Risk Management
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Mactavish’s Hepburn says worst is yet to come for Risk Managers
It is the beginning of the financial crisis for many risk and insurance managers who will experience a lag impact…
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Risk managers must improve board information, says broker
Risk managers must focus their efforts on the production of key pieces of management information and ensure that their risk…
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U.K. insurance buyers face disappointment over contract law reform
The U.K. Law Commission is unlikely to recommend the extension of the recent reform of insurance contract law that significantly…
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Contingents are on the agenda as U.S. risk managers gather in Boston
Contingent commissions will be one of the key topics discussed at this year’s annual Risk and Insurance Management Society (RIMS)…
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Malta consults on new ICC legislation
The Maltese Financial Service Authority (MFSA) has published a consultation paper for the market on its new legislation to allow…
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Higher than average hurricane season predicted for U.S. and Caribbean
The respected Colorado State University's (CSU) Department of Atmospheric Science has issued an updated forecast of the 2010 Atlantic hurricane…
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FERMA launches pan-European survey
The Federation of European Risk Management Associations (FERMA) has formally launched a survey of European risk managers that it hopes…
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Irish regulator promises fair and proportional approach for captives
Matthew Elderfield, Head of Financial Regulation at the Irish Financial Regulator, (FR) has promised captive owners that they will receive…
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Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans
[LONDON]—Pressure is fast building on the European Commission from insurance company and buyer representative groups to water down the advice…
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France’s plans to prevent technological risks are delayed
The implementation of mandatory plans to prevent the rise of technological risks in industrial sites in France is running later…
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Chartis is a leading player but government-backed status bites-Comment
Employees of Chartis, AIG’s non-life operation, are of course sick to the back teeth of reading about their company in…
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ECJ confirms onus on polluter to prove not liable in first ELD ruling
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
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Risk management blossoming in Turkey
ERMA, the Turkish risk management association, was only founded last April but already the group has many of the country’s…
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Risk Governance Deficits report identifies ‘weak spots’ for corporates
Tony Dowding discusses the latest report from the International Risk Governance Council that provides a tool to assess, evaluate and…
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Banks and corporates urged to learn same lessons from crisis
Tendency among risk managers in financial firms and corporates to think and talk differently about operational risk does not help,…
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RIMS ‘pleased’ with Marsh announcement on contingents as debate builds in Europe
RIMS, the U.S. risk management association, has announced that it is ‘pleased’ that broker Marsh has decided not to accept…
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Solvency II will kill soft market and slam captives warn carriers
Swiss insurance buyers agree with colleagues around Europe that pricing conditions for their core lines will remain stable for the…
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S&P launches benchmark system to help insurance buyers compare performance
Credit rating agency Standard & Poor’s Risk Solutions is launching a series of Insurer Performance Benchmarks (IPBs) that begins with…
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AIRMIC warns Commission Solvency II ‘out of all proportion’
AIRMIC, the U.K. insurance and risk managers association, has added its weight to the growing opposition to Solvency II, Europe’s…
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IRM and NORIMA confirm education initiative
The Institute of Risk Management and the Norwegian Risk Management Association, NORIMA, have announced a joint education initiative whereby NORIMA…