Market
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Geneva Association seeks credit for insurers on systemic risk
No insurers and reinsurers pose a systemic risk to the wider financial market based on criteria used by the Financial…
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Europe’s insurers face up to €3bn bill for storm Xynthia
Winter storm Xynthia will probably cost insurers between €1.5bn and €3bn for losses incurred in France, Germany, Belgium and the…
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Greenberg free to talk as AIG confirms further asset sales
Maurice R. Greenberg, the former Chief Executive of AIG, has stated that he believes he no longer faces possible criminal…
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European insurers eye Asian expansion in Prudential’s wake
Allianz, Axa and Zurich are believed to be keen to follow the path taken by Prudential of the U.K., that…
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Don’t let the politicians pass the ELD buck – Comment
There is no bigger supporter of cross-border efforts to try and save the environment from man’s rapacious appetite for natural…
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Flat market for corporate business forecast by major European carriers
During a series of interviews carried out with a group of executives from Europe’s leading industrial insurance carriers just before…
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New risks, new world
The French risk and insurance management profession set a big challenge for themselves and insurers during this year’s AMRAE conference…
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Business as usual… almost – Nicolas Aubert
Chartis’ French operation is one of the biggest and the longest-established in the group. Adrian Ladbury interviewed General Manager Nicolas…
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Chartis bitten by 2002 and prior reserve addition as AIG posts year-end loss
Chartis, the global non-life insurance operation of AIG, reported a fourth quarter 2009 operating loss of $1.8bn that was driven…
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Buyers, insurers and brokers still grappling with ELD’s complexities
The Environmental Liability Directive (ELD) finally reached implementation in all 27 E.U. member states at the end of 2009, two…
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Demand for captives in national oil sector expected to grow
Only a small portion of national oil companies (NOCs) currently operate a captive insurance company, but, broker Marsh believes that…
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‘Fracking’ could free Europe from Russia’s stranglehold on gas, says UK politician
[DUBAI]—Europe could be self-sufficient on power from natural gas, and escape Russia’s supply-stranglehold, if energy companies in Europe follow the…
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Brussels opens ‘discussion’ on broker pay with CEIOPS
The pressure on European risk managers and their brokers to find an industry agreement on broker pay to remove potential…
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AGCS reports stronger volumes, profits and solvency as integration continues apace
Allianz Global Corporate & Specialty (AGCS), the arm of Munich-based Allianz SE that focuses on large corporate and specialty business,…
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Amlin reports record profits on the back of low losses and buoyant investments
Amlin, the London-based insurance group, reported a record pre-tax profit for 2009 on the back of strongly increased premium volumes,…
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RSA remains committed to European growth despite flat market
RSA, the London-based insurance group, has reported a higher net written premium volume and improved underwriting result but worse combined…
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Risk response not assessment is the key – Comment
I have to confess that when I see a speech on enterprise risk management scheduled at a conference I usually…
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Don’t sacrifice health and safety for short-term profit warns HSE’s Hackitt
International energy industry executives were warned last week to not allow short-term financial targets to overshadow basic health and safety…
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Companies should be hit with “punitive and significant” fines for manslaughter
The U.K. Sentencing Guidelines Council (SGC), the body that advises courts on sentencing, has published a set of principles to…
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AXA CS helps improve group profit but don’t expect terms to relax
AXA Corporate Solutions (ACS) reported slightly reduced revenues on a reported basis, but, sharply increased profits as Paris-based parent AXA…
