Insurance
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Growing fear amongst insurers that they will not be ready for Solvency II
There is a growing fear amongst insurers that they will miss the January 2014 deadline for Solvency II, according to…
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Poor technical results and Solvency II pose real threat to transportation cover
The French transportation insurance industry met in Paris this week for its annual meeting amid concerns about its future due…
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UK insurers failing on risk culture survey shows
UK insurers are failing to embed a fully effective risk culture with almost half of all boards not playing their…
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Insured losses from Emilia-Romagna, Italy earthquake up to €200m—EQECAT
The magnitude 6 earthquake that struck Italy’s northern Emilia-Romagna region last Sunday will likely result in insured losses of around…
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Risk managers struggling to rate trade partner risk amid economic turmoil
The European debt crisis is causing severe problems for German risk managers looking to spot potential credit and financial risks…
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Russian companies ill-prepared for new environmental and reputational risks
Russian companies and risk managers will increasingly have to deal with environmental risks but many are not prepared to adequately…
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Corporate round-up
ACE appoints Mark Homan as Executive Vice President of its international casualty business, Chubb appoints Docherty as Active Underwriter for…
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Marsh sets up public agency trade credit coverage team as demand rises
The increase in political risk in certain areas of the world and fallout from the global financial crisis is forcing…
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Spanish supervisor demands more info on insurer solvency levels
Spain's insurance supervisor is requesting detailed information from the country's insurers in order to gain a clearer idea about their…
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Corporate round-up
ACE launches global mapping tool to help clients evaluate catastrophe and supply chain exposures, Guernsey Finance to appoint Le Poidevin…
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Sustainable policies boost risk management at financial firms says think tank
The integration of sustainable Corporate Social Responsibility (CSR) policies with risk management strategies can boost the ability of financial firms…
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Risk transfer industry must better prepare for intangible asset losses—JLT
JLT has warned that risk managers at global communications, technology and media firms and their risk transfer partners must better…
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Cat bond market issued record $1.3bn in Q1 but upward pressure on pricing
The first quarter of 2012 was the most active on record for the global catastrophe bond market with $1.34bn of…
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IOR elects new council members and include first international representative
The Institute of Operational Risk (IOR) has elected three new council members, including, for the first time, a director from…
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Innovation debate hots up as JLT launches intangible package
As pressure from risk managers across Europe for the insurance industry to react faster, bolder and with more imagination to…
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New Risk Framework proves every cloud has a risky lining
The anticipated adoption of cloud computing by business could be hampered by a failure to properly understand and address the…
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Guernsey made right decision to avoid ‘disproportionate demands’ of SII—Aon
Guernsey’s decision not to apply for equivalence under Solvency II is having a positive impact on its status as the…
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UK business expects cyber attacks to increase despite government plans
Despite the launch of the UK government’s Cyber Security Strategy last November, 85% of business surveyed by IT security firm…
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French Mediator drug scandal reaches court with insurers keeping close watch
A high profile liability trial involving French pharmaceutical company Servier began this week in Paris closely watched by the general…
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Time to ‘end the deadlock’ on CBI says DVS commitee
The 2011 floods that hit Thailand had enormous repercussions and led to heated debates in Germany and the rest of…