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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…
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CRE Insurance
Insured losses for Chilean earthquake up to $900m estimates AIR
AIR Worldwide estimates that insured losses from the earthquake that struck Chile last week will be between $900m and $600m.
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CRE Insurance
M&A mega deals set to continue as market landscape irrevocably shifts
Mergers and acquisitions (M&As) in the insurance and reinsurance sector are predicted to continue into 2016 as a lack of organic growth and market conditions put the risk transfer industry…
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Association News
Airmic CEO says claims disputes are ‘market failure’
Airmic CEO john Hurrell has complained that an unacceptable level of claims disputes and problems with companies settling large losses is effectively market failure.
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CRE Insurance
Insurers need to work harder on cyber as buyers question merits of cover: PwC
Insurance buyers are questioning the merits of cyber cover because of overly restrictive and costly policies, according to PwC. It has called on the risk transfer industry to reassess its…
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CRE Insurance
Reinsurance rates predicted to bottom out in 2016
Despite record levels of capacity and lower demand for reinsurance, rate reductions have begun to slow and, if reinsurers are to be believed, are set to stabilise next year.
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CRE Insurance
Aon research proposes catastrophe liability cover for corporates
New research from Aon Benfield finds that insurers could develop meaningful and cost-effective corporate catastrophe liability insurance and suggests the market should take the proposition further.
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CRE Insurance
AIR to build advanced cyber model as risk assessment race hots up
Risk managers looking for advances in cyber insurance solutions will be buoyed by news this week that AIR Worldwide is going to work with leading security firms to build an…
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CRE Insurance
XL Catlin names German heads and US specialty leadership team
XL Catlin has announced its new leadership team for Germany and its Specialty Insurance division in the US.