Insurance
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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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UK Bribery Act concerns financial institutions experts
Underwriters and claims professionals gathered at a Clyde & Co seminar cited the recently passed Bribery Act as the piece…
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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,…
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US files suit against BP, QBE and seven others for Deepwater spill
The US Justice Department yesterday filed a suit against oil giant BP, and eight other companies, including Lloyd’s of London…
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French risk managers are unhappy with insurers
French risk managers are less happy with their insurers and brokers than their European peers. That was one of the…
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Beazley drops pursuit of Hardy
Lloyd's of London insurer Beazley has withdrawn a proposed £180m offer for fellow Lloyd’s insurer Hardy Underwriting.
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French workers more positive about employment following crisis, survey says
French workers are less stressed, but feel more tired in 2010 than in 2009, according the third annual study of…
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P&I clubs bounce back but challenges remain say Willis
Despite good underwriting results in the Protection and Indemnity (P&I) market, record claims levels and a continuing gap in the…
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Emerging markets growth sparks fresh security fears
A gathering of top corporate security chiefs in Paris agreed that risks posed by expansion into emerging markets by European…
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On the ball-Malta Congress
The Malta International Risk and Insurance Congress on November 25 and 26 gathered a highly impressive group of industry leaders…
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The transformer-Mike McGavick
Mike McGavick joined XL Group in 2008 as CEO as the group was reeling from direct hits incurred by its…
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A guide to change-Peter Skinner
Commercial insurance buyers are being listened to in the Solvency II debate and the powers that be do know what…
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Cost of Solvency II compliance higher than expected, survey says
More than half, 57%, of European insurers expect the total cost of Solvency II compliance to be higher than they…
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Piracy shifts to Indian Ocean and east coast of Africa
The last three months has seen pirate activity shift from the Gulf of Aden to the Indian Ocean and along…
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Defaults may rise again in 2012 as insurance industry remains in ‘nervous state’
European corporate default rates are expected to fall modestly during 2011, but may rise again from 2012 in the face…
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Reinsurers dodge bullet during very active hurricane season
Despite the 2010 Atlantic hurricane season being one of the most active on record no hurricanes made US landfall as…
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US P&C insurer outlook stable for 2011 despite difficult market conditions-Fitch
Prospects for the US P&C market are unlikely to improve in 2011 as competitive fundamentals continue to promote inadequate pricing,…
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Time to simplify Solvency II say regulators and insurers
Top European insurance officials have said that the time has come to simplify the Solvency II directive, in a quest…
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CEA claims open market not ready for mandatory ELD cover
The CEA has responded to criticism of a 'negative' approach to mandatory financial security for the Environmental Liability Directive, and…