CRE Insurance
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Brussels opens ‘discussion’ on broker pay with CEIOPS
The pressure on European risk managers and their brokers to find an industry agreement on broker pay to remove potential…
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EFSA consults on risk-benefit assessment of food
The European Food Safety Authority’s (EFSA) Scientific Committee has published guidance on the risk-benefit assessment of food for public consultation.
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Saxon farmers win compensation for wolf attacks
The European Commission has authorised the German Land of Saxony to grant aid of up to 80% to farmers for…
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AGCS reports stronger volumes, profits and solvency as integration continues apace
Allianz Global Corporate & Specialty (AGCS), the arm of Munich-based Allianz SE that focuses on large corporate and specialty business,…
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Amlin reports record profits on the back of low losses and buoyant investments
Amlin, the London-based insurance group, reported a record pre-tax profit for 2009 on the back of strongly increased premium volumes,…
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RSA remains committed to European growth despite flat market
RSA, the London-based insurance group, has reported a higher net written premium volume and improved underwriting result but worse combined…
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Risk response not assessment is the key – Comment
I have to confess that when I see a speech on enterprise risk management scheduled at a conference I usually…
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Demand for captives in national oil sector expected to grow
Only a small portion of national oil companies (NOCs) currently operate a captive insurance company, but, broker Marsh believes that…
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EC transport official denies deregulation raises risk to travellers
Siim Kallas, Vice-President of the European Commission responsible for transport, has strongly denied that the recent rail crash in Buizingen,…
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Don’t sacrifice health and safety for short-term profit warns HSE’s Hackitt
International energy industry executives were warned last week to not allow short-term financial targets to overshadow basic health and safety…
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Companies should be hit with “punitive and significant” fines for manslaughter
The U.K. Sentencing Guidelines Council (SGC), the body that advises courts on sentencing, has published a set of principles to…
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AXA CS helps improve group profit but don’t expect terms to relax
AXA Corporate Solutions (ACS) reported slightly reduced revenues on a reported basis, but, sharply increased profits as Paris-based parent AXA…
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Swiss Re bounces back to black
Swiss Re almost put its recent past behind it with the announcement last week of profits of CHF506m for 2009,…
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Aspen announces $400m share buyback as profits rise by 357%
Aspen Insurance Holdings, the Bermuda-based insurance and reinsurance group, confirmed the buoyant mood in the international market, as its board…
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Montpelier Re reports record year and hands back capital
Montpelier Re Holdings, the Bermuda-based short-tail reinsurance and specialty lines carrier, delivered a record net profit in 2009 of $464m…
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Flagstone predicts “challenging” mid-year renewal after record profits
Flagstone Re continued the good news from Bermuda for insurers and reinsurers as it reported a record profit for 2009,…
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Amlin seeks ‘powerful’ role in France with merger of operations
Amlin, the London-based insurance group and biggest underwriting agency at Lloyd’s, has announced plans to form a separate division for…
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Munich Re, SCOR and Hannover Re confirm flat year-end reinsurance renewal
Munich Re confirmed market expectations that the year-end reinsurance renewal would be flat as it announced a consolidated profit significantly…
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AWAC Europe launches professional lines division for SME market
Allied World Assurance Company (Europe), the European arm of Bermuda-based AWAC, has launched a new division that will offer professional…
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AXIS launches renewable team in London and higher profits for 2009
AXIS Capital Holdings, the Bermuda-based insurance and reinsurance group, has formed a renewable energy team within its AXIS Insurance business…