Insurance
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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…
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Solvency II will kill soft market and slam captives warn carriers
Swiss insurance buyers agree with colleagues around Europe that pricing conditions for their core lines will remain stable for the…
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International academics push for outright ban on asbestos…again
The Collegium Ramazzini, an international academic society that specialises in occupational and environmental medicine, has issued a renewed call for…
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European Commissioners force pace on REACH requirements
European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, and Janez Potočnik, Commissioner for Environment, last week urged…
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Talking cars hit the road in Europe
'Talking' cars were out and about on ordinary roads in Europe for the first time last week thanks to European…
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S&P launches benchmark system to help insurance buyers compare performance
Credit rating agency Standard & Poor’s Risk Solutions is launching a series of Insurer Performance Benchmarks (IPBs) that begins with…
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Lloyd’s reports record £3.9bn profit and vows to continue ‘hard slog’ in Europe
Lloyd’s of London, the international insurance and reinsurance marketplace, says it is determined to continue its efforts to break into…
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Industry leaders wary of the return of the wagging long tail
The news of the decision by AIG to boost its loss reserves for Chartis by $2.3bn in the last quarter…
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Pricing discipline will help boost U.K. insurers earnings says Fitch
Fitch Ratings has revised its rating outlook on the U.K. non-life sector to stable from negative based on the credit…
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Non-life rates could rise by up to 20% because of tougher Solvency rules says CEA
Pressure on the architects of Solvency II, Europe’s planned new capital adequacy regime for the insurance sector, to relax recently…
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Don’t panic over mandatory ELD prospect says ACE
Insurance buyers should not fear an E.U.–wide mandatory financial guarantee scheme for Environmental Liability Directive (ELD) coverage that could, in…
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E.U. introduces two Directives to enhance worker rights and safety
The European Union adopted two Directives last week designed to improve worker’s parental leave rights and protect them from injury…