responses
A key part of current cyber insurance policies has been the provision of coverage for the costs incurred by a data breach, especially one that involves the loss of private…
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Association News
Failure is not an option
Commercial Risk Europe’s cyber risk correspondent Nik Pratt reports on the huge risk and insurance management challenges presented by cyber risk from a speech given by Enrique Flores, Insurance and…
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Association News
A grand vision–Paul Taylor
Airmic’s outgoing chairman Paul Taylor has given Airmic a 10-year strategic vision that sets the association on the path to gaining professional status for risk managers. Stuart Collins reports.
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Association News
Spreading the word–John Hurrell
The current climate of uncertainty and volatility is proving to be a critical time for risk managers, and a busy time for Airmic as it tries to raise the profile…
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CRE Risk Management
The time is now–St Gallen Symposium
Debate among world leaders at the recent 42nd St Gallen Symposium suggested that risk managers and insurers finally have a chance to make their mark.