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CRE Insurance
Generali to exit less profitable markets
In an update on its strategic plan, Generali has said that it will focus on markets where it is technically strong, efficient and profitable, and exit from less profitable markets.…
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CRE Legal Regulation
FiscalReps launches premium tax database and software
FiscalReps has launched TAXBOX2, a global premium tax database and software aimed at multinational insurance companies and anyone working with international insurance programmes. TAXBOX2 simplifies the preparation of premi... Want…
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Asia
Moody’s on overseas acquisitions by Japanese and Chinese insurers
The surge in overseas acquisitions by Japanese and Chinese insurers reflects the respective dynamics of these two markets, and is raising diverging credit risk, according to Moody's Investors Service. The…
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Europe
Xmas wish list and New Year predictions
Just a few days to go until the holiday season (who thought it was a good idea to have the renewal season and the holiday season at the same time?).…
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CRE Insurance
Populist surge signals big change in political risk
The rise in populist politics and nationalism is adding a new and worrying dimension to already heightened political risk, with implications for trade and supply chains, according to consultants, brokers…
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Annual renewal hinders wider solutions, say risk managers
Risk managers have urged insurers to deliver multiyear insurance contracts, so that they can stop wasting time on annual renewals and get on with the job of mitigating the increasingly…
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CRE Insurance
Buyers warned to expect exclusions for cyber as regulatory pressure grows
Last month’s move by the UK’s regulator to force insurers to get a grip on their cyber exposures is likely to lead to more exclusions in traditional policies. In November,…
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Association News
Laukkala named European Risk Manager of the Year by CRE and Ferma
Heljo Laukkala, vice-president, corporate risk management at Metso Corporation, the Finland-based international industrial services company, was named European Risk Manager of the Year at the first European Risk Management Aw...…
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CRE Insurance
K&R emerges as broader crisis solution
With changes in the geo-political landscape, kidnap and ransom (K&R) insurance is morphing into a much broader crisis management solution for corporates. Demand for K&R insurance has grown, while the…
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CRE Insurance
‘Most challenging’ market conditions unlikely to ease for insurers: Kendrick
There is little prospect of a change in commercial insurance market dynamics anytime soon, despite the fact the rating environment is tougher than ever for insurers, argued Andrew Kendrick, senior…
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CRE Insurance
BHSI offering stability to risk managers in volatile market
As many international corporate and commercial insurers struggle to find a way to make a decent return and deliver growth, Berkshire Hathaway Specialty Insurance seems to be able to buck…
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CRE People Moves
Nash heads up Guy Carpenter’s new international unit
Guy Carpenter has appointed its first president of international business after bringing together its non-US operations under a single unit. James Nash, currently head of Guy Carpenter's Asia Pacific operations,…
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CRE Insurance
Yahoo suffers largest ever cyber data breach
Yahoo has been hit by the biggest cyber data breach in history with the details of over 1 billion account users compromised in an attack dating back to August 2013.
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CRE Insurance
Lloyd’s to reveal Brexit plan ‘early next year’
Lloyd's will share its plans to change structure and potentially create a subsidiary within the EU to protect its European trading rights post Brexit 'early next year', according to a…
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CRE Insurance
Some reinsurers won’t stay the course as outlook remains negative: AM Best
The rating outlook for the global reinsurance sector has been held at negative by AM Best. The operating environment is "concerning" despite signs that rates are bottoming out, it added.
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CRE Insurance
US commercial rates remain flat, says Willis Towers Watson
US commercial insurance prices remained flat during the third quarter of this year, according to Willis Towers Watson's pricing survey.
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CRE Insurance
France forecast to win Brexit business in 2017
France could emerge as a strong insurance centre in 2017 following efforts to attract new subsidiaries looking for a European base outside the UK post Brexit, according to predictions for…
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CRE Insurance
IRM appoints new chair and board
Nicola Crawford has been appointed chair of the Institute of Risk Management (IRM), taking over the reins from Jose Morago following his two-year term in the post.
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CRE Insurance
Insurers want transitional deal to avoid worst Brexit risks
Insurers and others in the wider business community are calling for transitional measures to avoid some of the biggest Brexit risks.
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CRE Insurance
Bermuda hits back at Oxfam tax dodging claim
The Bermudan government reacted with indignation to a report published this week by charity Oxfam that identifies it as the world's number one tax dodging jurisdiction.