Region
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Tougher line urged from African insurers at AIO Forum
Insurers are being urged to take a tougher line with their insureds in the wake of the fire at Nairobi…
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Nigerian insurers reassure market on the extent of piracy threat
Nigerian insurers were calling on the marine market not to overplay the damage being done by pirates off the west…
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Business power is shifting towards emerging markets
Companies from emerging markets are likely to increase their share of Fortune 500 companies to around 45% as economies in…
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News in brief
Asbestos claims settled, New broker office in South Africa, Help on way to reduce stowaways, Fitch affirms rating for Santam,…
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Common and financial reporting biggest regulatory headaches for insurers and banks: Survey
Common Reporting (CoRep) and Financial Reporting (FinRep) top the list of regulations that financial services companies find most challenging, according…
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Airmic set to deliver Axco-based global programme compliance solution in 2014
In partnership with Axco, the insurance information specialists, Airmic expects to deliver a solution for members struggling with compliance issues…
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AMRAE wins price reductions from French terror pool
The French risk management association AMRAE is celebrating a lobbying victory after the country's terrorism pool agreed to a change…
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IAIS to develop first global insurance capital standard by 2016
The International Association of Insurance Supervisors (IAIS) yesterday committed to develop a global risk-based insurance capital standard (ICS) by 2016.
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EC’s proposed 2016 deadline for Solvency II gets mixed reception
The EC's newly proposed 1 January, 2016 start date for Solvency II has received a mixed reaction from market players…
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Fresh capacity and lack of cat losses softens US property market
Global broker Willis expects US commercial insurance buyers to enjoy even better market conditions in 2014 because of falling property…
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SCOR suffers setback in fight against ‘virtual nat cat monopoly’ in France
France's largest reinsurer, SCOR, has suffered a setback in its fight to overturn the position held by Caisse Centrale de…
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Europe’s insurers seek targeted overseas growth
Many of Europe's largest insurers are selectively targeting growth in emerging markets, according to AM Best. But this expansion comes…
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Shipowners to face average premium increases of 7.5% in 2014
Shipowners will face average premium increases of around 7.5% next year as P&I Clubs attempt to make up for declining…
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Corporate round-up
AGCS open Swedish branch, ACE announces key changes to European environmental team, Swiss Re Corporate Solutions sets up branch in…
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European M&A activity bounces back in first half of 2013
A number of large deals saw mergers and acquisitions (M&A) among European financial services companies rise 90% in the first…
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Insurer confidence rises as UK economy shows signs of life
UK-based insurers are increasingly optimistic according to the latest quarterly survey from PricewaterhouseCoopers and UK trade body the Confederation of…
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Axa launches non-damage cyber cover
AXA Corporate Solutions will tomorrow launch a new first and third party cyber insurance policy that covers both property and…
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AIG launches Risk Management Academy
AIG has launched its AIG Risk Management Academy (ARMA) to boost the talent pool of risk managers and help satisfy…
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Risk managers must analyse NDBI risks more closely before demanding transfer solutions
Risk managers have placed too much emphasis on the transfer of non-physical damage business interruption (NDBI) risks, when they should…
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Analyse this… NDBI – comment
Monday’s session on non-damage business interruption (NDBI) risks at the Ferma Forum this week was, of course, packed.
