Insurance
-
AGERS names López as new president
AGERS, one of Spain's risk management associations, has chosen Juan Carlos López Porcel, Director of Risk and Insurance for Southern…
-
Corporate round-up
ACE appoints new international Terrorism and Political Violence Underwriter, ORIC names Michael Sicsic as Chairman and Clements Worldwide makes key…
-
Supply of risk capital in CEE under threat suggests S&P
Risk managers looking for cover in central and eastern Europe (CEE) will be concerned that S&P believes that the growth…
-
European windstorm Xaver losses €680m say PERILS
Insured property losses from European windstorm Xaver that struck in early December will total around €680m, according to the catastrophe…
-
Broker calls for creation of national oil insurers to retain premium
National insurance regulators in emerging nations that hold oil resources need to work with local insurance markets to create national…
-
Cyber cover in Germany an issue for medium-sized firms
Although cyber insurance is now available for a broad range of companies in Germany, medium-sized firms can still struggle to…
-
IRM appoints interim CEO as Fowler steps down
The Institute of Risk Management's (IRM) Chief Executive, Steve Fowler, has stepped down from his role to pursue other challenges.…
-
EC calls for firmer implementation of workplace equality rules
European Union rules to tackle discrimination on grounds of racial or ethnic origin, religion or belief, disability, age and sexual…
-
Reinsurers warned to expect downgrades as outlook turns gloomy
Standard & Poor's has warned that some reinsurers face ratings downgrades or acquisition in 2014 and 2015 as pressure on…
-
Amlin to set up branch in Germany
Amlin Europe has received permission from DNB and BaFin, the respective Dutch and German regulatory authorities, to open a branch…
-
EU relaxes economic sanctions against Iran
The EU and the US this week relaxed economic sanctions against Iran that will see a freeing of trade with…
-
Increased fraud uncovered in UK’s financial sector
Risk managers operating in, or keeping a close eye on, the UK's financial services industries may be concerned that the…
-
Corporate round-up
ACE enhances D&O cover for UK and Irish market, AGCS appoints key account manager, FM Global appoints Nicholas Batten as…
-
Cat bonds enjoy bumper year, prices unlikely to fall further: Munich Re
Last year the catastrophe bond market enjoyed its busiest in history, growing by $3.8bn to $19bn as issuances outpaced maturities,…
-
Piracy falls to six year low as Somali threat dissipates
Piracy at sea fell again in 2013 reaching its lowest level for six years on the back of reduced activity…
-
EC agrees measures to deter market abuse
The European Parliament and Council yesterday agreed, in principle, updated rules for financial instrument markets (Markets in Financial Instruments Directive…
-
‘Many events, fewer disaster losses’ in 2013 reports Aon
Insured losses from natural disasters totalled $45bn in 2013, 22% below the ten-year average of $58bn, according to Aon Benfield…
-
Insurer takeover of French brokerage technology company approved
The European Commission revealed this week that it has approved the joint acquisition of Netproassur SASU–a company that develops, implements…
-
Corporate round-up
Argo International launches new EIL product, International SOS launches travel risk mitigation framework and Howden makes senior aviation appointments.
-
Cat bonds top $20bn for first time
Aon Benfield has revealed that eight catastrophe bonds totaling $1.9bn were placed during Q4 of 2013 bringing the total limit…