Region
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Shell-shocked world lacks capacity to deal with global risks—WEF
[Davos]—The world is currently not fit to face new and major shocks because the amplified frequency and severity of risks…
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AXA extends annual commitments to brokers
[Deauville]—AXA Corporate Solutions yesterday launched its first set of service commitments to French brokers to complete what CEO Philippe Rocard…
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WEF asks insurance industry for more solutions
Robert Greenhill, Managing Director and Chief Business Officer of the World Economic Forum (WEF) has called on the insurance industry…
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FFSA numbers confirm tentative recovery begun
Non life insurance premiums produced only modest growth in France in 2010, as a result of fierce competition in the…
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Risk industry can alleviate demographic pressure on budgets, say experts
Changes in demographics will put real pressure on governments’ fiscal balances by potentially increasing unfunded liabilities and will demand a…
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AIG sells Star and Edison life to Prudential for $4.8bn
American International Group has announced that it has sold AIG Star Life Insurance Co and AIG Edison Life Insurance Company…
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The specifics
The IASB singled out a number of key areas within the proposed accounting standards that need ‘re-deliberation’ in combination with…
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GAREAT–Rates fall 10% as capacity flocks to cat pool
[Paris]—Reinsurance rates charged by GAREAT, the French terrorism pool, for large risks fell by 10.7% at this year-end renewal compared…
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In the eye of the beholder– Jerry de St. Paer
Solvency II is not the only new set of rules that will fundamentally change the way the insurance industry operates…
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AGCS denies soft French market forces 10% volume drop
Axel Theis, Chief Executive of Allianz Global Corporate & Specialty (AGCS), has denied rumours in France that the insurer opted…
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Not the time to drop the ball–Lex Baugh
For Chartis 2010 was a year of reconstruction and renewal as it sought to forge its own identity and prove…
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Renault files industrial espionage case against ‘persons unknown’
Renault stated last month that it had filed a complaint with the French prosecutors’ office against ‘persons unknown’ for acts…
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And so, the hardening failed to pass–comment
Commercial Risk Europe attempts to reflect the diverse nature of our readership each issue with a balanced mix of risk…
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All quiet on the renewals front
Evidence from the recently completed year-end reinsurance renewals and major primary markets that are dominated by year-end negotiations such as…
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UK buyers enjoy stubbornly soft commercial rates but motor climbing
The primary UK property / casualty insurance market is currently flat to soft as abundant capacity persists and insurance buyers…
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AMRAE to sign new principles to guide broker-buyer relationships
[Deauville]-—An upgraded set of principles will guide the relationship between insurance buyers and brokers in France, as their respective associations…
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Stability dominates Italian renewals say big brokers
Italian insurers enjoyed a stable year-end reinsurance renewals round with more rates falling than rising according to the leading reinsurance…
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Baromètre AMRAE 2011-ERM specialists earn more than insurance managers
[Deauville]—Risk managers that are responsible for ERM strategies in France tend to be closer to the top in their companies…
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Stability in Nordic region as high capacity cancels out losses
The Nordic region suffered rising losses last year as both bad weather and a series of industrial fire losses hit…
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Egyptian troubles could spark claims confusion warn brokers
It is too early to say how political risk policies and cover for political violence will respond to the recent…
