Insurance
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Rising terror threat largely underinsured
Attacks in Brussels, Lahore and Turkey in the past two weeks highlight the growing human and financial cost of terrorism…
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Brussels attack could see cover tighten for European cities
This week's fatal suicide bombings in Brussels do not represent a significant increase in terrorism risk for business, but they…
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Ferma and Belrim urge focus on risk management following terror attacks
The Federation of European Risk Management Associations (Ferma ) and Belgian risk management association Belrim have sent their condolences to…
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Brown takes over at AXA CS as De Castries announces retirement
AXA Corporate Solutions' new CEO Rob Brown will have little time to settle in to his new role before he…
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Lloyd’s profits drop one third in ‘challenging’ market
Lloyd's yesterday announced a pre-tax profit of £2.1bn for 2015, significantly reduced from the 2014 result of £3bn.
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Risk managers begin to feel burden of the Insurance Act
The application of new insurance contract law under the UK Insurance Act is proving to be a complex and burdensome…
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European insureds underprepared for UK insurance law changes: Ferma
Risk managers at European companies need to urgently familiarise themselves with forthcoming changes to UK insurance contract law, according to…
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HDI continues ‘internationalisation’ process as it maintains firm line at home
German insurance and financial services group Talanx reported this week that HDI Global, its industrial lines primary business, managed to…
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Generali reports decent results as Greco departs
Mario Greco's decision to leave Generali to take over at Zurich meant that he missed the opportunity to report an…
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Marsh warns of uncertainty over Insurance Act remedies
Marsh is urging risk managers to prepare for the introduction of proportionate remedies for non-disclosure under the UK Insurance Act…
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Shipping safety record continues to improve: AGCS
The shipping industry's improved safety record continued last year with the fewest large losses in over a decade, according to…
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Corporate round-up
Artex acquires Kane's captive business, Marsh launches explosion modelling tool for energy sector and Generali names Alan Moore CUO of…
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Marsh finds link between oil price falls and major energy losses
Marsh has warned energy firms against cutting risk management investment following research that reveals a link between oil price falls…
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German firms face increased export risk in emerging markets, warns Coface
German companies face "significantly" increased export risk as the country's strong ties with emerging markets are placed under pressure by…
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Zurich denies Asian exits but tough line at renewals likely
Zurich has denied reports published last month that it has put its Hong Kong and Singapore units up for sale…
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Insurers must focus on discipline and innovation as soft market drags on: Kendrick
Asian corporate insurance managers have enjoyed a long soft market in recent times and analysis from leading brokers alongside evidence…
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MAS pressures insurers to focus on risk management
The Monetary Authority of Singapore (MAS) will step up its efforts to ensure insurers are using the latest cutting-edge risk…
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Demand for global programmes on the rise in Asia-Pacific: Zurich
Demand for global programmes is rising among Asian companies, partly because of fast-maturing risk and insurance management approaches within rapidly…
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Asia-Pacific must recognise link between economic and environmental risk: Zurich
Environmental and social risks pose just as much danger to the continued growth of Asia-Pacific (APAC) businesses as economic factors,…
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Time insurers stepped up technological game
Technology was to the fore at the recent Asia CEO Insurance Conference in Hong Kong. But, as Nicholas Pratt discovers,…