Region
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London may lose competitive edge under planned future regulatory regime
London’s competitiveness as a financial centre is in danger of being ignored under plans for a new regulatory structure in…
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Brazilian risk consultancy launches Portuguese operations
A Brazilian-based risk consultancy has opened operations in Portugal in an attempt to carve out an opening in the European…
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LMA urges UK government to get tough on claims inflation
The UK government’s recent proposal to end recovery of conditional fee arrangements (CFA), success fees and after the event (ATE)…
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Risk advice in demand from UK charities
UK charities increasingly seek advice on risk management, particularly about how to deal with volunteer workers, according to a recently…
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Losses from 2010 Chilean earthquake fell mostly on reinsurers—Aon Benfield
Of the $8.5bn loss from the Chilean earthquake last year 95% fell on the shoulders of reinsurers, according to an…
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CEA calls for upfront disclosure if EC opts for new transparency rules
The CEA, the European insurance and reinsurance federation, has told the European Commission that if it decides to order improved…
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Big brokers’ remuneration practices slip back warns JLT’s CEO
Dominic Burke, chief executive of Jardine Lloyd Thompson, has warned that brokers may once again find themselves with regulatory challenges…
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ECJ ban on gender pricing will hit insurers and consumers
The European Court of Justice ruling on Tuesday that outlawed the pricing of risk based on gender will have a…
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AGCS hit by cat losses and soft market but delivers robust results
Although payouts for natural catastrophe losses and the ongoing soft rate environment weighed on its annual results, Allianz Global Corporate…
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AIG stokes reserves debate with more detail on additions
Robert Benmosche, CEO of AIG, attempted to clarify and perhaps allay analyst fears about its recently announced $4.1bn reserve charge…
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Swiss Re estimates its exposure to New Zealand quake at $800m
Validus has placed total industry-wide insured losses from the New Zealand earthquake last week at between $6bn and $7.5bn, whilst…
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Insured loss estimates for New Zealand quake up to $12bn
Insured losses from the 6.3 magnitude earthquake that struck Christchurch, New Zealand on Tuesday could be as high as $12bn,…
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Spanish penal code leaves risk managers bare
Spanish companies can now be condemned for crimes committed by their employees, after the introduction of the country's new penal…
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Swiss Re targets primary market
Swiss Re is undergoing a massive restructuring as it aims to expand its primary insurance business for large industrial companies.…
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DVS wants more democratic process for presidential election
In an effort to make its upcoming election more democratic, the board of the German insurance buyers association—DVS—will suggest names…
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Employee healthcare costs up 3.3% in Europe
The cost to companies of employee healthcare rose by an average of 3.3% across Europe last year, according to a…
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Torus signals German intent with war risk cover for shipowners
The German arm of industrial insurer Torus ended 2010 with a bang as the Cologne-based office of the company announced…
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P&I renewals less choppy but troubles ahoy for Clubs in the shape of EU
Shipowners faced a calmer Protection and Indemnity (P&I) renewal season than in previous years with general premium increases ranging between…
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Aon Benfield wants more simple Solvency II internal model approval process
Aon Benfield has called for a simplification of Solvency II’s Internal Model Approval Process (IMAP) for natural catastrophe risks to…
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LMA speak with Nato in fight against piracy
The Lloyd’s Market Association (LMA) has addressed Nato this week to help with the fight against piracy.
