English
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Corporate round-up
Willis rolls out all risk D&O cover in Asia Pacific
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Improved risk assessment key as Turkey eyes private future
The Turkish government is keen to further open up its national catastrophe pool (TCIP) to the private insurance and reinsurance…
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ACE places Turkey top of priority list but sees no need to rush
Joseph Clabby, Regional President, Continental Europe, ACE Group, told delegates at this week's Turkey Insurance & Reinsurance Conference hosted by…
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Risk managers must increase focus on corporate ethics hears Sirm conference
Risk managers should pay more attention to corporate ethics to help ensure their companies prosper, Josef Naef, Business Ethicist from…
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Germany drops motor deductible tax scheme to delight of risk managers
German risk managers are pleased that the plan by the German Ministry of Finance to impose insurance tax on deductibles…
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UK financial services sector buckling under weight of new regulation finds survey
The UK financial services sector is struggling to cope with the raft of new regulations that it believes have not…
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S&P downgrades Mapfre to ‘BBB+’ following lowering of Spain ratings
Standard & Poor's Ratings Services this week downgraded to 'BBB+' from 'A-' the long-term counterparty credit and insurer financial strength…
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Property and BI rates stable but likely to increase finds Airmic survey
The cost of property and business interruption (PDBI) cover for UK companies has been stable over the last 12 months…
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Modest rate increases in UK as reserve releases dwindle
Dwindling reserve releases and low investment returns are forcing UK non-life insurers to push for premium hikes, according to AM…
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AGCS appoints CEO of new Mediterranean business
Allianz Global Corporate & Specialty (AGCS) has appointed Patrick Thiels to lead its new Mediterranean operation where he will take…
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Growth and rates up in robust German non-life market finds AM Best
The German non-life insurance sector appears in better health than many of its European neighbours with growth, profits and key…
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Tax and regulatory news
China to replace Business Tax with VAT, Regulators update principles for financial conglomerate supervision, More territories sign up to IAIS…
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Risk managers welcome UK government cyber security guide
The UK government’s decision to issue a 10 point guide to cyber security aimed at top level executives at the…
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Rating environment mixed in challenged Italian market says AM Best
The Italian non-life sector saw growth of 2.1% in 2011 with hardening motor rates offsetting flat property and casualty portfolios,…
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Excess capacity and low claims driving profitability and soft market in Spain-AM Best
With excess capacity in the market and low claims, rates for Spanish non-life risks are under pressure and may well…
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Spanish buyers to face tougher conditions but not just yet says insurer
Insurance buyers in Spain are set to face tougher underwriting conditions as ongoing developments in global markets affect the country's…
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Airmic confident of model reservation of rights clause by end of year despite amendments
Airmic remains confident that its proposed model clause to combat reservation of rights (RoR) issues will come to fruition and…
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Oil and gas sector welcome EP vote to drop safety regulation
The UK offshore oil and gas industry has welcomed a vote by the Industry Committee of the European Parliament in…
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12% of UK workforce has lost work data over the past year finds survey
In worrying news for risk managers trying to fight the battle against cyber risk, 3.1 million, or 12%, of the…
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French buyers set for stable market at renewals with a few notable exceptions
Insurance buyers in France are set to encounter a stable market at the next round of renewals barring a few…
