CRE Insurance
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Solvency II forecast to hit demand and supply for European corporate debt
Credit rating agency Fitch Ratings’ latest quarterly European fixed income investor survey, that represents the views of managers of an…
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US severe thunderstorm losses up to $5.5bn say AIR
AIR has estimated insured losses from the severe thunderstorm outbreak that struck the US between 22–28 April of between $3.7bn…
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Half of insurers fail to measure and manage risk culture warns consulting firm
Almost half of insurers do not have an effective way of measuring and managing the risk culture within their organisations,…
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Hidden costs of risk engineering can outweigh benefits
MSM Risk Management have warned of the hidden costs of risk engineering and added that without the correct approach the…
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French ships turn to armed guards in bid to stave off piracy risk
French cargo ships are increasingly employing armed security teams in a bid to protect themselves against the raised threat of…
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Omnibus II delays threaten Solvency II deadline, warns KPMG
Delays to the finalisation of Solvency II’s latest revisions are having an ‘unwanted’ impact on the regime’s implementation and increasing…
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Corporate round-up
QBE appoints German country manager, Chartis Europe appoints Fabrice Brossart as chief actuary and Brit Insurance appoints Daniel Mitchell as…
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Single European contract law edges nearer as industry consulted on study
The European Commission has invited interested parties such as risk managers and insurers to provide it with feedback on a…
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Property market faces three-way squeeze that could raise rates—Lockton
Recent catastrophe losses, the introduction of more onerous catastrophe models and rising reinsurance prices all signal an uncertain future for…
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CRE’s IRM newsletter
This is Commercial Risk Europe’s weekly newsletter for members of the Institute of Risk Management. We bring you further coverage…
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IRM urges FSA to set apart risk managers and actuaries under Solvency II
The Institute of Risk Management (IRM) has urged the Financial Services Authority (FSA) to better understand the distinct roles played…
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No general uptick in rates but softening market cannot continue—Marsh
Despite record level catastrophe losses in early 2011 there are no signs of an immediate uptick in insurance rates in…
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German companies unaware of commercial credit insurance option
Whilst the political unrest in North Africa and the Middle East is jeopardising deliveries by German companies to the region…
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LMA unconvinced by dual regulation and calls for further involvement
The Lloyds Market Association (LMA) has criticised the UK government’s planned approach to regulation of Lloyd’s insurers and argued that…
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Full implementation of Solvency II by Jan 2013 ‘unlikely’ says actuary
Actuarial firm Barnett Waddingham believes that full implementation of Solvency II is unlikely to occur in the UK by the…
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AEGON sells Reinsurance arm to SCOR to aid state repayments
Standard and Poor’s (S&P) has affirmed its ‘A’ rating of SCOR SE and stuck to it’s ‘A-‘ rating with negative…
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Market to maintain pressure on Brazil government over reinsurance rules
While European risk managers have called the recent reversal by the Brazilian government of a restrictive reinsurance regulation a ‘step…
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HDI-Gerling looks to expand international book to sell Talanx’s IPO
Risk managers across Europe who feel that their choice of insurers is limited could be well advised to talk to…
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Lockton launches product to help risk managers insure the ‘uninsurable’
Brokerage Lockton has launched a product line to help risk and insurance managers cover areas of risk that have traditionally…
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Chartis critical of changes to UK’s solicitors’ insurance regulations
Chartis has criticised the UK’s Solicitors Regulation Authority’s (SRA) decision to scrap the Associated Risk Pool (ARP) only in 2013,…