Region
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ISO releases standard as fears of nanotechnology safety rise
The rapid growth of nanotechnology-based products has persuaded the International Organization for Standards (ISO) to publish an international standard to…
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EC offers smaller insurers ray of hope on Solvency II claim rating agencies
The transition measures that the EC recently suggested for Solvency II that could delay important elements of the package by…
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EC finally launches collective redress consultation but is against US-style class actions
The European Commission has finally acted on its long discussed plan to potentially introduce rules to make it easier for…
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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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Court ruling flags up ‘softer’ disclosure rules in Germany
A German court has told the country's industrial insurers that they can no longer rely on brokers' questionnaires when evaluating…
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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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No sign of market turning, Aon says, as declining rates hit bottom line
Aon Corp president and CEO Greg Case expects the soft reinsurance market conditions to continue for the ‘foreseeable future’.
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Reinsurance prices stable as SCOR increases written premium
Reinsurances prices were “virtually stable” at the 1 Jan renewals for SCOR’s non-life business, with a weighted average decrease of…
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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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Soft market conditions in EMEA look set to continue says Marsh report
Soft commercial insurance market conditions persisted throughout Europe, the Middle East and Africa (EMEA) in 2010 and are set to…
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Aon urges businesses to plan for spread of unrest in Middle East
Aon has urged businesses with operations in the Middle East to plan for the potential spread of unrest in the…
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Cooper Gay sets up European trading unit
Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has launched Cooper Gay European Markets. The London-based…
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EIL market in France expands as full extent of ELD liability comes into focus
The French EIL market is now showing signs of steady growth, following the implementation of the Environmental Liability Directive, as…
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Soft market was reason to be disciplined at renewals report Munich Re
Reinsurance rates continued to soften across lines and regions at the 1 January renewals, with some major German reinsurers demonstrating…
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Lord Levene warns against over regulation
The chairman of Lloyds’ of London, Lord Levene, has joined the chorus of insurance leaders who have warned against the…
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India’s benefits come at a risk
As French companies rush to take advantage of India’s breakneck economic growth, they also face risks that are particular to…
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‘E-reputation’ risk a major concern as influence of the internet expands
Hacktivism, flash mobs, fake videos and wrong information that circulates worldwide before you can do anything about it. These are…
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CEA raises fears over rushed Solvency II and accounting standards
As the European insurance market braces itself for the publication of results of the QIS5 study on the probable impact…
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Solvency II will help clear out fringe capacity claim insurers
Solvency II will put low-cost insurers under the spotlight and make it harder for risk managers to justify the use…
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Rhine spillage hits ship owners and industry
With the Rhine still closed to ships travelling downriver companies and ship owners alike have been hit with business interruption…