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Europe
Financial interest cover now accepted as legal alternative by market says Zurich’s Strnad
Although not the perfect solution for global insurance cover, financial interest clauses are now generally accepted by the insurance market and do provide multinationals with indemnification in the majority of…
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Europe
Marsh market reports reveal good news for insurance buyers
Marsh has released its annual Insurance Market Reports for Europe, Middle East and Africa (EMEA), Asia and Latin America. It contains welcome news for buyers that have a good story…
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Europe
High growth economies take different routes to prosperity
The outlook for the world's fastest growing insurance markets in Asia and Latin America is generally favourable, with reform keeping pace with GDP rates. But there can be big differences…
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Europe
Finance employee benefits via a captive to cut costs
Multinational companies can make big savings by financing employee benefits via a captive, according to Towers Watson.
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Europe
Tax and regulatory news
ECIROA members given access to Zurich MIA, New IAIS policies on stakeholder engagement, Czech Republic to bring in IPT, IPT updates from TMF Group, Solvency II won't impact most ratings–Moody's,…
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Europe
News in brief
Asia Pacific insurance market guide from Aon Benfield, Marsh and ACE agree on insurance contracts, Political risk map highlights instability among oil producers, Willis buys 49% stake in Indian broker,…
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Europe
Captive news
New insurance SPV legislation introduced by Isle of Man, Nevada reports record-breaking captive year, Texas promotes bill to expand captive legislation, Delaware licenses 87 captives in 2014 and Aon launches…
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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.