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Association News
RIMS survey uncovers ‘unacceptable’ disruptive technology risk management
Risk managers need to increase their understanding of disruptive technologies and related threats, finds a joint survey by RIMS and Marsh. It reveals that the majority (55%) of risk managers…
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CRE Legal Regulation
Trump orders review of ‘systemically important financial institutions’ process
The US President, Donald Trump, has told the Treasury to put a temporary ban on identifying non-bank financial companies as “systemically important” and to review the whole process. Currently, two…
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Global Risk Manager
Very high level of global interest in forming captives in next five years, finds Aon survey
Organisations have reported a very high level of interest in forming a new captive or protected cell company (PCC) in the next five years, especially in North America, Asia Pacific…
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BI
Aon’s flagship survey reveals ‘worrisome’ fall in preparedness for leading risks
European companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at an all time low, according to Aon’s 2017 Global Risk…
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Aviation
AWAC to offer drone training to its clients
Clients of Swiss-based specialty insurer Allied World Assurance Company Holdings (AWAC) in the US can now get help with deploying their own drones. AWAC has announced that it is expanding…
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CRE Insurance
Alternus brings alternative capital to primary market
The Schinnerer Group has brought the first dedicated commercial insurance solution backed by alternative capital to market for retail clients in the US. The Alternus solution, launched by The Schinnerer…
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Africa
US forces warn Somali piracy resurgence driven by famine
Risk managers involved in the marine sector and those with goods transiting the Horn of Africa have been warned famine is fuelling a resurgence in Somali piracy activity. Last week…
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Africa
Ivory Coast joins ATI member countries
Ivory Coast has joined the African Trade Insurance Agency (ATI) in a bid to reach emerging country status by 2020. ATI is a multilateral investment insurer whose specialised investment and…
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GRM Insurance
Barbican launches quote-and-bind portal for DUA business
Specialty insurer Barbican Insurance Group has implemented what it said is a pioneering new policy quote-and-bind portal, which will significantly improve its ability to bind new business via selected distribution…
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Africa
Last week for your chance of winning a trip to Europe
This is the final week to take part in the annual Risk Frontiers Africa 2017 survey of risk managers across Sub Saharan Africa. So don't miss out. Remember all submitted surveys…
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CRE Insurance
Munich Re and Beazley launch $100m cyber risk transfer option
Munich Re and Beazley have launched a cyber risk transfer option that offers up to $100m of capacity to large global corporates for a range of first-party and third-party exposures.…
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CRE Insurance
Duperreault reportedly in running to become new AIG CEO
Former ACE chief Brian Duperreault is being considered as the new CEO of AIG, according to media reports. Citing sources close to AIG’s board, which is in the process of…
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Analysis & Opinion
A spotlight on global solutions for employee benefits
More and more large multinationals are realising that there is a significant opportunity to optimise their global employee benefits arrangements by structuring and managing their local benefit plans more holistically.…
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Aviation
City watchdog raids aviation brokers in antitrust probe
The Financial Conduct Authority (FCA) has launched an antitrust investigation into the aviation insurance broking sector. The Financial Times said last week that the City watchdog had made dawn raids…
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CRE Legal Regulation
DAS LawAssist extends ATE cover to IP and construction disputes
The after-the-event insurance division of the DAS UK Group has extended the cover of its civil and commercial litigation product to include intellectual property and construction disputes. Enrique Gomez, head…
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Asia
Hong Kong-listed Chinese P&C insurers see profits drop and slower premium growth
Hong-Kong listed Chinese property and casualty (P&C) insurers saw a deterioration in profits in 2016, according to Moody’s Investors Service. The ratings agency said listed P&C insurers saw profits drop…
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Global Risk Manager
Soft market conditions still favouring North American insurance buyers
North American insurance buyers can expect a favourable and stable commercial insurance market, despite potential changes from Washington, DC, which could alter marketplace dynamics that have sustained prolonged soft market…
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CRE People Moves
Willis Towers Watson reshuffles global FINEX senior management
Willis Towers Watson has announced a series of senior appointments across its global FINEX business – the company’s financial, executive and professional risk specialty group, part of its corporate risk…
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Global Risk Manager
Uptick in M&A insurance claims as big deals go sour
The frequency and severity of M&A insurance claims is growing, according to AIG, one of the largest writers of representation and warranty (R&W) insurance globally. Large deals are proving to…
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CRE Insurance
Fed fines Deutsche Bank $156.6m for FX and other violations
The US Federal Reserve has fined Deutsche Bank $156.6m in civil penalties for foreign exchange (FX) misdemeanours and failing to adhere to speculative investment Volcker rules. Deutsche Bank will have…