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Europe
Market ratings round-up
Overcapacity persists in GCC reinsurance market, Significant growth expected for Qatar insurance market and South African non-life insurers must focus on efficiency in 2015.
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Europe
Networks: the big broker alternative–comment
Big is best when it comes to global programmes, it seems. Consolidation in the market has meant fewer but bigger insurers and brokers. It has been especially true in the…
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Europe
Questions of compliance–Michael Salzmann and Peter J. Schlumpf of HDI-Gerling Global Network
Nowadays, national borders are no obstacle to the flow of goods and capital compared with ten or 20 years ago. Many of our multinational group customers and our small and…
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Association News
Ferma president Julia Graham joins Airmic as technical director
The UK insurance and risk manager association Airmic has announced that current Ferma president Julia Graham will join as technical director on 1 May.
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CRE Insurance
First modern European slavery law targets supply chains
Proposed modern slavery legislation, the first of its kind in Europe, will soon require large UK companies to publicly report their efforts to keep supply chains free from slavery and…
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CRE Insurance
Emerging corporate risks business bolsters Munich Re in fiercely competitive reinsurance market
Munich Re's full year 2014 results strongly suggest that the German reinsurer will accelerate its push into the primary corporate insurance sector in an effort to bolster growth in a…
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CRE Insurance
Risk managers demand better services for international programmes in Latin America
Leading risk managers in Spain this week urged underwriters to provide better services for Latin American coverages included in global programmes.
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CRE Risk Management
UK government requires urgent risk management boost finds top-level report
A major new report by the UK's Public Administration Select Committee (PASC) has concluded that its government lacks understanding about future risks and needs to boost its risk management capabilities.
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CRE Insurance
Problems with SII compliance deadline ‘inevitable’, says Van Hulle
Not all insurers in Europe will be sufficiently prepared for the implementation of Solvency II in ten months’ time, according to its main architect, Karel van Hulle. But that's not…
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CRE Insurance
Madrid grows as hub for Latin American risks
Madrid is positioning itself as a leading reinsurance hub for multinationals with Latin American operations and risks, risk managers were told at Commercial Risk Europe's Risk Frontiers-Spain-Going Global event this…
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Benelux
Corporate round-up
Lloyd's opens new office in Dubai International Financial Centre, ACE extends ACE Tech Pro through continental Europe, Charles Taylor Adjusting and Lengkeek join forces to deliver international solutions for Dutch…
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CRE Insurance
The only way is up for MENA insurance markets
In the face of stubbornly soft pricing conditions in highly competitive and frequently saturated markets, MENA's insurance company bosses remain bullish about the sector's prospects.
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CRE Insurance
Leading Brazilian reinsurer plans capital boost to become global player
IRB Brasil Re is considering an increase in capital as it develops plans to become a global player in the reinsurance industry.
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CRE Insurance
Insured losses from recent US winter storms over $1bn
Insurers face a bill of over $1bn from the adverse winter weather that swept across much of the US last month, according to Aon Benfield.
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Africa
Risk managers conclude political risks top list of concerns for 2015
Risk managers across Africa are increasingly concerned by growing political risks across the Sub Saharan region.
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Africa
Oil prices and elections dominate African risks
Sub Saharan Africa continued to record the largest number of downgrades in the latest political risk map from Aon for 2015, as economic and political risks increased. However, the picture…
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Africa
IMF strikes deal to help Ghana rebuild economy
The announcement of a staff level agreement on an International Monetary Fund (IMF) deal for Ghana has been welcomed by at least one of the rating agencies.
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Africa
Africa Re & French insurance giant Axa sign deal
French insurance giant Axa has paid $61m to buy a 7.15% share of Africa Re and a seat on the board. An agreement was signed on 20 February, 2015 in…
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Africa
New campaign to improve insurance penetration underway in Kenya
A campaign to popularise microinsurance in Kenya has been launched, following the training of 60 community leaders in Embu and Kirinyaga counties to transform them into champions of microinsurance, who…
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Africa
News in brief
Emerging technologies top 10 list identified, Cyber threat to aviation and Seychelles rating.