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CRE Insurance
Deepwater’s Transocean and Macondo Well owners wrangle over insurance
The insurers of Transocean Ltd sunken Deepwater Horizon drilling rig have asked a federal judge to decide whether BP and fellow owners of the Macondo Well are ‘additional insureds’ under…
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CRE Insurance
Reinsurance capital down 6% at end of Q1
Total global reinsurance capital fell by 6% to $440bn by the end of the first quarter of 2011, down from $470bn at the turn of the year, according to Aon…
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Captives
Experts back Guernsey’s decision not to seek Solvency II equivalence
Guernsey-based insurance practitioners, as well as experts who operate predominantly outside of the jurisdiction, have backed the island’s decision to not seek equivalence under Solvency II.
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CRE Insurance
German risk managers back Mitsui Sumitomo expansion plans
German risk managers fully support plans by Asian insurer Mitsui Sumitomo to establish a new risk carrier in Germany and its attempt to grow in Europe. “It is a positive…
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Benelux
EU more risky than ever for chemical users
Chemicals have always posed a risk. Yet in the past few years they have become far riskier, in business terms, as companies have had to begin proving that the substances…
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Association News
Agers congress hears of reinsurance rate hike and penal code clarity
Spanish risk managers were told to expect a hardening of reinsurance prices and more limitations on their natural catastrophe coverages as a result of the accumulation of natural catastrophes in…
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CRE Insurance
BI and supply chain products ‘not fit for purpose’ claims Marsh’s Davies
Risk management at large FTSE 350 companies is shifting away from predominantly pre-event risk identification type approaches to post-event reaction and resilience strategies, George Davies, UK Leader of Marsh’s Risk…
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Climate Change
UK EIL market slower than expected but demand set to rise: Underwriters
Environmental liability has been shoved up the corporate agenda recently in the UK following the transposition of the European Environmental Liability Directive in 2009 and the arrival of the Environmental…
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CRE Insurance
CEA figures show non-life written premium up for first time in two years
Non-life gross written premiums were up 4% in 2010 to €428bn within CEA member countries, according to preliminary figures from the insurance and reinsurance association. It is the first time…
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CRE Risk Management
Regulation and compliance top global risk but double dip feared in UK-report
Regulation and compliance, cost-cutting and managing talent represent the top risks faced by global business, according to a recent Ernst & Young report. It also found that fear of a…
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CRE Insurance
Monday’s Christchurch earthquake loss estimate up to $5bn
An earthquake that hit the already stricken New Zealand city of Christchurch on Monday is expected to cause $3bn to $5bn in insured losses, according to EQECAT.
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Time for radical thinking?
In May Commercial Risk Europe held a lively seminar on global programmes in London and all parties agreed that industry cooperation is needed to try and improve this critical tool.…
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Association News
Narim Conference: Risk managers told to step up reputation efforts
Reputational risk is higher than ever on the corporate agenda and its threat to industry on the increase as society evolves and stakeholders become ever more powerful, according to experts…
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CRE Insurance
One small step-Comment
It is great news that AIRMIC, LIIBA and FERMA have managed to arrange a market meeting in London to kick start talks on a market agreement on global programmes and…
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CRE Risk Management
Fortune favours the brave-Germany
This year’s Risk Frontiers meeting of leading German risk managers held during the recent Annual General Meeting of the DVS in Bonn found that German insurance buyers do not necessarily…
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CRE Risk Management
A question of Perception-Spain
Spanish companies face a riskier environment today than in the past and a far greater awareness and perception of risk throughout the economy. As Spanish companies have rapidly spread across…
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CRE Insurance
The independent candidate-Ken MacDonald
Miller is a London-based broker with a strategy to build its European corporate insurance business that is based on technical know-how, experience and transparency. Ken MacDonald was hired from Aon…
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Association News
Firmly in the driving seat-Klaus Greimel
Klaus Greimel recently took charge of the DVS, the German insurance buyers’ association. Friederike Krieger asked Mr Greimel about the main challenges facing his members such as emerging risks and…
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CRE Risk Management
New German arm of Institute of Operational Risk to boost profession
Operational risk experts have launched a German arm of the Institute of Operational Risk (IOR), a body that helps members to maintain and raise competency in the discipline, in order…
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Association News
Airmic hopes for market-wide acceptance of non-disclosure clause
Airmic has issued standard insurance policy wordings to deal with what it calls ‘defects’ in the UK legal system. The association expects the voluntary wording —which substantially limits insurers’ ability…
