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Insurance
South American political and economic risk assessment from Atradius
The economic environment in Brazil will remain challenging while in Chile, the business environment remains one of the best in the region and the government continues to stimulate foreign investment,…
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CRE Insurance
Generali opens German desk for mid-sized corporates
Generali Global Corporate & Commercial’s (GC&C) German operation has opened a German desk to specifically address the insurance risk needs of mid-sized companies. Opened in March last year, GC&C Germany…
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Captives
Barbados sees captive growth and OECD Global Forum recognition
Barbados has been ranked as ‘largely compliant’ by the Organisation for Economic Co-operation and Development’s (OECD) Global Forum, putting it on the same level as Austria, Germany, Hong Kong, the…
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Africa
Global reinsurance rates still falling says S&P
The global reinsurance market is continuing to see price falls, according to S&P Global Ratings. The ratings agency said it generally believes that the continuing pricing decline in the global…
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Asia
QBE’s emerging markets division sees increased claims
QBE has provided an update prior to its 2017 interim result being announced, which warns that its emerging markets division will report a first half combined operating ratio of around…
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CRE Insurance
Experts identify likely cyber terror targets
Transport and chemical plants are among the most attractive targets for cyber terrorists, although known terrorist groups are years away from launching sophisticated attacks, according to analysis from the Cambridge…
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GRM Insurance
Randall and Quilter to sell Lloyd’s managing agency to Coverys
R&Q Investment Holdings has agreed to sell the entire share capital of its Lloyd's managing agency, R&Q Managing Agency, to Coverys, the medical professional liability insurer based in Boston, Massachusetts.…
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CRE Insurance
Virgin Media warns customers over router hacking risk
Cable broadband provider Virgin Media has told 800,000 of its customers in the UK to change their passwords to protect against being hacked. The advice came after an investigation by…
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Africa
African cities must prepare for surge in populations
Researchers predict that in 2030, Lagos, Cairo and Kinshasa will each have to support more than 20 million people, while Luanda, Dar es Salaam and Johannesburg will have passed ten…
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Captives
Texas brings in improvements to its captive insurance law
Texas has enacted changes to the Texas Captive Insurance law through the passing of House Bill 1944. According to the Texas Captive Insurance Association, the new law authorises a Texas…
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CRE Insurance
UK government tackles compensation culture
New proposals by the UK government to crack down on fraudulent motor claims were announced yesterday as part of the Queen’s Speech to parliament. The Civil Liability Bill pledges to…
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CRE Insurance
Chaucer launches Dublin-based company to write international specialty business
Chaucer, the Lloyd’s insurer, has formed a new company in Ireland as a base for its European business. It said the Central Bank of Ireland has approved the formation of…
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Captives
Rated captives show strong Solvency II ratios, says Best
Reported Solvency II ratios, the ratio of Solvency II available capital to the Solvency Capital Requirement (SCR), are very strong for AM Best-rated European captives, ranging from approximately 160% to…
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Association News
Dutch risk and insurance community honours Eric Bloem on retirement
The great and the good of the Dutch risk management and insurance community turned up in strength on Tuesday evening (20 June) in Amsterdam for a leaving party for Eric…
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Africa
Chubb launches upgraded travel policy and app
Chubb has launched a newly enhanced corporate travel insurance policy and associated innovative technology solutions for corporate clients. It said the move is in response to the changing needs of…
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Executive & D&O
Arthur J Gallagher launches crime and management liability product
Arthur J Gallagher has introduced a combined management liability and crime insurance package aimed at private limited companies in the UK. Branded Definitive Crime and backed by A-rated capacity, the…
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GRM Insurance
BP Marsh backing US specialty broker startup
London-based private equity investor BP Marsh & Partners has invested $6m for a 35% stake in New York-based specialty lines insurance distribution startup, XPT Group. The group invested in XPT…
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Africa
Greatest Africa opportunity lies in infrastructure development
Infrastructure offers the greatest opportunity for investment in Africa, according to more than 230 delegates at Hogan Lovells’ fourth annual Africa Forum in London. Asked to share their ‘Vision 2025’,…
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Asia
Chinese stocks finally gain entry to MSCI index
China has taken a big step towards the economic mainstream after its stocks were accepted into the MSCI global benchmark equity index. China has been trying for more than three…
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Asia
One Belt One Road key to raising risk management standards in Asia: Parima
The One Belt One Road (OBOR) initiative, China’s ambitious development project designed to coordinate large infrastructure projects in China and place itself at the centre of global trade and construction,…