Insurance
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Piracy falls to lowest levels since 2007
Piracy on the world's seas is at its lowest first-quarter level since 2007 but the threat remains, the International Chamber…
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Zurich plans expansion in China and refocuses in Malaysia
Switzerland-based Zurich Insurance said this week that it is to take a more aggressive stance in China, opening a new…
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Corporate round-up
Tokio Marine Europe appoints new chief underwriting officer and AIR Worldwide appoints Guin as executive vice president.
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Most UK law firms secured PII cover despite tough market conditions
Despite difficult market conditions and the closing of the Assigned Risk Pool (ARP) the vast majority of English and Welsh…
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Aviation market to soften despite underwriting loss: Aon
Despite higher claims than premium in the aviation market last year the price of cover is set to continue to…
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Malta open for reinsurance special purpose vehicles business
Becoming the first European member state to establish reinsurance special purpose vehicle (SPV) regulation and attract related investment is a…
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Willis warns of severe gaps in cargo cover and launches new facility in response
Willis has warned that in recent years over $100m of cargo losses have not been recovered under traditional cargo policies…
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Corporate round-up
ACE establishes global cyber risk practice, Brokerslink expands Mexican ambitions with new Monterrey member, Guy Carpenter names new head of…
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Product contamination offering launched for food and drinks sector
Global broker Willis this week announced the launch of a product contamination insurance proposition for the food and beverages sector…
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Growing interest in fine art market
As the art world attracts increasingly wealthy investors and prices for art skyrocket the number of insurers in the market…
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TRIA takes encouraging first steps towards renewal
The future of US government-backed terrorism insurance looks more positive after legislation extending the Terrorism Risk Insurance Act (TRIA) was…
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Aspen rejects Endurance bid based on ‘red herring objections’: Charman
Endurance Chairman and Chief Executive John Charman stated this week that Aspen's 'summary rejection' of the $3.2bn bid made for…
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Heightened political risk hits the Brics
Political risk has increased in leading emerging markets, most notably in the so-called Brics countries that have prospered in the…
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No room to relax just yet–comment
Head back a few years and we were all in the middle of the global financial crisis, wondering what the…
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Demand for transactional risk cover sees substantial increase
Global demand for transactional risk insurance has grown substantially in the last three years, with South African use of the…
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Ebola outbreak increases risk for travellers
Risk managers should be closely monitoring the latest outbreak of the Ebola virus in west Africa for both local workers…
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Africa set to continue rapid growth
Excitement continues as key African markets continue to grow and strengthen. AM Best has just produced its annual report on…
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Small bite, big threat
A changing climate and globalisation are increasing the risks to local employees and business travellers to African countries of diseases…
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All change…Bad news on political risk in South Africa; better for Ghana and Uganda
Aon has just launched its political risk map for 2014, which shows the change of risk across Africa. Liz Booth…
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Agriculture–Industry focus
The African Union declared 2014 to be the year of agriculture and food security in Africa. Its aim is to…