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Benelux
Oil price to hit insurance demand and further pressure rates
Energy insurers are likely to come under renewed pressure at renewals as oil companies look to cut costs in response to a slump in oil prices.
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CRE Insurance
Capacity glut spurs another deal as Fairfax bids for Brit
M&A activity in the international insurance and reinsurance sector intensified this week with news of a £1.2bn bid for Lloyd's-based specialty insurer and reinsurer Brit by Toronto, Canada-based Fairfax Financial.…
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CRE Insurance
Zurich’s corporate business reports premium growth but decline in profits
Zurich Insurance Group Ltd has reported continued growth in its Global Corporate business in 2014, but adverse development in prior years and a re-underwriting of some European business led to…
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CRE Insurance
AIG’s commercial business delivers stable results but group profit down
AIG's commercial business has reported marginally improved profits and flat revenues for 2014, although fourth quarter results were tarnished by prior year reserve increases. Overall, the New York-based insurance group…
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CRE Insurance
IRM to publish cyber risk quantification framework to better assess exposures
The Institute of Risk Management (IRM) is set to publish a cyber risk quantification framework to help risk managers better assess their organisation's cyber exposures.
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CRE Insurance
MAPFRE Global Risks reports slight fall in profit and premium
MAPFRE's Global Risks, the Spanish insurance group's primary corporate unit, posted reduced premiums in 2014 despite making gains in the UK and Germany. Global Risks also reported lower profits and…
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CRE Insurance
AXA CS invests in parametric insurance as transfer options grow
Quicker settlement of claims and a sharp focus on buyers' needs are among the lure of parametric insurance products, according to AXA Corporate Solutions (CS), which is increasing its activity…
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CRE Insurance
M&A activity likely to pick up but won’t arrest soft market
Experts agree that M&A activity involving risk transfer companies is here to stay. Buyers will be pleased to note that commentators do not believe the shopping spree will slow down…
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CRE Insurance
Benefits of new UK insurance contract law explained
UK insurance contract law will be 'radically' altered and brought into the 21st century by the Insurance Act that was passed last week, according to law firm Rosling King. It…
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Benelux
Corporate round-up
Ardian agrees to buy JLT's stake in Siaci St Honoré, Equinox gets official Lloyd's backing for Dutch business, ACE launches luxury goods practice in continental Europe, JLT Specialty expands solicitor…
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Europe
Clarion call from ECIROA over non-admitted issue
A campaign led by ECIROA (the European Captive Insurance and Reinsurance Owners' Association) to persuade insurance supervisors to open the borders of non-admitted countries to excess covers as part of…
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Europe
EIOPA cuts put Solvency II delivery at risk
EIOPA (the European Insurance and Occupational Pensions Authority) has seen its budget cut for 2015 potentially threatening a number of regulatory projects, including the delivery of Solvency II.
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Europe
Airmic/Axco database expands further
A further 20 territories have been added to the global programme compliance database Insight Risk Manager developed by Airmic and Axco Insurance Information Services (Axco). The database now covers 70…
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Europe
Class report: multinational liability programmes
IPN editor Tony Dowding talks to Andrew Redman (EMEA Casualty Manager, AIG) and Alain Petit-Lambotte (European Casualty Practice Leader, Marsh) about multinational liability programmes, examining typical wordings, limits, exclusions, problems…
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Europe
UK Insurance Bill ushers in changes
Corporate insurance buyers have welcomed the UK Parliament's approval of big changes to contract law governing commercial insurance. The long awaited Insurance Act, which will replace the century old Marine…
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Europe
Global insurance CFOs prioritise growth and expansion
Around two thirds of chief financial officers (CFO) and senior executives at global insurance companies say that achieving growth, expanding into new markets and expanding through M&A are the top…
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Europe
Tax and regulatory news
IUA on UK's Senior Insurance Managers Regime, Gestora's membership application open in Spain, Global regulatory changes won't affect insurer ratings, Increase in IPT rate for legal expenses in France, TMF…
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Europe
News in brief
ACE targets middle market companies in Continental Europe, RiskMap 2015: 'The New World Disorder', Russian insurance sector under pressure: AM Best, Miller and Wills combine wholesale insurance businesses, Fairfax to…
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Europe
Captive news
Captives should embrace Solvency II "with open arms", Spencer Capital to acquire USA Risk Group, Bermuda seeing increased M&A activity in 2015, Cayman Islands passes new captive regulations, South Carolina…
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Europe
On the move
Willis China makes board changes and Swiss Re Corporate Solutions appoints claims head.