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CRE Insurance
Hiscox and Control Risks launch security risk insurance
Hiscox has teamed up with risk management consultancy Control Risks to unveil a new insurance policy for security risks including terrorism, bribery, extortion and industrial espionage. The Security Incident Response…
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CRE Insurance
AIG ratings under review ahead of reserve announcement
Rating agencies AM Best and Fitch have placed AIG’s financial strength ratings under review ahead of the company’s 2016 fourth quarter result statement, which is expected to reveal further adverse…
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CRE Insurance
Ransomware attacks forecast to double in 2017: Beazley
Data breaches handled by Beazley’s specialist response team increased by 56% last year to almost 2,000 and ransomware attacks were up by four times, according to Beazley Breach Insights. Beazley…
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Asia
S&P rates China P&C and life insurance markets
China's P&C and life insurance sectors have been rated as intermediate risk by S&P Global Ratings. S&P said its assessment reflects China’s moderate country risk, based on S&P’s view of…
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Analysis & Opinion
International Programmes: greater transparency and less complexity – is it possible?
Zurich Commercial Insurance, one of the global leaders in the international insurance space, explains the major challenges of its large global customers whose international property programme is placed all over…
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Africa
Struggle to protect patents in Africa
Contrary to real estate, intellectual property is more democratic: you do not need an amount of capital or goods to generate more capital, according to Vitor Palmeda Fidalgo, a patent and…
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Africa
African startups and innovators set for US$500,000 challenge from Ecobank
Pan-African bank Ecobank has launched Ecobank Fintech Challenge, a competition for African technology startups to build and deploy innovative fintech and banking solutions across the continent. Twenty finalists from the…
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CRE Insurance
Aon group president Steve McGill steps down
Steve McGill has left his post as group president of Aon after 10 years at the broker to “pursue new opportunities”. Effective immediately, his role will be shared between Eric…
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Captives
Aon launches captive model for cyber risks
Aon has launched a new captive solution for firms looking to transfer cyber risks with capacity of up to $400m. Aon said its Cyber Captive Program seeks to address many…
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Analysis & Opinion
What lies in store for 2017?
Risk managers, insurance buyers and insurers are continually grappling with the changing landscape of ongoing legislative and regulatory reform. Europe is no exception and has many legal changes ahead in…
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Energy
StarStone establishes MGA joint venture in Dubai
StarStone, the global specialty insurer and subsidiary of Enstar Group, has formed a joint venture partnership with Malakite Underwriting Partners, a managing general agent in Dubai. Malakite will target specialty…
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Africa
Chubb creates global accounts manager role for South Africa
Chubb has promoted Neil Beaumont, currently business development manager for South Africa, to the newly created role of global accounts manager for South Africa, as it continues to invest in…
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Asia
Coface upbeat despite political uncertainties weighing on trade
The rise of populism in Europe, uncertainties around Brexit and US President Donald Trump’s protectionist policies are some of the main threats to the global economy in 2017, according to…
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CRE Risk Management
UK fraud cases up 55% as ‘super frauds’ take hold
Cybercrime and ‘super frauds’ have caused a surge in the value of fraud prosecutions in UK courts to total £1.14bn in 2016, according to KPMG Forensic’s annual Fraud Barometer. This…
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Africa
Chubb appoints Dmitriev to drive emerging market growth
Nikolay Dmitriev, Chubb’s regional managing director for Russia, CIS and Turkey, is to take on the additional role of regional director of property and casualty for Eurasia and Africa. Chubb…
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Africa
Nigeria’s first recession since 1994 impacts rating
Fitch Ratings has revised the outlook on Nigeria's long-term foreign and local currency issuer default ratings (IDRs) to negative from stable and affirmed the IDRs at 'B+'. The issue ratings…
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Africa
More countries dropping down global Corruption Perceptions Index
Of the 176 countries on the Corruption Perceptions Index 2016, 69% scored below 50, on a scale from 0 (perceived to be highly corrupt) to 100 (perceived to be very clean), exposing…
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CRE Insurance
Beazley appoints data breach underwriter
Beazley has appointed Monica Tigleanu as underwriter of data breach and information security risks for US firms. Based in London, Ms Tigleanu adds to Beazley’s data breach underwriting expertise, established…
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CRE Risk Management
CETA deal set to boost EU-Canada trade from April
European risk managers concerned by protectionism and potential loss of access to markets in the changing political climate will welcome a new trade agreement between the European Union and Canada…
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Africa
Mobile-enabled microinsurance for Uganda
Two South African companies, MTN and MMI Holdings, have launched mobile-enabled microinsurance products in Uganda in a move expected to increase insurance penetration in the country and set the pace…