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Association News
Airmic database will ’empower’ risk managers to better manage global programmes and achieve compliance: Axco
The database of global insurance regulations designed for Airmic members was launched this week and will 'empower' risk managers, according to Tim Yeates, Business Development Director of Axco, the company…
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CRE Insurance
Endurance ups bid for Aspen: Aspen claims offer ‘desperate’
Endurance Specialty refuses to abandon its high profile attempt to take over rival Bermuda-based insurer Aspen despite the Aspen board's determination to remain independent.
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CRE Insurance
Multinationals told to go local in Latin America
International companies have been urged to think and act local as they expand their businesses in Latin America, a region where economies are growing at a healthy pace but which…
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CRE Insurance
National law enforcers hail temporary cyber security victory
International law enforcement agencies are hailing a breakthrough in the fight against cybercrime after temporarily disrupting the operation of two potent forms of malware–the Cryptolocker ransomware, which locks users out…
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CRE Insurance
Reinsurance pricing falls again at June renewal
The reinsurance market saw further price reductions at the 1 June renewal as fewer catastrophe losses and excess capacity helped drive greater competition.
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CRE Insurance
TRIA bill gets Senate Committee approval but hurdles remain
The US Senate Banking Committee has approved a bill that would see the US government continue to provide a terrorism insurance backstop, albeit with a rise in the insurance industry's…
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CRE Insurance
S&P questions merits and costs of systemically important insurer supervision
S&P has questioned whether the naming of nine global systemically important insurers (G-SII) by the Financial Stability Board (FSB) and holding them to stricter regulatory standards is merited and worth…
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Association News
AGERS guides Spanish companies on challenges of global programmes
A book has been published by Spanish risk management association AGERS to help companies set up global insurance programmes at a time when authorities around the world are playing ever…
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CRE Risk Management
Corporate round-up
Risk management information systems firm Origami Risk sets up in Europe, Barbican launches global E&O consortium, Natural hazard specialists team to deliver accurate global flood risk data and Lockton acquires…
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CRE Insurance
Risk managers seek to buy more cyber cover finds Munich Re survey
Forty-two per cent of risk managers in the US plan to buy more cyber insurance or buy it for the first time in the coming year, according to a survey…
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Global Risk Frontiers Survey 2014–Africa
In association with Ifrima and sponsored by ACE, AIG, Zurich and the QFC Authority we bring you Global Risk Frontiers Africa 2014, the African leg of our annual Global Risk…
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CRE Insurance
Take care with financial interest cover warns expert lawyer
Financial interest cover in global programmes needs to be carefully drafted and explained to the insured who must be made aware that the policies are not designed as backhand insurance…
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CRE Insurance
Bank of England signals tougher regulation of UK insurers
Following comments last week by the Governor of the Bank of England (BoE), insurers in the UK and the London market are likely to come under much closer regulatory scrutiny.
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CRE Insurance
German firms face credit insurance crunch for Ukraine business
German companies are finding it increasingly difficult to obtain credit insurance for deliveries to the Ukraine with cover off limits for new trade deals at some of the leading insurers.
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Association News
Ferma urges risk managers to focus on climate change
Ferma has this week urged risk managers to keep on top of climate change issues and adapt their role accordingly. The call to arms follows hot on the heels of…
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CRE Insurance
FCA finds conflicts of interest when brokers deal with SMEs
A review by the UK's Financial Conduct Authority (FCA) has concluded that 'inherent' conflicts of interest are not being properly managed within insurance intermediaries when they deal with SMEs.
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CRE Insurance
NOAA predicts below-normal Atlantic hurricane season as El Niño takes hold
The US' National Oceanic and Atmospheric Administration (NOAA) has predicted a below-normal, or at worst a near-normal, 2014 Atlantic hurricane season.
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CRE Insurance
Space risk: to boldly go where no risk manager has gone before
As the space and satellite industry forges ahead with ground breaking technologies it must stay on top of its exposures and deliver better risk data to make the most of…
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CRE Insurance
Corporate round-up
ACE improves Worldview to deliver online claims and loss data, David Flandro to join Towers Re as Global Head of Strategic Advisory and Cooper Gay Swett & Crawford launches its…
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Association News
RMIA appoints new CEO
The Risk Management Institution of Australasia (RMIA) has this week appointed Geoff Crittenden as its new chief executive officer.