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CRE Insurance
Risk managers can expect soft conditions for years to come: Charman
Continued high competition in the international reinsurance and insurance markets fuelled by record levels of capital committed to the industry will secure a soft market 'for at least the next…
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Association News
BIBA launching Insurance Act guidance for brokers and insureds with support of Airmic
The British Insurance Brokers' Association (BIBA) is launching a guide to the 2015 UK Insurance Act for brokers and insurance buyers. It is the first of a number of guides…
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CRE Insurance
AXIS enhances offer for PartnerRe in face of Italian counter bid and reports higher profits
AXIS Capital, the Bermuda-based insurance and reinsurance group, has improved its offer to shareholders of fellow Bermudian reinsurance group PartnerRe as part of a planned merger that would leave PartnerRe…
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CRE Insurance
Insurers embracing ERM as strategic partner with most progress in Europe: survey
Three-quarters of executives and board members at global insurers now view their enterprise risk management (ERM) function as an important strategic partner that adds value, finds Towers Watson's latest Global…
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CRE Insurance
Corporate round-up
QBE appoints new head of liability in Europe, JLT Re makes senior US appointments, Cunningham Lindsey changes UK structure to allow greater regional flexibility, Tokio Marine Kiln launches new Unmanned…
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CRE Risk Management
Companies rate reputation and brand damage as biggest risk: Aon global survey
Damage to reputation is the biggest risk currently facing organisations worldwide, followed by economic slowdown/slow recovery and regulatory/legislative changes, finds Aon's 2015 Global Risk Management Survey.
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Captives
Solvency II to benefit captives but concerns remain
Preparations for EU domiciled captives appear to be on track for the January 2016 Solvency II implementation deadline, although aspects of the new capital rules still need clarification.
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CRE Insurance
Demand for FI cyber cover grows, solutions need to catch up
Despite rate increases, demand for cyber insurance has been increasing for financial institutions (FI), but traditional FI products need to adapt to the sector's growing reliance on technology if they…
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CRE Insurance
Claims and price again most valued insurance criteria in Aon’s 2015 global risk survey
The reasons for choosing an insurer remain remarkably consistent over the last few years with claims service and settlement most highly cherished followed by value for money/price and financial stability/rating,…
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Association News
Narim conference stresses importance of work floor to risk management
In recent years risk managers have focused on getting their voice heard in the boardroom, but according to Dutch risk managers, the work floor presents the biggest challenge to embedding…
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Association News
Hopkin joins IRM as technical director
Former Airmic man Paul Hopkin has joined the Institute of Risk Management (IRM) as technical director.
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CRE Insurance
WBN CEO says technology levels playing field in broking market
Independent brokers need to harness the power of technology in order to meet risk managers' increasingly complex and international needs and prosper in the intensely competitive global market, according to…
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Association News
Global compliance database Insight Risk Manager now open to RIMS members
RIMS members can now access Insight Risk Manager, the global programme compliance database specifically designed for insurance buyers by Axco Insurance Information Services Ltd (Axco) with the help of UK…
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CRE Insurance
Corporate round-up
Swiss Re Corporate Solutions teams with IBM to boost cyber mitigation and transfer, Geyman appointed assistant VP, Onshore Construction at Allied World Europe, Pool Re names Maurice Tulloch as non-executive…
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CRE Insurance
Willis to buy Gras Savoye for €550m
Willis Group announced last night that it has made a firm offer to buy the remaining 70% that it does not currently own of Gras Savoye, the leading French insurance…
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CRE Insurance
Zurich launches easy access, slimmed down supply chain cover to meet buyer demand
In a bid to broaden the appeal of supply chain insurance and respond to buyer concerns, Zurich is launching a slimmed-down supply chain offering in Europe and the US, while…
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CRE Insurance
Munich Re and HP partner on cyber risk to strike balance between mitigation and transfer
Munich Re has joined forces with technology firm Hewlett-Packard (HP) to allow large companies to better assess their digital risks and find the best balance between mitigation and transfer.
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CRE Insurance
Germany consults on IT security bill as survey reveals huge impact of cyber risks
As the German government consulted on its draft IT security bill this week, a new survey by the country's Federal Association for Information Technology, Bitkom, revealed that every second German…
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CRE Insurance
Brussels sends strong message of control through Gazprom and Google investigations
European risk managers at leading international companies need to be aware that bureaucrats in Brussels appear just as keen to regulate them as their peers in Washington DC for infringements…
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Asia
Gallagher opens Asia-Pac practice to push boundaries of rep risk management and takes major stake in Chilean firm
International broker Arthur J Gallagher has launched a new reputational risk practice in the Asia Pacific and strengthened its Latin American position by purchasing a majority shareholding in independent Chilean…