Insurance
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Credit analysts react calmly to $4.1bn reserve addition for Chartis
The news from New York this week that AIG has booked a $4.1bn charge for adverse development of long tail…
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Asia Pacific market set for growth and Solvency II dilemma, survey says
The Asia Pacific insurance market is set to grow significantly over the next two years according to respondents to a…
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ISO releases standard as fears of nanotechnology safety rise
The rapid growth of nanotechnology-based products has persuaded the International Organization for Standards (ISO) to publish an international standard to…
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EC offers smaller insurers ray of hope on Solvency II claim rating agencies
The transition measures that the EC recently suggested for Solvency II that could delay important elements of the package by…
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Egyptian unrest to spark business interruption claims and restrict cover
The recent unrest in Egypt is likely to trigger many business interruption claims, but physical damage losses are expected to…
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Insurers warn ELD stakeholders to up game or face mandatory schemes
Leading specialist environmental insurers have called on all stakeholders involved with and affected by the Environmental Liability Directive (ELD) to…
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France boosts powers of IT security agency
The French government has boosted the powers of the agency created to strengthen cyber security in the country.
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EC finally launches collective redress consultation but is against US-style class actions
The European Commission has finally acted on its long discussed plan to potentially introduce rules to make it easier for…
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UK insurers must react to European supervisory regime says Hector Sants
Hector Sants, Chief Executive of the UK’s Financial Services Authority (FSA), has called on the country’s insurance industry to organise…
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Court ruling flags up ‘softer’ disclosure rules in Germany
A German court has told the country's industrial insurers that they can no longer rely on brokers' questionnaires when evaluating…
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Increased liability on UK’s nuclear sector could result in cover gaps
New proposals from the UK government will place an unexpectedly high level of liability on the nuclear sector in a…
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Reinsurance prices stable as SCOR increases written premium
Reinsurances prices were “virtually stable” at the 1 Jan renewals for SCOR’s non-life business, with a weighted average decrease of…
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Soft market conditions in EMEA look set to continue says Marsh report
Soft commercial insurance market conditions persisted throughout Europe, the Middle East and Africa (EMEA) in 2010 and are set to…
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Cooper Gay sets up European trading unit
Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has launched Cooper Gay European Markets. The London-based…
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CEA raises fears over rushed Solvency II and accounting standards
As the European insurance market braces itself for the publication of results of the QIS5 study on the probable impact…
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Solvency II will help clear out fringe capacity claim insurers
Solvency II will put low-cost insurers under the spotlight and make it harder for risk managers to justify the use…
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EIL market in France expands as full extent of ELD liability comes into focus
The French EIL market is now showing signs of steady growth, following the implementation of the Environmental Liability Directive, as…
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Soft market was reason to be disciplined at renewals report Munich Re
Reinsurance rates continued to soften across lines and regions at the 1 January renewals, with some major German reinsurers demonstrating…
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Lord Levene warns against over regulation
The chairman of Lloyds’ of London, Lord Levene, has joined the chorus of insurance leaders who have warned against the…
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Rhine spillage hits ship owners and industry
With the Rhine still closed to ships travelling downriver companies and ship owners alike have been hit with business interruption…