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Association News
Captives will receive simplified and proportionate treatment under Solvency II–Van Hulle
European captive owners can rest a little easier in their beds tonight as Karel van Hulle, Head of Unit, Insurance and Pensions, DG Internal Market and Services, and the architect…
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Captives
No time to take a rest as Solvency II remains on track for January 2014
Solvency II seems to have become increasingly complicated and confusing as it nears completion and thus more tricky for insurers and their customers to work out what to do about…
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CRE Insurance
Equivalence and long-term nature of insurance key matters that need sorting
A number of key outstanding issues still need to be sorted out at Commission and EIOPA level that could have a significant impact on the way the rules are received…
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CRE Insurance
Nat cat losses will continue to rise with mitigation efforts muddled
Reinhard Mechler, a researcher at the Austria-based International Institute for Applied Systems Analysis, has few words of comfort about the future frequency and severity of natural catastrophes and the losses…
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Association News
Social media at forefront of cyber risk shows Ferma survey
European risk managers rate damage to reputation through social media and theft of customer information as the largest cyber risks faced by business today, according to a survey by the…
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CRE Insurance
Filhet-Allard joins BrokersLink to expand French and global offerings
International brokerage network BrokersLink has boosted its presence in one of the major European markets by welcoming France's Filhet-Allard as its newest member.
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CRE Risk Management
Auditors do not want to step on risk managers’ toes, says ECIIA president
Internal auditors, as much as other risk professionals, are gaining stature in European companies, but they do not want to step on the toes of risk managers, according to the…
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CRE Insurance
Baden Baden brings good news for primary buyers-comment
Great news emerged for the European corporate insurance management community from sleepy Baden Baden in south west Germany this week as it became clear that the reinsurance market will not…
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CRE Insurance
Corporate round-up
Willis shakes up international unit with appointment of new CEO as big hitters Margrett and McManus depart, Willis appoints new CEOs of Latin America and UK and Ireland operations, QBE…
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CRE Risk Management
Economic factors dominate Towers Watson’s latest extreme risk list
The economic risks of depression, sovereign debt default and hyperinflation top Towers Watson’s latest list of extreme risks as it believes the disappointing economic recovery in the developed world during…
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CRE Insurance
Willis Q3 revenues up 5% but net income cut in half
Willis reported total revenues of $2.63bn for the first nine months of 2011, up 5% on the $2.5bn received in the same period last year.
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CRE Insurance
Losses from Turkey quake up to $200m with concerns over building codes
Insured loss estimates from the earthquake that struck Turkey last Sunday range between $200m and $55m, according to catastrophe modeling firms.
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CRE Insurance
Flight to price over quality is harming both buyers and carriers warns insurer
With an increasing trend towards commoditisation in the commercial insurance sector, a leading insurer has warned that the procurement process is too heavily dominated by price and leaves the risk…
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CRE Insurance
German insurers open their books for offshore wind farms
In good news for German companies running wind farms in the open sea, German insurers can now supply more of the cover urgently needed to set up and operate these…
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Association News
Maltese association to spread risk gospel on Island
The Maltese Association of Risk Management (MARM), one of Ferma’s two newest members, needs to raise the awareness of risk management on the Island and hopes that membership of the…
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CRE Insurance
AIR Worldwide updates terrorism model for the US
AIR Worldwide had released an update to its terrorism model for the US to reflect the likelihood of less frequent and less severe attacks in the country.
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CRE Insurance
Time for insurers to stand and deliver on Solvency II says its chief architect
Karel van Hulle, Head of the insurance and pension division at the European Commission, has warned that the time for talk and compromise over Solvency II is over and that…
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Association News
Risk managers best beware of market in transition says Amrae study
A study of insurance market trends by Amrae has concluded that insurers are likely to become ever more focused on technical results and that the current soft cycle is nearing…
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CRE Insurance
European non-life market flat or softening but challenges mount—AM Best
The European non-life insurance sector faces a number of challenges in the form of continued economic weakness, volatile investment markets, sovereign debt concerns, the low interest rate environment, inflationary threat…
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CRE Risk Management
EU firms lagging behind global competitors on innovation
Top European firms are lagging behind their global competitors when it comes to investment in innovation, research and development, according to latest figures from the European Commission.
