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CRE Insurance
Corporate round-up
Zurich appoints Kerner as CEO of General Insurance, Aon Risk Solutions appoints UK Head of Broking, Liberty Syndicates appoints Peter Smith to lead new specialty division and JLT develops solicitors’…
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CRE Insurance
Indian power failures leave supply chains in the dark
The power failures that hit northern India earlier this summer have highlighted yet another supply chain exposure for European business and are proof themselves of the ill effects of poor…
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Insurers failing to grasp full benefits of economic capital modelling
Research by KPMG suggests insurers are failing to make full use of economic capital (EC) modelling when deciding upon certain strategic decisions such as pricing and underwriting.
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CRE Insurance
Eurozone crisis adds to pension scheme woes
The ongoing eurozone crisis has thrown up four key risks with direct implications for defined contribution (DC) pension plans that employers and fund trustees must navigate to protect their pension…
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Aviation
Buyers in control of aviation market—Willis
With buoyant capacity for aviation risks and excellent loss experience in 2012 market conditions are stable and the balance of power very much in favour of buyers going into the…
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CRE Insurance
Canopius secures Omega Insurance Holdings Ltd
Canopius Group Ltd has completed the acquisition of Omega Insurance Holdings Ltd—the UK-listed, Bermuda-domiciled insurance and reinsurance group with operations at Lloyd’s, via Syndicate 958, as well as in Bermuda,…
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CRE Insurance
CRE’s holiday plans and summer publishing schedule
The Commercial Risk Europe team will take a well-earned break for the next few weeks and our newsletter will pause whilst we are away and news is thin on the…
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CRE Insurance
Risk managers call for TCoR to address more than insurance premiums
Risk managers are questioning the suitability of industry metrics used to assess the effectiveness of risk management programmes, suggesting that such metrics need to focus less on insurance-related costs and…
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CRE Insurance
Libor scandal to hit directors and officers market expert warns
As the Libor interbank lending scandal rumbles on, a leading professional lines expert has warned that some carriers of directors and officers (D&O) cover for financial institutions are pulling back…
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CRE Insurance
JLT’s revenue and profit up as analysts report ‘good’ h1 results
Jardine Lloyd Thompson Group reported revenue up 7% in the first half of 2012 and operating profit up 11.8%, with analysts claiming a 'good' set of results.
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CRE Insurance
Corporate round-up
ACE launches legal helpline for UK D&O and EPL clients, Standard Club offers three new products including K&R and Willis opens Superyacht office in Barcelona.
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CRE Risk Management
Insurers ‘Stone Age’ IT systems must adapt-Risk Frontiers
Insurers must up their game to deliver better service and claims handling, Gregor Kohler, Head of Insurance at German chemical giant Bayer, told CRE as part of our annual Risk…
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CRE Insurance
Tough time for brokers—Risk Distribution
Commercial Risk Europe spoke to Joaquin Huergo Luz, CEO of Spanish broker Artai, as part of our annual Risk Distribution survey, sponsored by Lloyd’s. He stressed the difficult operating environment…
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CRE Insurance
A structured solution
Risk and insurance managers from across Europe who have taken part in this year's Risk Frontiers survey have expressed frustration about the apparent inability of insurance companies to deliver innovative…
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CRE Risk Management
Financial crisis and regulation focus for French risk managers
The effects of the financial crisis and a growing regulatory burden are the major risks faced by French companies today, according to leading risk managers who participated in this year's…
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CRE Insurance
Half of European companies unprepared for emerging risks finds ACE
Around half of European companies say they are unprepared to deal with many of the most prominent emerging risks, citing terrorism and political violence as their biggest concern, according to…
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CRE Risk Management
Most internal audit functions have room for improvement survey shows
Eighty per cent of chief audit executives (CAEs) believe their organisations' internal audit function has room for improvement, and 75% say that strong risk management has a positive impact on…
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CRE Insurance
Corporate round-up
Willis makes top appointments in key regions, AIR expands suite of catastrophe models for Australia, Hiscox appoints new CRO and makes further senior appointments, Hiscox merges global media, entertainment and…
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CRE Insurance
£471,846 FSA fine and ban for individual UK broker due to fraud
A former UK commercial insurance broker was this week banned and fined £471,846, one of the largest amounts ever levied on an individual for insurance fraud, by the Financial Services…
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CRE Insurance
Cat reinsurance market nears strategic shift as third party providers move in
The catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital providers set to take on increasing amounts of peak catastrophe risk, according to…
