Insurance
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Disruptive forces to shape business risk in 2016
Businesses need to prepare for a wide range of disruptive forces next year, according to the annual RiskMap 2016 report…
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Companies set for specialist cyber directors and risk committees in 2016
Companies will increase their cyber risk boardroom expertise next year to combat the growing cyber threat and ensure they are…
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Corporate roundup
Allied World launches Global Crisis Management Division, Cunningham Lindsey appoints MD for Latin America, AWAC enters fine art and specie…
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Shareholders finally approve Willis Towers Watson merger
Willis and Towers Watson shareholders have approved the merger of the two firms despite a battle to prevent the deal…
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Brussels watch: New distribution rules, data protection reform, sanctions on Russia, Amlin deal green light…
The European Council this week announced the adoption of a directive that establishes new rules on insurance distribution that is…
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Commission approves extension of Danish and Finnish short-term export credit schemes
The European Commission has found, in two separate decisions, that the proposed extension of the Danish and Finnish short-term export…
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Commission approves acquisition of Amlin by Mitsui Sumitomo
The European Commission has approved the acquisition of Lloyd’s-based insurance group Amlin by MS&AD Insurance Group of Japan, via its…
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Agreement reached on Commission’s EU data protection reform
The European Commission’s proposals on EU Data Protection Reform that were originally proposed back in January 2012 and designed to…
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EU seeks to extend sanctions on Russia
The European Union revealed this week that it seeks to make a formal decision on the extension of economic sanctions…
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Business interruption—a growing and expensive risk
Collapsed buildings, damaged factories or destroyed shipping containers—whenever natural catastrophes or man-made disasters strike the physical damage is often devastating…
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News in brief
Bad news for mining sector across Africa, SSA targeted, Not-for-profit solution, Cyber warning and Warning on D&O cover.
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Facing up to the future
The past month has flown by, not least because Commercial Risk Africa has hosted two one-day events on the continent.…
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New climate-related risk disclosures tabled by FSB
The financial stability Board (FSB), the international body created to coordinate the work of national financial authorities and international standard…
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Risk managers urged to consider water-saving mechanisms despite heavy rain in some regions
Risk managers are being warned to take note of the way water risks have been rising up the agenda across…
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South Africa facing tough questions as minister goes
South african financial experts were warning of the increased risk to South Africa’s status in the wake of the removal…
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Political risk persists in Kenya
The reconstitution of the Kenya Cabinet in late November has helped ease the political tensions that had been building up…
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Mauritian government hears Captive Bill reading
The Captive Insurance Bill went through the Mauritius parliament on Friday.
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Insurance market opportunities abound, even as economic growth slows
Sub Saharan Africa (SSA) is still set to have the second fastest-growing economy globally, even though there are signs of…
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Private firms must work with regulators to build trust and improve RM processes
The recently appointed Commissioner of Insurance for Nigeria, Mohammed Kari, has urged private companies and regulatory agencies to work together…
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Swiss Re maps out expansion plans for its Corporate Solutions unit
Swiss Re revealed big plans for its Corporate Solutions operation in early December that includes a push into lead primary…