Insurance
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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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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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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…
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Ten largest non-life insurers showed signs of strength in 2010-Mapfre
The ten largest non-life European insurers showed signs of strength in 2010, according to the latest annual ranking released by…
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Chartis launches CII accredited EIL training for brokers
Chartis Insurance UK has launch of a suite of environmental training materials, accredited by the Chartered Insurance Institute (CII), predominantly…
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Proposed delays to Solvency II met with mixed reaction
The Council of the European Union’s proposals to delay Solvency II until 2014 has been met with a mixed reception…
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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…