Insurance
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Leading risk managers believe German motor fleet prices have bottomed out
Leading risk managers believe the comfortable situation for German companies and smaller fleet operators that has seen premiums for motor…
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Geneva Association to tackle ‘key issues’ of regulation and financial stability
The Geneva Association’s Secretary General has highlighted regulation and financial stability as two key short-term issues facing the insurance industry…
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ETA’s ‘permanent’ ceasefire offer does not convince Spanish firms
The latest offer of a ‘permanent ceasefire’ from ETA, the Basque separatist group, has been greeted with scepticism by Spanish…
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French market mixed—rates up in personal lines but commercial risks flat
The big brokers reported a mixed renewal for French insurance and reinsurance buyers with some rates still soft, most stable…
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Reinsurance brokers report orderly softening in Germany, except motor
The big reinsurance brokers have reported a continuation of high capacity and minor reductions in prices charged to customers at…
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UK buyers enjoy stubbornly soft general p/c rates but motor climbing
UK property and liability markets remain stubbornly soft as reinsurance and primary insurance capacity remains plentiful, according to reports from…
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Stability dominates Italian renewals say big brokers
The Italian insurers enjoyed a stable year-end reinsurance renewals round with more rates falling than rising according to the leading…
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Allianz investment in China Pacific welcomed by analysts
Allianz’s recently increased investment in China Pacific Insurance Co. Ltd. (CPIC) has been welcomed by analysts and represents continued expansion…
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Insurers appear ill-prepared as Solvency II sets off on final lap
As the European Commission announced the formal creation of EIOPA, the pan-European insurance supervisory board that replaces CEIOPS and will…
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Reinsurance rates continue to decline as record capital grows
Global reinsurance rates continued to decline at the January 1, 2011 renewals, falling on average between 5% and 10%, according…
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Brokers on track to deliver Munich Re’s oil risk consortium plan
Reinsurance brokers Guy Carpenter and Willis Re have confirmed that they are working alongside Aon Benfield as placement advisors for…
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Corporate round-up
Willis launches $250m oil and gas facility with Berkshire backing, Ironshore sets up European operation in Dublin, DUAL authorised for…
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UK MPs urge action to secure flood defences as cuts fall
The UK’s Environment, Food and Rural Affairs Committee has called for urgent action from its government to help protect over…
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Austerity drives to slow growth but upswing will prevail says Allianz
Austerity drives will weigh on growth momentum across the eurozone in 2011 but the upswing witnessed in recent quarters will…
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Tackling shipping emissions and its regulation on the agenda
The European Commission (EC) has published the first comprehensive overview of the problem of shipping emissions as debate around regulatory…
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2010 China floods will have limited impact on insurance industry, Guy Carp
China’s 2010 floods will have a limited impact on the insurance industry due to the low insurance penetration levels in…
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Happy Christmas…and a couple of questions
Welcome to the last Commercial Risk Europe newsletter of the year, we hope you find it of interest and have…
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Earthquakes main contributor to $36bn 2010 cat loss
Insured losses from global catastrophes totaled $36bn in 2010, up from $27bn in 2009, according to Guy Carpenter & Company.
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Debate on IMD hots up as insurers and buyers state case
Much of the European insurance sector pitched in last week at a public hearing on a proposed European Commission revision…
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Proposed Spanish law may restrict D&O coverages
Spanish companies might have their option to buy civil liability protection for managers restricted as the new Insurance Contract Act,…