UK/Ireland
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Risk advice in demand from UK charities
UK charities increasingly seek advice on risk management, particularly about how to deal with volunteer workers, according to a recently…
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UK insurers must react to European supervisory regime says Hector Sants
Hector Sants, Chief Executive of the UK’s Financial Services Authority (FSA), has called on the country’s insurance industry to organise…
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Increased liability on UK’s nuclear sector could result in cover gaps
New proposals from the UK government will place an unexpectedly high level of liability on the nuclear sector in a…
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JLT welcomes delay on UK Bribery Act and extra time to prepare
Broker JLT Specialty’s Directors and Officers liability team last week welcomed the delay to the implementation of the UK Bribery…
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UK buyers enjoy stubbornly soft commercial rates but motor climbing
The primary UK property / casualty insurance market is currently flat to soft as abundant capacity persists and insurance buyers…
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UK government to review Bribery Act as business fears mount
Most UK risk managers will be relieved to hear that the UK government has confirmed that it has ordered a…
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Rise in UK inflation highlights WEF’s commodity price risk concerns
An unexpected rise in the UK’s inflation figure on the back of energy and fuel price hikes has brought into…
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UK buyers enjoy stubbornly soft general p/c rates but motor climbing
UK property and liability markets remain stubbornly soft as reinsurance and primary insurance capacity remains plentiful, according to reports from…
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UK MPs urge action to secure flood defences as cuts fall
The UK’s Environment, Food and Rural Affairs Committee has called for urgent action from its government to help protect over…
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US files suit against BP, QBE and seven others for Deepwater spill
The US Justice Department yesterday filed a suit against oil giant BP, and eight other companies, including Lloyd’s of London…
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Beazley drops pursuit of Hardy
Lloyd's of London insurer Beazley has withdrawn a proposed £180m offer for fellow Lloyd’s insurer Hardy Underwriting.
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UK corporates believe severity and variety of risks on the increase
Mid-sized corporations in the UK believe that they are exposed to more risks than five years ago and that those…
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UK Bribery Act concerns financial institutions experts
Underwriters and claims professionals gathered at a Clyde & Co seminar cited the recently passed Bribery Act as the piece…
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Bribery Act will stifle UK firms abroad: IRM
Experts gathered at the Institute of Risk Management’s Risk Leaders’ Conference last month warned that the UK’s new Bribery Act…
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DIMA says Irish captives should escape sovereign fall out
DIMA, the representative body for the international re/insurance industry in Ireland, has welcomed confirmation from credit rating agency Standard &…
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UK bribery act will create unfair playing field warns IRM panel
Experts gathered at the Institute of Risk Management's Risk Leaders' Conference warned that the UK's new Bribery Act will cause…
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Mesothelioma employers liability ‘trigger’ case causes concern for insurers
The UK Court of Appeal's recent judgement on when employers liability (EL) policy cover is triggered in mesothelioma cases is…
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UK business must consider the risks of trading with the US, says ACE
ACE's Corporate Liability Team has urged UK business to carefully consider the risks, as well as the opportunities, of exporting…
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UK’s CII calls for end to ‘Tick Box’ regulatory approach
The Chartered Insurance Institute (CII) has called on the UK government to grasp the opportunity presented by the current review…
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Rating agency and stock market give Brit deal thumbs up
The board of Achilles Netherlands Holdings (Achilles), a majority owned company of funds managed by the private equity (PE) firms,…