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CRE Insurance
Fitch upgrades Lloyd’s: predicts improved underwriting performance
Fitch Ratings has upgraded Lloyd's Insurer Financial Strength (IFS) rating to 'AA-' from 'A+' because it expects the market's future cross-cycle underwriting performance will be better than its has historically…
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CRE Risk Management
Staff safety concerns as Brazil hosts football carnival
As the 2014 Fifa World Cup kicks off in Brazil companies should be aware that careful preparation is required to guarantee the safety and wellbeing of staff attending the beautiful…
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CRE Insurance
Munich Re launches property construction cover for unforeseen costs
Munich Re has launched a property cover that kicks in without a preceding damage loss aimed at protecting construction firms from delays or unforeseen circumstances.
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Benelux
Corporate round-up
Fredrik Motzfeldt joins Willis as broker names TMT leaders in Europe and US, ACE appoints claims manager for Nordics, Equinox Global launches Netherlands operation, Torus appoints Jaap Gispen as Branch…
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CRE Risk Management
IRM launches free on-demand webinar service
The Institute of Risk Management (IRM) has launched a free on-demand webinar service to help risk professionals stay ahead of latest development on a range of issues.
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CRE Insurance
Innovation top priority for managing general agents says survey
In what looks like good news for risk and insurance managers demanding more innovation from their transfer partners, managing general agents (MGAs) are prioritising the development of new business lines…
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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.