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Asia
$300bn Japanese disaster to cause severe supply chain disruption
Multinational companies that rely on Japanese manufacturers for parts and services need to prepare for a global supply chain disruption that could last up to several months—and, therefore, should conduct…
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CRE Risk Management
Risk managers must lead charge against new wave of cyber crime
Experts at the Institute of Risk Management’s (IRM) 2011 Global Risk Management Professional Development Forum have warned that the latest generation of cyber security threats are more sophisticated and potentially…
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CRE Risk Management
Risk managers must not waste three-year opportunity from credit crisis
The credit crunch has brought the role of corporate risk manager to the fore and those working in the industry must continue to capitalise on this attention and to champion…
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CRE Risk Management
Time for risk consensus-comment
The Institute of Risk Management (IRM) held its Professional Development Forum in Liverpool, England this week and it was a big success.
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CRE Risk Management
It’s ERM Jim but not as we know it—NASA uncovered
Due to NASA’s attempts to deal with the risks that go hand in hand with landing on far flung asteroids and Mars, shooting up space debris and the commercialisation of…
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CRE Insurance
FERMA wants planned Brazilian law withdrawn amid fears of capacity crunch
European risk managers have warned that new regulations due to kick in on 31 March in Brazil could reduce reinsurance capacity in the country, just as demand is increasing thanks…
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CRE Insurance
Global programmes seminar to address compliance issues
Commercial Risk Europe’s Risk Frontiers – Global Programmes seminar on April 6th in London is attracting risk and insurance managers from across Europe and promises to be a lively, informative…
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Climate Change
CEA to spread ELD claims data but expert downbeat on Solvency II
The CEA is currently working to collect claims data on Environmental Liability Directive (ELD) related losses in order to educate both industry and insurance buyers on the potential costs of…
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CRE Insurance
German industry hit by events in Japan but credit insurers help minimise loss
The natural catastrophes in Japan have impacted upon German industry, with a number of German companies forced to reduce operations because Japanese companies cannot deliver components in time.
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CRE Insurance
Spanish transportation risk on the rise as cover becomes hard to find
A mix of the economic crisis, regulatory changes, international political instability and natural catastrophes has highlighted the increasing risk exposure of Spanish companies who transport goods, experts have said.
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CRE Insurance
Fukushima problems will slow nuclear renaissance, JLT
Whilst the Fukushima nuclear incident should not create a reduction in insurance capacity and it remains too early to know if the problems will cause insurance prices to rise, the…
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CRE Insurance
Aon calls on FSA to consider a firm’s risk profile when asking for extra cash
Aon has called on the UK’s Financial Service Authority to take into consideration a firm’s risk profile as well as its size when determining who should pay extra costs to…
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CRE Insurance
IRM launches new qualification in risk management for financial services
The Institute of Risk Management is launching a new international qualification in risk management aimed at the world of financial services and in particular the banking and insurance sectors.
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Captives
ECIROA presents case for proportional treatment of captives to commission
ECIROA, the European captive group, has handed the European Commission a set of best practice guidelines that it hopes will be used as the basis for a captive friendly rulebook…
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Asia
Reinsurers should have capital to absorb Japan losses but market could turn
Global reinsurers should have the capital to absorb the losses resulting from the massive earthquake and tsunami that struck northeastern Japan last week.
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CRE Insurance
QIS5 provides welcome cheer for Europe’s insurance managers
European risk and insurance managers received good news from the European Commission and EIOPA, the group of national supervisors, late last week as they announced the findings of the QIS5…
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CRE Insurance
UK business exposed to insurance gaps and claims disputes to rise-Mactavish
UK companies are exposing themselves to significant and unnecessary losses because of serious flaws in the way their corporate insurance policies are arranged, according to a new study of commercial…
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CRE Insurance
Allianz secures BMW cooperation agreement at expense of Munich Re’s Ergo
German motor manufacturer BMW has sealed a new cooperation agreement with German insurer Allianz that means the insurer can offer BMW clients in Germany, Italy and France payment protection insurance…
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Asia
Stricken Fukushima power plant insurance cover minimal, sources say
As radiation from the endangered Fukushima nuclear power plant continues to rise and the exclusion zone around the plant expands, owner Tepco has no property insurance in place and third-party…
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Captives
Kane eyes further growth following HSBC deal
Kane, the fast-growing independent captive management and insurance services group, is thought to be in the market for further acquisitions particularly in Asia following the announcement that it plans to…
