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CRE Insurance
FCA finds fault with insurer claims handling
The UK regulator has criticised insurers' claims handling for small- to medium-sized enterprises (SMEs) and will now work with the market to resolve the issue. However, similar action is not…
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CRE Insurance
Risky cities in strategic economies threaten supply chains: Maplecroft
The looming risk of terrorism in the primary cities of strategic business economies such as Egypt, Israel, Kenya, Nigeria and Pakistan has the potential to threaten business and supply chain…
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Association News
RIMS backs bills to simplify data breach notifications and protect against insurer insolvency
RIMS has lent its support to two new bills that would streamline the process for data breach notifications for firms operating in the US and protect policyholders against insurer insolvency.
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CRE Insurance
Insurer performance drops but results still positive
Despite falling income and profitability US P&C insurers delivered positive results in 2014 over and above the long-term average.
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CRE Insurance
Re-elected Insurance Europe president warns over supervisory landscape
The re-elected president of Insurance Europe Sergio Balbinot has called on EU policymakers to review capital charges facing insurers under Solvency II, avoid making the capital adequacy regime even more…
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CRE Insurance
Corporate round-up
AXA acquires Brazilian P&C large risk unit for €40m, AGCS targets expansion of global entertainment business, AIG increases London market platform capacity for global wholesale market, Equinox Global appoints Nick…
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CRE Risk Management
ISO 31000 may face in-depth revisions to meet needs of multinationals and governments
The current review of ISO 31000 and accompanying Guide 73 has revealed the need for a high-level document or standard that better reflects the way risk is managed in multinational…
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Association News
AMRAE elects Brigitte Bouquot as its new president
Brigitte Bouquot, Director of Insurance and Risk Management at aerospace group Thales, has been elected as the new president of French risk management association AMRAE.
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CRE Insurance
UK Insurance Act could disadvantage European buyers warns consultancy
European companies buying their insurance in the London insurance market could be at a disadvantage when a major overhaul of insurance contract law is implemented in the UK next year,…
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Association News
Airmic welcomes Pool Re changes but hopes more to come
Airmic has welcomed changes to Pool Re announced last week that will see the government-backed UK terrorism reinsurer reward risk management with a potential 2.5% premium discount. The association told…
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Association News
DVS board member Henne criticises brokers and urges them to up their game
Brokers are making little or no effort to change their business model in order to better serve customers and are failing to provide relevant and timely information, according to Jörg…
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CRE Insurance
Business hungry reinsurers more willing to tailor cover for corporates
As competition intensifies, reinsurers and alternative capital providers are becoming more open to providing bespoke solutions to large corporates, including weather hedges and previously hard to insure risks.
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CRE Insurance
Insurers making progress on cyber solutions
Insurers are making progress to help large European companies manage and transfer cyber risk, but, according to Aon’s recent Global Risk Management’s Survey 2015, the vast majority of buyers still…
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CRE Insurance
Swiss Re report ranks emerging risks facing the risk and transfer community
A new report by Swiss Re rates de-globalisation, large nat cats, the 'great monetary experiment' and the 'Internet of Things' as the most potentially devastating emerging risks facing the risk…
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CRE Insurance
Corporate round-up
AIG appoints Stuart Sutherland as UK head of casualty, Aon Benfield unveils new model to boost transfer of Canadian flood risk, AGCS appoints new Dubai CEO, AIG appoints Jeremy Croal…
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Europe
Aon survey reveals global programme trends
Aon's 2015 Global Risk Management survey has identified a trend towards less central control of insurance purchasing at all levels, even at the largest multinationals. The survey finds a small…
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Europe
The resurgence of the onshore captive
New research shows that companies are increasingly looking to onshore domiciles when establishing new captives as the offshore world continues to be subject to greater regulatory scrutiny.
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Europe
Global insurance regulatory and premium tax update
Marsh’s Praveen Sharma explores the key changes to insurance regulation and premium tax rules around the world.
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Europe
Future uncertain for Greece’s TEA EAPAE
Uncertainty still exists around the reintroduction of the Greek TEA EAPAE Contribution, but the picture is slowly becoming clearer, according to FiscalReps.
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Europe
Captives gain momentum
The soft market has not slowed the global march of captives, according to Marsh.