Insurance
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Risk transfer industry must wake up to clients’ needs in post GFC world – Kendrick
As the world's economy emerges from the other side of the global financial crisis, the risk transfer industry must work…
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Windstorm Christian losses up to €1.3bn
Windstorm Christian that swept its way across northern Europe last week will cost the insurance industry between €800m and €1.3bn,…
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Cyber BI cover on the table as European market hots up
Insurers are increasingly willing to offer cover for cyber-related business interruption (BI) exposures as the industry looks to meet the…
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Corporate round-up
JLT makes moves in the Netherlands and Middle East, Lockton MENA appoints Tony Saada as CEO, JLT launches new All…
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Asia Pacific sees record cat purchase but penetration rate declines
As insurers look to supply clients with capacity in the Asia Pacific, the amount of catastrophe reinsurance purchased in the…
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Capital influx huge opportunity to service uninsurable risks says broker
A leading broker has heralded the influx of alternative capital flowing into the risk transfer market as a 'wonderful opportunity'…
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Risk transfer industry concedes it is failing corporate buyers
The stance being taken by reinsurers in the run-up to renewals is usually a good indication of what might be…
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Inex24 loses board member Witzel
Inex24, the German placement platform for industrial insurance risks, is losing one of its management board members. Rainer Witzel will…
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Intangible risk transfer advice deficient warns broker
Risk managers and their transfer partners must better manage and service intangible asset risks, including cyber, a leading broker has…
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Storm Christian UK losses up to £500m
Winter storm Christian is expected to cost the insurance industry an estimated £300-£500m, although overall losses will likely double as…
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Moghrabi replaces Clabby as ACE’s Regional President for Continental Europe
Jeff Moghrabi will succeed Joseph Clabby as ACE's Regional President for Continental Europe. Steven Reis will in turn replace Mr…
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RIMS members fear consequences of TRIA expiration
A survey of RIMS members has found that 45% of respondents expect a decrease in terrorism coverage limits if TRIA,…
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BaFin warns insurers not to delay preparations for SII
The German insurance supervisor has warned that insurers should not wait until 2016 to introduce new capital adequacy rules under…
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AIG names XL’s Seraina Maag as CEO of its EMEA region
AIG has poached XL's Seraina Maag to be President and Chief Executive Officer of its Europe, Middle East, and Africa…
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Willis reports Q3 loss as Aon profits rise
Willis Group has this week reported a third quarter loss after suffering a $60m debt restructuring charge, while rival broker…
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Corporate round-up
Aon launches UK index-based weather option, PwC adds crisis management expert to ranks and Marsh appoints Manuel López to drive…
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European reinsurance prices under pressure
Many European buyers of reinsurance can expect to see lower prices at the January renewal according to a leading broker.…
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Munich Re accepts defeat on offshore capacity effort
Munich Re, the world's largest reinsurer, has, after three years, failed in its endeavours to sell billion dollar insurance cover…
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Political risk dominates agenda at ABGR seminar
An economic slowdown, a rise in protectionism and the country's government meddling with the economy have created new risks for…
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Infrastructure under threat from cyber attacks and regulation
Critical infrastructure in the US is under increased pressure to protect vital systems and assets from outside cyber threats as…