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CRE Insurance
Weighing up the risks of Arctic shipping
Arctic shipping routes offer potentially cheaper and faster transit between Europe and Asia, but they do come with additional and often unique risks, according to a report from Marsh.
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CRE Insurance
Corporate round-up
ACE appoints Kyle Bryant as regional cyber manager for Europe, Lockton adds JLT trio to its international management liability team, Towers Watson names Eric Speer as global head of risk…
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Europe
Global Risk Frontiers Survey 2014–North America
Below we bring you highlights from the North American leg of our Global Risk Frontiers Survey, sponsored by ACE, AIG, Zurich and the QFC Authority. The risk management survey firstly…
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Europe
Risk managers cannot succeed on theory alone–North America
North American risk managers who took part in this year’s Global Risk Frontiers Survey agree wholeheartedly with their peers in Europe and worldwide that the qualities and skills needed to…
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Europe
Risk managers need to sit where most needed–North America
The nebulous nature of risk management means that there is no simple answer to the question of where a risk manager should sit within an organisation, according to North American…
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Europe
No silver bullet solution to risk education conundrum–North America
There is a thirst for a consistent, transportable and widely-recognised risk management education path and certification scheme among the global risk management community. The big question is how is this…
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Europe
Board understanding remains a ‘mixed bag’–North America
The financial and economic crisis of 2008 brought risk management to the very top of the international corporate agenda. But opinion is mixed among North American risk managers about whether…
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Europe
No simple formula for risk transfer decisions despite rise of analytics–North America
There is no simple formula available to risk and insurance managers to decide which risks should be retained and which transferred to the insurance market. Such a decision is dependent…
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Europe
Opinion divided on global programmes–North America
The effectiveness or otherwise of the global programmes offered to multinational companies by the leading international insurers remains a hot topic of discussion in international risk management circles. Based upon…
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Europe
Global Risk Frontiers Survey 2014–Asia
Below we bring you highlights from the Asian leg of our Global Risk Frontiers Survey, sponsored by ACE, AIG, Zurich and the QFC Authority, that takes an in-depth look at…
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Europe
Risk managers must consider message as well as reporting lines–Asia
Although there is some debate as to whether the modern risk manager should report directly to the board, executive or elsewhere, Asian participants of our Global Risk Frontiers Survey tend…
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Europe
Plentiful capacity in soft Asian market but work needed to turn around commoditised price race–Asia
Asian risk managers are happy that a soft insurance market persists and they are able to access sufficient capacity for traditional risks, either from local markets or on the global…
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Europe
ISO 31000 gets nod of approval but requires customisation–Asia
Asian risk managers have given ISO 31000 a thumbs up but stress the importance of adapting it to the local business environment and individual organisation needs.
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Europe
Communicating at all levels is key to success–Asia
While Asian participants of our Global Risk Frontiers Survey believe that technical knowledge is important for any successful risk manager they suggest that softer skills, particularly the ability to communicate…
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Europe
Top down and bottom up approach is needed to ensure boards grasp ERM–Asia
Although there are exceptions, the majority of boards at Asian organisations do not understand the value offered by true enterprise risk management (ERM), according to participants of our Global Risk…
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CRE Insurance
Endurance halts bid to create new global powerhouse through Aspen bid
Endurance Specialty Holdings, the Bermuda-based insurance and reinsurance group, has announced that it has withdrawn its unsolicited offer to acquire rival Bermuda group Aspen.
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CRE Insurance
Abundant capacity drives further fall in global insurance rates finds Marsh
Global insurance rates fell for the fifth consecutive quarter with property rates down by an average of 4.6% in Q2 2014, casualty and financial lines down by 0.6% and professional…
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CRE Insurance
Corporates face tougher human rights rules
The United Nations recently took the unprecedented step of approving a resolution that could one day create international rules on human rights for multinational companies. Whether the initiative will succeed…
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CRE Insurance
Low global insured losses in 2014 but Europe above average–Aon
Global insured and economic losses in the first half of 2014 were both well below the 10-year average, according to Aon Benfield's cat modelling centre Impact Forecasting. Europe, however, suffered…
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Association News
Average total cost of risk rises for third year in row for US firms
The average Total Cost of Risk (TCOR) rose for the third year in a row for RIMS member organisations on the back of hardening insurance rates, according to the society's…