Region
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Insureds ‘exasperated’ by confusing cyber cover says leading broker
Insureds are 'exasperated' by the term cyber insurance because of a lack of clarity over the cover it provides due…
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Airmic raises concern over claims uncertainty
Failure to disclose material facts, breaches of warranty, under insurance, late notification and increased scrutiny from insurers are the main…
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Lloyd’s big players report healthy 2012 and progress in Europe
Three of the largest listed Lloyd's insurers have reported much improved profits and revenue growth for 2012, benefiting from lower…
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IUMI adds to customer pressure to provide more risk information
In what appears to be another example of rising insurer demand for risk information from customers, the International Union of…
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Agers demands changes to Spain’s environmental liability law
Spain's risk management association, Agers, has proposed changes to the country's environmental liability law in order to make life easier…
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Disconnect between cyber fear and European risk management finds survey
A new survey by Advisen suggests there is a worrying disparity between the fear of cyber risk at European companies…
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Brokerage publicly backs Airmic’s call for buyers and market to embrace ‘fair’ RoR clause
A leading brokerage has put its weight behind Airmic's recently published model clause that aims to combat insurers' overuse of…
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Latest insurer results show solid performance despite tough conditions
Allianz SE, Europe's largest insurer by premium, has reported higher profits and revenues in 2012. The insurer enjoyed higher rates…
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Spanish association calls for the development of insurance mediation
Spanish buyers still pay little attention to the advantages of dispute mediation when solving conflicts with insurers, experts said in…
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AIG registers yearly profit despite fourth quarter woes
Despite taking a net $4bn loss in the fourth quarter, AIG posted a profit in 2012 and closed the door…
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Brokers must raise environmental liability awareness: Italian expert
Awareness of the expanded risks faced under the EC Environmental Liability Directive (ELD) and other recent environmental rules is now…
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Corporate round-up
Tokio Marine Europe strengthens underwriting capabilities with two new UK appointments, Guy Carp appoints head of European Casualty and RMS…
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Life sector innovations to transform commercial sector research predicts
Customer-focused innovations from the world of personal insurance are set to filter through to the general insurance sector in the…
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Corporate round-up
Sullivan leaves Willis for 'other interests', Marsh makes changes to better serve largest clients, Marsh expands UK placement network team,…
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Russian town blasted by meteor
A meteor exploded over the city of Chelyabinsk, which has a population of 1 million, in Russia's central Ural mountains…
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Global and sustainable risks top agenda at Ghent risk management gathering
Globalisation, ever expanding international operations, increased regulation and social and sustainability issues are all big and complex issues that are…
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Offshore safety directive includes mandatory risk management and transfer
A provisional deal on proposed legislation for the safety of offshore oil and gas operations that was sparked by the…
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EU proposes new directive on cyber security
Companies that operate critical infrastructure or provide an internet-based information service must adopt cyber risk management practices and meet a…
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Deal brokered on eurozone stability to limit currency risk
The Irish Presidency this week helped broker an agreement on new rules to stabilise eurozone economies that will oblige eurozone…
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European Parliament committee backs data protection reform
The European Commission this week 'welcomed' the adoption of an opinion by the European Parliament's Industry, Research and Energy Committee…