Europe
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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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Outsourcing growing cause of increasingly costly supply chain disruptions – BCI
A new survey by the Business Continuity Institute (BCI) finds that outsourcing is a growing cause of supply chain disruption…
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Progress spotted in Turkish risk management but further work needed
Risk management among larger Turkish commercial and industrial companies is improving but there is still a long way to go…
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Corporate round-up
ISO 22301 business continuity management toolkit unveiled, new flood model launched for Switzerland and Liechtenstein, Chartis appoints new UK Head…
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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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Turkish insurers and brokers demand end to price war as losses mount
The currently hyper competitive market conditions that followed the arrival of many foreign insurers and reinsurers in the Turkish mass…
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Buyers to escape rate increases from $5bn to $15bn Sandy
With initial insured loss estimates from 'Frankenstorm' Sandy ranging between $5bn and $15bn experts are forecasting that primary insurers will…
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Potential big BI and CBI losses are Sandy’s great unknown
Hurricane Sandy has the potential to cause significant business interruption and contingent business interruption losses, experts warned this week, adding…
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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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‘Tide’ of regulation top concern for insurers as further SII delays loom
European insurers are bemoaning the complexity of Solvency II and its ongoing delays, but there are plenty more controversial regulatory…
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Choosing correct corporate governance model ‘crucial’ for Europe warns ECIIA
Recently elected president of the European Confederation of Institutes of Internal Auditing (ECIIA), Marie-Hélène Laimay, has warned that Europe must…
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Corporate round-up
QBE appoints Davd Siesko as Claims Director in Europe, Stephen Wares announced as head of Marsh's EMEA cyber practice, Martin…
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Global financial market risk falls despite economic woes
The threat of, and concern over, global financial market risk dropped substantially in the third quarter of this year to…
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Gard’s 5% P&I premium increase for 2013 looks likely trend
The 5% general increase for cover in 2013 announced this week by P&I club Gard appears a likely trend following…
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Corporate round-up
AGCS appoints new UK Head of Product Development for Financial Lines, Equinox Global launches top up trade credit solutions and…
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Loss prevention becomes key focus for Europe’s insurance managers as recession drags on
European risk and insurance managers are strengthening loss prevention activity, seeking to negotiate long-term agreements with insurers and are focused…
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Innovation remains big priority for insurance managers: Insurers challenged to respond
The need for more innovative solutions and effort from the insurance market in key areas such as supply chain, cyber,…
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Ferma meets IRM and Ernst & Young to march on with certification project
Ferma committee members had meetings with Steve Fowler, CEO of the Institute of Risk Management (IRM) and executives from Ernst…
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No big bang solutions to innovation but process must speed up say brokers
The insurance industry must focus on 'horizon scanning' rather than reactive product development in order to provide risk managers with…
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No conflict of interest between rating agencies and clients says insider
A leading rating agency executive has played down the potential conflict of interests that exist between the agencies and their…
