Insurance
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Focus on technical underwriting helped AGCS weather tough market, says Axel Theis
Alliance Global Corporate and Specialty (AGCS), the corporate risk unit of Allianz Group, reported a healthy increase in profit for…
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RIMS calls for extension to TRIA before Senate Committee
RIMS this week called for an extension of the Terrorism Risk Insurance Act (TRIA) before the US Senate Committee on…
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QBE posts $254m 2013 loss on back of US woes
QBE made a loss of $254m last year compared with a $761m profit in 2012 primarily on the back of…
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French government updates terror plan
The French government has implemented a new version of its Vigipirate plan, which aims to prevent and react to terror…
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Mapfre receives ratings upgrade and reports solid results
Mapfre's ratings have been upgraded by S&P primarily because it believes Spain's largest insurer would be able to maintain its…
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New map highlights 2014’s geopolitical risks
Paris-based consultancy Groupe Geos has warned European companies of growing geopolitical risks in key emerging markets and released a security…
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UK floods unlikely to affect ratings for non-life insurers says S&P
Standard & Poor's Ratings Services said this week that it does not expect the ongoing flooding in southern England to…
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Corporate round-up
ACE appoints Hofman-Bang as casualty manager in Denmark and Howden opens Dutch marine unit.
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Swiss Re’s corporate unit posts 30% growth in 2013
Swiss Re Corporate Solutions has reported a near 30% increase in premiums for 2013 as the company continues to target…
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AXA Corporate Solutions achieves modest growth in 2013
Despite a competitive environment and a number of major casualty and construction claims in 2013, AXA Corporate Solutions posted slightly…
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Transactional risk market grows 155% in three years reports Marsh
Global demand for transactional risk insurance that covers mergers and acquisitions (M&As) has grown by 155% over the last three…
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Class actions arrive in France but unlikely to spark mass claims for now
The introduction of class actions in France may increase reputational risk for companies but is unlikely to result in the…
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Lack of cyber cover putting managers at risk warns insurer
The refusal of many German companies to fully acknowledge cyber risks and buy respective cover may have serious consequences for…
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Brazil’s insurance market rules restricting tailor-made coverage bemoan risk managers
Strict rules governing policy wordings are holding back the development of Brazil's corporate insurance market, according to leading risk managers…
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AIG posts $10bn operating profit as p/c business improves
AIG reported a near doubling of full year pre-tax operating profit for its non-life and life insurance business to $10.1bn…
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Zurich posts higher profits and focuses on opportunities in Global Corporate
Switzerland-based Zurich Insurance Group reported a modest 4% rise in total net income to $4bn in 2013, although its Global…
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Hot Seat: Prices up but further work needed–Christian Hinsch, HDI-Gerling Industrie
HDI-Gerling Industrie, the Hannover-based Talanx group's industrial insurance arm, has managed to implement price rises of 3% in the fire…
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What does the relaxation of sanctions against Iran mean for the risk community?
Following the EU and US decision to relax economic sanctions against Iran, Commercial Risk Europe asked experts from law firm…
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Corporate round-up
ACE makes Nordic property management appointments, Aon eSolutions names new Business Development Director, EMEA, ACE enters South African casualty market…
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British government launches scheme to reduce workplace absenteeism
The British Safety Council has welcomed moves by its government to help companies tackle and reduce the costs of long-term…