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Asia
Captive growth accelerating in Asia Pacific despite continued soft market
The Asia Pacific captive market is expected to grow rapidly in the near future as companies across the region wake up to the cost savings and risk management gains that…
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Asia
Path open for Lloyd’s to set up branch in India
Lloyd's, the London-based specialist insurance and reinsurance market, this week welcomed the publication of draft regulations by the Indian insurance regulator that would enable the market to set up a…
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CRE Risk Management
Rise to prominence of CROs sees LMA set up new committee
The growing importance of chief risk officers in the insurance industry has seen the Lloyd's Market Association (LMA) set up a new committee to represent this crucial group.
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CRE Insurance
Industry and politics need to unite to fight cyber risk, state pools not the answer: Jeworrek
The insurance industry needs to significantly upgrade its knowledge and skills in the cyber risk field and work more closely and transparently with industry and policymakers to tackle this fast-rising…
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CRE Insurance
Metrojet Egyptian loss unlikely to turn aviation market
The loss of Metrojet flight KGL9268 over the Sinai desert in Egypt is unlikely to halt softening in the aviation insurance market, although the incident has raised concerns over security…
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CRE Insurance
Song remains the same: no sign of end to soft market
Further good news for European and international risk and insurance managers came with the third quarter 2015 results published in recent weeks by the leading corporate insurers.
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CRE Insurance
Europe’s insurers juggling regulation, interest rates and expansion
European insurers are having to juggle increased regulatory pressure, the low interest rate environment and expansion into emerging markets, according to a recent briefing held in London by AM Best.
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CRE Insurance
Globalisation and industrialisation of fast food creating rising risk to health
Chipotle Mexican Grill reopened 43 restaurants in Washington and Oregon in the US this week after they were temporarily closed because more than 40 customers contracted E. coli after eating…
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CRE Insurance
Buyers warned about the risks of alternative capital
Buyers should be cautious of alternative capital products, such as catastrophe bonds and collateralised vehicles, which are largely untested and where contracts do not allow for ex gratia payments, according…
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CRE Insurance
LMA creates CRO committee as function gains popularity
The Lloyd’s Market Association (LMA) has created a new committee of Chief Risk Officers (CRO) to promote the “efficient operation and the very highest technical standards” in risk management for…
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CRE Insurance
Zurich vows not big reserving problems, will quickly fix bad apples and be ‘back on track’ in 2016
Zurich has not enjoyed a great year so far and group CEO Martin Senn was forced to report a $200m loss for the third quarter of this year on the…
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CRE Insurance
Swiss Re kicks off CHF1bn share buy-back as ‘challenging’ conditions continue
The likely persistence of the soft market in reinsurance and primary markets in Europe and worldwide into 2016 was firmly underlined by the news this week that Swiss Re has…
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CRE Insurance
HDI-Gerling results underline reason for focus on Asia and wider international growth
Talanx Group – the Hannover, Germany-based parent of industrial insurance group HDI-Gerling – confirmed this week exactly why it is rebranding itself as HDI Global and ramping up its international…
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Europe
European Risk Frontiers 2015
We bring you this year’s European Risk Frontiers survey, our annual flagship poll of risk managers from across Europe that we have carried out since the launch of Commercial Risk…
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Africa
Cyber risk no longer an emerging risk but here to stay, risk managers believe
Cybercrime needs to rise yet further up the risk management agenda if businesses are to cope with the threat, according to cyber specialists across the world.
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Africa
Kenya insurers prefer government securities
Government securities in the form of treasury bills and bonds remained the favoured investment choice for Kenyan insurance companies in the year 2014, according to the just released Insurance Regulatory…
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Africa
Zimbabwe remains near top of political risk territories in worldwide survey
Zimbabwe is among countries topping a list of 40 politically risky territories and destinations for foreign investment, according to data released by Willis Group Holdings. The findings appear in the…
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Africa
Moves to bring back insurance to Somalia
A new drive has been launched to re-establish a functioning insurance sector in Somalia.
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Africa
New technology could drive new risk management techniques
Accumulations of liability risk have the potential to send shockwaves through the insurance industry and are one of the most complex exposure management challenges faced by insurers. A new report,…
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Africa
Allianz expands footprint in Africa
Allianz has taken a further step in its growth strategy in Africa, launching operations in Kenya and making it the 12th country where Allianz Africa is present. Allianz already operates…