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Association News
First European risk management certificates to be awarded in Venice this October
Ferma will formally launch its Risk Management Certification Programme at the Ferma Forum in Venice on 5 October, 2015 when the Founder Certified Risk Managers will be given their certificates…
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CRE Insurance
UK government urges firms to ‘get to grips’ with cyber and buy cover
A new report published by the UK government and broker Marsh and supported by Lloyd's has announced a new set of joint initiatives between government and the insurance sector to…
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CRE Insurance
Lloyd’s to continue investment in global footprint and service on the back of £3.2bn profit
Good news for Europe's risk managers accompanied Lloyd's' full year 2014 results that comprised a pre-tax profit of £3.2bn–the same as in 2013–and a return on capital of 14.7% compared…
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CRE Insurance
Talanx vows to tackle challenges in industrial and retail business
It was not a happy day for the Talanx top management. On the morning of 23 March, when it was due to announce its 2014 results, the firm’s share price…
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CRE Insurance
Risk managers need to check D&O policies as cyber exposure multiplies
Directors' and officers' exposure to cyber risk is growing because they need to demonstrate that appropriate steps have been taken to mitigate the risk–steps that will go some way to…
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CRE Insurance
Kurth to replace retiring Morinerie at AXA
Dr Jürgen Kurth will replace AXA Corporate Solutions' (ACS) Patrick de La Morinerie when the unit's deputy CEO and board member retires in May.
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CRE Insurance
Shipping losses continue to fall but worries over cyber and mega-ships rise reports AGCS
Shipping losses continued their long-term downward trend with 75 reported worldwide in 2014, making it the safest year in shipping for 10 years, according to Allianz Global Corporate & Specialty…
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CRE Insurance
Willis hires new head of ART to tap rising interest among risk managers
Corporate risk managers in Europe, the US and worldwide are increasingly looking to the capital markets to help transfer their emerging risks that the standard insurance market finds difficult to…
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CRE Insurance
Experts agree UK government’s ILS plans represent boost for London market
Insurance and reinsurance market experts welcomed the announcement by UK Chancellor George Osborne in his annual budget statement on Monday that the government would 'explore options' to attract Insurance-Linked Securities…
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CRE Insurance
2014 sees record nat cat events but below average losses
Despite 2014 witnessing a record 189 nat cat events, insured losses from such incidents and man-made disasters were well below average at $35bn, according to Swiss Re figures.
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CRE Insurance
Hearn seeks to motivate future leaders to secure London’s future
Leading figures in the London insurance market are stepping up efforts to rally the troops in a market-wide effort to secure its long-term position in an increasingly competitive global market.
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CRE Insurance
Push to solve BI woes gains momentum
Efforts are underway at leading insurance buying associations to support efforts to improve business interruption and supply chain insurance. They are looking to work with brokers and insurers to ensure…
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CRE Insurance
Supply chain bill to place French firms at disadvantage warns AMRAE
AMRAE has warned that a proposed French law that aims to make large corporations accountable for labour and environmental conditions across their supply chains would affect the ability of French…
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CRE Insurance
Klaus Werner to leave Eon as worrying trend for insurance buyers emerges
Klaus Werner, Head of Insurance at power giant Eon and Managing Director of broker Eon Risk Consulting GmbH, is leaving the group according to CRE sources. Eon was not prepared…
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CRE Insurance
Tsunami supply chain risk underestimated
Businesses are being warned of the threat from giant tsunamis to their assets and supply chains as new science and modelling sheds light on this ‘underestimated’ and surprisingly widespread risk.…
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CRE Insurance
EU meets Russia, Ukraine and Turkey in effort to mitigate energy supply risk
Europe’s risk managers consistently identify the price and security of energy as one of the biggest risks faced by their companies against a backdrop of rising volatility and political risk…
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CRE Insurance
RIMS tells US gov insureds need better terrorism certification process
RIMS has called on the US government to speed up the process for certifying acts of terror to ensure insureds have more clarity over insurance recoveries.
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CRE Insurance
Analysts believe capital markets likely to step up focus on corporate risk
Analysts are convinced that capital market investors in the reinsurance market will step up their efforts to break into the primary corporate insurance sector as the glut of reinsurance capacity…
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CRE Insurance
EC publishes tax transparency rules as part of battle against ‘pervasive’ corporate tax dodging
European risk managers may want to step up their communication with tax departments to ensure that they are up to speed on the European Commission’s latest package of tax transparency…
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CRE Insurance
Little chance of reducing nat cat losses finds UNISDR study
Initial results from a forthcoming study by the United Nations Office for Disaster Risk Reduction (UNISDR) find that there is little prospect of reducing economic losses from natural disasters below…