Insurance
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Ergo seeks growth in Austrian, Dutch and French industrial insurance markets
Munich Re subsidiary Ergo plans to expand its insurance business for corporate clients in Europe and open branch offices in…
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Air France’s very expensive cup of coffee
French airline Air France has been ordered to pay €146,000 in damages after being deemed responsible for injuries suffered by…
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Chartis and Marsh appoint Schimek and South to lead European operations
Robert Schimek has been named the CEO of Chartis EMEA (Europe, Middle East and Africa) as part of group CEO…
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Aon Corp relocates headquarters to London
Aon Corporation is to move its corporate headquarters to London. Aon said that the move 'provides greater access to emerging…
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Market continues to count 2011 cat loss
Last year was one of the most active on record for natural catastrophes, with 253 separate events that generated a…
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Rena losses likely to hit $150m
Containership Rena which ran aground off the New Zealand coast in October 2011 has caused losses amounting to more than…
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Corporate Round-Up
New offices and management restructure for Kane
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World Economic Forum says socioeconomic risks now top agenda
The world has seen a shift of concern from environmental risks to socioeconomic risks in the past year, according to…
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Companies not ready for new Russian liability law on hazardous materials
Organisations that operate in the Russian Federation have been warned to take note of new legislation that could affect insurance…
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Political, credit and security cover buyers can expect softening market in 2012—JLT
Market conditions are improving for buyers of credit, political and security risks (CPS) insurance as high capacity, falling business volumes…
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It’s official—Year end renewals signal calm year for corporate insurance buyers
Leading reinsurance broker Guy Carpenter confirmed building evidence that insurance buyers need not fear a dramatic change in price and…
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Recession will bite in 2012 but green shoots evident
Intro – CRE Editor Adrian Ladbury reviews the latest forecasts for the European and global economy in 2012 and beyond…
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Insurer M&A activity will continue to increase in 2012
On-going regulatory changes to capital requirements in the US and Europe, as well as volatility in Europe, will continue to…
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Plentiful capacity for global insurance market in 2012
The good news for insurance buyers in 2012 is that capacity in the global insurance market remains plentiful and across-the-board…
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New managing agent to bring $200m of nuclear insurance capacity
A new managing agent has been launched bringing new capacity to the global nuclear insurance market. Northcourt Limited can place…
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Reinsurers fail to impose big rate increases as capital levels hold up
Reinsurance buyers enjoyed a relatively calm year-end renewal according to initial reports with significant increase in prices and tighter coverage…
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Brokers need to focus on own liability risks as well as clients’—German experts
This case set off alarm bells in the industry: In 2007 the state of Alaska sued the consulting company Mercer…
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Munich Re confirms 2011 costliest disaster year ever
Last year was the costliest year ever in terms of natural catastrophe losses, according to Munich Re's analysis of the…
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EC urges ‘innovative’ insurance industry to apply gender ruling fairly
The European Commission has adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of…
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Marsh completes Alexander Forbes acquisition
Broker Marsh has completed its previously agreed acquisition of the brokerage business of Alexander Forbes (AF) which includes its South…