Insurance
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Inex24 yet to convince DVS president with key players not on board
The president of the German risk managers’ association DVS is openly sceptical about the proposal for the new electronic insurance…
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Corporate round-up
Kane completes acquisition of HSBC Insurance Management and names key appointments, Brit insurance opens Lloyd’s service company in Sydney, Marsh…
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Japan quake shows traditional BI cover no longer sufficient for supply chain risk
Restrictive cover and limits placed on traditional business interruption insurance mean the product is no longer sufficient, as shown by…
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FERMA advises EC to calm down on collective redress
A Europe-wide approach to consumer collective redress driven by the European Union would have a seriously negative effect on the…
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Insurers failing to keep pace with customers risk landscape warns Munich Re
Primary insurers have been criticised for failing to keep pace with the new risk landscape faced by their clients, according…
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French mutuals descend on Berlin to promote pan-European mutual concept
They advanced stealthily and German insurers had no advance warning. French insurance bosses and their wives, 90 people altogether, of…
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Health and safety a burden says UK industry as BCC call for changes to regulation
Half of UK businesses believe that health and safety ‘yellow tape’ and regulations are a burden, according to a recent…
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Higher than normal US hurricane activity predicted for upcoming season
Various forecasters are predicting an above normal 2011 US hurricane season, with Tropical Storm Risk (TSR) predicting Atlantic basin and…
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MAPFRE and Mitsui Sumitomo extend global agreement
Spanish insurance group MAPFRE and Mitsui Sumitomo Insurance (MIS), the Japanese non-life insurance group, have extended their existing partnership agreement…
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UK’s Willis Ltd appoints new chairman and CEO
Willis Limited, the principal UK broking company of global insurance broker Willis Group Holdings plc has announced that Rodney Baker-Bates…
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Rates up for some but energy market still attractive for buyers says Marsh
Despite increased difficulties for certain primary energy insurance buyers following the recent spate of natural disasters the majority of insureds…
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Guernsey gets green light from Hong Kong as experts reiterate uses of captives
Following the news that Guernsey-based companies have been given the green light to float on the Hong Kong stock exchange…
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Increased liabilities are ‘new normal’ for directors and officers warns Chartis
Chartis has warned directors and officers and their risk managers that they need to adapt to a new legal and…
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Captive owners need to act fast to avert threat of Solvency II warns AM Best
Hopes that European captives may somehow slip under the net of Solvency II because they are small compared with commercial…
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Growing pressure for rate hikes following nat cats-AM Best
The global reinsurance market is hardening with pressure on rates expected to continue as a result of the Japanese Tohoku…
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Corporate round-up
Chubb appoints Jan Auerbach as European risk management manager, Cooper Gay restructures UK business and adds to board, Aon confirms…
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Court decision to reduce disease claims for employers and insurers-QBE
QBE has welcomed a UK Supreme Court decision that ruled in favour of an employer over employees in a hearing…
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Lloyd’s faces $3.8bn in claims from 2011 nat cats and says market will harden
Lloyd’s has estimated that it will face combined net claims from this year’s Japanese and New Zealand earthquakes and the…
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Global organisations underestimate intellectual property risk says report
Many global organisations and their risk managers are failing to understand the intellectual property (IP) risks that they face and…
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Take time for reflection-Comment
The news of the death of Osama Bin Laden, former head of Al-Qaeda, so soon after the wave of political…