Ben Norris
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Asia
Corporate round-up
AIG in Europe launches new cyber cover for property and bodily injury risks, Markel applies for Dubai insurance licence to…
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Climate Change
Ferma and Insurance Europe warn against stricter ELD regulations
Ferma and Insurance Europe, the insurance and reinsurance federation, have both told Commercial Risk Europe that they are against the…
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CRE Insurance
TRIA renewal moves closer following US Senate vote
The latest renewal of the US Terrorism Risk Insurance Act (TRIA) took another step forward last week as the Senate…
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CRE Insurance
Terrorist attacks down but fatalities 30% above yearly average finds Maplecroft
Global terrorism fatalities during the last 12 months were 30% above the five-year average with the risk of attack increasing…
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CRE Insurance
Global banks to face US$250bn fines by 2020 as big data bolsters regulatory toolkit: Anomaly42
As the use of big data spreads, global banks could face total fines of up to US$250bn by 2020 for…
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Association News
Ferma’s Michel Dennery gives further details on certification plans
Following news last week that Ferma has given the go ahead to its risk manager certification scheme, the federation's vice-president…
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Association News
Rims’ Mary Roth named president of Ifrima
The International Federation of Risk and Insurance (Ifrima) has appointed RIMS' executive director Mary Roth as president. She takes over…
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CRE Insurance
Overcapacity in primary market leading to improved CBI cover says Willis
Overcapacity in the international construction, property & casualty insurance markets in the first half of this year has resulted in…
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Association News
Certification for risk managers gets green light as Ferma approves plan
In a milestone for the European risk profession Ferma's general assembly has agreed the framework and funding for the federation's…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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CRE Insurance
More work needed on major loss planning finds ACE survey
A new survey by ACE suggests that although major loss planning is on the corporate agenda companies could do more…
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CRE Insurance
Global premium up 1.4% in 2013 but growth slows
Global insurance premiums rose by 1.4% to US$4.64tn last year with non-life business up 2.3% to US$2.03tn, according to figures…
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CRE Insurance
Risk management inadequacy one of 10 grey swan threats facing European insurers
AM Best has named 10 'grey swan' threats, including inadequate risk management, that can be anticipated but would have a…