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CRE Insurance
New electronic buying tool planned for German industrial risks
German industrial groups are making a fresh attempt to arrange a system that will allow them to buy cover via an electronic portal.
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CRE Insurance
Marsh signs agreement to help avoid overpricing of Iraqi risks
Marsh has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB) that aims to help clients with operations in the Iraqi energy, power and aviation sectors obtain a…
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CRE Insurance
Industrial insurers post healthy numbers to support continued stable market
Allianz Group yesterday announced strong third quarter results in terms of revenue growth and operating profits and confirmed its operating profit outlook for 2010 at the higher end of expectations.
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CRE Insurance
Little evidence of market hardening from broker numbers
Marsh & McLennan Companies (MMC) yesterday reported revenues up and profits down for the third quarter of this year and gave insurance buyers further hope for a calm renewal in…
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CRE Risk Management
French strikes turn focus on business continuity plans
The latest holiday season in France has caused considerable losses to companies and highlighted the growing need for risk managers to have business continuity plans (BCP) in place to face…
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CRE Insurance
BI insurers increasingly reluctant to pay claims and expand coverage
As demand for business interruption (BI) insurance grows insurers have shown a decreasing appetite to pay related claims and they have become increasingly reluctant to expand BI coverage, according to…
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CRE Insurance
Solvency II nat cat calculations a ‘backward step’, says Aon Benfield
Solvency II natural catastrophe calculations, currently proposed under the Solvency II Standard Formula, are ignoring 15 years of critical evolution and could lead to higher capital requirements for insurers when…
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CRE Risk Management
UK business must consider the risks of trading with the US, says ACE
ACE's Corporate Liability Team has urged UK business to carefully consider the risks, as well as the opportunities, of exporting into the US market. They must beware of the differing…
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CRE Insurance
German insurance companies have fared well but face new test–S&P
German-based insurance companies and subsidiaries of international groups have shown stability over the past year but face a new test in the face of low interest rates, according to a…
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CRE Insurance
UK’s CII calls for end to ‘Tick Box’ regulatory approach
The Chartered Insurance Institute (CII) has called on the UK government to grasp the opportunity presented by the current review of financial regulation in order to stop the 'tick box'…
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CRE Risk Management
Actuary role will evolve to deliver ERM and scenario planning—Aon Benfield
The role of the actuary will evolve to deliver robust Enterprise Risk Management (ERM) frameworks and will increasingly involve the design of potential scenarios rather than solely performing retrospective statistical…
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CRE Insurance
CEIOPS to agree advice on broker directive next week
The Committee of European Insurance and Occupational Pensions Advisers [CEIOPS] will meet on 10 November to agree draft advice that it plans to deliver to the European Commission on its…
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CRE Insurance
EC softens stance on equivalence and opens door to US
The European Commission has decided to relax its approach to third countries outside the European Union when it decides which can trade with nations that are covered by Solvency II,…
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Climate Change
Commission should leave cover for ELD risks to market forces-expert says
Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention to help develop an insurance market to address the regime’s…
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CRE Insurance
US Treasury expects to make profit on AIG
The United States government announced this week that it hopes to make a profit on its loans and investment in AIG assuming the restructure announced by the group at the…
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CRE Insurance
New credit insurer aims to address buyers’ concerns
A new dedicated trade credit insurer, Equinox Global, has entered the market and hopes to address buyers’ concerns over certainty of cover, capital adequacy and transparency in a line of…
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CRE Insurance
Willis urges buyers to take advantage of soft market at renewals
Willis has urged insurance buyers to take ‘smart advantage’ of the ongoing soft market conditions and enhance coverage as much as possible at renewal in its Marketplace Realities and Risk…
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CRE Insurance
German buyers relaxed about terror threat and Extremus renewal
A waves of resentment was felt in German political and business circles at the beginning of October, when the US government warned travellers about possible terror attacks in the country…
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CRE Insurance
French non-life market primed for hardening say insurers
Non-life insurers in France have warned that prices are about to go up again, as their results are under pressure and new regulatory requirements approach.
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CRE Insurance
Commission tells Spain to comply with Court ruling on industrial accidents
The European Commission has asked Spain to comply with a ruling by the European Court of Justice (ECJ) on emergency planning for major industrial accidents.
