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CRE Insurance
New technology partners with insurance to deliver risk solutions
The final 10 start-up companies promising new technology to improve risk management and insurance have been selected for the Startupbootcamp 2017 programme.
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CRE Insurance
Trade outlook deteriorates in new political climate
Uncertainty created by the UK's vote to leave the European Union and protectionist measures expected under Donald Trump's US Presidency are adding pressure to trade growth, according to specialist insurer…
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CRE Risk Management
Private firms could fall under UK Corporate Governance Code as consultation launched
The UK government is seeking views on how to improve corporate governance and is considering extending its current standards and regime for public firms to large privately owned companies. It…
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CRE Insurance
P&I clubs urged to reduce insurance costs for ship owners
Ahead of the annual P&I renewal in February, brokers are calling on protection and indemnity (P&I) clubs to support the struggling shipping industry by reducing the cost of insurance.
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Association News
UK risk and insurance managers’ pay falls, finds Airmic survey
The average pay of UK risk and insurance managers has fallen over the last two years across nearly all age groups, according to Airmic's latest member survey.
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BI
Extortion attacks top cybercrime claims
Risk managers are warned that extortion has become the biggest cyber threat.
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CRE Risk Management
Latin America riskiest region for violent crime
The Latin American region carries the highest risk of violent crime, according to Verisk Maplecroft's Criminality Index.
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CRE Risk Management
Executive liability rising, warns AGCS
Company boards and executives are increasingly at risk from new liabilities and an anti-corporate litigation culture, warns Allianz Global Corporate & Specialty (AGCS) in a new report.
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Asia
Non-life premium growth braced for two-year dip: Swiss Re
Non-life insurers will have to wait until 2018 to see an upturn in premium growth, according to Swiss Re's Global Insurance Review and Outlook.
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Aviation
Corporate roundup
Software launched for global insurance programmes, AXIS expands aviation book with Aviabel purchase, Willis Re promotes Kent to deputy CEO, Markel and J H Blades form underwriting partnership and Law…
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Climate Change
Asbestos loss estimate increases to $100bn: AM Best
US asbestos losses will cost $15bn more than previously thought, AM Best said this week.
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CRE Insurance
UK insurers lobby Brexit negotiations
The London company insurance market said Brexit negotiations must maintain the City's competitive position in the global industry and not impede the level playing field for UK-based companies.
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Benelux
Generali to review operations in up to 15 markets
Global insurer Generali is reviewing its presence in up to 15 countries and wants to raise at least €1bn by selling off businesses in unattractive markets.
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Association News
Buyers and sellers bemoan 2% UK IPT rise amid fears of more to come
Insurance buyers and their risk transfer partners have criticised the UK government's decision to raise Insurance Premium Tax (IPT) to 12%, which means the rate will have doubled in less…
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CRE Insurance
Big insurers insist cost and efficiency drives are no threat to service levels
News of restructuring and job losses at large insurers is an obvious worry for risk managers, but leading insurers argue they are working behind the scenes to deliver better service…
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CRE Insurance
Political contagion a key risk for Europe: Swiss Re
Economists at Swiss Re have highlighted the risk of political contagion in Europe and growing protectionism, while predicting a slight increase in global economic growth in 2017.
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CRE Risk Management
Concern over European business travel risk jumps
Concern over business travel security risks has been growing fastest among European corporates but may be overplayed, according to research from assistance provider International SOS.
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CRE Insurance
London takes major step towards becoming ILS centre
The UK government has announced draft regulations and a tax framework for its Insurance-Linked Securities (ILS) proposals that aim to make London a global hub for the risk transfer instruments.…
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CRE Insurance
New Zealand quake losses of up to $3.5bn “material”
Insured losses from the earthquake that struck New Zealand's South Island last week will range between $3.5bn and $762m, according to estimates from cat modelling firm AIR Worldwide.
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CRE Insurance
Cyber defences exposing business to attack: survey
Businesses around the world have failed to improve their cyber defences over the past two years, according to research from IBM's Resilient and Ponemon Institute.