Insurance
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XL Catlin names German heads and US specialty leadership team
XL Catlin has announced its new leadership team for Germany and its Specialty Insurance division in the US.
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Marsh looks to SME market with $258m acquisition
Marsh has reached an agreement with SME-focused UK insurance broker Jelf to acquire the company for around £258m.
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Recall insurance set to play role in supply chain risk
Insurers are looking at ways to enhance product recall insurance as part of the solution to increasingly complex and concentrated…
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FM Global claims data reaffirms importance of fire risk management
Flooding is the most likely peril to cause damage and disruption to UK business property but fire poses the greatest…
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Tianjin blasts expose accumulation risk facing maritime industry
The massive explosions at the Chinese port of Tianjin last month will be a major talking point for marine underwriters,…
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AGCS to focus on organic growth and Fireman’s Fund integration as M&A fever grips market
Commercial Risk Europe editor Adrian Ladbury asked Allianz Global Corporate & Specialty (AGCS) CEO Chris Fischer Hirs about the Germany-based…
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Corporate round-up
Allied World Global Markets expands casualty team, Van Ede joins Aon Risk Solutions as head of business development, global trade…
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Takeover frenzy sweeps London as Mitsui announces £3.47bn Amlin deal
The London and international insurance market is rife with rumours about yet more takeover activity after Japanese insurance group Mitsui…
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Risk managers at DVS fear M&As will reduce choice and capacity
German and international risk and insurance managers are becoming increasingly nervous about the impact of the recent frenzy of mergers…
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Reinsurance rate decreases to slow: concerns over reinsurers’ prudence
With the annual reinsurance renewal negotiations due to begin this weekend in Monte Carlo, further rate reductions and consolidation are…
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DVS’ Mahnke calls for terror extension and promotion of risk management
German risk management association DVS has called for an extension to the state programme covering terror risks that is operated…
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Zurich bid for RSA should not be affected by Latin American sale
UK-based insurance group RSA has announced the disposal of its businesses in Latin America to Suramericana for £403m in cash.
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Insurers need to embrace the digital revolution and change model: Maag
The digital revolution threatens existing business models and is inevitably leading to the development of new approaches, Seraina Maag, Head…
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Cybercrime costs global economy $445bn per year
Cybercrime now costs the global economy $445bn per year with the world's top ten economies accounting for $250bn of the…
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Marsh to deliver German cyber wordings to drive standards
Marsh plans to come up with its own wordings for cyber insurance in the German market this year in order…
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Insurance industry must work out how to use Big Data to deliver better solutions
The rise of so-called Big Data offers the corporate insurance industry a great opportunity to tackle challenges such as closing…
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Köhler bemoans lack of capacity for large risks
Gregor Köhler, DVS board member and head of insurance at pharmaceutical giant Bayer, has moaned that there is a lack…
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The best is yet to come?
Steve Mbogo reports on the current state of the Kenyan insurance market, finding record growth but plenty more opportunity too.
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Building strong foundations
The Institute of Risk Management South Africa, in conjunction with the Cruywagen Foundation, offers internships to students annually. This year,…
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Thinking big
Nigeria’s current Risk Manager of the Year, Kunle Odetola-Odeleye, talks to Commercial Risk Africa.