As debates continues as to the future role of captives, in light of the potential impacts of Solvency II and the credit crisis, the key concerns were discussed at a panel debate during the AIRMIC conference earlier this week.
The last few years have seen a relative decline in terrorist attacks in the developed world, but the threat of a terrorist attack remains a big risk, according to terrorism insurance market experts.
A group of insurance company leaders and risk managers debated the key lessons to be learned from the recent economic and financial crisis and how best to cope with emerging risks at a customer event organised by JLT in Salzburg. Tony Dowding reports the key messages for risk managers.
Captive owners in the U.K. face a probable effort by the new government to raise insurance premium tax according to an expert who participated in the latest AIRMIC live debate.
A new law soon to be introduced in Germany has forced board members to look again at their directors’ & officers’ (D&O) insurance cover, and standalone D&O coverage appears to be the best solution.
The insurance industry weathered the recent financial and economic storm better than most and has posted another set of healthy quarterly results. But insurance industry leaders at a recent JLT customer event have warned risk managers that they will have to take a tougher line to maintain margins.
Brokers have told a group of U.S. Senators that oil pollution capacity is likely to fall by about 15% following the BP operated Deepwater rig disaster in the Gulf of Mexico, according to a report on news agency Dow Jones.
Awareness of the risk and the cost of data breach is well established in the U.S. and fast growing in the U.K. Tony Dowding found that mainland European risk managers will soon need to look more closely at the exposure.
IGREA, the association of risk and insurance managers within Spain’s largest companies that was formed last year, plans to step up its lobbying effort now that the group has a formally elected board and strategy in place.
Risk experts at IRM conference agree that ethics should not be dumped in the dustbin of history. Tony Dowding reports.