Insurance
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Insurance industry can innovate if risks spotted early: Galvagni
Agostino Galvagni, CEO of Corporate Solutions at Swiss Re, defended the insurance industry’s performance on innovation in his speech at…
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Brokers see no hardening but advise more retention and long-term deals
German corporate insurance managers will not suffer a general hardening in rates over the next six months so long as…
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Buyers still worried about limited capacity as Argentina launches new rules
Argentina’s much discussed new reinsurance market rules kicked in on September 1 with seven companies authorised to sell coverage in…
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Rating agencies bullish about reinsurance sector prospects
Credit rating agency Moody’s yesterday changed its outlook on the global reinsurance sector to stable from negative in a move…
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Still no hardening foreseen-Comment
Brokers and insurance managers in Germany and across Europe do not expect a dramatic hardening in terms and conditions over…
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Insurance sector still staring into unknown ten years on from 9/11
The Geneva Association yesterday published a major report on the lessons learned and continued implications of the 9/11 terrorist attacks…
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Brokers’ Strong Q2 form in flat market
Decent second quarter numbers from the big brokers should help keep rates under control for corporate insurance buyers in the…
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Corporate round-up
Marsh to acquire key parts of sub-Saharan African broking business, Gras Savoye makes changes at the top, Willis develops nuclear…
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Irene loss estimates up to $6bn
Modeling firms have estimated that the insured losses from US Hurricane Irene will be between $3bn and $6bn.
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Mega loss of $75bn needed to turn this market—Fitch
Fitch Ratings said this week that the profit outlook for the global reinsurance industry remains ‘uncertain’ because of the continued…
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Amlin ‘bloodied…but unbowed’ but must sort Benelux business-analyst
Amlin, the London-based specialist corporate insurance and reinsurance group, needs to ‘sort’ Amlin Corporate Insurance (ACI), the continental European business…
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Environmental risk-insured or not?
Last year an International Underwriting Association report analysed the impact of the Environmental Liability Directive (ELD) and assessed the capabilities…
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CRE seminar to tackle the likely affects of Solvency II on captives
With solvency II looming, Commercial Risk Europe is running a seminar in Frankfurt to help Europe’s risk and insurance managers…
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Policyholders and insurers being made to pay for economic crisis experts warn
Insurers, and ultimately policyholders, are being made to pay the price for the financial crisis and resultant state bailouts, according…
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Insurers must avoid investment traps of Solvency II says Swiss Re’s Hess
Swiss Re’s Chief Economist, Thomas Hess, has warned that the insurance industry is in danger of being forced into investing…
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Insurers recover from bad start to post solid H1
Profits reported by the non-life operations among Europe’s leading insurers were down in the first half of 2011 compared to…
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Reinsurer results look good news for buyers
The first half numbers for Europe’s leading reinsurers may not look so good but the second quarter suggested a more…
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Talanx targets international expansion despite delays to IPO
Even without its long-awaited initial public offering (IPO), German industry-controlled mutual Talanx has embarked on a series of international expansion…
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Brazilian reinsurer aims at global player status and defends new rules
The largest reinsurance company in Brazil, IRB Brazil Re, wants to expand its reach outside of the country’s borders and…
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Loss estimates for largest Virginia quake in a century under $100m
The earthquake that struck Virginia on Tuesday was the largest to strike the US state in more than a century,…