Insurance
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Corporate round-up
Marsh makes changes to Energy practice with Andrew George as chairman of global arm, Zurich appoints Vinicio Cellerini as CEO…
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Despite appearances reinsurance market not set for hardening says Willis Re
Despite appearances the reinsurance market is not set for a general hardening, according to Willis Re. Capacity remains plentiful and…
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In search of solutions
Contingent business interruption, the value of people and partnership in the relationship between insurers and risk managers, the role of…
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Best foot forward
Dan Wilkinson took over as CEO of Willis United Kingdom & Ireland late last year. Commercial Risk Europe Editor Adrian…
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EU report calls for kick-start to cyber insurance market
ENISA suggests government-backed cyber pools may be needed and stresses need for mandatory breach reporting. Danger of market focusing on…
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Brokers not happy with EC mandatory disclosure proposals
European corporate insurance brokers will be deep in talks with their legal and lobbying advisors currently to work out the…
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Flood modelling not up to scratch warns Swiss Re expert
The insurance industry needs to develop flood simulation models as a matter of urgency if it is to avoid huge…
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Market in transition says Marsh as Q2 shows continued firming
The global insurance market continued to firm in the second quarter of 2012 but rate increases were less pronounced than…
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Brokers must up game over cyber threat says ACE
ACE has called on brokers to step up their efforts to help clients deal with the growing cyber threat following…
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Pressure builds on insurers over fair disclosure rules
In a consultation process that was launched earlier this week the English Law Commission and Scottish Law Commission proposed a…
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UK spy chief warns of global cyber threat as NatWest reels from major glitch
Jonathan Evans, Director General of Britain's MI5, the UK government’s counter-espionage department, told a meeting of financial executives on Monday…
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Honey-pot system used to flush out cyber hackers at German giant Telekom
Most cyber attacks from external sources can be easily prevented if detection and security software is kept up to date,…
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Airmic guide on RoR to be followed shortly by model clause
Airmic has issued a new guide for members to help them deal with Reservation of Rights (RoR) letters from insurers…
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Moody’s downgrade four Argentine insurers due to new regs and sovereign credit exposure
Moody’s has downgraded four Argentine insurers citing the country’s new insurance regulations and sovereign-related credit exposure.
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QBE creates integrated Risk Management Services practice
QBE has created an integrated Risk Management Services (RMS) practice to help ensure a consistent service for clients and allow…
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Capital weakness in overcrowded Russian market warns AM Best
AM Best believes that half of Russian insurers need to increase their capital bases in a developing market that remains…
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Outlook for Italian insurers stable
The outlook for the Italian property & casualty (P&C) insurance industry remains stable with a predicted improved underwriting performance in…
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Nordic insurers need to adjust investment portfolios as a result of SII–Fitch
Nordic insurers will need to make bigger adjustments to their investment portfolios than their European peers as a result of…
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PwC leader says insurers must embrace change to survive
Insurers must embrace innovation and change over the coming years in order to prosper, according to PwC’s global insurance leader.…
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Average 2012 Atlantic hurricane season expected following two busy years
The 2012 Atlantic hurricane season is expected to witness average activity, bringing welcome relief for insurance buyers and their insurers…