Europe
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Surplus capacity in marine market questioned by Willis
Brokerage Willis has questioned why the marine insurance market is attracting surplus capacity despite the fact that there is little…
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Marsh launches facility to meet concern over political risk
Marsh has launched its Mobile Asset and Commodity Expropriation (MACE) insurance facility to meet what is seen as an increased…
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Insurance buyers still fear capacity crunch following Solvency II
Concern continues to build among Europe’s risk and insurance management community about the appetite that insurers will have for large…
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FERMA and BIPAR announce historic transparency protocol
FERMA and the European Federation of Insurance Intermediaries (BIPAR) have announced the agreement of a groundbreaking transparency protocol that they…
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German market in uproar over Solvency II
Germany's insurers are in uproar over Solvency II. After years of more or less ignoring the EU's efforts to unify…
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German insurance market growing again but brokers still feel the pinch
The German primary insurance market is growing again, driven by life, but also helped by the first signs of a…
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Spanish risk managers told soft market is coming to an end
Spanish risk managers have been warned that the soft insurance market is coming to an end, although it is unlikely…
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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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Credit and surety bond markets bounce back but challenges remain
The credit insurance and surety bond markets are showing positive developments following the financial crisis but challenges still persist, according…
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CEIOPS tells EC to exclude big risks as FERMA nears conclusion of transparency deal
The large commercial insurance and reinsurance markets will be excluded from the European Commission’s updated Insurance Mediation Directive (IMD2) if…
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CRE November 2010
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EC clears the way for ‘transitional regime’ approach to equivalence for Solv II
The European Commission has written a letter to CEIOPS confirming that it wants to adopt a 'transitional regime' for countries…
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IGREA welcomes Solvency II but warns against overburden on insurers
Large Spanish insurance buyers have expressed their support of the Solvency II directive, but have also warned legislators to avoid…
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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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Increased scrutiny of Asian re/insurers cat risk will increase costs
Re/insurers will have to make substantial investments to combat a likely increased scrutiny from rating agencies of their Asian catastrophe…
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EU Forum meets to help boost food sector
The first meeting of the High Level Forum for a Better Functioning Food Supply Chain took place on Tuesday. It…
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Aspen Insurance announces FINMA-approved Swiss insurance license
Aspen Insurance Holdings Limited has announced that the Swiss Financial Market Supervisory Authority (FINMA) has approved Aspen Insurance UK Limited's…
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EC identifies key energy corridors to secure supply and increase competition
The European Commission has this week proposed European Union (EU) priority corridors for power grids and gas pipelines that require…
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Premium growth in Maltese insurance sector
On-going expansion and consolidation across the sector have delivered sustained levels of growth in the industry despite what proved to…
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Captives safe under Solvency II but lobbying of EC must continue
Captive owners can rest assured that Solvency II will not drive them out of business through excess capital and reporting…