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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.
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CRE Insurance
Marsh looks to SME market with $258m acquisition
Marsh has reached an agreement with SME-focused UK insurance broker Jelf to acquire the company for around £258m.
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CRE Insurance
Recall insurance set to play role in supply chain risk
Insurers are looking at ways to enhance product recall insurance as part of the solution to increasingly complex and concentrated supply chain risk.
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CRE Insurance
FM Global claims data reaffirms importance of fire risk management
Flooding is the most likely peril to cause damage and disruption to UK business property but fire poses the greatest combined frequency and severity threat, according to analysis of claims…
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Europe
Know your tax points
Insurers writing cross-border business in multiple jurisdictions within the EEA can face myriad unforeseen challenges if tax point filings get out of sync. An IPT expert looks at the challenges…
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Europe
Political risk insurance is a buyers’ market–Marsh
You might be forgiven for thinking that the world is a particularly unstable and risky place at the moment, especially in terms of political risk. But surprisingly, political risk insurance…
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Europe
Non-life premium up 3.7% to $4.78tn: Swiss Re
Global non-life premiums showed solid growth in 2014, helped by growth in advanced markets and continuing growth in emerging markets. This is according to Swiss Re's latest sigma study World…
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Europe
Captives and the China chill
Captive portfolios should always be constructed to reflect a captives' own liabilities and risk appetite. For example, a captive with longer liabilities will likely have a higher exposure to riskier…
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Europe
Single parent captives winning the race, says Best
A report by AM Best into the performance of US captives rated by the agency has concluded that overall the values that the captives add in terms of strategic, operational…
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Europe
News in brief
PwC study sees cyber insurance market growing rapidly, Lloyd's posts fall in profits at H1, AGCS warns over new generation of cyber risks, RSA to sell Latin American operations, Tianjin…
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Europe
Tax and regulatory news
Global Insurance Regulatory and Premium Tax Update: Marsh, Marsh highlights Greece's IPT increases, EU court verdict on extended warranties and VAT, Korea to reduce regulations on insurance companies, Caribbean insurance…
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Europe
Captive news
European captives embrace Solvency II, Bermuda signs memorandum of understanding with NAIC, Captive regulators concerned about over-regulation, Captive sector thriving in US, EIOPA progress report on Bermuda's equivalence assessment, Guernsey…