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Asia
Asian risk managers look forward to relaxed renewals but seek action on innovation
Asian risk managers can look forward to another year of competitive insurance market conditions and soft rates according to experts gathered for a headline debate at the inaugural Pan Asia…
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Asia
Risk managers urged to work with HR on benefits and ERM
Risk managers need to become more involved with human resource (HR) departments to help achieve more cost-effective coverage and spread the risk management gospel throughout the organisation, according to leading…
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Asia
Tread carefully and work with experts on global programmes advises Sharma
Risk managers need to go back to basics and closely evaluate risk appetite and tolerance levels when they asses their group insurance needs, according to a panel of experts at…
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Asia
Berkshire Hathaway enters Asian market and vows to stay for long haul
Asian risk managers were provided with another major new slug of top quality international insurance capacity this week as Berkshire Hathaway Specialty Insurance (BHSI) obtained its general licence in Singapore.
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CRE Insurance
Q3 global rate reductions of 2.8% reveal increasingly soft market: Marsh
Global insurance rates fell by 2.8% in the third quarter of this year with reductions even more pronounced in Europe at 5.1%, according to new figures from Marsh.
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CRE Risk Management
Human rights risks increase for multinationals
Human rights risks continue to increase in a number of countries with Thailand and Turkey representing the biggest concern for multinational companies, according to an annual study from risk consultant…
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Aviation
Threat of huge price hikes during aviation renewals tempered by excess capacity
Following a series of losses earlier this year aviation insurance renewals faced the threat of big price increases at the all-important fourth quarter renewals, but excess capacity appears to have…
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Association News
Airmic members turn to consultants for help on cyber risk: survey
A new Airmic survey has revealed a big jump in the use of external consultants by its members and a particular increase in those helping UK risk managers deal with…
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CRE Insurance
EIOPA SII stress test positive for market but consolidation still likely
European risk managers will be pleased to hear that the European Insurance and Occupational Pensions Authority (EIOPA) this week announced the results of its latest EU-wide stress test and concluded…
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CRE Insurance
Cyber risks spell new danger for space industry
Cyber-attacks are of growing concern in the space sector and could be the next big emerging risk for satellite operators.
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CRE Insurance
Risk managers warned of ‘fear multiplier’ and $1.43tn GDP loss if Ebola spreads
An outbreak of Ebola in Europe and the US at the upper levels of current scientific projections could result in global GDP loss totalling $760bn in one year and $1.43tn…
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Africa
AXA to become major player in Nigerian market via majority stake in Mansard
AXA is set to enter the Nigerian insurance market following its agreement to buy a majority stake in Mansard Insurance.
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CRE Risk Management
UN backs 1-in-100 initiative to integrate natural disaster risk into financial system
The 1-in-100 disaster resilience initiative has been endorsed by the UN in a bid to better protect companies, cities and regions from natural disaster risk.
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CRE Insurance
EIOPA issues final set of SII rules to ensure consistency
The European Insurance and Occupational Pensions Authority (EIOPA) has issued its last set of rules for the implementation of Solvency II in the form of Set 2 of the Solvency…
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CRE Insurance
Corporate round-up
Beazley opens Dubai office to offer MENA solutions, ISO develops two new Ebola endorsements, Willis Re unveils Japan Tsunami model, ACE Overseas General makes key medical malpractice appointment, Skuld Syndicate…
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CRE Insurance
IRM names José Morago as its new chair
José Morago, Group Risk Director at Aviva, has taken over as chairman of the Institute of Risk Management (IRM) and stated his aim to drive professionalism and capability within the…
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CRE Insurance
Marsh agrees principles with major carrier to improve contract efficacy
Marsh has agreed a set of principles with a major carrier to help ensure that UK insurance contracts work more favourably for buyers.
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Association News
Airmic says Pool Re changes good for buyers
Airmic has welcomed changes to terrorism reinsurer Pool Re that it believes will benefit risk managers despite the reported hike insurers will have to pay the UK government to remain…
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CRE Insurance
UK government plans to ban insurance kidnap and ransom payments
The UK government has moved to ban the reimbursement of terrorist-related kidnap and ransom payments by insurers. The insurance industry has however downplayed the impact of the change on the…
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CRE Insurance
Marsh launches UK terrorism facility
Bowring Marsh, the dedicated specialist international placement broker for Marsh, has launched a UK terrorism insurance facility to offer insurance buyers an alternative to Pool Re. Marsh says the new…