Insurance
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AGCS targets Brazil and wider Latin American region
Having received a local reinsurance license in Brazil, Allianz Global Corporate & Specialty (AGCS) has launched a new local legal…
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ILS market reaches new highs in 2012
Activity in the insurance-linked securities (ILS) market registered a five-year high in 2012 as high fourth quarter activity saw catastrophe…
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Skate to victory
For the third year in a row a team of hardy, and presumably athletic, group of risk and insurance professionals…
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Insurers slow to adopt risk technology say risk managers
Risk managers are steadily increasing their adoption of risk management information systems (RMIS) but there is a concern among some…
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Potential troubles ahead for global multiline insurers as negativity creeps in
Global multiline insurers' (GMIs) credit quality remains 'generally sound' according to S&P, but with negative rating action bubbling beneath the…
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Casualty rates flat but expected to rise finds Airmic
Casualty insurance rates are flat but expected to rise over the next two years according to new research by Airmic.
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AIG board rapidly rejects Starr demand to sue government over bailout terms
AIG yesterday announced that it would not pursue lawsuits filed by Starr International Company, the group run by former AIG…
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Spanish broker Artai targets overseas markets
Spanish broker Artai is following its client base and expanding overseas in an attempt to service corporate clients searching for…
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Change in public private partnerships increases risk for UK infrastructure sector
Draft proposals to change the structure of public private partnerships announced by the UK government in December will create new…
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Ship safety continues upward trend but potential troubles ahead
The 106 ships lost at sea last year continued the long-term upward trend in ship safety with the figure 27%…
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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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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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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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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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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…