Insurance
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German industrial insurers await fines decision from federal court
German industrial insurers are keen to hear the decision of the Karlsruhe-based Federal Constitutional Court on how interest should be…
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Corporate Round-up
Ironshore broadens relationship with Equinox to extend trade credit capacity, Aspen Insurance to purchase certain M4 renewal rights in UK,…
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CBI prices up even though Japan losses still to filter through
The Japanese earthquake, tsunami, nuclear disaster and subsequent rolling blackouts have sent some companies in search of supply chain insurance.…
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Capacity buoyant in EMEA but tougher renewals for some—Marsh
Whilst insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA) and most buyers still enjoy favourable market…
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Insurers ill prepared for Solvency II but UK & German p/c segments healthy
Many insurers are ill-prepared for Solvency II and will struggle to meet capital demands, even if its implementation is postponed…
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Piracy still on the up and more bold than ever, but successful hijacks down
Piracy has continued to escalate in the first half of 2011, with Somali pirates, who are still the main perpetrators,…
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US hurricane season could tip pressured market—brokers
According to several broker reports the global insurance and reinsurance markets are under pressure, predominantly due to the recent spate…
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Willis offer innovative non-damage BI cover to ease buyer concern
Complaints by risk managers about a lack of policies to cover business interruption that occurs without a preceding property loss…
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EC to make its intentions on collective address clear by end of year
The Vice-President of the European Commission and EU Justice Commissioner Viviane Reding said this week that it is now a…
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Corporate round-up
AGCS name Scheffel as Berger successor in London, Chartis appoints new Managing Director for UK business, Matthew Holmes to head…
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Amrae publishes paper to help members tackle global programmes
As French companies expand their international activities in a quest for growth, insurance buyers are increasingly faced with the tricky…
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Solicitor PI rates on the up in 2011—Lockton
Solicitors Protection Indemnity (PI) rates are likely to rise by on average 10% in 2011 for firms with no new…
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Lloyd’s say claims time cut by 40% in pilot of new initiative
Lloyds say that claims transactions in its market have been cut by 40%, from 25 to 15 days, in a…
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Tentative step towards global programmes solution taken at London meeting
A senior group of insurance and risk management market figures met at the end of June at the offices of…
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Most insurers robust but 10% fail EIOPA’s adverse Solvency II stress test
According to the European Insurance and Occupational Pensions Authority’s (EIOPA) second Solvency II-related stress test most European insurers remain ‘robust’…
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Mandatory cover for environment still not needed—Bell
Compulsory insurance coverage for Europe’s companies to fix damage caused to the environment is both impractical and unnecessary according to…
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Higher D&O claims causing supervisory board members to opt for own cover
The trend for higher claims in managerial lawsuits can have severe consequences for supervisory board members who are increasingly opting…
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Environmental Civil Sanctions give regulators more freedom to act
The Environmental Civil Sanctions Order & Regulations 2010, which came into force in England and Wales in January of this…
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IAIS issues concept paper on its planned Common Framework for IAIGs
In a bid to close the gap in international supervision of insurance groups the International Association of Insurance Supervisors (IAIS)…
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Corporate round-up
XL Group Plc appoints Paolo Ribotta as Head of Global Distribution, Tony Dilley appointed to newly created role of International…