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Association News
Ferma explains pros and cons of forthcoming EU data protection rules
Ferma welcomes the risk-based approach to data protection in forthcoming EU regulation, but is concerned that parts of the rules could stifle innovation and definitions of high-risk activities are too…
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CRE Insurance
Marsh names former AIG exec John Q Doyle as president
Marsh has named ex-AIG exec John Q Doyle as its new president.
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CRE Insurance
EC tightens tax avoidance rules further with CBCR deal
The European Commission (EC) this week welcomed political agreement by member states on the automatic exchange of tax-related financial information of multinational companies, known as country-by-country reporting (CBCR).
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CRE Insurance
Globalisation and use of third parties fuels bribery and corruption fears: Kroll
As a result of ongoing global expansion and an ever-increasing number of third party business relationships, companies feel their exposure to bribery and corruption risk is on the rise, according…
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CRE Insurance
New figures reveal big increase in hacking and malware data attacks
There has been a "sharp" increase in data breaches caused by hacking and malware, according to figures from Beazley. The healthcare, higher education and financial services sectors are most at…
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Aviation
Keeping up with technology biggest risk for airline sector: Willis
Inability to keep up with the pace of technological change is the number one risk for airlines, according to the preliminary findings of a survey of senior executives in the…
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CRE Insurance
Corporate round-up
AGCS appoints Elke Vagenende as head of market management UK and Charles Taylor names O'Neil head of Middle East.
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Africa
Regulators urge local and international insurance players to up their game
International insurers are not doing enough to help local markets when they come to some African countries, according to commissioner for insurance Mohammed Kari, of Nigeria's National Insurance Commission. But…
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Africa
Exchange rate and political risk still head major concerns for risk managers
Risk managers across Africa, together with those attending Commercial Risk Africa’s Risk Frontiers Sub Saharan Africa event in London, fear political risks are continuing to rise again this year.
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Africa
SSA commercial borrowing to decrease as investment opportunity is realised
The 18 publicly rated Sub Saharan African sovereigns will borrow an equivalent of $37bn from long-term commercial sources in 2016, states Standard & Poor’s (S&P) in a report published recently.
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Africa
Mining, oil and gas facing tough times across Africa
Two major sectors for African business face tough times ahead, according to new reports from EY.
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Africa
Virtual data rooms raise cyber security consciousness
The increasing use of virtual data rooms to facilitate merger and acquisition (M&A) deals in Africa is driving investments in cyber security and the protection of confidential data, new research…
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Africa
CPD available through Commercial Risk Africa
Commercial Risk Africa has launched continuing professional development (CPD) opportunities for southern Africa readers.
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Africa
News in brief
Continental Re alters share structure, Online insurance move, New Shariah-compliant PV product, M-Pesa spreads worldwide, New office for Charles Taylor, New head of financial lines at Ace and Allianz has…
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Africa
Sharing the burden of responsibility
A problem shared is a problem halved, as the saying goes, and it seems that is true wherever in the world you are and whether it’s a personal issue or…
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Africa
Africa set for continent-wide insurance explosion: Mermoux
Demand for insurance is set to explode across the continent, according to Geraldine Mermoux, associate general manager of FINACTU Group.
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Africa
Kenyan agents rue introduction of bancassurance
Insurance agents in Kenya continue to bemoan the introduction of bancassurance, saying it is driving agents out of business and has triggered insurers to review commissions, plus they accuse the…
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Africa
Casserley: Multi-strike approach needed to tackle cyber risks
A multi-dimensional approach is needed to tackle cyber security risk, according to broker Willis Towers Watson.
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Africa
Warning for risk managers on onerous new tax rules
Transfer pricing documentation for large taxpayers will soon be compulsory, rather than simply preferred best practice in South Africa. However, the additional record-keeping requirements proposed by the South African Revenue…
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Africa
GIC Re South Africa gears up for African growth
GIC Re South Africa unveiled its expansion plans for Sub Saharan Africa, as well as a new global chairperson, at a press conference in Cape Town last month.