Insurance
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Belrim President calls for clarification on ELD from EU
Gaetan Lefevre, President of Belrim, the Belgian risk management association, has called on the European Union (EU) to provide urgent…
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Corporate round-up
JLT intends to buy majority interest in Chile broker Corredores de Seguros, Liberty launches new joint initiative to provide war…
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Global political violence rates likely to increase at Jan 1 renewals-ACE
Whilst rates for terrorism and political violence cover in distressed parts of the world such as Libya and Bahrain have…
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UK regulator to differentiate insurance risks as Solvency II start questioned
Insurance regulation in the UK under the Prudential Regulation Authority (PRA) will be ‘forward looking’, recognise the different risks posed…
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German motor insurers anger buyers with mid policy price hike demands
German risk managers are angry over the practice of at least four German motor insurers who have attempted to impose…
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Corporate round-up
EIOPA’S stakeholder groups elect new Chair and Vice Chair and Catlin Re Switzerland opens Madrid office and adds senior underwriter.
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US tornado losses approach $20bn and add to pricing pressure-analyst
Global losses from the tornadoes that struck the US in April and May are approaching $20bn and will add to…
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CBI underwriters failing to price and reserve risk correctly says JLT
Highlighted by the recent Japan earthquake and subsequent Tsunami underwriters are failing to properly rate and reserve contingent business interruption…
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Deepwater’s Transocean and Macondo Well owners wrangle over insurance
The insurers of Transocean Ltd sunken Deepwater Horizon drilling rig have asked a federal judge to decide whether BP and…
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Reinsurance capital down 6% at end of Q1
Total global reinsurance capital fell by 6% to $440bn by the end of the first quarter of 2011, down from…
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EU more risky than ever for chemical users
Chemicals have always posed a risk. Yet in the past few years they have become far riskier, in business terms,…
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BI and supply chain products ‘not fit for purpose’ claims Marsh’s Davies
Risk management at large FTSE 350 companies is shifting away from predominantly pre-event risk identification type approaches to post-event reaction…
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UK EIL market slower than expected but demand set to rise: Underwriters
Environmental liability has been shoved up the corporate agenda recently in the UK following the transposition of the European Environmental…
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CEA figures show non-life written premium up for first time in two years
Non-life gross written premiums were up 4% in 2010 to €428bn within CEA member countries, according to preliminary figures from…
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Monday’s Christchurch earthquake loss estimate up to $5bn
An earthquake that hit the already stricken New Zealand city of Christchurch on Monday is expected to cause $3bn to…
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Experts back Guernsey’s decision not to seek Solvency II equivalence
Guernsey-based insurance practitioners, as well as experts who operate predominantly outside of the jurisdiction, have backed the island’s decision to…
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German risk managers back Mitsui Sumitomo expansion plans
German risk managers fully support plans by Asian insurer Mitsui Sumitomo to establish a new risk carrier in Germany and…
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Time for radical thinking?
In May Commercial Risk Europe held a lively seminar on global programmes in London and all parties agreed that industry…
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One small step-Comment
It is great news that AIRMIC, LIIBA and FERMA have managed to arrange a market meeting in London to kick…
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The independent candidate-Ken MacDonald
Miller is a London-based broker with a strategy to build its European corporate insurance business that is based on technical…