Insurance
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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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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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Communication and transparency are key for claims
Poor communication, the unnecessary involvement of lawyers and a lack of transparency are key reasons why claims go wrong, according…
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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…
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Corporate round-up
IRM launches Switzerland regional group, ACE expands global programmes offering in Benelux, AIG appoints new UK Head of Commercial Property,…
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Austrian-broker Greco follows clients as it opens new business in Turkey
Austrian firm Greco has become the first broker from the German-speaking part of Europe to open a subsidiary in Turkey.
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Tread lightly and think deeply – sector focus: energy
Jef Vincent, Chief Underwriting Officer at African Trade Insurance Agency, asks how to unlock opportunities in Africa’s energy sector.
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Piracy at lowest levels since 2006
According to International Maritime Bureau (IMB) figures piracy is at its lowest level since 2006, but the marine crime unit…
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East African earthquake less of a risk then realised
Compared to some parts of the world, Africa is relatively safe from major natural catastrophes, however, that does not mean…
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Keep a close eye on broker remuneration and alternative capital-Ken MacDonald, Miller
Murky broker remuneration practices are back on the table and the influx of alternative capital into the reinsurance market will…
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Keeping business African
The role of insurance in facilitating economic growth should not be underestimated, particularly in the African continent where the opportunity…
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Companies prioritising wrong supply chain risks warns expert
Companies tend to prioritise perceived supply chain weaknesses based on level of spend with a particular supplier rather than by…