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CRE Insurance
TRIA takes encouraging first steps towards renewal
The future of US government-backed terrorism insurance looks more positive after legislation extending the Terrorism Risk Insurance Act (TRIA) was introduced into the Senate last week. However, insurers have expressed…
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CRE Insurance
Aspen rejects Endurance bid based on ‘red herring objections’: Charman
Endurance Chairman and Chief Executive John Charman stated this week that Aspen's 'summary rejection' of the $3.2bn bid made for the company by fellow Bermuda insurer Endurance Specialty is based…
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CRE Insurance
Heightened political risk hits the Brics
Political risk has increased in leading emerging markets, most notably in the so-called Brics countries that have prospered in the post-crisis global economy and represent a large share of worldwide…
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Association News
AMRAE delivers its latest evaluation of risk management software
AMRAE has launched the 2014 edition of its annual risk management software survey that takes a broad look at the products and services on offer to its members and the…
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Aviation
Aviation market to soften despite underwriting loss: Aon
Despite higher claims than premium in the aviation market last year the price of cover is set to continue to fall, Aon said this week.
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CRE Insurance
Malta open for reinsurance special purpose vehicles business
Becoming the first European member state to establish reinsurance special purpose vehicle (SPV) regulation and attract related investment is a key target for Malta, delegates at a recent seminar at…
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CRE Risk Management
Alvarez & Marsal beef up European risk operations
European risk and insurance managers in need of independent advice on the effectiveness of their risk and insurance programmes can expect to hear more from privately held US advisory firm…
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CRE Insurance
Willis warns of severe gaps in cargo cover and launches new facility in response
Willis has warned that in recent years over $100m of cargo losses have not been recovered under traditional cargo policies due to 'critical exposures' being excluded.
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CRE Risk Management
Middle Eastern risk managers striving for independence
Risk managers at Middle East financial institutions are increasingly able to assert their independence thanks to better awareness of corporate governance. The relationship between board members and risk managers was…
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Aviation
Corporate round-up
ACE establishes global cyber risk practice, Brokerslink expands Mexican ambitions with new Monterrey member, Guy Carpenter names new head of operations in Turkey and Catlin to lead General Aviation Consortium…
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CRE Insurance
Product contamination offering launched for food and drinks sector
Global broker Willis this week announced the launch of a product contamination insurance proposition for the food and beverages sector that explicitly recognises risk management standards achieved by customers.
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CRE Insurance
Growing interest in fine art market
As the art world attracts increasingly wealthy investors and prices for art skyrocket the number of insurers in the market is also growing. As a consequence rates are under pressure…
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Africa
Nigerian risk managers soon to have first domestic certification
Nigerian risk managers may soon have a formal certification system, if plans to introduce such a scheme go ahead.
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Africa
Ghana’s insurance regulator shows some muscle with new directive
Bad corporate practices are being brought to an end in Ghana where the National Insurance Commission (NIC) on 1 April enacted a ‘no premium, no cover’ directive.
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Africa
New money for east African reinsurance
A German developmental financial institution Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) is the latest investor in the COMESA region-focused reinsurance company Zep-Re, a development that will improve the reinsurer’s capital base…
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Africa
Thirty per cent of Africa’s economies more at risk from ‘external shocks’ to growth
Sub-Saharan Africa’s robust economic growth could be more fragile than many investors realise. According to new research from Maplecroft, 30% of African economies are experiencing an increase in exposure to…
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Africa
Huge opportunity looms in Nigerian insurance industry
The rebasing of Nigeria’s GDP has created an even larger opportunity for investors moving into the Nigerian insurance market.
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Africa
News in brief
Catastrophe analysis, Transformation failures, Stow-away sea change, Hacked off and Freight cargo probe.
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Africa
No room to relax just yet–comment
Head back a few years and we were all in the middle of the global financial crisis, wondering what the future might hold and how we would ever get out…
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Africa
Demand for transactional risk cover sees substantial increase
Global demand for transactional risk insurance has grown substantially in the last three years, with South African use of the insurance increasing particularly fast.