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Europe
Market ratings round-up
Malaysian floods to have limited credit impact on insurers, Strong regulation benefits New Zealand insurance sector, Investment gains and underwriting boost Japan's insurers, Chilean insurance sector growth outlook, Peru to…
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Europe
Time for action over excess covers–comment
It's great to hear that the European Captive Insurance and Reinsurance Owners' Association (ECIROA) campaign to persuade the IAIS to look at the area of excess covers as part of…
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Europe
Thailand market report
The Thai insurance market has recovered from the shock losses that resulted from 2011's flooding catastrophe and the sector is rated as stable by the leading credit agencies. Fitch Ratings…
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CRE Insurance
European buyers still benefiting from price competition: Marsh
Insurance buyers in Europe, the Middle East and Africa (EMEA) are benefiting from rate reductions as increased competition places further downward pressure on pricing in an already soft market, according…
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CRE Insurance
Big brokers report organic growth in 2014 despite headwinds
The big two global insurance brokers, Aon and Marsh, have reported increased earnings and much improved organic revenue growth in 2014, despite tough market conditions, economic uncertainty in Europe and…
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Association News
Airmic ahead of the game as UK insurance reforms become law
The UK's Insurance Bill became law yesterday after receiving Royal Assent and will come into force in August 2016. Airmic swiftly announced that it is working on a clause to…
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Association News
Edwin Meyer passes away aged 59
Edwin Meyer, General Manager, Risk and Insurance Management at steel giant ArcelorMittal, passed away on Saturday following a heart attack. Mr Meyer, who was an active member of the Federation…
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CRE Insurance
European risk managers cite inadequate cyber cover in new survey
Almost half of European risk managers and insurance buyers say they do not purchase cyber insurance because the solutions on offer do not provide adequate cover for their exposures, according…
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Association News
Ferma pledges to focus on EU regs in 2015 with captives, SII and ELD top targets
The Federation of European Risk Management Association’s (Ferma) board has laid out its plans for 2015, promising to protect the interests of members at European level on issues such as…
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Association News
20 territories added to global programme compliance database Insight Risk Manager
The global programme compliance database developed by Airmic and Axco Insurance Information Services (Axco), Insight Risk Manager, now covers an additional 20 territories.
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CRE Insurance
New emerging market flood maps to spark better risk management and transfer options
SSBN Flood Risk Solutions and ImageCat last week unveiled a set of high resolution flood maps for emerging markets to allow insurers and risk managers to better model their cat…
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CRE Insurance
Willis Re launches first cyber model with promise of boost to risk transfer options
Willis Re has unveiled the insurance industry's first cyber risk modelling tool, which will enable insurers to better quantify and manage their exposure to data breaches and therefore deliver new…
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Association News
Customers must come first says RSA CEO
Insurers need to put clients first and continually improve service, the Chief Executive of RSA, Stephen Hester, told risk managers in London last week. Addressing Airmic members, Mr Hester also…
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CRE Insurance
WEF delivers cyber risk framework to help business manage threats
Aon Risk Solutions has lauded the merits of a new cyber risk framework developed by the World Economic Forum (WEF), which aims to help organisations better model their cyber exposures.
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CRE Insurance
Corporate round-up
Swiss Re Corporate Solutions names Ole Nyborg Head of Claims for EMEA, Lloyd's MGA Northcourt brings new nuclear liability capacity to market, Marsh launches Delta Investment Management Insurance facility, Charles…
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Africa
Invaluable insight on South Africa provided from IRMSA’s risk report
The risk management sector has welcomed the first annual Risks Report to be produced by the Institute of Risk Management South Africa (IRMSA), even though it heralds some major challenges…
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Africa
Nervous wait for business as Nigeria delays heading to the polls
Risk managers, brokers and insurers alike are all anxiously waiting to see what happens in the wake of the delay to the Nigerian elections.
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Africa
Signs of improving private healthcare in Africa
A new health map of Africa has revealed foreign investment and new private hospitals have led to improved facilities in some parts of Africa. Among the countries with a lowering…
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Africa
Your chance to enter the Commercial Risk Africa survey
Commercial Risk Africa is polling risk managers across Africa to gauge their views on political risk, financial risks and to see how risk management has moved up the boardroom agenda.
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Africa
Geopolitical risks present stability threat
The escalating, extremist-spawned terror crisis threatening security across the Middle East, parts of Asia, north Africa, east Africa, the Sahel, west Africa and, increasingly, major cities across the globe has…