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CRE Insurance
Business, government and insurance sector pledge commitment to manage climate change risk
Leaders from government and business across the globe have sent a clear message to the world this week that climate change is a risk that cannot be ignored and, importantly,…
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CRE Insurance
Corporate round-up
AIG announces new UK Head of Sales, Allianz brings US commercial P&C business into AGCS, Willis launches overseas healthcare solution for firms with few expats, Software provider Eurobase makes new…
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CRE Insurance
MENA rates fall as region continues to attract reinsurance capacity
Reinsurers in the Middle East and North Africa (MENA) are under increasing pressure as capacity flows into the market and insurers look to retain more risk, according to the latest…
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CRE Insurance
MENA IT security spend to hit $1bn as region wakes up to risk
Middle East and North Africa (MENA) spend on information security will reach $1bn in 2014, an increase of 8% over 2013, according to Gartner, the US-based information technology research and…
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CRE Insurance
D&O remains buyers’ market despite regulatory scrutiny
The market for directors’ and officers’ (D&O) insurance continues to soften, offering some of its broadest cover yet. However, claims have been rising, especially for regulatory investigations, and some argue…
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CRE Risk Management
Are you a risk angel?–comment
As this issue of Commercial Risk Europe was put to bed I was also finishing off the Global Risk Frontiers report that will be published and distributed to all readers…
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CRE Insurance
Mapfre magic–Alfredo Castelo Marin, Mapfre Global Risks
Adrian Ladbury spoke to the chief executive officer of Mapfre Global Risks, Alfredo Castelo Marin, about the insurer’s plans to expand out of its core Spanish and Latin American markets.…
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CRE Insurance
Brokers falling short as client demands grow
Brokers need to up their game and take on a wider risk advisory role in order to meet the growing needs of clients that now expect more from their intermediary…
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CRE Insurance
Talk of rate cuts dominate Monte Carlo but large reinsurers still positive
Rate reductions were again the talking point at this year's Monte Carlo Rendez-vous of the international reinsurance market in Monaco. Despite few signs of a long-awaited market hardening the large…
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CRE Insurance
Reinsurers show increased appetite for casualty lines
Reinsurers that attended the Reinsurance Rendez-vous in Monte Carlo this week have indicated that they are willing to write more casualty business as traditional property catastrophe lines come under pricing…
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CRE Risk Management
IRM revamps Diploma
The Institute of Risk Management (IRM) has revamped its International Diploma in Risk Management to ensure students are better placed to tackle the rapidly changing risk landscape and equipped with…
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Association News
Better cooperation needed between risk managers and IT on cyber risk
Collaboration between risk managers and information security officers is vital in the fight against cyber risk that is still underestimated by many in top management, concluded a seminar on IT…
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CRE Insurance
Reinsurers cautiously upbeat on cyber
Reinsurers at the Monte Carlo Rendez-vous have indicated an increased appetite for cyber risks but said they will maintain standard cyber exclusions that are widely used in property insurance policies.
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Association News
New SIRM president plans to grow membership and boost lobbying efforts
New Swiss Association of Insurance and Risk Managers (SIRM) president Sabrina Hartusch wants to increase the association's lobbying power by growing its membership and through intensified dialogue with members.
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CRE Insurance
Corporate round-up
JLT launches venture in Turkey, FM Global promotes from within to fill top EMEA positions, AIG launches cyber cover for SMEs, JLT Towers Re rebrands as JLT Re, Gallagher appoints…
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Asia
New kid on the block aiming to develop risk management in Asia
The Pan-Asia Risk & Insurance Management Association (Parima) is the youngest of the major organisations around the world that aim to develop and serve the risk management profession, but has…
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Europe
Class report: Property (Part One)
Property is perhaps the most common class to be insured in a global insurance programme. Multinational risk managers are generally quite clear about what they want from a global property…
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Europe
Class report: Property (Part Two)
Property insurance may be the most popular class covered by global progammes, but such coverage can still cause problems or challenges, such as gaps in coverage, delays in programme execution…
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Europe
HDI-Gerling Industrie Versicherung opens unit in Brazil
Multinational companies have a new option when it comes to integrating their Brazilian coverages into global programmes, as Talanx Group HDI-Gerling Industrie Versicherung has become the latest insurer to set…
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Europe
Latin American civil justice systems changing
Latin American countries are systematically changing their civil justice systems in a manner that threatens a coming wave of civil litigation and negative economic and social consequences. This is according…