Region
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Time for teamwork – North America, Part II
Risk managers in the US are becoming more involved in their companies’ strategy but only a small minority are already…
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EC launches emergency response centre
The European Commission launched its Emergency Response Centre (ERC) on Wednesday to provide a better coordinated, faster and more efficient…
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Inability to quantify benefits and high costs holding back ERM – North America, Part II
The number of non-financial US companies that embrace ERM has stagnated over the last few years, largely because of an…
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Business interruption keeping C-suite awake at night – North America, Part II
Business interruption has jumped to the number one risk feared by the C-suite in the US, according to a survey…
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Companies see compliance as biggest risk when expanding overseas: QBE survey
European companies are increasingly looking to expand in new markets, but see local laws as their biggest risk, according to…
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XL Group launches Shariah-compliant industrial cover
Insurer XL Group says that it is to offer Shariah-compliant insurance cover for large corporate and middle market clients. Initially…
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PERILS estimates Italian 2012 quake at €1.2bn
Catastrophe claims data provider PERILS says that a series of earthquakes that struck the Italian region of Emilia-Romagna last year…
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Crisis boosts risk of employee crime
Spanish employees are increasingly stealing from their companies because of the economic crisis and general unhappiness about their personal lives…
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French class action bill moves forward
France moved a step closer to allowing US-style class actions, as the government of president François Hollande presented a bill…
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Profits still strong for major primary insurers
A number of large primary insurers reported strong first quarter profits and relatively low combined ratios. AIG, Allianz and XL…
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German reinsurers report upbeat start to 2013
Germany’s two largest reinsurance groups have reported good first quarter profits, reflecting lower than expected large claims and reserve releases.
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Some ratings to move as S&P changes criteria
Ratings agency Standard & Poor's has made important changes to the criteria used to calculate the financial strength ratings of…
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Robust cat bond issuance on track to set new record
Reinsurance broker Guy Carpenter is predicting ‘robust’ catastrophe bond issuance in 2013 as investors are increasingly drawn to the market.
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Airline losses down 40% in 2012
The aviation industry experienced one of the lowest levels of losses to date in 2012, helping most airlines achieve premium…
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Ferma vows to fight back on watered down broker transparency rules in EU
Ferma president Jorge Luzzi used his place on the stage at last month’s RIMS conference to promise European risk managers…
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German insurers under fire for shock tactics
Germany’srisk managers voiced sharp criticism of individual insurers that leave customers in the lurch by the sudden withdrawal of cover…
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Captives owners need to up ahead of SII – Swiss Re
Solvency II is pushing captive insurance company owners into a harsher new world where they will face greater scrutiny and…
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RSA results bolstered by emerging markets, Europe flat
UK insurer RSA Insurance Group continued the feel-good factor in the latest European and global insurance and reinsurance reporting season…
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Swiss Re feeds buoyant mood in reinsurance sector with Q1 results
Swiss Re reported what it described as a 'very strong' group net profit of $1.4bn for the first quarter of…
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Walsh takes over Europe for AIG as Schimek heads home
Rob Schimek, President and CEO of the Europe, Middle East, and Africa of AIG, will return to the US to…