Risk Specialty
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Political risk rises and will remain elevated until markets calm–Aon
Despite the world economy broadly on the road to recovery, the level of political risk has risen in more countries…
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Somalia still a concern as record numbers taken by pirates in 2010
The number of hostages taken at sea in 2010 rose to an all time high, the International Chamber of Commerce…
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ETA’s ‘permanent’ ceasefire offer does not convince Spanish firms
The latest offer of a ‘permanent ceasefire’ from ETA, the Basque separatist group, has been greeted with scepticism by Spanish…
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Brokers on track to deliver Munich Re’s oil risk consortium plan
Reinsurance brokers Guy Carpenter and Willis Re have confirmed that they are working alongside Aon Benfield as placement advisors for…
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Tackling shipping emissions and its regulation on the agenda
The European Commission (EC) has published the first comprehensive overview of the problem of shipping emissions as debate around regulatory…
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Proposed Spanish law may restrict D&O coverages
Spanish companies might have their option to buy civil liability protection for managers restricted as the new Insurance Contract Act,…
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US files suit against BP, QBE and seven others for Deepwater spill
The US Justice Department yesterday filed a suit against oil giant BP, and eight other companies, including Lloyd’s of London…
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P&I clubs bounce back but challenges remain say Willis
Despite good underwriting results in the Protection and Indemnity (P&I) market, record claims levels and a continuing gap in the…
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UK Bribery Act concerns financial institutions experts
Underwriters and claims professionals gathered at a Clyde & Co seminar cited the recently passed Bribery Act as the piece…
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Emerging markets growth sparks fresh security fears
A gathering of top corporate security chiefs in Paris agreed that risks posed by expansion into emerging markets by European…
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CEA claims open market not ready for mandatory ELD cover
The CEA has responded to criticism of a 'negative' approach to mandatory financial security for the Environmental Liability Directive, and…
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Piracy shifts to Indian Ocean and east coast of Africa
The last three months has seen pirate activity shift from the Gulf of Aden to the Indian Ocean and along…
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Surplus capacity in marine market questioned by Willis
Brokerage Willis has questioned why the marine insurance market is attracting surplus capacity despite the fact that there is little…
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Marsh launches facility to meet concern over political risk
Marsh has launched its Mobile Asset and Commodity Expropriation (MACE) insurance facility to meet what is seen as an increased…
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Constructive criticism needed from CEA on ELD risks
The CEA has been criticised for its 'negative' approach to mandatory financial security for ELD liabilities and challenged to come…
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Security chiefs focus on risks posed by emerging markets
Multinational companies will have to deal with an increasing volume of security risks as they look for growth in emerging…
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New role for security chiefs as risks multiply
The job role of corporate security chiefs is changing fast and gaining more importance within international companies, as they increasingly…
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Mesothelioma employers liability ‘trigger’ case causes concern for insurers
The UK Court of Appeal's recent judgement on when employers liability (EL) policy cover is triggered in mesothelioma cases is…
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EU Forum meets to help boost food sector
The first meeting of the High Level Forum for a Better Functioning Food Supply Chain took place on Tuesday. It…
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EC identifies key energy corridors to secure supply and increase competition
The European Commission has this week proposed European Union (EU) priority corridors for power grids and gas pipelines that require…