Members of the UK terrorism reinsurer Pool Re have today voted in favour of a new retrocession arrangement following last minute concessions by its government over potential changes to the pool’s structure.
The spotlight placed on captives under Solvency II will likely lead to the vehicles becoming more important risk management tools that garner increased attention from boards and top management on risk, according to a leading expert speaking at Commercial Risk Europe's latest Risk Frontiers seminar.
The delivery of secure and affordable power across Europe is under threat because regulatory uncertainty is reducing investment in infrastructure, according to new research by Marsh.
Experts have welcomed new guidance from the Financial Reporting Council (FRC) on risk management, internal control and related financial and business reporting that forms part of the updated UK Corporate Governance Code (the code) as a major boost for risk management.
The use of transactional risk insurance to mitigate risk in mergers and acquisitions is on the rise, according to new figures from Marsh.
The European Commission this week adopted emergency measures to help contain an outbreak of avian influenza in Holland, the UK and Germany.
Open networks in the digital age have created huge cyber vulnerabilities for the power industry, Marsh warned this week as it released a survey showing that nearly three quarters (72%) of European power industry professionals are concerned about cyber risk.
Hamilton to take over Sportcover's managing agent and Kinetic, Mark Potter joins Aon's power practice in strategic role, Argo International launches contingency business line and RFIB appoints David O'Gorman as global head of analytics.
Risk managers will be pleased by findings of a Guy Carpenter survey that suggests risk transfer partners will focus on product development and expansion into new geographic markets to drive growth next year.
Zurich Insurance Group reported a positive picture for risk and insurance managers this third quarter as the group reported a decent set of quarterly results in line with the sector but also admitted the environment is not getting any easier for insurers.
UK companies are not giving compliance with competition law the attention it deserves and risk managers need to prepare for more aggressive regulatory enforcement action, Lord Currie, Chairman of the Competition and Markets Authority (CMA), warned this week.
Research from ACE shows that 70% of European risk managers have increased their use of captives over the past three years to manage global risks and tend to prioritise effective claims handling and services when choosing a fronting insurer for their captive's multinational risk.
Allianz Global Corporate & Specialty (AGCS) reported gross premiums written for the first nine months of this year of €4.2bn, an increase of €175m against the €4bn reported for the first three quarters of 2013.
While economic and financial market volatility has increased over recent months the extent of the risks may have been overstated, according to two economists at leading insurance and reinsurance groups.
Buyers of aviation insurance face higher prices in coming renewals because of the recent crash of the Virgin Galactic test flight and the Antares rocket explosion, according to credit rating agency AM Best.
Following the publication of the Institute of Risk Management’s (IRM) Extended Enterprise: Managing Risk In Complex 21st Century Organisations report, Commercial Risk Europe spoke to Richard Anderson, the institute’s chairman and principal consultant at AndersonRisk, for his take on its key findings and recommendations.