Region
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Solvency II will kill soft market and slam captives warn carriers
Swiss insurance buyers agree with colleagues around Europe that pricing conditions for their core lines will remain stable for the…
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International academics push for outright ban on asbestos…again
The Collegium Ramazzini, an international academic society that specialises in occupational and environmental medicine, has issued a renewed call for…
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European Commissioners force pace on REACH requirements
European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, and Janez Potočnik, Commissioner for Environment, last week urged…
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Talking cars hit the road in Europe
'Talking' cars were out and about on ordinary roads in Europe for the first time last week thanks to European…
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S&P launches benchmark system to help insurance buyers compare performance
Credit rating agency Standard & Poor’s Risk Solutions is launching a series of Insurer Performance Benchmarks (IPBs) that begins with…
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Lloyd’s reports record £3.9bn profit and vows to continue ‘hard slog’ in Europe
Lloyd’s of London, the international insurance and reinsurance marketplace, says it is determined to continue its efforts to break into…
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IRM and NORIMA confirm education initiative
The Institute of Risk Management and the Norwegian Risk Management Association, NORIMA, have announced a joint education initiative whereby NORIMA…
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Alarm and IRM Team up on Risk Event
Alarm, the U.K. public risk management association, has entered into a joint initiative with the IRM in Northern Ireland to…
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AIRMIC warns Commission Solvency II ‘out of all proportion’
AIRMIC, the U.K. insurance and risk managers association, has added its weight to the growing opposition to Solvency II, Europe’s…
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Industry leaders wary of the return of the wagging long tail
The news of the decision by AIG to boost its loss reserves for Chartis by $2.3bn in the last quarter…
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Pricing discipline will help boost U.K. insurers earnings says Fitch
Fitch Ratings has revised its rating outlook on the U.K. non-life sector to stable from negative based on the credit…
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CRE March 2010
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Non-life rates could rise by up to 20% because of tougher Solvency rules says CEA
Pressure on the architects of Solvency II, Europe’s planned new capital adequacy regime for the insurance sector, to relax recently…
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Association calls for automatic disclosure for Dutch brokers
The Dutch insurers’ association, the Verbond van Verzekeraars (NVV), has published a position paper on broker remuneration that calls for…
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Don’t panic over mandatory ELD prospect says ACE
Insurance buyers should not fear an E.U.–wide mandatory financial guarantee scheme for Environmental Liability Directive (ELD) coverage that could, in…
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E.U. introduces two Directives to enhance worker rights and safety
The European Union adopted two Directives last week designed to improve worker’s parental leave rights and protect them from injury…
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Reinsurers say first quarter cats insufficient to turn market – just
As insurers and reinsurers worldwide continue to report strong 2009 full year results largely on the back of low catastrophe…
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Russian insurance buyers may benefit from tougher licensing rules
The Russian parliament has proposed tighter licensing and merger regulations for the country's insurance industry, according to news agency Reuters.
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U.K. exporters unfairly suffer from lack of cover and government backing
Exporters in the U.K. are suffering from an “unfair playing field” when competing with European and global competitors as its…
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Marsh Germany still seeks new CEO as Kado takes reins
Sven Kado, Chairman of Marsh Germany, has taken over as interim Chief Executive Officer of the Frankfurt-based arm of the…