Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Globally, the regulatory burden on corporates is on the increase. This is particularly true in relation to workplace pensions, and anyone who is involved in managing corporate risk will need to understand how this shifting regulatory landscape might impact on their business. In the UK, The Pensions Regulator (TPR) has set out its new approach to pension scheme regulation in…

Risk managers need to ask big questions as Marsh snaps up JLT

Risk managers need to ask big questions as Marsh snaps up JLT

Risk managers need to ask big questions as Marsh snaps up JLT

The news of Marsh & McLennan Companies’ (MMC) proposed acquisition of JLT was unsurprisingly met with shock and disappointment among the European risk management community, because there is little obvious value for the customer in this proposed deal. We spoke to a relatively senior broker at JLT on the day of the acquisition and asked the rather stunned individual how…

Long-term service-based strategy needed as market offers little respite

Long-term service-based strategy needed as market offers little respite

Long-term service-based strategy needed as market offers little respite

Allianz Global Corporate & Specialty (AGCS), the commercial and corporate insurance arm of Allianz Group, posted a decent set of first-half figures during the summer. But Chris Fischer Hirs, CEO of AGCS, said the insurer will not become complacent as premiums continue to rise in some market segments and the combined ratio heads in the right direction. The Munich-based global…

Big change underway at HDI as new specialty carrier takes shape and property book tackled

Big change underway at HDI as new specialty carrier takes shape and property book tackled

Big change underway at HDI as new specialty carrier takes shape and property book tackled

The planned arrival of a leading new global specialty insurer – HDI Global Specialty – through the combination of HDI Global’s specialty business and sister company Hannover Re’s core primary business Inter Hannover, is well on track and “makes a lot of sense”, according to Dr Christian Hinsch, chairman of the board of management at HDI Global…

Insurer results and specialty focus good news for corporate risk managers, for now…

Insurer results and specialty focus good news for corporate risk managers, for now…

Insurer results and specialty focus good news for corporate risk managers, for now…

The latest set of half-year insurer results strongly support the notion that the market believes the cycle is dead and significant strategic change is the only way forward if returns for investors are to be maintained. There is evidence of a hardening in some areas, but generally it is stable. It was noticeable that very few insurance and reinsurance company…

The insurer’s perspective: HDI Denmark

The insurer’s perspective: HDI Denmark

The insurer’s perspective: HDI Denmark

Adrian Ladbury covers the questions in this year’s European Risk Frontiers survey with Michael Klitvad, managing director for HDI Denmark, the local representative of this year’s survey sponsor. Adrian Ladbury [AL]: Will the corporate insurance market harden this year in the Nordic countries? Is there adequate capacity for customer risks in this region and in which areas do you see…

European Court of Justice moves on insurance status of immobilised vehicles

European Court of Justice moves on insurance status of immobilised vehicles

European Court of Justice moves on insurance status of immobilised vehicles

The recent European Court of Justice (ECJ) decision in Fundo de Garantia Automovel v Juliana has confirmed that a vehicle left immobilised on private land is still subject to compulsory motor insurance, irrespective of the owner’s intention not to use the vehicle. The decision will have widespread implications for corporates, who could be required to insure vehicles kept on private…

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