Executive & D&O
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Regulation, technology and macro risks top agenda for FIs: Willis
Regulatory pressures, rising costs from new technology and macro-economic factors are the three biggest risks on the minds of senior…
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Financial firms turn to op risk cover as traditional solutions lose appeal
Large financial institutions are turning to operational risk insurance as traditional products fail to adequately cover increasing regulatory and technological…
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Financial institutions reassess D&O and cyber options
As regulatory and technology risks grow, financial institutions are looking for their insurers to respond.
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Demand for FI cyber cover grows, solutions need to catch up
Despite rate increases, demand for cyber insurance has been increasing for financial institutions (FI), but traditional FI products need to…
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ECB easing unlikely to hit capacity but buyers urged to watch currency impact
Quantitative easing by the European Central Bank is unlikely to have dramatic immediate effects on the corporate insurance market, but…
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UK business concerned about exposure to interest rate rise
A survey by QBE reveals that UK businesses are worried about their exposure to interest rate rises with one in…
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Survey finds banks lack data to support risk management
A new survey by the Economist Intelligence Unit reveals that more than half of risk and compliance executives at retail,…
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Op risk climbs agenda in EMEA FIs, rates continue to fall: Aon
Operational risk managers at European and Middle Eastern banks and other financial firms are rising in importance compared with their…
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Corporate round-up
Beazley opens Dubai office to offer MENA solutions, ISO develops two new Ebola endorsements, Willis Re unveils Japan Tsunami model,…
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European and global financial risks grow but experts say threat to business overhyped
While economic and financial market volatility has increased over recent months the extent of the risks may have been overstated,…
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Corporate round-up
XL restructures casualty risk engineering team, AGCS appoints Crabtree as UK head of product development for financial lines and Marsh…
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Corporate round-up
AGCS moves into Peruvian reinsurance market, ACE launches new PI solutions for media risks, Marsh makes key UK appointments to…
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Corporate round-up
Fredrik Motzfeldt joins Willis as broker names TMT leaders in Europe and US, ACE appoints claims manager for Nordics, Equinox…
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Corporate round-up
Willis appoints Jeroen Everling as Netherlands CEO, Lancashire in London appoints Paul Gregory as CEO and Hayley Johnston as CUO,…
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Global sanctions causing headaches for risk managers at Middle East banks
Financial institutions in the Middle East are facing increasing challenges to comply with, implement and monitor global sanctions.
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GCC banking regulators defend record on corporate governance
Banking supervisors in the Gulf Cooperation Council (GCC) have defended the level of corporate governance and performance of risk managers…
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EC agrees measures to deter market abuse
The European Parliament and Council yesterday agreed, in principle, updated rules for financial instrument markets (Markets in Financial Instruments Directive…
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Corporate round-up
JLT acquires South African employee benefits broker, ACE launches enhanced export liability cover in continental Europe, AGCS makes financial lines…
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FSB calls for US federal insurance supervision
Completing its review of US financial services regulation, the Financial Stability Board (FSB) has recommended that the US authorities move…
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Some ratings to move as S&P changes criteria
Ratings agency Standard & Poor's has made important changes to the criteria used to calculate the financial strength ratings of…