Insurance
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Corporate round-up
AIG appoints Winslow as head of UK distribution, Lockton expands UK benefits practice, ACE names new head of marketing and…
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AIG advises UK risk managers to focus on casualty as rate rises expected
With almost two-thirds of UK risk managers expecting casualty rates to rise over the next two years, according to a…
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AM Best holds stable outlook for reinsurers despite recent cat hits
Credit rating agency AM Best announced this week that it would hold the rating outlook on the global reinsurance segment…
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Further guidance on proportionality in EIOPA opinion
The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on interim measures on Solvency II towards the end…
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No panic needed over year-end renewals
Early analysis of the year-end renewals from the leading brokers strongly suggests that European corporate insurance managers need not press…
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Demand for credit cover on the rise again in Germany
As the next downturn in the economy approaches, German companies are taking a greater interest in the question of commercial…
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Cat losses sharply down in 2012 despite big US hits
Swiss Re believes that the insurance industry will pay for almost half of an estimated $140bn in economic losses caused…
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Europe’s insurers will use EU gender rules to raise rates: Fitch
New European Union rules that do not allow insurers to set premiums along gender lines which came into force on…
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Global Programme database moves on as Airmic issues second RfP
Airmic has issued a second Request for Proposal (RfP) for companies interested in the creation of a global database of…
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French security chiefs agree united effort needed to meet cyber threat
French companies are poorly prepared to face the threats created by a growing reliance on information technology, according to a…
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German and French companies least prepared for IT failing or cyber attack
Some 99% of European companies have reported financial losses following an IT/cyber incident in the past five years. That was…
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Europe’s insurers call for clarity on Solvency II
Uncertainty surrounding the implementation of Solvency II, Europe’s planned capital adequacy and reporting regime for the insurance sector, was identified…
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Euro solution provides quick fix but basic long-term problems remain
The current solution to the euro crisis being thrashed out in Brussels will provide a short-term fix to the sovereign…
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James to step down as CEO of Lockton International
Julian James, the CEO of Lockton International and former head of international markets at Lloyd’s, has announced his plans to…
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Emerging markets will drive growth story in 2013 predicts Swiss Re
Emerging markets will continue to be the main source of premium growth for both non-life and life insurance markets, according…
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Marketing hype from consultants hampers fight on financial crime
Efforts by the UK government and police to tackle financial crime are hampered by a lack of accurate data about…
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Moody’s sticks with negative outlook for German insurance market
Credit rating agency Moody's announced this week that its credit outlook on the German insurance industry over the next 12…
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Risk managers embrace risk information systems but insurers need to up game
Risk management information systems (RMIS) are becoming an increasingly important tool for risk and insurance managers, both in the internal…
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Zurich sets out new strategy for Germany with SME focus
Following hefty losses on professional indemnity insurance policies for hospitals and architects, insurer Zurich wants to try a new approach…
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Polish terrorist plot highlights threat of ‘black swans’ says expert
The Polish risk management association Polrisk had just started its annual meeting in Warsaw last month when news broke that…