Risk Specialty
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EU beefs up food safety to limit Japanese nuclear risk
The European Union has imposed import controls on food and animal feed from areas of Japan potentially affected by the…
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$300bn Japanese disaster to cause severe supply chain disruption
Multinational companies that rely on Japanese manufacturers for parts and services need to prepare for a global supply chain disruption…
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CEA to spread ELD claims data but expert downbeat on Solvency II
The CEA is currently working to collect claims data on Environmental Liability Directive (ELD) related losses in order to educate…
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German industry hit by events in Japan but credit insurers help minimise loss
The natural catastrophes in Japan have impacted upon German industry, with a number of German companies forced to reduce operations…
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Spanish transportation risk on the rise as cover becomes hard to find
A mix of the economic crisis, regulatory changes, international political instability and natural catastrophes has highlighted the increasing risk exposure…
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Fukushima problems will slow nuclear renaissance, JLT
Whilst the Fukushima nuclear incident should not create a reduction in insurance capacity and it remains too early to know…
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IRM launches new qualification in risk management for financial services
The Institute of Risk Management is launching a new international qualification in risk management aimed at the world of financial…
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Stricken Fukushima power plant insurance cover minimal, sources say
As radiation from the endangered Fukushima nuclear power plant continues to rise and the exclusion zone around the plant expands,…
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EC takes France to court for industrial pollution and threatens Italy
The European Commission is taking France to the European Court of Justice (ECJ) as at least 62 of its industrial…
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Shipping rates set to fall but trouble in MEA region adds to the industry’s woes
Whilst Marsh has predicted that buyers of marine insurance are likely to see rates continue to soften globally in 2011,…
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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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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.
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Insurers warn ELD stakeholders to up game or face mandatory schemes
Leading specialist environmental insurers have called on all stakeholders involved with and affected by the Environmental Liability Directive (ELD) to…
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Increased liability on UK’s nuclear sector could result in cover gaps
New proposals from the UK government will place an unexpectedly high level of liability on the nuclear sector in a…
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EIL market in France expands as full extent of ELD liability comes into focus
The French EIL market is now showing signs of steady growth, following the implementation of the Environmental Liability Directive, as…
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Rhine spillage hits ship owners and industry
With the Rhine still closed to ships travelling downriver companies and ship owners alike have been hit with business interruption…
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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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UK government to review Bribery Act as business fears mount
Most UK risk managers will be relieved to hear that the UK government has confirmed that it has ordered a…
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Rise in UK inflation highlights WEF’s commodity price risk concerns
An unexpected rise in the UK’s inflation figure on the back of energy and fuel price hikes has brought into…