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Climate Change
Insurers favour market-driven solutions for environmental liability risks
The International Underwriting Association (IUA) has said that market-driven solutions to environmental liability risks should take precedence over possible EU-enforced compulsory financial requirements currently under discussion in Brussels.
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Climate Change
Improved risk management vital for renewable energy sector
The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding because of the uncertain economic environment.
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Climate Change
Corporate Round Up
Torus expands again with Starr renewal deal, AXA top management changes and Swiss Re’s economic forecast for insurers
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CRE Insurance
New Chief Executive for XL’s insurance segment
Greg Hendrick is to become Chief Executive of XL’s insurance segment after the retirement of Dave Duclos, the current insurance head. Mr Hendrick, currently XL’s Executive Vice President, Strategic Growth,…
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Association News
Institute of Risk Management elects new chairman
Richard Anderson has been elected chairman of the board of directors of the Institute of Risk Management (IRM). Mr Anderson is Managing Director, UK at Crowe Horwath Global Risk Consulting…
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Association News
London market looks set to cooperate on global compliance database
With the support of Ferma, the International Underwriting Association (IUA) and the London and International Insurance Brokers’ Association (LIIBA), Airmic formally approached the London insurance market on 28 November to…
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CRE Risk Management
UK announces cyber security strategy that may help develop insurance cover
The UK government has announced a multi-pronged initiative to tackle the growing threat of cybercrime. Ostensibly the Cyber Security Strategy is designed to promote the UK as a safe place…
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CRE Insurance
Groupama troubles question viability of mutuals in light of Solvency II
Developments at French insurance group Groupama in the past few months have reignited concerns about the ability of mutual insurance companies to raise new capital, especially as the Solvency II…
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CRE Insurance
AIR’s Simic concerned insurers are using models as excuse to up cat rates
Milan Simic, Senior Vice President, Managing Director at AIR Worldwide Ltd has suggested that the risk transfer industry is using new risk models, such as the much debated RMS v11…
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CRE Insurance
Reinsurers fear for climate change talks and renewables as UN meets
The world’s two biggest reinsurance companies have called for a renewed commitment to tackling climate change and the shift from fossil fuels to renewable energy as the United Nations gathered…
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Association News
Business urged to respond to rise in litigation by employees in Spain
Spanish companies must be prepared to face more frequent litigation from their employees, risk managers were warned in Madrid during a morning-long seminar about trends for the next round of…
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CRE Insurance
German flood model will lead to more accurate pricing and risk info says AIR
Following the launch of AIR’s first inland flood model for Germany, Commercial Risk Europe caught up with Milan Simic, Senior Vice President, Managing Director at the modelling firm to better…
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CRE Insurance
Network Assurex to offer more support to medium-sized brokers
There is good news for German risk and insurance managers as medium-sized commercial brokers in the country who have problems finding suitable employees to continue their company’s legacy once key…
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CRE Insurance
Chubb ups the ante with new risk management division
Jan Auerbach was appointed as European Risk Management Manager at Chubb Europe earlier this year and wasted no time in setting out his vision for servicing large clients in this…
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CRE Insurance
AGCS appoints Browne and Scaldaferri to Board
Allianz Global Corporate & Specialty AG (AGCS), Allianz’ corporate insurance arm, has announced two new appointments to its Board of Management.
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CRE Insurance
Extra sovereign risk charges for Solvency II unlikely in near term-Fitch
Solvency II is unlikely to include revised capital risk charges for European Economic Area (EEA) sovereign bonds in the near term because the European Commission will want to avoid any…
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CRE Insurance
Corporate round-up
Marsh launches EMEA renewable power practice and Chubb launches specialist PI cover for non-traditional professional service providers, appoints European Chief Information Officer and makes two appointments to Irish commercial team.
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CRE Insurance
CRE’s Australasian risk management conference coverage
As part of our plans to bring the best and most important risk and insurance management news to readers around the world, Commercial Risk Europe brings you the latest news…
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CRE Insurance
CRE’s Australasian and South African risk management conference coverage
As part of our plans to bring the best and most important risk and insurance management news from around the world to our readers, Commercial Risk Europe brings you the…
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Africa
Information bill threatens South Africa’s premier league status says Sunter
European and international risk managers may have to reassess their company’s expansion plans into South Africa after it dramatically dropped into the ‘relegation zone’ of premier league international countries last…
