Market
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Planned new Spanish insurance contract law good news for buyers
The likely adoption of a new Spanish insurance contract law is good news for insurance buyers, according to risk managers…
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Changes to Brazilian insurance law welcome but not enough-FERMA
The Federation of European Risk Management Associations (FERMA) has welcomed recent amendments to a much-criticised reinsurance law in Brazil, but…
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Willis and S&P give warnings over Solvency II QIS5 results
Willis Re has reported that the results of Solvency II’s QIS5 study suggest that it will not bring about a…
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Piracy at all time high in 2011
Piracy has hit an all time high in the first three months of 2011 with 142 attacks worldwide, the International…
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German fidelity insurers expand coverage to increase take up from buyers
Due to relatively low demand German fidelity guarantee insurers are expanding their conditions to make their products more attractive for…
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Czech risk managers and brokers look to adopt transparency protocol
ASPAR CZ, the Czech risk management association, is in the midst of discussions with the country’s broker association on adopting…
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Japan losses up to $26bn says RMS as reinsurers say market will harden
Modelling firm Risk Management Solutions (RMS) has this week estimated insured property losses from the earthquake and tsunami that struck…
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Time for action on global programmes is here-Comment
Last week’s Global Programmes seminar organised by CRE in partnership with AIRMIC concluded with an agreement by the leading insurers…
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Soft energy market broken but now in limbo—Willis
Energy insurance rates have stopped falling as a result of losses in early 2011, but with an abundance of capacity…
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Best practice makes perfect-Joe Clabby
Joe Clabby was recently appointed president of ACE Continental Europe and is charged with further growing the group’s European business…
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Associations agree to start formal debate with market to fix global programmes
FERMA, AIRMIC and a group of leading international insurers and brokers have agreed in principle to meet in London to…
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German freight companies face premium hike after court ruling
German freight forwarders, or logistic companies, fear that motor third party liability premiums for trailers may rise dramatically due to…
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French nuclear industry under pressure following Japanese disaster
The nuclear crisis in Japan has fuelled pressures in France over the security of the country's extensive network of nuclear…
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CRE launches Risk Frontiers Survey 2011–Breaking down the barriers to insurability
CRE’s annual pan-European risk & insurance manager survey, supported again this year by XL Insurance, is underway. It comes as…
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XL launches in China
XL Group opened a new non-life subsidiary in Shanghai, China, last week that will offer products and services in property,…
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Airline rates up but down on risk exposure adjusted basis, Aon Risk Solution
Airline passenger numbers are expected to rise globally by an average of 10% in 2011, following a downturn in numbers…
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Insurer groups tell EC to calm down on Solvency II or face ‘dire consequences’
Leading representative groups of the European insurance industry have strongly urged the European Commission to change course on Solvency II.…
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Chartis covered latest Telekom D&O claims say sources
Former chief executives of German telecommunications company Telekom have agreed to a settlement with their former employer in which they…
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Brazil reportedly backs down on reinsurance rules following buyer pressure
Following pressure from FERMA and other risk management and insurance associations the Brazilian government has partially backtracked on two heavily…
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Market uncertain as to whether Japanese disaster will raise primary rates
With damage estimated at $300bn, the deadly earthquake and tsunami that struck north-eastern Japan last month is being called the…
