Insurance
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Dutch insurance sector outlook stable says Fitch
The outlook for the Dutch insurance sector is stable, according to Fitch, with the vast majority of Dutch insurer ratings…
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Risk manager takes top role at Willis Global Aerospace
Willis has announced the appointment of ‘risk management expert’ Mark Wilford, Director of Risk at Rolls-Royce Group, as chairman of…
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Increased focus needed on solar energy risk says IMIA
Risks faced by solar energy installations are on the rise as they attract the attention of organised gangs looking to…
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Willis’ Sullivan says advances in modeling could end volatile market cycles
In a keynote speech at the Monte Carlo Rendez-vous this week Martin Sullivan, Deputy Chairman of Willis Group and CEO…
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Reinsurers must work hard to reclaim US casualty business—Aon Benfield
Reinsurers missed a big opportunity in US casualty business after 2004 as they viewed the line more pessimistically than the…
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Best practice guide on supply chain management launched by SCRLC
With supply chain disruption at the forefront of many risk managers’ minds following the recent Japanese earthquake and other global…
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Solvency II to shake up insurance market and cause exits–PwC
Solvency II is expected to force insurers and reinsurers to reassess their product mix and exit certain markets, according to…
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Solvency II: French insurers turn focus to governance
Ensuring companies can adapt to the Pillar II requirements of Solvency II is the main challenge facing the French insurance…
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Insured cat losses for H1 $70bn and second highest on record—Swiss Re
The catastrophe losses in the first half of 2011 cost the insurance industry $70bn according to Swiss Re figures. 2011…
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Insurers and buyers must meet halfway to spark unfit CBI market
In order for the insurance industry to supply fit for purpose contingent business interruption (CBI) cover risk managers must provide…
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Low interest rate biggest shock to insurance industry that must adapt
The record low interest rate environment, rather than the recent spate of natural catastrophes, has caused the biggest shock to…
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Jeworrek says CBI cover must change and urges risk managers to up efforts
Torsten Jeworrek, member of Munich Re's Board of Management and Chairman of its Reinsurance Committee, has warned that for severe…
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How to sell a risk-Comment
The Kiwis (New Zealanders), as anyone who has had the ‘pleasure’ of playing rugby against them will attest, do not…
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Reserve redundancies running out but do not pose immediate risk
The significant reserve releases by insurers and reinsurers in recent times to bolster earnings in the absence of healthy investment…
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Pressure mounts for rate hardening in risk transfer industry says Moody’s
The low interest rate environment, depletion of the reserve cushion and moderation in the supply and demand imbalance fuelled by…
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Rate hardening or outlook downgrade?—AM Best
Whilst AM Best’s rating of the global reinsurance segment remains stable the firm said it is taking a wait and…
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Buyers must be prepared to pay for extended BI cover—Hannover Re
Ulrich Wallin, Chairman of the Executive Board of Hannover Re, suggested this week that appetite for extended business interruption coverage…
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Risk distribution survey 2011
Europe’s corporate insurance brokers need to step up efforts to broaden and deepen their global expertise and capabilities if they…
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Recent prominent incidents highlight supply chain risks
When the acid tanker ‘Waldhof’ capsised on the river Rhine near St Goarshausen in January 2011 and the river was…
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Time to cross the Rubicon?-Comment
The decision to carry out our first survey of Europe’s leading brokers was a brave one given the scale of…