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CRE Insurance
Cyber set to become number one purchase for corporates
Cyber insurance is likely to become the single most important insurance purchase for most large corporates, according to Lucien Mounier, a cyber underwriter at Lloyd’s insurer Beazley. He predicts that…
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CRE Insurance
Spreading the risk management word
QBE has a focus on the middle market in France and the rest of Europe. Commercial Risk Europe editor Adrian Ladbury asked Renaud de Pressigny, the insurer’s general manager for…
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Asia
Allied World fast-tracks towards truly global player status
Commercial Risk Europe editor Adrian Ladbury discussed the state of the insurance market with Enrico Bertagna, senior vice-president of business development at Allied World, during the recent AMRAE conference in…
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CRE Insurance
Watch those accumulations or profits will be damaged: Puls
The vast majority of international insurers have done surprisingly well to deliver reasonable profits to investors during the stubbornly soft and hyper competitive market of the past few years. Admittedly,…
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Africa
Revitalising Ghanaian forests should deliver sound investment opportunities
The African Development Bank (AfDB) and Climate Investment Funds’ Forest Investment Program (CIF FIP), have signed a US$24 million loan agreement with Form Ghana, to launch an innovative project on public-private…
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Africa
Major new solar project in Mali gets funding boost
The African Development Bank (AfDB) has approved a senior concessional loan of $25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant. It…
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CRE Insurance
Pool Re reinsurance renewal increases limit to £2bn
Pool Re, the UK government-backed mutual terrorism reinsurer, has increased its commercial reinsurance cover to £2bn, compared with the £1.95bn of cover previously in place. The placement further distances Her…
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CRE Legal Regulation
Activities-based approach to IAIS’ systemic risk assessment
The International Association of Insurance Supervisors (IAIS) is to develop an activities-based approach to systemic risk assessment in the insurance sector, as part of its review of systemic risk assessment…
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Insurance
P&I Clubs face testing time ahead – AM Best
Intense competition in the marine protection and indemnity (P&I) sector is keeping insurance pricing down for ship owners, according to a report from AM Best. Historically, P&I clubs have been…
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CRE Insurance
Chubb strengthens UK & Ireland team
Chubb has created two new senior management roles for its UK and Ireland operations. Sara Mitchell is named head of the unit’s corporate division and Mark Roberts will become property…
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CRE Insurance
Arc Legal launches online tax insurance cover
Legal expenses insurer Arc Legal Assistance has launched a range of insurance products, including captive solutions, for accountancy firms to cover client tax investigations. Tailored to suit both large and…
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Africa
Risk managers need growing awareness of denial of service attacks
Distributed denial of service (DDoS) attacks continue to evolve at an alarming rate, causing major concern for CIOs, CSOs and CEOs across South Africa, according to cyber security experts. Bryan…
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Africa
Marine insurance faces skills shortage challenge
The biggest challenge facing the marine insurance industry today is the lack of skills, according to one South African underwriter. Adriaan Bester, manager: marine, Lion of Africa Insurance, warned: “There…
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Africa
South Africa’s Jonathan Dixon to head global regulatory body
The International Association of Insurance Supervisors (IAIS) has appointed Jonathan Dixon as successor to long-time secretary general Yoshihiro Kawai. Mr Dixon will become secretary general following the IAIS Annual Confe...…
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Analysis & Opinion
Assessing natural catastrophe exposures in global programmes
Natural catastrophe risk is one of the biggest exposures that societies and businesses face today. And as companies expand globally into new territories, this risk can increase in importance. For…
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Insurance
Hurricane risk mounts in northeast US and Canada: JLT Re
Northeast US and parts of Canada face growing hurricane risk, according to JLT Re. Speaking at the Reinsurance Association of America’s (RAA) Cat Risk Management 2017 conference, JLT Re’s Josh…
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Africa
Ethiopia dam attack attempt not viable threat but indicates increased terrorism risk
A planned attack against Ethiopia's Grand Renaissance Dam (GRD) hydroelectric project was thwarted by security forces on 1 March, according to an Ethiopia government spokesperson. Jordan Anderson, country risk analyst,…
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Africa
138 million Nigerians do not trust insurance
The level of mistrust of insurance in Nigeria is sky high, according to a new survey that reveals 138 million out of the 190 million-plus population do not trust that…
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CRE Insurance
New blockchain technology trialled to improve London market claims
A new blockchain prototype has been developed for the London market, which promises to speed up the claims processes and reduce costs. Developed for the London Market Target Operating Model,…
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Association News
Google’s Loren Nichol wins RIMS risk manager award
Loren Nichol, director of business risk and insurance at Google, has been named the 2017 RIMS Risk Manager of the Year. RIMS said Mr Nichol, who joined Google in 2015,…