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CRE Insurance
Willis in advanced talks to buy majority stake in Miller
Willis Group, the world's third largest insurance broker, is in talks to acquire a majority stake in specialist London market broker Miller Insurance Services.
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CRE Insurance
Multinational programme compliance in Middle East, Africa and Asia biggest challenge say risk managers
Compliance and adherance to regulations is the greatest challenge when managing a multinational programme with the Middle Eastern, African and Asian emerging markets causing the most concern, according to risk…
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Asia
Baron vows to align Asian certification with Ferma model
The Asian risk management community will be offered education and certification that is aligned with Ferma's planned programme as early as next year if Franck Baron, founding chairman of the…
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CRE Insurance
Marsh advises firms on risk management and insurance implications of Ebola
As concerns about the Ebola outbreak and potential spread of the disease grow, Marsh has released guidance to help UK organisations understand and manage the risk management and insurance implications.
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Association News
New risk landscape demands political response from risk community
One of the most interesting things to come out of this week's Ferma seminar in Brussels was rising evidence of a realisation among leading risk managers that they need to…
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CRE Insurance
Market to soften further in 2015 even if mega cat hits: Willis
Insurance broker Willis is predicting further softening in the US commercial insurance market in 2015, even if insurers are hit by a mega catastrophe.
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CRE Insurance
New solutions key to traditional risk transfer industry weathering alternative capital storm
Current overcapacity in the risk transfer market, buoyed by an influx of alternative capital, means that reinsurers, insurers and brokers must adapt and develop solutions for emerging risks in order…
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CRE Insurance
Hurricane Gonzalo and cyclone Hudhud losses each up to $400m: AIR
AIR Worldwide this week estimated that insured losses in Bermuda from hurricane Gonzalo will range between $200m and $400m. It also placed insured losses from cyclone Hudhud in India at…
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CRE Insurance
Corporate round-up
New Arabian earthquake model launched to support regional insurance expansion, Argo International launches complimentary legal advice for D&O clients, XL appoints new underwriter to grow M&A insurance offering, RFIB adds…
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Association News
Ferma hits forty–comment
Ferma has made great strides over the last 40 years and particularly the last couple of decades. It has transformed itself from a wholly insurance management ‘club’ into a risk…
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Association News
Ferma positions risk profession for future success as it marks 40 years
Commercial Risk Europe’s Ben Norris caught up with Ferma president Julia Graham ahead of the federation’s seminar in Brussels as she heads into her second year in office. She explained…
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CRE Insurance
Concerns raised over financial interest clause legality: risk managers demand advice
Leading risk professionals in Spain this week warned that financial interest clauses (FICs) cause legal uncertainty in global programmes and urged the market to provide insureds with better advice on…
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Climate Change
Risk managers turn attention to Ebola threat as disruption grows
As the Ebola outbreak in west Africa spreads and the death toll rises, the crisis is increasingly causing disruption to trade and businesses in the region with supply chain implications…
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CRE Insurance
Insurers must view alternative capital as an opportunity to meet client demands say industry big hitters
Two leading insurers this week urged their industry to view the influx of alternative capital into the risk transfer market as an opportunity to meet client demands as opposed to…
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Association News
Ferma certification programme remains ‘on target’: Graham
The pan-European Certification project for risk managers currently under development at the Federation of European Risk Management Associations (Ferma) is ‘on target’ for next year and the federation is determined…
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Reputation risk heightened by ‘untouchable’ C-suite and board members
A new report has revealed that many UK companies are failing to carry out due diligence when they appoint to their C-suite and boards and are therefore placing the reputation…
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CRE Insurance
Doubts over whether staff health and life policies will respond to Ebola
There are doubts as to whether staff health and life insurance policies taken out by their organisations would cover the Ebola infection, experts told a group of risk professionals in…
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CRE Insurance
Reinsurers target corporate specialty lines for growth
Under intense pressure in their core markets, reinsurers are looking to increase their direct insurance and specialty operations, although the large corporate sector is unlikely to remain overly attractive for…
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CRE Insurance
German non-life insurers not blown off course by tough 2013: AM Best
German non-life insurers have remained resilient despite a tough 2013 when they suffered heavy nat cat losses, according to a new report by AM Best.
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CRE Insurance
Brokers launch BI cover for Ebola/pandemics predominantly aimed at hospitals
Miller Insurance Services and William Gallagher Associates (WGA), a US retail insurance broker, have this week launched a pandemic business interruption (BI) cover that responds to loss of income and…