Insurance
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Best expects improved solvency and insurance penetration in Mexico
The new Solvency II-type regulations in Mexico allow for more efficient capital use, innovation in new segments and expanded distribution…
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Finalists of European Risk Management Awards announced
The finalists of this year’s European Risk Management Awards’ Excellence in Customer Services categories, which aim to reward and promote…
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Rwanda gets vote of confidence from ratings agency and World Bank
S&P Global Ratings has affirmed its B/B long- and short-term foreign and local currency sovereign credit ratings on Rwanda. The…
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Airmic and insurance industry welcome Ogden Rate reform
The UK government has responded to pressure from the risk and insurance industry and will reform the way it sets…
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EY and Guardtime launch marine insurance blockchain platform
Consultant EY and software security firm Guardtime have launched what they claim is the world's first blockchain platform for marine…
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Markel to acquire electrical contractors insurance company
Markel International, the London-based specialist insurer, has announced that it is planning to acquire the business of EC Insurance Co…
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No rate increases for German buyers, says Mahnke
Increased capacity within industrial insurance from new carriers means German companies will continue to enjoy current market conditions and not…
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GVNW steps up lobbying effort to ease placement of global programmes
Non-admitted rules that ban insurers from writing industrial business in certain countries are still a major hassle for big companies…
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German cyber market set for take-off as buyers seek €500m of cover
Large German companies are now looking for cyber cover of up to €500m as demand grows, according to experts from…
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German buyers keeping one eye on Brexit repercussions
German risk managers are not overly worried about the disruptive impact Brexit could have upon the London market and continuity…
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Mitsui Sumitomo committed to Germany and Europe for the long term
Japan’s Mitsui Sumitomo Insurance Group (MSG) is in Germany and Europe for the long run and vows to continue its…
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Reinsurance market to soften further despite Harvey and tough underlying conditions
Ratings agencies do not expect soft global reinsurance market conditions to harden because of Hurricane Harvey or continued weak underlying…
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Risk managers welcome supply chain data investment by insurers
Investments by insurers and brokers in the deeper analysis of supply chain risk will be worth the effort, based on…
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Grappling with old and new risk issues
The underlying concerns of German risk and insurance managers have not changed dramatically in recent years, according to GVNW president…
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GVNW: The director’s view
Commercial Risk Europe spoke to GVNW director Jörg Henne about some of the big issues facing the association and its…
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Service is key for insurers as soft market continues: Schilling
The German commercial and corporate insurance market is as competitive as elsewhere in Europe and there are few signs of…
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The customer is king
The decision by Allianz Global Corporate & Specialty (AGCS) to focus board member Andreas Berger on its core German and…
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London will retain its status as insurers choose European offices post-Brexit, says Best
Ireland, Luxembourg and Belgium have been among the most popular domiciles for new EU subsidiaries among insurers that currently access…
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Global reinsurers see net income down but strong balance sheets, says Willis Re
Willis Re has reported that the global reinsurance industry is seeing net incomes and return on equity decreasing, but shareholders’…
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BMS launches new European venture in Spain
Independent insurance and reinsurance broker BMS Group has launched a new European venture, BMS Iberia. The new venture will provide…