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CRE Insurance
Russian fire and drought to spark demand among buyers–S&P
The prolonged heat wave and damage from fires and drought that hit Russia this summer caused considerable economic and personal losses for individuals and the private and public sectors but…
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Captives
QIS 5 delayed but captives have not been ignored
Captive owners will have to wait a few weeks longer than expected for the results of QIS 5 but can rest assured that their calls for special treatment compared to…
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Climate Change
Commission looks to beef up ELD as Hungary counts cost of toxic disaster
A recent report from the European Commission suggests that it is looking to beef up the Environmental Liability Directive [ELD] sooner rather than later, in order to plug weaknesses and…
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CRE Insurance
Algerian ruling sparks renewed Spanish energy security fears
A controversy over the price of gas imported from Algeria has revived fears in Spain about the security of energy in the country, an age old concern of Spanish risk…
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CRE Insurance
IAIS gives cautious response to global programmes initiative
The European insurance management community faces an uphill struggle to spark interest among supervisors in an international initiative on global programmes, based on reaction from the IAIS in Luxembourg this…
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CRE Insurance
Somali pirates extend scope of attacks
Somali pirates have continued to expand the scope of their attacks in the first nine months of 2010 and for the first time have hijacked a vessel as far from…
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CRE Risk Management
Risk management on the rise
Risk managers are becoming more visible and active across their organisations and are wielding greater influence on strategic decisions, according to a senior executive at Marsh.
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CRE Insurance
Insurers must not ignore the competitive advantages of Solvency II-PwC
Insurers must not waste the opportunity afforded to them by Solvency II to show their value to customers and investors by getting 'bogged down' on compliance with the directive, urged…
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Climate Change
UK flood spend set to increase despite budget cut for DEFRA
Despite an 8% budget cut for the UK's Department for Environment, Food and Rural Affairs, announced in its governments spending review yesterday, investment in UK flood defences is set to…
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Association News
FERMA seminar & Presidents meeting-Let the people talk
FERMA held a very well attended seminar and President’s meeting in London at the end of September where most of the big topics currently driving the European risk and insurance…
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Climate Change
ELD to ‘bare its teeth’ in Hungarian toxic spillage
The disaster in Hungary, which has seen toxic sludge escape from a reservoir in the city of Ajka, should serve as a warning to companies with industrial operations in Europe…
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CRE Risk Management
German risk managers fear computer worm Stuxnet
German risk managers are alarmed over the emergence of a fresh IT threat in the form of the computer worm Stuxnet, which reportedly affected the control systems of the Iranian…
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Captives
No hard market on the horizon–Bowring Marsh
Global property and casualty rates show no sign of hardening and, barring a major loss, are expected to remain soft for the next twelve months, according to Nick Bacon, Chief…
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Captives
Captives use questioned by European companies
European companies are increasingly questioning the value of running a captive as they anticipate greater capital and time costs as a result of Solvency II and attempt to come to…
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CRE Risk Management
Risk spend poured into multi-billion dollar black hole?
In the aftermath of the global economic crisis, spending on risk is set to continue to rise as investors and stakeholders look to risk management spend as a measure of…
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CRE Insurance
P&I clubs weather stormy conditions
Barring any external factors of 'seismic proportions', market conditions are likely to restrict any general premium increase at the February 2011 P&I renewal to 5%, according to Aon’s P&I Mid-Term…
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Risk Frontiers
Welcome to the full listings of the roundtables that form part of CRE’s annual Risk Frontiers survey of Europe’s leading risk managers.
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Opportunity knocks-comment
The board of FERMA and Paul Taylor of AIRMIC and Morgan Crucible in particular, deserve a pat on the back for the launch of their new guide on the risk…
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Association News
Honisch heads running for DVS president
Jurand Honisch, Senior Vice President Corporate Risk Management & Insurance at Bertelsmann and a DVS board member, is being touted as the leading candidate to become President of the German…
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CRE Insurance
New dawn for credit insurance
Trade credit insurance has been on the front page over the last two years for all the wrong reasons. Huge losses in the market, limits culled, prices up, cover withdrawn…