CRE Legal Regulation
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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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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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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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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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Insurers and buyers fear rash E.C. decision on mandatory environmental coverage
A European Commission report on the efficiency of the Environmental Liability Directives (ELD) is due next month and could recommend…
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Geneva Association seeks credit for insurers on systemic risk
No insurers and reinsurers pose a systemic risk to the wider financial market based on criteria used by the Financial…
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Buyers, insurers and brokers still grappling with ELD’s complexities
The Environmental Liability Directive (ELD) finally reached implementation in all 27 E.U. member states at the end of 2009, two…
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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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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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Gerhardt to leave following PartnerRe acquisition of PARIS RE
PARIS RE Management Board members Hans-Peter Gerhardt, President and CEO, Jean-Luc Gourgeon, Chief Underwriting Officer, Marie-Hélène Autem, Head of Human…
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Time to get real in Brussels – Comment
The European Commission is driving the news agenda in the European corporate insurance buyer’s world this week as the debate…
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Brussels turns attention to broker pay as FERMA explains buyer needs
The European Commission has requested advice on how conflicts of interest between insurance brokers and their customers can be managed…
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Captive groups makes last ditch plea to finance ministers on Solvency II
Leading representatives of Europe’s captive community have written a joint letter to the national finance ministers of the European Union…
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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…
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Tougher Solvency II rules threaten captives cull
Up to 40% of captives may be forced to close as a result of increasingly punitive capital charges imposed by…
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Den Dekker to present buyer case on broker pay to BIPAR
[BRUSSELS] - Peter den Dekker, President of the Federation of European Risk Management Associations (FERMA) will give a presentation to…