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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…
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Europe
State v Federal Regulation of Insurance in the US
Insurance regulation in the US has traditionally taken a state-based approach, while the federal government preoccupied itself with banks and capital markets when it came to the regulation of financial…
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Europe
The good news and the bad–comment
As reinsurers gather this week in Monte Carlo, risk managers should keep an eye on the various pronouncements that emanate from the Principality about where the reinsurance market is headed.…
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Europe
Future of trade credit insurance white paper
A new white paper exploring the current export and credit environment, supply chain disruption, global sovereign debt concerns and the threats posed by non-payment and political risks, has been published…
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Europe
News in brief
Negative outlook for Argentine insurers from Moody’s, Strong growth in Singapore's offshore gross insurance premiums, Expert panel assesses MENA insurance potential, Allied World buys RSA's Hong Kong and Singapore operations,…
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Europe
Tax and regulatory news
Latest IPT Update from TMF Group, Italian IPT legislation update from FiscalReps, California and Virginia sign IAIS memorandum, Insurance Europe on IAIS' G-SIIs consultation, India expects FDI bill to pass…
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Europe
Captive news
Aon launches captive benchmarking survey, Rated US captive insurers outperform commercial sector, London & Capital launches Captive Indices, High risk country list removed from FCA website, Fitch report on NAIC…
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Europe
Singapore market report
Singapore has a well-developed insurance market and is the region's hub for insurance and reinsurance. It is also a thriving captive domicile. Last year's International Monetary Fund report, Detailed Assessment…
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Europe
Why local is best–Clive Hassett, ACE
There is a fundamental paradox in the modern commercial world. Although globalisation and multinational companies are the dominant engines of the world economy there are few global commercial standards, regulations…
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Association News
Risk management improvements negate argument for rate rises
German industry has invested heavily in risk management and improved its claims profile over the last 10 to 15 years which means that industry-wide premium rate increases are unjustified, Alexander…
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Association News
Risk managers need to watch for Black Swans
Risk managers should pay more attention to so-called black swans, according to Edwin Meyer, General Manager Risk and Insurance at global steel company Arcelor Mittal and board member of German…
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CRE Insurance
Big reinsurers vow to focus on innovation in corporate expansion drive
In the week that DVS chairman Alexander Mahnke called for a renewed focus on innovative solutions from the corporate insurance market, both of the world’s biggest reinsurers told Commercial Risk…