Insurance
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Stability dominates Italian renewals say big brokers
Italian insurers enjoyed a stable year-end reinsurance renewals round with more rates falling than rising according to the leading reinsurance…
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Stability in Nordic region as high capacity cancels out losses
The Nordic region suffered rising losses last year as both bad weather and a series of industrial fire losses hit…
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Risk managers struggle to value intangible assets as insurance found wanting
Risk managers who attended a recent JLT Emerging Risks Seminar for the communications, technology and media sector said that they…
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Claims focus needed to address buyers’ concerns and drive growth—report
Insurance companies must re-focus on operational efficiencies and business agility in the face of falling investment incomes and changes to…
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Brazilian law postponement brings global programme issues to the fore
The implementation of a proposed Brazilian insurance law, resolution 224, that many observers believe will drive up the cost of…
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Mining premium may be lost if Queensland losses are disputed
With losses from the Queensland floods complicated by the number of weather related events deemed to have contributed to the…
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Expanding D&O terms could backfire on managers
The trend in the German D&O market to grant additional benefits to insured corporate executives may well backfire, claimed experts…
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Market upbeat on AIG’s latest step to recovery
AIG’s expected sell-down of the US governments stake in its business was met with approval from Moody’s rating services who…
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Guernsey says it has no plans to seek equivalence under Solvency II
Authorities in Guernsey have announced that they have no plans to seek equivalence under Solvency II.
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EC to put back Solvency II start date and adopt transitional measures
The European Commission yesterday put forward legislative amendments to extend Solvency II’s implementation date by two months and enable the…
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UK government to review Bribery Act as business fears mount
Most UK risk managers will be relieved to hear that the UK government has confirmed that it has ordered a…
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Rise in UK inflation highlights WEF’s commodity price risk concerns
An unexpected rise in the UK’s inflation figure on the back of energy and fuel price hikes has brought into…
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Political risk rises and will remain elevated until markets calm–Aon
Despite the world economy broadly on the road to recovery, the level of political risk has risen in more countries…
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Lean times ahead for French insurance market says Accenture
The days of accelerated growth and sure profits are over for the French insurance industry, which should be prepared to…
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Lighter softenening at German Jan 1 primary renewals
Despite already low rates for property and casualty cover most German risk managers were able to get further reductions in…
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Somalia still a concern as record numbers taken by pirates in 2010
The number of hostages taken at sea in 2010 rose to an all time high, the International Chamber of Commerce…
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Lothar the most costly as PERILS gives losses of five major storms
PERILS AG yesterday published its property insurance loss estimates for five major European storms since 1999 that places Lothar as…
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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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2010 Haiti earthquake did not relieve danger and may not be the last
The 2010 Haiti earthquake may only be the first of several to afflict southern Haiti this century and the resultant…