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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…
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Asia
Economic risks are main concern for Asian business leaders: WEF
Energy price shocks and asset bubbles were identified by business leaders in the east Asia and Pacific region as the main concerns when doing business, according to the World Economic…
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Parima steps up efforts to sort out global programmes
The Pan-Asia Risk and Insurance Management Association (Parima) has made significant steps forward in its goal to help Asia Pacific risk managers manage their cross-border insurance programmes more effectively by…
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Asia
Maag takes over AIG Asia Pacific as battle with Icahn hots up
Seraina Maag is the new ultimate boss of AIG’s Asia Pacific business as she takes on an expanded role as chief executive officer (CEO) of regional management and operations.
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Asia
Indonesia adopts OECD’s revised corporate governance principles
The Indonesian Financial Services Authority (OJK) has announced that it will adopt the Organisation for Economic Co-operation and Development’s (OECD) new G20/OECD Principles of Corporate Governance.
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Asian insurance market outlook robust despite rising headwinds: Swiss Re
The economic outlook for Asia is moderate growth and mild inflationary pressure; interest rates will stay low but there is limited room for further easing and exchange rate volatility will…
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Asia
Ironshore launches Lloyd’s operation in Shanghai as Fosun chairman re-emerges
Ironshore International, the global property and casualty insurance and reinsurance group recently acquired by Chinese investment group Fosun, has announced that its subsidiary, Pembroke Managing Agency, will set up an…
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Asia
ACR considers future of ReTakaful operation following rating move
ACR Capital Holdings (ACR) has revealed that it is working closely with fellow shareholders of ACR ReTakaful Holdings to “map out” the future of the company and its operating entities—ACR…
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Malaysia’s first homegrown reinsurance broker gains approval from Lloyd’s
The Labuan International Business and Financial Centre (IBFC) has announced that it is pleased to be home to Malaysia’s first Lloyd’s-registered reinsurance broker. AFR Asia Pacific received approval from Lloyd’s…
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Asia
Cyber and natural catastrophe risks top agenda in Singapore for 2016
Cyber and natural catastrophe risk will be a big focus for the Singapore risk and insurance market in 2016 as the Monetary Authority of Singapore (MAS) sharpens up its rules…