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CRE Risk Management
Financial and health risks feature on Swiss Re’s emerging risks sonar
Deflation and emerging market contagion, cloud computing and e-cigarettes are among the most pressing emerging risks on the horizon, according to reinsurer Swiss Re.
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CRE Insurance
Insured nat cat losses of US$17bn well below half year average: Munich Re
Insured losses from natural catastrophes of US$17bn in the first half of this year are well below the ten-year average of US$25bn, according to figures from Munich Re.
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CRE Insurance
Reinsurance pricing at generational low
The reinsurance market continued to soften at the June and July renewals, pushing prices on some reinsurance programmes to the lowest levels in a generation, according to brokers.
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CRE Insurance
ACE to become largest P&C insurer in Brazil following Itaú purchase
ACE is to become the largest commercial property and casualty insurer in Brazil following its definitive agreement to buy the large corporate P&C business of Itaú Seguros S.A. from Itaú…
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Benelux
Corporate round-up
Guy Carpenter appoints CEO of Benelux region, ACE launches Benelux surety suite and names new underwriting manager, AGCS appoints new senior CMT and cyber underwriter and RFIB makes key international…
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Climate Change
Mandatory ELD financial security scheme not needed or desirable says Insurance Europe following member survey
The European insurance and reinsurance federation Insurance Europe has reiterated its stance that an EU-wide compulsory financial security scheme to cover Environmental Liability Directive (ELD) risks should not be introduced…
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Association News
Ferma elects four board members
Ferma's general assembly has elected four board members and one substitute to serve from 2014 to 2017.
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CRE Insurance
Reinsurance rates fall again with primary buyers reaping benefits
Global reinsurance rates were down again at the June and July renewals as excess capital continues to chase muted demand, according to a report published this week by Willis Re.
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Association News
Ferma joins Europe-wide campaign to reduce workplace stress
Ferma has been named by the European Agency for Safety and Health at Work (EU-OHSA) as an official partner of its 2014-15 campaign to manage workplace stress.
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Asia
Talanx targets international business for growth
Talanx has signalled its intention to grow its international business to deliver profits of €1bn in 2017.
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CRE Insurance
Changes to UK insurance law could see insurers hit for damages on delayed claims
Forthcoming reform of UK insurance law could see insurers forced to pay damages on valid claims that are paid late without good reason, a leading lawyer explained this week.
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CRE Insurance
Munich Re’s cat bond withdrawal could signal slowdown of ILS boom
The world's largest reinsurer, Munich Re, has withdrawn the placement of its latest nat cat bond. The Irish special-purpose vehicle, Queen Street X Re, decided it would not issue the…
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Asia
Corporate round-up
ACE appoints Paul Wilderspin as Client Relationship Manager, UK & Ireland, JLT invests in Independent Insurance Brokers to extend presence in India, AGCS names David Wilson Global Head of Energy…
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CRE Insurance
Global warming could cost Europe €190bn finds EC study
Global warming could result in climate damage costing Europe €190bn, according to a new study by the European Commission's Joint Research Centre (JRC).
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CRE Insurance
Capital firms failing to address climate change suggests survey
While the majority of London's infrastructure and real estate firms believe climate change is affecting their business a small minority are quantifying its financial impacts, according to a survey by…
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CRE Insurance
Hedge funds closing in on corporate risk claims expert
The potential for transfer of corporate risk directly to the capital markets via captives and reinsurance sidecars is soon to become reality, according to a leading Bermuda reinsurance market representative.
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CRE Risk Management
Risk managers in high demand but short supply
Demand for experienced risk managers is rising, but so are the expectations of their prospective employers, according to speakers at an Airmic conference workshop last week.
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CRE Insurance
Risk industry welcomes TRIA bills, urges quick resolution
Insurance buyers and insurers have welcomed the US House of Representatives' approval of a proposed bill that would extend the government terrorism back-stop by five years, although an earlier Senate…
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CRE Insurance
Financial benefits of insurance misunderstood at board level
Insurance is seen as a commodity purchase that warrants little boardroom attention, rather than a financing tool that is, in reality, as important as debt or equity, according to experts…
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CRE Risk Management
Security firms offer business advice as security deteriorates in Iraq
International SOS and Control Risk have issued advice to businesses operating in Iraq including the evacuation of staff and banning travel in some areas following recent unrest in the country.