Insurance
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German industry and credit insurers feel the effects of Russian sanctions
The sanctions in place as a result of the conflict over Ukraine are having a negative effect on German industry…
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Survey finds banks lack data to support risk management
A new survey by the Economist Intelligence Unit reveals that more than half of risk and compliance executives at retail,…
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Op risk climbs agenda in EMEA FIs, rates continue to fall: Aon
Operational risk managers at European and Middle Eastern banks and other financial firms are rising in importance compared with their…
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Outlook for German non-life sector stable as declining competition fuels rate increase: Fitch
Fitch has confirmed its stable rating and sector outlooks for the German non-life insurance market as it churns out continued…
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PwC predicts ‘significant’ softening in London market
PwC anticipates significant softening in the London insurance market for nearly all risk in 2015 and notes a decrease in…
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EC welcomes strategy plan to manage customs risk and bolster supply chains
The European Commission this week welcomed the European Council conclusions on the EU Strategy and Action Plan on customs risk…
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Asian risk managers look forward to relaxed renewals but seek action on innovation
Asian risk managers can look forward to another year of competitive insurance market conditions and soft rates according to experts…
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Berkshire Hathaway enters Asian market and vows to stay for long haul
Asian risk managers were provided with another major new slug of top quality international insurance capacity this week as Berkshire…
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Cyber risks spell new danger for space industry
Cyber-attacks are of growing concern in the space sector and could be the next big emerging risk for satellite operators.
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Risk managers warned of ‘fear multiplier’ and $1.43tn GDP loss if Ebola spreads
An outbreak of Ebola in Europe and the US at the upper levels of current scientific projections could result in…
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AXA to become major player in Nigerian market via majority stake in Mansard
AXA is set to enter the Nigerian insurance market following its agreement to buy a majority stake in Mansard Insurance.
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EIOPA issues final set of SII rules to ensure consistency
The European Insurance and Occupational Pensions Authority (EIOPA) has issued its last set of rules for the implementation of Solvency…
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Corporate round-up
Beazley opens Dubai office to offer MENA solutions, ISO develops two new Ebola endorsements, Willis Re unveils Japan Tsunami model,…
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IRM names José Morago as its new chair
José Morago, Group Risk Director at Aviva, has taken over as chairman of the Institute of Risk Management (IRM) and…
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Q3 global rate reductions of 2.8% reveal increasingly soft market: Marsh
Global insurance rates fell by 2.8% in the third quarter of this year with reductions even more pronounced in Europe…
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Threat of huge price hikes during aviation renewals tempered by excess capacity
Following a series of losses earlier this year aviation insurance renewals faced the threat of big price increases at the…
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Airmic members turn to consultants for help on cyber risk: survey
A new Airmic survey has revealed a big jump in the use of external consultants by its members and a…
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EIOPA SII stress test positive for market but consolidation still likely
European risk managers will be pleased to hear that the European Insurance and Occupational Pensions Authority (EIOPA) this week announced…
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Marsh agrees principles with major carrier to improve contract efficacy
Marsh has agreed a set of principles with a major carrier to help ensure that UK insurance contracts work more…
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Airmic says Pool Re changes good for buyers
Airmic has welcomed changes to terrorism reinsurer Pool Re that it believes will benefit risk managers despite the reported hike…