Insurance
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EU beefs up food safety to limit Japanese nuclear risk
The European Union has imposed import controls on food and animal feed from areas of Japan potentially affected by the…
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Japanese insurers placed on negative watch following disasters
Fitch Ratings has placed four of the five Japanese non-life insurers rated by the agency on Rating Watch Negative, following…
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Earthquakes major cause of $43bn losses in 2010, Swiss Re
Insured losses from natural catastrophes stood at $43bn in 2010, an increase of more than 60% on 2009, according to…
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$300bn Japanese disaster to cause severe supply chain disruption
Multinational companies that rely on Japanese manufacturers for parts and services need to prepare for a global supply chain disruption…
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FERMA wants planned Brazilian law withdrawn amid fears of capacity crunch
European risk managers have warned that new regulations due to kick in on 31 March in Brazil could reduce reinsurance…
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Global programmes seminar to address compliance issues
Commercial Risk Europe’s Risk Frontiers – Global Programmes seminar on April 6th in London is attracting risk and insurance managers…
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CEA to spread ELD claims data but expert downbeat on Solvency II
The CEA is currently working to collect claims data on Environmental Liability Directive (ELD) related losses in order to educate…
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German industry hit by events in Japan but credit insurers help minimise loss
The natural catastrophes in Japan have impacted upon German industry, with a number of German companies forced to reduce operations…
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Spanish transportation risk on the rise as cover becomes hard to find
A mix of the economic crisis, regulatory changes, international political instability and natural catastrophes has highlighted the increasing risk exposure…
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Fukushima problems will slow nuclear renaissance, JLT
Whilst the Fukushima nuclear incident should not create a reduction in insurance capacity and it remains too early to know…
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Aon calls on FSA to consider a firm’s risk profile when asking for extra cash
Aon has called on the UK’s Financial Service Authority to take into consideration a firm’s risk profile as well as…
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IRM launches new qualification in risk management for financial services
The Institute of Risk Management is launching a new international qualification in risk management aimed at the world of financial…
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Allianz secures BMW cooperation agreement at expense of Munich Re’s Ergo
German motor manufacturer BMW has sealed a new cooperation agreement with German insurer Allianz that means the insurer can offer…
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Stricken Fukushima power plant insurance cover minimal, sources say
As radiation from the endangered Fukushima nuclear power plant continues to rise and the exclusion zone around the plant expands,…
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EC takes France to court for industrial pollution and threatens Italy
The European Commission is taking France to the European Court of Justice (ECJ) as at least 62 of its industrial…
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Development of risk assessment tools needed to address Asia risks
It is imperative that risk assessment tools are further developed and that stakeholders develop a thorough database in order to…
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Half of European insurers expect move to shared service centres
European insurers are expected to suffer a loss of local knowledge and proximity to the market if the 50% that…
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Guy Carp and ABI publish guides to help insurers deal with Solvency II
As Solvency II moves a step closer with the publication of its QIS5 results this week, Guy Carpenter and the…
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Reinsurance market in Gulf expected to grow, research shows
Research by Qatar’s Financial Centre Authority (QFC Authority) predicts that reinsurance capacity in the Gulf Cooperation Council (GCC) region will…
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Reinsurers should have capital to absorb Japan losses but market could turn
Global reinsurers should have the capital to absorb the losses resulting from the massive earthquake and tsunami that struck northeastern…