Insurance
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Insurance sector has key role to play in energy market recovery says Aon
The energy industry is at a pivotal point in its recovery, following an extremely challenging operating environment during the global…
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Bermuda requests buyers support as ABIR states case for equivalence in Brussels
The Bermuda insurance and reinsurance market has stepped up its campaign to gain early recognition by the European Commission as…
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Positive news from CEIOPS as capital charges softened
The European insurance industry appears to have made some headway in its ongoing effort to persuade regulators and politicians that…
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ACE expands environmental offering
ACE U.K. has launched a new environmental insurance policy called Environmental Protect policy that offers coverage for small to medium…
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Health Commissioner announces new animal welfare plan
John Dalli, the recently installed Member of the European Commission responsible for Health and Consumer Policy (DG Sanco), has revealed…
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Higher than average hurricane season predicted for U.S. and Caribbean
The respected Colorado State University's (CSU) Department of Atmospheric Science has issued an updated forecast of the 2010 Atlantic hurricane…
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Policyholders safe as provisional liquidators move in at Quinn
The Irish High Court has appointed joint provisional liquidators to Quinn Insurance Limited after a request was made by the…
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Lloyd’s steps up Solvency II pace
Lloyd’s of London is to step up its effort to help the managing agencies that comprise the market meet the…
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U.K. insurers create new claims office to trace employers’ liability claims
The U.K. Association of British Insurers (ABI) has announced the formation of the Employers’ Liability Tracing Office (ELTO) to help…
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CEIOPS claims ‘clear evidence’ of improved supervisory cooperation
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has published its 2010 Report on the Functioning of Colleges…
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Marsh concludes HSBC broker acquisition to add £130m in revenue
Global broker Marsh has completed its acquisition of HSBC Insurance Brokers Limited (HIBL), the wholly-owned subsidiary of HSBC Bank plc.
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ECJ confirms onus on polluter to prove not liable in first ELD ruling
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
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Insurers call on regulators to recognise minimal systemic threat
A new Geneva Association report has added further evidence to support calls for the differential treatment between insurers and banks.…
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Landscape of risk is rapidly changing as energy sector searches further and deeper
The international oil and gas industry remains confident that it has a long and profitable future despite warnings from some…
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Access to oil remains number one worry for energy managers
The availability of oil and gas resources is the number one risk to the oil industry according to a poll…
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Insurance market up for the challenge—at a price
Insurers and reinsurers are constantly criticised by insurance buyers for failing to meet new risks presented by rapid technological change.…
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Steady as she goes-Axel Theis
Axel Theis, CEO of Allianz Global Corporate & Specialty, has managed a remarkable turnaround in the German group’s large corporate…
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Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans
[LONDON]—Pressure is fast building on the European Commission from insurance company and buyer representative groups to water down the advice…
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EC launches a new block exemption to cool reception
The European Commission has adopted a new Block Exemption Regulation (BER) for the insurance industry that comes into force on…
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Chartis is a leading player but government-backed status bites-Comment
Employees of Chartis, AIG’s non-life operation, are of course sick to the back teeth of reading about their company in…