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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.
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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…
