Region
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Progress made on global programmes industry database
The effort to create a global database to help risk managers ensure that their global programmes are compliant took some…
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Admin fees for international D&O programmes on the way warns broker
German brokers will start charging administrative fees for internationally focused D&O programmes as administration costs grow, according to a leading…
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IUMI conference tackles piracy and poor insurer results
The growing threat of piracy as well as persistently poor insurer technical results were among the subjects discussed at the…
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German market under pressure from poor investment returns says S&P
German insurers are under pressure from reduced investment returns as the financial markets provide a big test for the industry,…
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ABI guidance on exec pay and boardroom effectiveness met with approval
The Association of British Insurers’ (ABI) new guidance on executive pay and effective boardroom performance, which includes recommendations for board…
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Corporate round-up
Marsh appoint Waterer as Head of Risk Consulting in UK and Ireland, XL extends Nordic upper mid market offering, Marsh…
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French insurers ‘to seek compensation’ if banks are bailed out
An insurance association in France has threatened to fight for compensation if French banks are the subject of a bailout…
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London remains number one global financial centre but gap closes
London remains the number one global financial centre, followed by New York and Hong Kong, but the gap is closing,…
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Risk manager takes top role at Willis Global Aerospace
Willis has announced the appointment of ‘risk management expert’ Mark Wilford, Director of Risk at Rolls-Royce Group, as chairman of…
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Increased focus needed on solar energy risk says IMIA
Risks faced by solar energy installations are on the rise as they attract the attention of organised gangs looking to…
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Jorge Luzzi elected President of Ferma
Jorge Luzzi, Group Risk Management Director for Pirelli worldwide, has been elected as the next president of the Federation of…
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Lloyd’s suffers £697m loss after battering from nat cats
Lloyd's has announced losses of £697m (€774m) and a combined ratio of 113.3% for the first six months of 2011…
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German managers need better D&O protection as litigation mounts
German managers are demanding better protection from their D&O policies as the trend for companies to sue their management continues,…
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Maltese and Slovenian risk management associations join Ferma
Ferma this week announced that the risk management associations of Malta and Slovenia have been accepted as its latest members.…
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Corporate round-up
Torus acquires Lloyd’s Broadgate, Willis Argentina hires new CEO, Consortium announce acquisition of Whittington UK from the Whittington Group and…
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Dutch insurance sector outlook stable says Fitch
The outlook for the Dutch insurance sector is stable, according to Fitch, with the vast majority of Dutch insurer ratings…
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CRE September 2011
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Pressure mounts for rate hardening in risk transfer industry says Moody’s
The low interest rate environment, depletion of the reserve cushion and moderation in the supply and demand imbalance fuelled by…
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Rate hardening or outlook downgrade?—AM Best
Whilst AM Best’s rating of the global reinsurance segment remains stable the firm said it is taking a wait and…
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Buyers must be prepared to pay for extended BI cover—Hannover Re
Ulrich Wallin, Chairman of the Executive Board of Hannover Re, suggested this week that appetite for extended business interruption coverage…
