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Africa
Low-priced insurance: a game changer in small-scale farming
The continued growth of microinsurance in Kenya is helping everyone from small-scale farmers to motorcycle taxi drivers. Steve Mbogo takes a look at an ever-expanding new market.
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CRE Insurance
Icahn plans board coup to force AIG break up
On the day that AIG announced a detailed plan to cut costs and raise profitability, activist investor Carl Icahn announced a bid to force his way onto the board and…
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CRE Insurance
Zurich set to toughen stance at renewals: Charon says “business as usual” in France
French and european risk and insurance managers need to prepare for a tougher stance from Zurich Global Corporate at renewals, as it deals with recent large losses.
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AMRAE rallies troops in war on risk
Opening the 24th Rencontres de l’Association pour le Management des Risques et des Assurances de l’Entreprise (AMRAE) in Lille, the association’s president Brigitte Bouquot invoked a Napoleonic motto to encourage…
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Captives
OECD tax rules pose biggest threat to captives, says expert
New organisation for Economic Co-operation and Development (OECD)-driven tax rules could cause havoc for captives and force some out of existence, according to a leading expert.
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Association News
Risk associations set to sway cyber debate
The Federation of European Risk Management Associations (Ferma) and French risk management body, Association pour le Management des Risques et des Assurances de l’Entreprise (AMRAE), are both stepping up their…
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CRE Insurance
XL delivers “solid” yearly results
Mike McGavick, chief executive officer of XL Group, believes his firm delivered "solid" 2015 results in a "tough" market as the group reported its first set of combined figures this…
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CRE Insurance
Munich Re shrugs off man-made losses to post decent results
Reserve releases and fewer major catastrophes have helped Munich Re post strong profits in 2015, although man-made losses continued to rise.
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Association News
Buyers warned of insurer instability
Former Association pour le Management des Risques et des Assurances de l’Entreprise (AMRAE) president Thierry van Santen has warned risk managers to keep a close eye on their insurance carriers…
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Association News
Kessler urges nation states to hire risk managers
Risk managers play a central role within companies and should enjoy an equally prominent position within nation states, according to Denis Kessler, chairman and chief executive officer (CEO) of France-based…
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CRE Insurance
Pirates still at large despite progress on hijackings: IMB
Levels of piracy and armed robbery on the world's seas remain close to those in 2014, despite reductions in the number of ships hijacked and crew captured, according to the…
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CRE Insurance
Exposures could cost French cities $24bn, claims Lloyd’s
Five of france’s largest cities are exposed to natural and environmental risks that amount to some $24bn of gross domestic product (GDP), Lloyd’s has estimated.
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CRE Risk Management
French firms urged to take more risks
France’s main business association, the Mouvement des entreprises de France (Medef), has urged its country’s companies to change their culture in order to take more risks and boost their position…
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CRE Insurance
AIG draws on experts to dismiss Icahn’s case for breakup
AIG has moved firmly onto the front foot in its efforts to persuade shareholders not to back the plan concocted by activist investor Carl Icahn to force his way onto…
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Association News
Former AMRAE man brings risk insight to AXA Matrix
The AXA Group has hired one of France’s leading risk managers and former Association pour le Management des Risques et des Assurances de l’Entreprise (AMRAE) board member, Laurent Barbagli, to…
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Captives
Softer landing for captives under Solvency II than market feared
There was concern that Solvency II, which came into force this January, would hit captives hard but its initial impact appears to have been muted and, so far, the worst…
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CRE Insurance
Cyber products roundup
Marsh launches cyber excess facility to help stabilise market, Swiss Re introduces ‘advanced’ French cyber solution, Zurich brings DigitalResolve to cyber stable and Chubb adds risk management services to cyber…
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CRE Insurance
Supporting employees in a post-terror environment
French companies have been on a steep learning curve following the terrorist attacks on Paris last year. One issue they have had to deal with is helping employees cope with…
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Association News
Climate change in focus at Rencontres de l’Amrae
Climate change tops the agenda at the rencontres de l’Amrae this month as the French risk management association tackles a range of weather-related issues affecting companies’ activities.
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Increasingly interconnected threats offer profession risk and reward: AMRAE president
Risk managers must prepare themselves for a world in which extreme risks are increasingly interconnected, warns Association pour le Management des Risques et des Assurances de l’Entreprise (Amrae) president Brigitte…