Mandatory EIL regimes could backfire warns broker as China introduces scheme

Mandatory EIL regimes could backfire warns broker as China introduces scheme

Mandatory EIL regimes could backfire warns broker as China introduces scheme

With pollution concerns leading to China’s earlier than expected introduction of a compulsory environmental pollution liability regime, a leading broker has warned that for such schemes to succeed there must be sufficient state support for insurers to enforce risk management standards and markets sufficiently sophisticated to provide coverage at sustainable prices.

Corporate round-up

Corporate round-up

Corporate round-up

René Germann named as Technical Lines Manager for ACE Switzerland, Hyperion names Bloomer as CRO and General Council, Elite Insurance rejoins the ABI and JLT Re appoints CEO for China and Hong Kong.

Asia first – John Tan, ACR Capital Holdings and Asia Capital Reinsurance

Asia first – John Tan, ACR Capital Holdings and Asia Capital Reinsurance

Asia first – John Tan, ACR Capital Holdings and Asia Capital Reinsurance

This year’s Risk Frontiers survey of a sample of leading European risk managers has underlined the fact that emerging markets are the focus for managers of risk who work for big corporations that are desperately seeking new growth and not least in Asia. To find out more about the developing Asian insurance market, CRE editor Adrian Ladbury met John Tan, Chief Executive of ACR Capital Holdings and Asia Capital Reinsurance, to discuss latest developments in the Asian market and what European buyers can expect in the region in the coming years.