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Association News
Jo Willaert named as next Ferma president
Jo Willaert, Corporate Risk Manager for Agfa-Gevaert in Belgium, will become the next Ferma president when Julia Graham steps down in 2015.
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CRE Insurance
Risk managers brace for consolidation as XL confirms bid for Catlin
XL confirmed this week that it is in talks about a possible acquisition of Catlin in a move that would create a combined insurance and reinsurance group with some $12.7bn…
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CRE Insurance
Buyers and insurers dismayed by TRIA expiration
Buyers and insurers are equally dismayed by the US Congress' failure to renew the Terrorism Risk Insurance Act (TRIA). They say the decision leaves insureds exposed to terrorism risk and…
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CRE Insurance
Russia emerges as key risk for 2015
Political instability is expected to continue into 2015, with Russia and Nigeria among the countries to watch, as well as high levels of terrorist violence and civil unrest, according to…
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CRE Insurance
$34bn global insured disaster losses well below 10-year average: Swiss Re
There were $34bn insured losses from natural catastrophes and man-made disasters this year, according to preliminary figures from Swiss Re. This is almost half the 10-year average of $64bn and…
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Association News
Belrim celebrates 40th birthday and announces recruitment drive
The Belgian risk management association Belrim celebrated its 40th birthday last week and announced a recruitment drive to coincide with the milestone.
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Association News
Next gen risk managers urged to broaden skill set as fastTrack forum announced
Young and future risk professionals will need to develop a much broader set of skills than their predecessors in order to meet the challenges of 21st century business, said the…
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CRE Insurance
Rising EMEA insolvencies could spark trade credit rate increase in 2015 warns Marsh
Although the trade credit insurance market remains generally soft a growing number of insolvencies and defaults across Europe, Middle East and Africa (EMEA) could see rates rise for many insureds…
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Asia
Corporate round-up
AGCS North America and Fireman's Fund name new leadership team, JLT opens credit, political & security risk India hub and Barbican appoints new cyber and tech underwriter.
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Africa
African aviation sector suffers poorest safety record worldwide
This year’s aviation disasters contradict the industry’s long-term improvement in safety, with currently fewer than two passenger deaths for every 100 million passengers on commercial flights, according to a new…
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Africa
Bribery and corruption are still huge risks for business
Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new Organisation for Economic Co-operation and Development (OECD) analysis of the cost of…
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Africa
Risk management continues to grow and develop in Kenya
Risk management in Kenya has matured significantly in the past year, according to delegates at the first conference held in Africa by Commercial Risk Africa.
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Africa
Kenya building sector fraud leaves Nairobi large ’quake-loss timebomb
Fraud in Kenya’s construction sector has resulted in weak buildings, particularly in the capital Nairobi where an earthquake measuring six on the Richter scale would result in their collapse—exposing millions…
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Africa
Ratings agency notes emerging market stabilisation
Standard & Poor’s (S&P) has published a new outlook for Africa, reviewing all the major markets. It finds emerging market sentiment is stabilising, however several key markets have been downgraded.
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Africa
UK government set to clarify kidnap and ransom insurance rules
The UK government recently announced plans to clarify how anti-terrorism legislation applies to both clients and insurers in the situation of a kidnapping for ransom.
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Africa
News in brief
Ethiopian bond success predicted, Law firm moves, First commercial drone operation in The Gambia, New emerging risk products and Axa moves into Nigeria.
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Africa
Don’t look away…ever
What a year it has been. The positives include continuing investor support for Africa across a broad range of industries and a continuing belief from the International Monetary Fund, the…
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Africa
Renewable energy could be the solution for Africa
2014 has been marked by geopolitical crises, stagnating global economic growth and slow progress in lowering greenhouse gas emissions. All of which has had a significant impact on the global…
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Africa
Call to action to support African development
Insurers across Africa need to step up and grab the new opportunities emerging across the continent, according to Corneille Karekezi, group managing director/chief executive officer at Africa Re.
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Africa
Wind power could turn Africa’s ‘energy poverty’ into economic growth
African Trade Insurance Agency (ATI) has backed the Lake Turkana Wind Power project, which has been in the works for nine years.