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Africa
Winning a share of the pie
Retaining insurance premiums in Africa is not just about the money but also about training and development of local markets. Liz Booth reports from a roundtable discussion at the IISA…
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Africa
Consumer protection remains end goal
The Insurance Institute of South Africa’s annual conference was an opportunity for insurance stakeholders from around the world to discuss regulatory trends.
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Africa
5 megatrends to keep in mind
Corporate risk managers must always remember five mega-trends when assessing company risk, delegates were told at the recent IISA conference in Sun City.
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Aviation
Losses set to reverse recent trend of softening in airline risk market
A series of losses in the second half of this year has resulted in a dramatic turnaround in the aviation market.
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CRE Insurance
Militant Islam’s recent action signals increased threat of political violence in Middle East and beyond
The actions of militant Islamic fundamentalists in Syria and Iraq over recent months brings an increased threat of political violence to the Middle East and north Africa and a heightened…
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CRE Insurance
JLT makes leadership changes as it plans for US expansion and in-house merger
In a big shake up JLT has appointed Mark Drummond Brady as Deputy Group CEO, Mike Reynolds as Global CEO of JLT Towers Re and Martin Hiller as CEO of…
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CRE Insurance
Total European premiums up 2.7% but non-life flat: Insurance Europe
Total European insurance premiums were up 2.7% last year to €1.119tn but fell marginally by 0.1% to €334bn for non-life risks, according to new figures from Insurance Europe.
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Benelux
New Belgium laws increase staff welfare demands and costs for companies
Two new laws that came into force on 1 September in Belgium have increased the scope for employees to blame their employers for work-related mental and physical stress and raised…
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Association News
Airmic begins work with Reputation Institute to tackle reputational risk
Airmic is teaming up with the Reputation Institute to develop a framework for dealing with reputational risk.
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CRE Insurance
S&P concerned that reinsurers may be underestimating climate change by 50%
Standard & Poor's has warned the reinsurance industry that it may be underestimating the effects of climate change and is unwise to rule out the possibility that the phenomenon has…
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Africa
Corporate round-up
Marsh appoints senior global construction specialist, Argo names Generali's Jose Ribeiro as head of international and Brokerslink expands in Africa.
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Aviation
European business at threat from Icelandic ash cloud
The threat of disruption to aviation and wider business interests across Europe from the potential eruption of Icelandic volcano Bardarbunga remains high as seismic activity rumbles on, experts have warned…
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Asia
Allied World acquisition of RSA’s Asian business marks changing of guard for corporate customers
Allied World Assurance Company Holdings, AG, the Zug, Switzerland-based insurer that was founded in Bermuda, has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal &…
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CRE Insurance
Swiss Re Corporate Solutions names Kuno Linder as German country manager
Swiss Re Corporate Solutions has named Kuno Linder as country manager for Germany as the firm prioritises the country for growth.
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CRE Insurance
Napa Valley quake to cost insurers US$1bn to US$2bn
Early estimates put the insured cost of Sunday's earthquake in California's Napa Valley at around US$1bn-US$2bn. However, business interruption losses for the region's famous winemaking industry could see this figure…
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CRE Insurance
2014 nat cat and man-made disaster insured losses of US$21bn below ten-year average: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totalled US$21bn in the first half of this year, US$6bn less than the 10-year average of US$27bn, according to figures from…
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CRE Insurance
Corporate round-up
AGCS moves into Peruvian reinsurance market, ACE launches new PI solutions for media risks, Marsh makes key UK appointments to help product innovation and Price Forbes & Partners creates financial…
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Association News
No cutbacks on health and safety urges AGERS and leading union
Spanish companies have been urged by a leading trade union to start seeing the prevention of workplace accidents as an investment rather than a cost. Unión General de Trabajadores (UGT)…
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CRE Insurance
World Health Organisation warns of the risks of e-cigarettes
Insurers are already concerned about the potential health risks of e-cigarettes and now a report from the World Health Organisation (WHO) has called for tougher regulation of the devices, including…
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Association News
Ferma plans to bring Airmic’s ‘popular’ compliance database to members next year
Airmic this week said that its new database of international insurance regulations, Insight Risk Manager, is proving popular, with the number of registered users exceeding expectations. Meanwhile, Ferma has revealed…