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CRE Insurance
Expect tough line from Zurich as Senn vows to fix ‘clearly identified challenges’ in Global Corporate
Europe's risk and insurance managers can expect a tougher line from Zurich Global Corporate in coming months as group CEO Martin Senn gave further details this week of plans to…
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CRE Insurance
UK to introduce damages for late claims payment
Commercial policyholders in the UK will likely soon be entitled to damages for late payment of insurance claims under a surprise addition to the Enterprise Bill.
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CRE Insurance
Mounting Volkswagen scandal highlights lack of reputation risk solutions
The scandal that has engulfed Volkswagen over masked pollution emissions has brought into sharp focus the potential for reputation damage and the lack of insurance solutions to mitigate its consequences.
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CRE Insurance
UK’s Rehabilitation Code updated
The International Underwriting Association (IUA) and the Association of British Insurers (ABI) has published a new and updated version of the Rehabilitation Code to help the UK insurance and risk…
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CRE Insurance
Global and European insolvency outlook deteriorates: Atradius
Although the number of global and eurozone insolvencies is still predicted to fall in the year ahead, the outlook has deteriorated, according to trade credit insurer Atradius.
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CRE Insurance
Engineering insurers must better tackle political risk: claims protocol published–IMIA
The International Association of Engineering Insurers (IMIA) has warned that growing political and economic unrest is leaving its members exposed and urged them to better get to grips with strike,…
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CRE Insurance
Inclusion@Lloyd’s Dive In festival calls on insurance industry to embrace diversity
Speaking on the opening day of the Inclusion@Lloyd's Dive In festival this week Nicolas Aubert, CEO of Willis GB, called on the insurance industry to embrace diversity and promote meritocracy.
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CRE Risk Management
Risk professionals hold upper hand as demand jumps 44% in City of London
There has been a huge leap in the number of permanent risk roles in the City of London and a subsequent skills shortage, leaving risk professionals in a strong position.
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CRE Insurance
ACE launches $100m global cyber solution with integrated risk management solutions
ACE has launched a global cyber facility with up to $100m of primary capacity and integrated risk management solutions.
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CRE Insurance
London Market Group reveals plan to tackle emerging risks, innovation and relevance
The London Market Group (LMG), which represents London's underwriting and broking community, this week announced that it wil create a single electronic placement service by the end of this year,…
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CRE Insurance
Corporate round-up
ACE set to name Juan Andrade as head of international non-life and Argo joins ORIC International to boost op risk data pool.
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CRE Insurance
Risk managers fear hard ride as Zurich posts $300m reserve addition and cancels RSA bid
Zurich's announcement at the start of this week that discussions have been terminated over a potential acquisition of RSA partly because of the need for a $300m reserve addition for…
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CRE Insurance
Risk management influence rising but professionalism needed to take next step, finds ACE survey
A new survey by ACE finds that European risk managers believe their influence has increased over recent years but suggests that the industry must boost its professionalism in order to…
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Association News
AMRAE’s Barometer finds ERM is on the march
French risk managers are increasingly in charge of implementing broader ERM programmes rather than dealing only with insurance and loss prevention, according to a survey by the country's risk management…
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CRE Insurance
Amtrak becomes latest corporate to buy cat bond
US transport company Amtrak has sponsored its first catastrophe bond, suggesting that securitisations are becoming more attractive to corporates, particularly for difficult risks like storm surge and business interruption.
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CRE Insurance
Insurers urged to help define cyber risk before selling cover
Despite improvements to cyber cover, leading Nordic risk managers are concerned that insurance policies may not provide adequate protection, primarily because of a lack of understanding about the nature of…
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Association News
Ferma names three new vice-presidents among new executive committee
Ferma has announced a new executive committee, including three new-vice presidents, ahead of its 2015 Risk Management Forum in early October.
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CRE Insurance
Lloyd’s consortium adds $60m to non-US data breach market
A new Lloyd's consortium this week has added a sizable $60m to the cyber data breach market outside of the US.
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CRE Insurance
Corporate round-up
AGCS promotes Kirwan to UK CEO, AIG launches expat healthcare solution for UK firms and ACE names SME marine manager for Europe.
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CRE Insurance
‘Smart factories’ to revolutionise risk landscape and demand new approach from insurers
The technology-driven industrial revolution and 'smart factories' are set to change industrial risks, requiring insurers to work in partnership with clients and other stakeholders to create new solutions, according to…