CRE Insurance
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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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Willis warns of coverage gaps following recent political turmoil
Insurance buyers may soon find that they are unable to retain sufficient insurance coverage for risks in politically charged regions…
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Marsh & McLennan make senior management changes
Marsh & McLennan Companies last night made changes to its senior management team as Dan Glaser was appointed to the…
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UK’s FSA criticised for ‘two-tier’ approach to Solvency II
The FSA’s announcement that it will focus its internal resources on aiding the largest UK insurers, or high risk and…
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CEA concerned by new Argentinian reinsurance regulation that will raise prices
The CEA has written to the Argentinian Superintendent of Insurance (SSN) and the Argentinian government to express its concerns about…
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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,…
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Corporate round-up
Willis international appoint David Margrett as CEO, Kiln intends to merge Syndicate 807 with Syndicate 510, JLT gets license for…
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Capital at all time high and still strong despite 2011 nat cats-Aon Benfield
Reinsurer capital levels were at a record high at year-end of 2010 and remain strong despite the spate of catastrophe…
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German fidelity insurers expand coverage to increase take up from buyers
Due to relatively low demand German fidelity guarantee insurers are expanding their conditions to make their products more attractive for…
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Czech risk managers and brokers look to adopt transparency protocol
ASPAR CZ, the Czech risk management association, is in the midst of discussions with the country’s broker association on adopting…
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Japan losses up to $26bn says RMS as reinsurers say market will harden
Modelling firm Risk Management Solutions (RMS) has this week estimated insured property losses from the earthquake and tsunami that struck…
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Time for action on global programmes is here-Comment
Last week’s Global Programmes seminar organised by CRE in partnership with AIRMIC concluded with an agreement by the leading insurers…
