Ben Norris
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CRE Insurance
S&P concerned that reinsurers may be underestimating climate change by 50%
Standard & Poor's has warned the reinsurance industry that it may be underestimating the effects of climate change and is…
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Africa
Corporate round-up
Marsh appoints senior global construction specialist, Argo names Generali's Jose Ribeiro as head of international and Brokerslink expands in Africa.
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Aviation
European business at threat from Icelandic ash cloud
The threat of disruption to aviation and wider business interests across Europe from the potential eruption of Icelandic volcano Bardarbunga…
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CRE Insurance
Swiss Re Corporate Solutions names Kuno Linder as German country manager
Swiss Re Corporate Solutions has named Kuno Linder as country manager for Germany as the firm prioritises the country for…
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CRE Insurance
2014 nat cat and man-made disaster insured losses of US$21bn below ten-year average: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totalled US$21bn in the first half of this year, US$6bn less…
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CRE Insurance
Corporate round-up
AGCS moves into Peruvian reinsurance market, ACE launches new PI solutions for media risks, Marsh makes key UK appointments to…
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Association News
Ferma plans to bring Airmic’s ‘popular’ compliance database to members next year
Airmic this week said that its new database of international insurance regulations, Insight Risk Manager, is proving popular, with the…
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Captives
Captive owners ‘surprisingly’ reluctant to write cyber cover: Aon
Aon Global Risk Consulting has found that only 1% of captive owners currently cover cyber risk in their captives.
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CRE Insurance
Panama Canal expansion will increase risk for all warns AGCS
Allianz has warned that plans to double the cargo-carrying capacity of ships transiting the Panama Canal will increase risks for…
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CRE Insurance
AM Best downgrades outlook for reinsurance sector to negative
AM Best has downgraded its ratings outlook on the global reinsurance sector to negative from stable citing 'ongoing market challenges'.
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Asia
Piracy down globally but ‘worrying’ trend of hijacks in Southeast Asia says IMB
The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has raised concerns over…