Insurance
-
Criminal liability on the rise in France
French companies are increasingly concerned about the risk of criminal liabilities, a study has revealed.
-
Cat bond market hits new highs, but corporates stay away
Alternative capital continues to exert pressure on reinsurance markets with record volumes of catastrophe bonds issued in the second quarter…
-
Insured nat cat losses of US$17bn well below half year average: Munich Re
Insured losses from natural catastrophes of US$17bn in the first half of this year are well below the ten-year average…
-
Reinsurance pricing at generational low
The reinsurance market continued to soften at the June and July renewals, pushing prices on some reinsurance programmes to the…
-
ACE to become largest P&C insurer in Brazil following Itaú purchase
ACE is to become the largest commercial property and casualty insurer in Brazil following its definitive agreement to buy the…
-
Corporate round-up
Guy Carpenter appoints CEO of Benelux region, ACE launches Benelux surety suite and names new underwriting manager, AGCS appoints new…
-
Mandatory ELD financial security scheme not needed or desirable says Insurance Europe following member survey
The European insurance and reinsurance federation Insurance Europe has reiterated its stance that an EU-wide compulsory financial security scheme to…
-
Reinsurance rates fall again with primary buyers reaping benefits
Global reinsurance rates were down again at the June and July renewals as excess capital continues to chase muted demand,…
-
Talanx targets international business for growth
Talanx has signalled its intention to grow its international business to deliver profits of €1bn in 2017.
-
Changes to UK insurance law could see insurers hit for damages on delayed claims
Forthcoming reform of UK insurance law could see insurers forced to pay damages on valid claims that are paid late…
-
Munich Re’s cat bond withdrawal could signal slowdown of ILS boom
The world's largest reinsurer, Munich Re, has withdrawn the placement of its latest nat cat bond. The Irish special-purpose vehicle,…
-
Corporate round-up
ACE appoints Paul Wilderspin as Client Relationship Manager, UK & Ireland, JLT invests in Independent Insurance Brokers to extend presence…
-
Global warming could cost Europe €190bn finds EC study
Global warming could result in climate damage costing Europe €190bn, according to a new study by the European Commission's Joint…
-
Capital firms failing to address climate change suggests survey
While the majority of London's infrastructure and real estate firms believe climate change is affecting their business a small minority…
-
Corporate round-up
Christopher Lay named president of Marsh's global captive business, Mercer to acquire 34% stake in Alexander Forbes, Aon forms global…
-
Legal safety standards not protecting firms warns MSIG
Businesses and their risk managers need to adopt higher safety standards than those legally required because such basic compliance is…
-
Hedge funds closing in on corporate risk claims expert
The potential for transfer of corporate risk directly to the capital markets via captives and reinsurance sidecars is soon to…
-
Risk industry welcomes TRIA bills, urges quick resolution
Insurance buyers and insurers have welcomed the US House of Representatives' approval of a proposed bill that would extend the…
-
Financial benefits of insurance misunderstood at board level
Insurance is seen as a commodity purchase that warrants little boardroom attention, rather than a financing tool that is, in…
-
More work needed on major loss planning finds ACE survey
A new survey by ACE suggests that although major loss planning is on the corporate agenda companies could do more…