Insurance
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DVS chair Hans-Jürgen Allerdissen leaves Deutsche Bahn
In a surprise move DVS chairman Hans-Jürgen Allerdissen has left German Railway's captive Deutsche Verkehrs-Assekuranz-GmbH (DVA).
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$450m losses from flight MH370 will not arrest soft aviation market–S&P
S&P estimates that insured losses from missing Malaysia Airlines flight 370 will total between $250m and $450m and not arrest…
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French risk managers want improvements to BI coverages
The French risk management association AMRAE has called for improvements to business interruption (BI) coverage to better service the needs…
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FCA claims review cautiously welcomed by UK buyers
The UK regulator has confirmed that it is to look into how the country's insurers handle commercial claims, a move…
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Low losses and fresh capacity to drive rates down 20% in energy market: Marsh
Broker Marsh believes that energy insurance buyers can look forward to softening rates this year of up to 20% on…
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When will tumbling reinsurance rates be passed on to primary buyers?
Reinsurance rate declines are accelerating, Willis Re reported this week. The big question now is when will the prices be…
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FCA leak causes consternation amongst insurers and politicians
The UK's Financial Conduct Authority (FCA) caused a political storm last week as it leaked details of its 2014 Business…
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Corporate round-up
Generali and Mitsui Sumitomo join forces in nine new markets to develop multinational offering, AWAC establishes Lloyd's managing agent, Kiln…
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Rising nat cat exposures demand timely response
A string of large natural catastrophes over the past five years has shown that no business is immune from the…
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Insurers battling with Solvency II’s Pillar 3 requirements
With Solvency II reporting deadlines fast approaching a poll by PwC has revealed that 68% of UK insurers are less…
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Lloyd’s sees profit rise but warns 2014 results will suffer from pricing pressure
Lloyd's new chief executive Inga Beale has warned of challenging conditions despite the market reporting record levels of revenues and…
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Talanx targets industrial growth despite underwriting loss in 2013
German insurance and reinsurance group Talanx AG has posted a record net profit in 2013, despite an underwriting loss in…
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Studies warn of climate change effects with 2013 sixth warmest year on record
Two new studies have warned about the long-term impact of climate change on extreme weather events and resultant financial loss.
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Host of global carriers chase leading Brazilian insurer: sources
Talanx, Swiss Re, Ace, Zurich and Fairfax are all bidding for the industrial insurance unit of Itaú Unibanco in Brazil,…
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Mixed picture for insurance buyers in Latin America
Commercial insurance buyers face challenges in unstable Latin American insurance markets such as Venezuela, as well as in high performance…
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Insurers improving ERM finds Guy Carp study
Insurers are improving their Enterprise Risk Management (ERM) with most companies now managing capital through metric-based frameworks and publishing more…
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Premiums and profits down at France’s state-owned reinsurer
France's state-owned reinsurance company, Caisse Centrale de Réassurance (CCR), posted lower premiums and profits in 2013 as a result of…
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Corporate round-up
AIG’s UK business reports improved results, AIG in the UK enhances personal accident & business travel cover, ACE appoints new…
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German risk management community loses key players to insurance industry
Germany's risk management community lost two prominent members to the insurance industry over the last week with Klaus Greimel of…
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Global energy sector an open invitation to cyber hackers warns Marsh
The global energy sector is increasingly vulnerable to cyber attacks with its adoption of internet-based industrial control systems (ICS) an…