feed://commercialriskeurope.com Commercial Risk Europe News Feed Commercial Risk Europe CGFeedMaker 1.0.16 on CMS Made Simple hfoster@commercialriskeurope.com mail@applejack.co.uk ( ) http://www.commercialriskeurope.com/cre/2321/15/Back-standards-and-stop-squabbling-Antonucci/ Fri, 24 May 2013 10:34:00 +0100 http://www.commercialriskeurope.com/cre/2321/15/Back-standards-and-stop-squabbling-Antonucci/ http://www.commercialriskeurope.com/cre/2322/15/Ex-Ferma-President-urges-corporate-responsibility-for-developing-world-workforce/ Ex Ferma President Peter den Dekker has criticised western companies for failing to address workplace safety in Bangladesh or contribute to better standards by fleeing the country and called on the international risk community to play its part in securing... Fri, 24 May 2013 10:31:00 +0100 http://www.commercialriskeurope.com/cre/2322/15/Ex-Ferma-President-urges-corporate-responsibility-for-developing-world-workforce/ http://www.commercialriskeurope.com/cre/2316/15/Multinationals-must-improve-supply-chain-and-disaster-resilience-finds-UN-report/ Large multinationals' increasing dependency on international supply chains, infrastructure and markets poses a systemic risk to 'business as usual' and is leaving the private sector more exposed to disaster risk, according to a new report by the UN International Strategy... Fri, 24 May 2013 10:29:00 +0100 http://www.commercialriskeurope.com/cre/2316/15/Multinationals-must-improve-supply-chain-and-disaster-resilience-finds-UN-report/ http://www.commercialriskeurope.com/cre/2325/15/Risk-industry-lacking-leadership-warns-business-guru/ Risk and reputation was the theme of this year's Institute of Risk Management (IRM) Forum, and keynote speaker, business guru René Carayol, focused on two issues that impact most on reputation: the culture of the organisation and leadership. For Mr... Fri, 24 May 2013 10:28:00 +0100 http://www.commercialriskeurope.com/cre/2325/15/Risk-industry-lacking-leadership-warns-business-guru/ http://www.commercialriskeurope.com/cre/2314/15/Managing-cyber-risk-requires-change-of-mindset-says-expert/ Managing cyber risk is about moving from basic reactive measures that attempt to block attacks to a more proactive, intuitive approach encompassing 'security intelligence', according to Cliff Wilson, Business Development Executive, Security & Privacy Services, IBM, speaking at this year's... Fri, 24 May 2013 09:51:00 +0100 http://www.commercialriskeurope.com/cre/2314/15/Managing-cyber-risk-requires-change-of-mindset-says-expert/ http://www.commercialriskeurope.com/cre/2313/15/Fight-against-psychosocial-risks-in-France-proving-ineffective-says-report/ Fri, 24 May 2013 09:48:00 +0100 http://www.commercialriskeurope.com/cre/2313/15/Fight-against-psychosocial-risks-in-France-proving-ineffective-says-report/ http://www.commercialriskeurope.com/cre/2312/15/Risk-managers-urged-to-dig-deep-and-up-game-at-World-Risk-Day/ Risk managers should keep on top of the latest risk management thinking and drive consistent risk management throughout the supply chain, according to speakers at this year's World Risk Day virtual summit, which focused on bridging the gap between risk... Fri, 24 May 2013 09:44:00 +0100 http://www.commercialriskeurope.com/cre/2312/15/Risk-managers-urged-to-dig-deep-and-up-game-at-World-Risk-Day/ http://www.commercialriskeurope.com/cre/2311/15/Cyber-cover-going-on-the-cheap-say-underwriters/ There has never been a better time to buy cyber insurance products and risk managers would be well-advised to take advantage of what is currently an under-priced product, according to a panel debate of underwriters at the Digital Threats conference... Fri, 24 May 2013 09:40:00 +0100 http://www.commercialriskeurope.com/cre/2311/15/Cyber-cover-going-on-the-cheap-say-underwriters/ http://www.commercialriskeurope.com/cre/2319/15/Supply-chain-risk-quantification-helps-reduce-exposure/ Fri, 24 May 2013 09:39:00 +0100 http://www.commercialriskeurope.com/cre/2319/15/Supply-chain-risk-quantification-helps-reduce-exposure/ http://www.commercialriskeurope.com/cre/2310/15/Insuring-reputational-harm/ What do you do if the celebrity endorsing your product is revealed to be a cheat, or a love rat, or is imprisoned, or spectacularly falls from grace one way or another? Or if there is a huge problem, highlighted... Fri, 24 May 2013 09:37:00 +0100 http://www.commercialriskeurope.com/cre/2310/15/Insuring-reputational-harm/ http://www.commercialriskeurope.com/cre/2309/15/Risk-managing-the-brand/ The catchline of this year's Institute of Risk Management (IRM) Forum was 'Mind the Brand' so it was no surprise that one of the keynote speakers was Rita Clifton, the 'doyenne of branding' and former chairman of Interbrand, who wasted... Fri, 24 May 2013 09:32:00 +0100 http://www.commercialriskeurope.com/cre/2309/15/Risk-managing-the-brand/ http://www.commercialriskeurope.com/cre/2317/15/Marsh-to-buy-Aon-representative-Peruvian-firm-Rehder/ Fri, 24 May 2013 09:31:00 +0100 http://www.commercialriskeurope.com/cre/2317/15/Marsh-to-buy-Aon-representative-Peruvian-firm-Rehder/ http://www.commercialriskeurope.com/cre/2323/15/Emerging-risk-takes-centre-stage-at-Rotterdam-meeting/ Fri, 24 May 2013 09:31:00 +0100 http://www.commercialriskeurope.com/cre/2323/15/Emerging-risk-takes-centre-stage-at-Rotterdam-meeting/ http://www.commercialriskeurope.com/cre/2318/15/Liabilities-set-to-increase-for-UK-exporters-warns-ACE/ Fri, 24 May 2013 09:30:00 +0100 http://www.commercialriskeurope.com/cre/2318/15/Liabilities-set-to-increase-for-UK-exporters-warns-ACE/ http://www.commercialriskeurope.com/cre/2308/15/Insurance-law-has-enterprise-wide-repercussions/ Fri, 24 May 2013 09:12:00 +0100 http://www.commercialriskeurope.com/cre/2308/15/Insurance-law-has-enterprise-wide-repercussions/ http://www.commercialriskeurope.com/cre/2307/15/New-Aon-guide-sheds-light-on-Risk-Management-Information-Systems/ Aon has published a new guide on Risk Management Information Systems (RMIS) to help risk managers identify and address key issues when deciding whether to invest in such a tool. The educational guide aims to help risk managers evaluate the... Fri, 24 May 2013 09:03:00 +0100 http://www.commercialriskeurope.com/cre/2307/15/New-Aon-guide-sheds-light-on-Risk-Management-Information-Systems/ http://www.commercialriskeurope.com/cre/2306/15/IRMSA-ponders-expansion-into-Angola-Botswana-and-Zambia-through-new-Namibian-chapter/ Tue, 21 May 2013 19:07:00 +0100 http://www.commercialriskeurope.com/cre/2306/15/IRMSA-ponders-expansion-into-Angola-Botswana-and-Zambia-through-new-Namibian-chapter/ http://www.commercialriskeurope.com/cre/2305/15/Warning-on-east-African-security/ Tue, 21 May 2013 19:04:00 +0100 http://www.commercialriskeurope.com/cre/2305/15/Warning-on-east-African-security/ http://www.commercialriskeurope.com/cre/2304/15/Europeans-look-for-close-African-ties/ Tue, 21 May 2013 18:59:00 +0100 http://www.commercialriskeurope.com/cre/2304/15/Europeans-look-for-close-African-ties/ http://www.commercialriskeurope.com/cre/2303/15/Risk-management-needs-to-be-more-than-entertainment/ Risk managers have been told to make sure they take action and not just keep busy without achieving concrete results. The warning comes from Dave Ingram, an executive vice president of Willis Re, who specialises in theory and practice of... Tue, 21 May 2013 18:56:00 +0100 http://www.commercialriskeurope.com/cre/2303/15/Risk-management-needs-to-be-more-than-entertainment/ http://www.commercialriskeurope.com/cre/2302/15/South-Africans-must-push-on-with-new-solvency-regime/ Tue, 21 May 2013 18:54:00 +0100 http://www.commercialriskeurope.com/cre/2302/15/South-Africans-must-push-on-with-new-solvency-regime/ http://www.commercialriskeurope.com/cre/2301/15/Get-out-the-soapbox-comment/ Welcome to the fifth issue of Commercial Risk Africa, which marks a significant milestone in the development of this exciting new publication. This is because this issue is edited by Liz Booth, the publication’s first dedicated editor, who has taken... Tue, 21 May 2013 18:49:00 +0100 http://www.commercialriskeurope.com/cre/2301/15/Get-out-the-soapbox-comment/ http://www.commercialriskeurope.com/cre/2300/15/Africa-s-terrorism-and-political-threat-still-high/ Tue, 21 May 2013 18:32:00 +0100 http://www.commercialriskeurope.com/cre/2300/15/Africa-s-terrorism-and-political-threat-still-high/ http://www.commercialriskeurope.com/cre/2299/15/Namibia-vast-space-concentrated-risk/ A large, sparsely populated country of around 2.2m people, Namibia is mainly a resource and agriculture-based economy. Mining accounts for 8% of its Gross Domestic Product yet provides more than 50% of foreign exchange earnings, while the financial business sector... Tue, 21 May 2013 18:16:00 +0100 http://www.commercialriskeurope.com/cre/2299/15/Namibia-vast-space-concentrated-risk/ http://www.commercialriskeurope.com/cre/2298/15/Protecting-the-borders---Namibia/ With white collar crime proving a headache for Namibian business, the country finds it is also challenged with fraud risk originating from neighbouring territories. The automotive industry has been no stranger to these challenges and continues to face a number... Tue, 21 May 2013 18:09:00 +0100 http://www.commercialriskeurope.com/cre/2298/15/Protecting-the-borders---Namibia/ http://www.commercialriskeurope.com/cre/2297/15/Sector-Focus-Tourism-A-pleasurable-risk/ Tue, 21 May 2013 18:01:00 +0100 http://www.commercialriskeurope.com/cre/2297/15/Sector-Focus-Tourism-A-pleasurable-risk/ http://www.commercialriskeurope.com/cre/2296/15/Sector-Focus-Agriculture-Time-for-growth/ Earlier this year the World Bank said Africa’s agricultural business could create a trillion-dollar food market by 2030. Commercial Risk Africa Editor Liz Booth talked to Christina Ulardic, from Swiss Re Corporate Solutions, about the challenges ahead and also some... Tue, 21 May 2013 17:55:00 +0100 http://www.commercialriskeurope.com/cre/2296/15/Sector-Focus-Agriculture-Time-for-growth/ http://www.commercialriskeurope.com/cre/2293/15/Growing-reinsurance-capital-is-welcome-news-for-buyers/ Mon, 20 May 2013 18:50:00 +0100 http://www.commercialriskeurope.com/cre/2293/15/Growing-reinsurance-capital-is-welcome-news-for-buyers/ http://www.commercialriskeurope.com/cre/2292/15/Opinion-divided-on-new-UK-regulatory-regime-Airmic-gives-cautious-welcome/ On 1 April the UK ushered in a new regulatory regime with two new bodies, the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA), replacing the Financial Services Authority (FSA) that was established in 1997 to replace the numerous... Mon, 20 May 2013 18:46:00 +0100 http://www.commercialriskeurope.com/cre/2292/15/Opinion-divided-on-new-UK-regulatory-regime-Airmic-gives-cautious-welcome/ http://www.commercialriskeurope.com/cre/2291/15/The-time-is-right-comment/ Mon, 20 May 2013 18:41:00 +0100 http://www.commercialriskeurope.com/cre/2291/15/The-time-is-right-comment/ http://www.commercialriskeurope.com/cre/2290/15/Cooperation-and-innovation-needed-to-boost-risk-industries-says-Narim/ Mon, 20 May 2013 18:31:00 +0100 http://www.commercialriskeurope.com/cre/2290/15/Cooperation-and-innovation-needed-to-boost-risk-industries-says-Narim/ http://www.commercialriskeurope.com/cre/2289/15/The-view-from-Europe-Europe/ The interviews with leading European risk managers for the Global Risk Frontiers survey have been carried out since the start of the year and published in various guises within Commercial Risk Europe. Here are three of the most interesting carried... Mon, 20 May 2013 17:21:00 +0100 http://www.commercialriskeurope.com/cre/2289/15/The-view-from-Europe-Europe/ http://www.commercialriskeurope.com/cre/2288/15/Fraud---an-inevitable-risk-factor-in-China/ The risk of falling foul of corruption and bribery laws in their home countries has emerged as one of the most important threats faced by multinational companies doing business in China, according to experts gathered at RIMS 2013, the US... Mon, 20 May 2013 14:28:00 +0100 http://www.commercialriskeurope.com/cre/2288/15/Fraud---an-inevitable-risk-factor-in-China/ http://www.commercialriskeurope.com/cre/2287/15/Global-programmes-and-US-exposures/ How does the US fit into a global insurance programme? This is an important question for many risk managers of multinational companies. The US can often be viewed by multinational risk managers outside of the US as a 'non-admitted, not... Mon, 20 May 2013 14:18:00 +0100 http://www.commercialriskeurope.com/cre/2287/15/Global-programmes-and-US-exposures/ http://www.commercialriskeurope.com/cre/2286/15/Understanding-and-managing-sanctions/ Companies navigating the global marketplace must tread carefully in the area of economic sanctions, according to a white paper from AIG. 'What You May Not Know About Sanctions (And How It Can Hurt You)', written by Rajika Bhasin, Counsel, Global... Mon, 20 May 2013 14:13:00 +0100 http://www.commercialriskeurope.com/cre/2286/15/Understanding-and-managing-sanctions/ http://www.commercialriskeurope.com/cre/2285/15/Cyber-Risk-A-global-problem-Part-Two/ The growth in cyber attacks is helping raise awareness of cyber risk around the world. Corporate decision makers are deeply concerned about the exposure their companies face with cyber-related risks. Cyber risk, in fact, topped the list of threats of... Mon, 20 May 2013 14:06:00 +0100 http://www.commercialriskeurope.com/cre/2285/15/Cyber-Risk-A-global-problem-Part-Two/ http://www.commercialriskeurope.com/cre/2284/15/Aon-report-highlights-programme-preferences/ Multinational companies tend to use corporate headquarters to control placements when it comes to global insurance programmes, but a significant minority also allow local offices to purchase certain lines. This is according to Aon Risk Solutions' Global Risk Management Survey... Mon, 20 May 2013 14:01:00 +0100 http://www.commercialriskeurope.com/cre/2284/15/Aon-report-highlights-programme-preferences/ http://www.commercialriskeurope.com/cre/2283/15/Tax-and-regulatory-news/ Nebraska signs MMoU, South Korea introduces compulsory Fire Legal Liability insurance, Italian tax modification, Moody's reports on global insurance solvency regimes, CBI publishes new statement of tax principles for business, Tax authorities getting fiercer, warns tax advisor, South Africa holds... Mon, 20 May 2013 13:50:00 +0100 http://www.commercialriskeurope.com/cre/2283/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/2282/15/News-in-brief/ Munich Re sees strong growth in global insurance market, A.M. Best positive over ASEAN insurance market outlook, XL to offer Shariah compliant insurance cover, S&P's new insurer rating criteria and assessments, IUA report highlights need for dedicated environmental policy, Abu... Mon, 20 May 2013 13:35:00 +0100 http://www.commercialriskeurope.com/cre/2282/15/News-in-brief/ http://www.commercialriskeurope.com/cre/2281/15/Captive-news/ Marsh releases 2013 captive ranking, North Carolina set to pass captive legislation, Tennessee brings in new protected cell legislation, Guernsey welcomes automatic information exchange pilot, Cayman Islands commits to G5 pilot, OECD supports Cayman's legal and regulatory regime, Guernsey and... Mon, 20 May 2013 13:14:00 +0100 http://www.commercialriskeurope.com/cre/2281/15/Captive-news/ http://www.commercialriskeurope.com/cre/2280/15/Editors-comment-United-we-stand-divided-we-fall/ Mon, 20 May 2013 12:52:00 +0100 http://www.commercialriskeurope.com/cre/2280/15/Editors-comment-United-we-stand-divided-we-fall/ http://www.commercialriskeurope.com/cre/2279/15/Canada-market-report---Steady-and-sure/ Commercial insurance rates in Canada are expected to remain stable across most lines of business in 2013, according to Marsh's Canada Insurance Market Report 2013. However, organisations with poor loss records and those that suffered significant losses should expect insurers... Mon, 20 May 2013 12:07:00 +0100 http://www.commercialriskeurope.com/cre/2279/15/Canada-market-report---Steady-and-sure/ http://www.commercialriskeurope.com/cre/2278/15/Yves-de-Mestier-AXA/ Mon, 20 May 2013 11:53:00 +0100 http://www.commercialriskeurope.com/cre/2278/15/Yves-de-Mestier-AXA/ http://www.commercialriskeurope.com/cre/2277/15/Breaking-down-the-silos-Christoph-Schwager-Europe/ Christoph Schwager joined the European Aeronautic Defence and Space Company (EADS), the global pan-European aerospace and defence corporation and defence and military contractor, 12 years ago in an accounting role and recently was made chief risk officer. CRE Editor Adrian... Fri, 17 May 2013 17:18:00 +0100 http://www.commercialriskeurope.com/cre/2277/15/Breaking-down-the-silos-Christoph-Schwager-Europe/ http://www.commercialriskeurope.com/cre/2276/15/All-looking-up-Regis-de-Poncins-Europe/ CRE’s Rodrigo Amaral interviewed Régis de Poncins, Head of Insurance at CFAO, the France-based global company that specialises in the distribution of industrial products, for the Global Risk Frontiers survey. Mr de Poncins believes that risk management is being taken... Fri, 17 May 2013 17:08:00 +0100 http://www.commercialriskeurope.com/cre/2276/15/All-looking-up-Regis-de-Poncins-Europe/ http://www.commercialriskeurope.com/cre/2275/15/Culture-club-Julia-Graham-Europe/ Adrian Ladbury interviewed Julia Graham, Chief Risk Officer of the world’s largest law firm DLA Piper, for the Global Risk Frontiers European leg. He found her in typically thoughtful mood and stressed the importance of deeply embedding an enterprise-wide risk... Fri, 17 May 2013 17:03:00 +0100 http://www.commercialriskeurope.com/cre/2275/15/Culture-club-Julia-Graham-Europe/ http://www.commercialriskeurope.com/cre/2274/15/US-revisited-North-America-Part-II/ The Global Risk Frontiers [GRF] survey of leading risk practitioners continues with the second part of our analysis in North America. The CRE team also reports from the RIMS conference in Los Angeles during which all the questions covered by... Fri, 17 May 2013 16:56:00 +0100 http://www.commercialriskeurope.com/cre/2274/15/US-revisited-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2273/15/US-risk-managers-nonplused-by-global-risk-management-designation-North-America-Part-II/ Fri, 17 May 2013 16:41:00 +0100 http://www.commercialriskeurope.com/cre/2273/15/US-risk-managers-nonplused-by-global-risk-management-designation-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2272/15/Room-for-improvement-North-America-Part-II/ Risk managers in North America are hearing their voices grow louder on the global stage as the US Risk & Insurance Management Society Inc (RIMS) has become more internationally focused and European associations continue their strong lobbying efforts on behalf... Fri, 17 May 2013 12:37:00 +0100 http://www.commercialriskeurope.com/cre/2272/15/Room-for-improvement-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2225/15/Global-risk-certification-debate-hots-up-at-RIMS-North-America-Part-II/ Fri, 17 May 2013 12:01:00 +0100 http://www.commercialriskeurope.com/cre/2225/15/Global-risk-certification-debate-hots-up-at-RIMS-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2227/15/US-companies-buying-into-strategic-risk-management-finds-RIMS-survey-North-America-Part-II/ Fri, 17 May 2013 11:56:00 +0100 http://www.commercialriskeurope.com/cre/2227/15/US-companies-buying-into-strategic-risk-management-finds-RIMS-survey-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2226/15/S-P-gives-ERM-shot-in-the-arm-with-new-guidelines-North-America-Part-II/ Risk managers have been provided with a real opportunity to quantify the added value of Enterprise Risk Management (ERM) following published guidelines from S&P on how it evaluates management and governance factors within corporate firms, according to experts who spoke... Fri, 17 May 2013 11:41:00 +0100 http://www.commercialriskeurope.com/cre/2226/15/S-P-gives-ERM-shot-in-the-arm-with-new-guidelines-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2228/15/Time-for-teamwork-North-America-Part-II/ Fri, 17 May 2013 11:40:00 +0100 http://www.commercialriskeurope.com/cre/2228/15/Time-for-teamwork-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2231/15/Inability-to-quantify-benefits-and-high-costs-holding-back-ERM-North-America-Part-II/ The number of non-financial US companies that embrace ERM has stagnated over the last few years, largely because of an inability to quantify its benefits and the costs associated with implementation, finds a survey carried out by Towers Watson. The... Fri, 17 May 2013 11:38:00 +0100 http://www.commercialriskeurope.com/cre/2231/15/Inability-to-quantify-benefits-and-high-costs-holding-back-ERM-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2229/15/Business-interruption-keeping-C-suite-awake-at-night-North-America-Part-II/ Business interruption has jumped to the number one risk feared by the C-suite in the US, according to a survey by Marsh and RIMS. While they share many of the top concerns as their risk professional colleagues, legal and regulatory... Fri, 17 May 2013 11:36:00 +0100 http://www.commercialriskeurope.com/cre/2229/15/Business-interruption-keeping-C-suite-awake-at-night-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2232/15/Global-transfer-compliance-gets-more-complex-and-costly-experts-say-North-America-Part-II/ Global programme compliance has been a hot topic for risk managers around the world and it was no different at the 2013 issue of RIMS in Los Angeles last month. In a well-attended session participants were warned that fully compliant... Fri, 17 May 2013 11:35:00 +0100 http://www.commercialriskeurope.com/cre/2232/15/Global-transfer-compliance-gets-more-complex-and-costly-experts-say-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2167/15/A-global-view-John-Phelps-President-of-RIMS-North-America-Part-II/ John Phelps, Director of Business Risk Solutions for Health Solutions group Blue Cross and Blue Shield of Florida, Inc, was named president of RIMS, the US risk management association, at the start of this year. Mr Phelps said at the... Fri, 17 May 2013 11:32:00 +0100 http://www.commercialriskeurope.com/cre/2167/15/A-global-view-John-Phelps-President-of-RIMS-North-America-Part-II/ http://www.commercialriskeurope.com/cre/2270/15/EU-study-finds-work-related-stress-not-properly-risk-managed/ Just over 40% of workers across Europe feel that work-related stress is not handled well in their organisation, according to a new survey carried out on behalf of the European Agency for Safety and Health at Work (EU-OSHA). The poll... Fri, 17 May 2013 11:31:00 +0100 http://www.commercialriskeurope.com/cre/2270/15/EU-study-finds-work-related-stress-not-properly-risk-managed/ http://www.commercialriskeurope.com/cre/2269/15/Risk-managers-need-to-up-communication-game-to-gain-interest-of-board-Polrisk/ The relationship between risk managers and management board members is not as good as it could or should be. This was the conclusion reached by a panel discussion at the annual meeting of the Polish risk managers' association Polrisk on... Fri, 17 May 2013 11:27:00 +0100 http://www.commercialriskeurope.com/cre/2269/15/Risk-managers-need-to-up-communication-game-to-gain-interest-of-board-Polrisk/ http://www.commercialriskeurope.com/cre/2268/15/Overall-global-terrorism-and-political-risk-levels-down-finds-Aon-map/ There has been an overall improvement in the global terrorism and political risk profile, but the knock on effects of the Arab Spring and financial crisis are still driving heightened levels of political violence, according to the 10th annual Terrorism... Fri, 17 May 2013 11:23:00 +0100 http://www.commercialriskeurope.com/cre/2268/15/Overall-global-terrorism-and-political-risk-levels-down-finds-Aon-map/ http://www.commercialriskeurope.com/cre/2263/15/Oil-firms-investigated-by-EC-over-price-fixing/ Fri, 17 May 2013 11:20:00 +0100 http://www.commercialriskeurope.com/cre/2263/15/Oil-firms-investigated-by-EC-over-price-fixing/ http://www.commercialriskeurope.com/cre/2267/15/Pricing-challenges-and-Solvency-II-dominate-discussion-at-European-Insurance-Forum/ Insurance buyers must be persuaded to change their attitude towards pricing to allow insurers and reinsurers to cope with the rising cost of capital, regulatory change and a non-performing investment market. This was the message from reinsurance heads speaking at... Fri, 17 May 2013 11:18:00 +0100 http://www.commercialriskeurope.com/cre/2267/15/Pricing-challenges-and-Solvency-II-dominate-discussion-at-European-Insurance-Forum/ http://www.commercialriskeurope.com/cre/2271/15/Risk-managers-gathering-in-London-for-Global-Risk-Frontiers-Debate/ Fri, 17 May 2013 11:17:00 +0100 http://www.commercialriskeurope.com/cre/2271/15/Risk-managers-gathering-in-London-for-Global-Risk-Frontiers-Debate/ http://www.commercialriskeurope.com/cre/2262/15/Spreading-obesity-epidemic-causing-major-headaches-for-multinationals/ Fri, 17 May 2013 11:16:00 +0100 http://www.commercialriskeurope.com/cre/2262/15/Spreading-obesity-epidemic-causing-major-headaches-for-multinationals/ http://www.commercialriskeurope.com/cre/2266/15/Reputational-risk-fear-triggers-corporate-reaction-to-Bangladesh-tragedy/ Fri, 17 May 2013 11:15:00 +0100 http://www.commercialriskeurope.com/cre/2266/15/Reputational-risk-fear-triggers-corporate-reaction-to-Bangladesh-tragedy/ http://www.commercialriskeurope.com/cre/2265/15/Barroso-Euro-crisis-is-over-and-Italy-needs-to-forge-ahead-with-reforms/ Fri, 17 May 2013 11:11:00 +0100 http://www.commercialriskeurope.com/cre/2265/15/Barroso-Euro-crisis-is-over-and-Italy-needs-to-forge-ahead-with-reforms/ http://www.commercialriskeurope.com/cre/2260/15/Corporate-round-up/ Fri, 17 May 2013 11:06:00 +0100 http://www.commercialriskeurope.com/cre/2260/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2264/15/Austria-gives-European-tax-dodgers-breathing-space-but-EC-vows-to-fight-on/ Tax dodging corporations and individuals in Europe will have been pleased to hear this week that Austria managed to block the passage of a new directive on savings that would have acted as the spearhead of the European Commission's latest... Fri, 17 May 2013 11:05:00 +0100 http://www.commercialriskeurope.com/cre/2264/15/Austria-gives-European-tax-dodgers-breathing-space-but-EC-vows-to-fight-on/ http://www.commercialriskeurope.com/cre/2261/15/EC-launches-emergency-response-centre/ Fri, 17 May 2013 10:54:00 +0100 http://www.commercialriskeurope.com/cre/2261/15/EC-launches-emergency-response-centre/ http://www.commercialriskeurope.com/cre/2259/15/French-class-action-bill-moves-forward/ Thu, 09 May 2013 11:45:00 +0100 http://www.commercialriskeurope.com/cre/2259/15/French-class-action-bill-moves-forward/ http://www.commercialriskeurope.com/cre/2258/15/Profits-still-strong-for-major-primary-insurers/ A number of large primary insurers reported strong first quarter profits and relatively low combined ratios. AIG, Allianz and XL Group were all helped by lower than expected large losses in the quarter, adding further fuel to ongoing soft market... Thu, 09 May 2013 11:43:00 +0100 http://www.commercialriskeurope.com/cre/2258/15/Profits-still-strong-for-major-primary-insurers/ http://www.commercialriskeurope.com/cre/2257/15/German-reinsurers-report-upbeat-start-to-2013/ Thu, 09 May 2013 11:41:00 +0100 http://www.commercialriskeurope.com/cre/2257/15/German-reinsurers-report-upbeat-start-to-2013/ http://www.commercialriskeurope.com/cre/2256/15/Some-ratings-to-move-as-S-P-changes-criteria/ Thu, 09 May 2013 11:40:00 +0100 http://www.commercialriskeurope.com/cre/2256/15/Some-ratings-to-move-as-S-P-changes-criteria/ http://www.commercialriskeurope.com/cre/2255/15/Robust-cat-bond-issuance-on-track-to-set-new-record/ Thu, 09 May 2013 11:39:00 +0100 http://www.commercialriskeurope.com/cre/2255/15/Robust-cat-bond-issuance-on-track-to-set-new-record/ http://www.commercialriskeurope.com/cre/2254/15/Airline-losses-down-40-in-2012/ Thu, 09 May 2013 11:37:00 +0100 http://www.commercialriskeurope.com/cre/2254/15/Airline-losses-down-40-in-2012/ http://www.commercialriskeurope.com/cre/2253/15/Companies-see-compliance-as-biggest-risk-when-expanding-overseas-QBE-survey/ Thu, 09 May 2013 11:36:00 +0100 http://www.commercialriskeurope.com/cre/2253/15/Companies-see-compliance-as-biggest-risk-when-expanding-overseas-QBE-survey/ http://www.commercialriskeurope.com/cre/2252/15/XL-Group-launches-Shariah-compliant-industrial-cover/ Thu, 09 May 2013 11:34:00 +0100 http://www.commercialriskeurope.com/cre/2252/15/XL-Group-launches-Shariah-compliant-industrial-cover/ http://www.commercialriskeurope.com/cre/2251/15/PERILS-estimates-Italian-2012-quake-at-1-2bn/ Thu, 09 May 2013 11:32:00 +0100 http://www.commercialriskeurope.com/cre/2251/15/PERILS-estimates-Italian-2012-quake-at-1-2bn/ http://www.commercialriskeurope.com/cre/2250/15/Crisis-boosts-risk-of-employee-crime/ Thu, 09 May 2013 11:30:00 +0100 http://www.commercialriskeurope.com/cre/2250/15/Crisis-boosts-risk-of-employee-crime/ http://www.commercialriskeurope.com/cre/2295/15/Ferma-vows-to-fight-back-on-watered-down-broker-transparency-rules-in-EU/ Ferma president Jorge Luzzi used his place on the stage at last month’s RIMS conference to promise European risk managers that the federation will fight to ensure that the EC does not drop automatic broker transparency in the large risks... Tue, 07 May 2013 12:16:00 +0100 http://www.commercialriskeurope.com/cre/2295/15/Ferma-vows-to-fight-back-on-watered-down-broker-transparency-rules-in-EU/ http://www.commercialriskeurope.com/cre/2294/15/German-insurers-under-fire-for-shock-tactics/ Tue, 07 May 2013 12:11:00 +0100 http://www.commercialriskeurope.com/cre/2294/15/German-insurers-under-fire-for-shock-tactics/ http://www.commercialriskeurope.com/cre/2249/15/Captives-owners-need-to-up-ahead-of-SII---Swiss-Re/ Fri, 03 May 2013 11:54:00 +0100 http://www.commercialriskeurope.com/cre/2249/15/Captives-owners-need-to-up-ahead-of-SII---Swiss-Re/ http://www.commercialriskeurope.com/cre/2248/15/RSA-results-bolstered-by-emerging-markets-Europe-flat/ Fri, 03 May 2013 11:52:00 +0100 http://www.commercialriskeurope.com/cre/2248/15/RSA-results-bolstered-by-emerging-markets-Europe-flat/ http://www.commercialriskeurope.com/cre/2247/15/Swiss-Re-feeds-buoyant-mood-in-reinsurance-sector-with-Q1-results/ Fri, 03 May 2013 11:51:00 +0100 http://www.commercialriskeurope.com/cre/2247/15/Swiss-Re-feeds-buoyant-mood-in-reinsurance-sector-with-Q1-results/ http://www.commercialriskeurope.com/cre/2246/15/Walsh-takes-over-Europe-for-AIG-as-Schimek-heads-home/ Rob Schimek, President and CEO of the Europe, Middle East, and Africa of AIG, will return to the US to take up the role of President and Chief Executive Officer of AIG Property Casualty's Americas region, in a senior management... Fri, 03 May 2013 11:49:00 +0100 http://www.commercialriskeurope.com/cre/2246/15/Walsh-takes-over-Europe-for-AIG-as-Schimek-heads-home/ http://www.commercialriskeurope.com/cre/2245/15/US-CRO-salaries-rise-7-5-since-2008-despite-impact-of-crisis/ A Compensation Survey carried out by RIMS, the US risk management association, has found that Chief Risk Officers' (CRO) average base salary has increased from $170,683 in 2008 to $183,572 in 2013. This represents nearly a 7.5% increase over the... Fri, 03 May 2013 11:47:00 +0100 http://www.commercialriskeurope.com/cre/2245/15/US-CRO-salaries-rise-7-5-since-2008-despite-impact-of-crisis/ http://www.commercialriskeurope.com/cre/2244/15/Solar-activity-and-magnetic-poles-key-to-risk-Rogov/ Fri, 03 May 2013 11:43:00 +0100 http://www.commercialriskeurope.com/cre/2244/15/Solar-activity-and-magnetic-poles-key-to-risk-Rogov/ http://www.commercialriskeurope.com/cre/2243/15/L-G-seeks-to-help-close-1-35tn-business-protection-gap/ Fri, 03 May 2013 11:31:00 +0100 http://www.commercialriskeurope.com/cre/2243/15/L-G-seeks-to-help-close-1-35tn-business-protection-gap/ http://www.commercialriskeurope.com/cre/2242/15/Almost-700-000-UK-workers-face-vibration-health-threat/ Fri, 03 May 2013 11:25:00 +0100 http://www.commercialriskeurope.com/cre/2242/15/Almost-700-000-UK-workers-face-vibration-health-threat/ http://www.commercialriskeurope.com/cre/2234/15/Risk-managers-unprepared-for-major-risks-and-underestimating-others-Aon-survey/ Fri, 26 Apr 2013 15:19:00 +0100 http://www.commercialriskeurope.com/cre/2234/15/Risk-managers-unprepared-for-major-risks-and-underestimating-others-Aon-survey/ http://www.commercialriskeurope.com/cre/2235/15/Proposed-Dutch-flood-pool-could-provide-breakthrough-for-commercial-buyers/ Fri, 26 Apr 2013 15:18:00 +0100 http://www.commercialriskeurope.com/cre/2235/15/Proposed-Dutch-flood-pool-could-provide-breakthrough-for-commercial-buyers/ http://www.commercialriskeurope.com/cre/2236/15/Swiss-Re-and-GEM-announces-project-to-improve-seismic-risk-management-capabilities-in-Latin-America/ The Swiss Re Foundation and the Global Earthquake Model (GEM) Foundation have announced a three-year collaborative project to create what they say is the first ever comprehensive picture of seismic risk in Latin America that takes into account social and... Fri, 26 Apr 2013 15:17:00 +0100 http://www.commercialriskeurope.com/cre/2236/15/Swiss-Re-and-GEM-announces-project-to-improve-seismic-risk-management-capabilities-in-Latin-America/ http://www.commercialriskeurope.com/cre/2237/15/EC-competition-chief-warns-of-rising-risk-of-protectionism/ Fri, 26 Apr 2013 15:16:00 +0100 http://www.commercialriskeurope.com/cre/2237/15/EC-competition-chief-warns-of-rising-risk-of-protectionism/ http://www.commercialriskeurope.com/cre/2238/15/IUMI-supports-effort-to-establish-best-practice-Arctic-exploration/ Fri, 26 Apr 2013 15:15:00 +0100 http://www.commercialriskeurope.com/cre/2238/15/IUMI-supports-effort-to-establish-best-practice-Arctic-exploration/ http://www.commercialriskeurope.com/cre/2239/15/BrokersLink-launches-global-employee-benefits-practice/ Insurance broking network BrokersLink is looking to support international companies through a newly established Global Employee Benefits Practice Group, the first network to do so, it claims. The practice group will help build the employee benefits capabilities of its consulting... Fri, 26 Apr 2013 15:14:00 +0100 http://www.commercialriskeurope.com/cre/2239/15/BrokersLink-launches-global-employee-benefits-practice/ http://www.commercialriskeurope.com/cre/2240/15/Time-for-action-on-tax-dodgers-vows-EC-tax-chief/ Fri, 26 Apr 2013 15:13:00 +0100 http://www.commercialriskeurope.com/cre/2240/15/Time-for-action-on-tax-dodgers-vows-EC-tax-chief/ http://www.commercialriskeurope.com/cre/2241/15/Corporate-round-up/ Fri, 26 Apr 2013 15:11:00 +0100 http://www.commercialriskeurope.com/cre/2241/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2224/15/Changes-to-ISO-31000-on-horizon-implementation-guide-due-in-months/ A guide to help risk managers and other professionals implement international risk management standard ISO 31000 is set for publication this September and is likely to be followed by changes to the standard itself, a leading player involved in both... Wed, 24 Apr 2013 12:18:00 +0100 http://www.commercialriskeurope.com/cre/2224/15/Changes-to-ISO-31000-on-horizon-implementation-guide-due-in-months/ http://www.commercialriskeurope.com/cre/2230/15/Peru-creates-association-as-risk-management-spreads-in-Latin-America/ Wed, 24 Apr 2013 12:12:00 +0100 http://www.commercialriskeurope.com/cre/2230/15/Peru-creates-association-as-risk-management-spreads-in-Latin-America/ http://www.commercialriskeurope.com/cre/2233/15/Latin-American-rules-create-non-admitted-dilemmas/ Wed, 24 Apr 2013 12:09:00 +0100 http://www.commercialriskeurope.com/cre/2233/15/Latin-American-rules-create-non-admitted-dilemmas/ http://www.commercialriskeurope.com/cre/2221/15/The-Evolution-of-Global-Insurance-Regulation/ Sun, 21 Apr 2013 06:08:00 +0100 http://www.commercialriskeurope.com/cre/2221/15/The-Evolution-of-Global-Insurance-Regulation/ http://www.commercialriskeurope.com/cre/2220/15/Surety-insurance-to-finally-land-in-Mexico/ Sun, 21 Apr 2013 06:03:00 +0100 http://www.commercialriskeurope.com/cre/2220/15/Surety-insurance-to-finally-land-in-Mexico/ http://www.commercialriskeurope.com/cre/2223/15/Cyber-Risk-a-global-problem-Part-One/ Sun, 21 Apr 2013 06:01:00 +0100 http://www.commercialriskeurope.com/cre/2223/15/Cyber-Risk-a-global-problem-Part-One/ http://www.commercialriskeurope.com/cre/2219/15/Asia-Pacific-insurance-sector-to-double-by-2020/ Premium income for the insurance industry in the Asia-Pacific region will double by 2020, according to a study published by Munich Re's Economic Research Department. At more than €1tn, nearly half of the estimated additional global primary insurance premiums will... Sun, 21 Apr 2013 05:53:00 +0100 http://www.commercialriskeurope.com/cre/2219/15/Asia-Pacific-insurance-sector-to-double-by-2020/ http://www.commercialriskeurope.com/cre/2222/15/Tax-and-regulatory-news/ New indirect taxation booklet available, offshore reinsurance remittance tightened in Argentina, single Economic Space countries working on insurance agreement, EIOPA and World Bank sign insurance Memorandum of Understanding, manuscript wordings discouraged in Brazil, eased sanctions open door to coverage in... Fri, 19 Apr 2013 18:11:00 +0100 http://www.commercialriskeurope.com/cre/2222/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/2218/15/News-in-brief/ Hong Kong insurance premiums increase in 2012, new global commercial property product from Clements,  XL Group restructures insurance operations in Asia Pacific, Saudi Arabia's insurance market on the up, says S&P,  Allianz to acquire Turkish insurer,  Indonesia has greatest potential... Fri, 19 Apr 2013 18:10:00 +0100 http://www.commercialriskeurope.com/cre/2218/15/News-in-brief/ http://www.commercialriskeurope.com/cre/2217/15/Captive-news/ CICA's latest fronting survey sees increase in fronting, OECD endorses Guernsey's tax standards, Cayman introduces portfolio insurance companies, Bermuda wrote over USD100 billion in premiums in 2011, Delaware Tribe of Indians to become latest US captive domicile, Cayman Islands adopts... Fri, 19 Apr 2013 17:59:00 +0100 http://www.commercialriskeurope.com/cre/2217/15/Captive-news/ http://www.commercialriskeurope.com/cre/2216/15/Editors-comment---Regulatory-overload-is-there-an-upside/ It is all happening on the supervisory front for insurers. First, there is ComFrame, or to give it the full title, the Common Framework for the Regulation of Internationally Active Insurance Groups. Then there is the EU-US Regulatory Dialogue Project... Fri, 19 Apr 2013 17:49:00 +0100 http://www.commercialriskeurope.com/cre/2216/15/Editors-comment---Regulatory-overload-is-there-an-upside/ http://www.commercialriskeurope.com/cre/2215/15/Mexico-On-the-up/ Mexico was badly hit by the credit crisis, largely because of its close links to the US business cycle. According to Atradius, real GDP growth decreased by 6.3% year-on-year in 2009. However, since 2010 the economy has rebounded, thanks mainly... Fri, 19 Apr 2013 17:40:00 +0100 http://www.commercialriskeurope.com/cre/2215/15/Mexico-On-the-up/ http://www.commercialriskeurope.com/cre/2214/15/Alessandro-De-Felice-Ferma-s-rising-star/ The Prysmian Group is a leading manufacturer of high-technology cables and systems for energy and telecommunications, with sales of around €8bn. It is a global company, with subsidiaries in 50 countries, 98 plants, 22 R&D Centers and 22,000 employees. As... Fri, 19 Apr 2013 17:27:00 +0100 http://www.commercialriskeurope.com/cre/2214/15/Alessandro-De-Felice-Ferma-s-rising-star/ http://www.commercialriskeurope.com/cre/2213/15/Multinational-Insurance-Programs-evaluating-the-risks---David-Halperin/ As companies expand their footprint, a thorough assessment of cross-border risks and insurance options for mitigating those risks, becomes essential. One of the solutions offered by the insurance industry to protect a company's operations around the globe is a Controlled... Fri, 19 Apr 2013 17:16:00 +0100 http://www.commercialriskeurope.com/cre/2213/15/Multinational-Insurance-Programs-evaluating-the-risks---David-Halperin/ http://www.commercialriskeurope.com/cre/2206/15/Boston-bombing-likely-to-significantly-impact-terrorism-and-sporting-markets/ Thu, 18 Apr 2013 07:55:00 +0100 http://www.commercialriskeurope.com/cre/2206/15/Boston-bombing-likely-to-significantly-impact-terrorism-and-sporting-markets/ http://www.commercialriskeurope.com/cre/2212/15/Insurance-rates-up-globally-but-down-excluding-US---Marsh/ Thu, 18 Apr 2013 07:50:00 +0100 http://www.commercialriskeurope.com/cre/2212/15/Insurance-rates-up-globally-but-down-excluding-US---Marsh/ http://www.commercialriskeurope.com/cre/2211/15/Global-business-steps-up-supply-chain-risk-efforts-as-motor-sector-takes-one-step-further/ Thu, 18 Apr 2013 07:47:00 +0100 http://www.commercialriskeurope.com/cre/2211/15/Global-business-steps-up-supply-chain-risk-efforts-as-motor-sector-takes-one-step-further/ http://www.commercialriskeurope.com/cre/2207/15/Willis-fears-exits-from-downstream-energy-market/ Thu, 18 Apr 2013 07:45:00 +0100 http://www.commercialriskeurope.com/cre/2207/15/Willis-fears-exits-from-downstream-energy-market/ http://www.commercialriskeurope.com/cre/2205/15/French-government-announces-strategy-to-mitigate-pollution-risks/ The French government has launched a new strategy to boost the adoption of measures to mitigate pollution-related technological risks at industrial plants in the country. It includes an initiative to accelerate the implementation of plans known by the French acronym... Thu, 18 Apr 2013 07:44:00 +0100 http://www.commercialriskeurope.com/cre/2205/15/French-government-announces-strategy-to-mitigate-pollution-risks/ http://www.commercialriskeurope.com/cre/2204/15/Court-criticises-agricultural-insurance-in-France/ Thu, 18 Apr 2013 07:43:00 +0100 http://www.commercialriskeurope.com/cre/2204/15/Court-criticises-agricultural-insurance-in-France/ http://www.commercialriskeurope.com/cre/2210/15/UK-solicitors-PI-market-sees-another-unrated-insurer-exit/ Thu, 18 Apr 2013 07:42:00 +0100 http://www.commercialriskeurope.com/cre/2210/15/UK-solicitors-PI-market-sees-another-unrated-insurer-exit/ http://www.commercialriskeurope.com/cre/2203/15/Marsh-targets-German-marine-business/ Thu, 18 Apr 2013 07:40:00 +0100 http://www.commercialriskeurope.com/cre/2203/15/Marsh-targets-German-marine-business/ http://www.commercialriskeurope.com/cre/2209/15/Corporate-round-up/ Thu, 18 Apr 2013 07:39:00 +0100 http://www.commercialriskeurope.com/cre/2209/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2208/15/One-in-three-insurers-misfiring-over-risk-adjusted-executive-pay/ A third of risk professionals at global insurance firms are unhappy with existing links between risk management and the remuneration policy of their executives but have no plans to change or adapt the current approach, finds a survey by professional... Thu, 18 Apr 2013 07:34:00 +0100 http://www.commercialriskeurope.com/cre/2208/15/One-in-three-insurers-misfiring-over-risk-adjusted-executive-pay/ http://www.commercialriskeurope.com/cre/2202/15/Industrial-unrest-across-region-threatens-many-key-industries/ Wed, 17 Apr 2013 08:36:00 +0100 http://www.commercialriskeurope.com/cre/2202/15/Industrial-unrest-across-region-threatens-many-key-industries/ http://www.commercialriskeurope.com/cre/2201/15/AGCS-expands-its-management-team-to-further-beef-up-African-offering/ Allianz Global Corporate & Specialty Africa (AGCS Africa) has appointed Isaac Mahlangu as the Head of Market Management Africa and also announced a slew of other senior appointments as it follows through its stated objective to be the lead industrial... Wed, 17 Apr 2013 08:32:00 +0100 http://www.commercialriskeurope.com/cre/2201/15/AGCS-expands-its-management-team-to-further-beef-up-African-offering/ http://www.commercialriskeurope.com/cre/2200/15/SA-Engineers-act-in-life-and-death-struggle-with-corruption/ Wed, 17 Apr 2013 08:28:00 +0100 http://www.commercialriskeurope.com/cre/2200/15/SA-Engineers-act-in-life-and-death-struggle-with-corruption/ http://www.commercialriskeurope.com/cre/2199/15/Coface-warns-of-protectionism-in-emerging-region/ Wed, 17 Apr 2013 08:22:00 +0100 http://www.commercialriskeurope.com/cre/2199/15/Coface-warns-of-protectionism-in-emerging-region/ http://www.commercialriskeurope.com/cre/2198/15/African-extractive-sector-must-up-governance-game-as-net-tightens/ Wed, 17 Apr 2013 08:18:00 +0100 http://www.commercialriskeurope.com/cre/2198/15/African-extractive-sector-must-up-governance-game-as-net-tightens/ http://www.commercialriskeurope.com/cre/2197/15/Latin-American-and-African-leaders-told-to-focus-on-corruption/ Wed, 17 Apr 2013 08:11:00 +0100 http://www.commercialriskeurope.com/cre/2197/15/Latin-American-and-African-leaders-told-to-focus-on-corruption/ http://www.commercialriskeurope.com/cre/2196/15/Time-to-spread-the-word-comment/ Wed, 17 Apr 2013 08:09:00 +0100 http://www.commercialriskeurope.com/cre/2196/15/Time-to-spread-the-word-comment/ http://www.commercialriskeurope.com/cre/2195/15/Global-business-steps-up-supply-chain-risk-efforts-as-motor-sector-takes-one-step-further/ Wed, 17 Apr 2013 08:05:00 +0100 http://www.commercialriskeurope.com/cre/2195/15/Global-business-steps-up-supply-chain-risk-efforts-as-motor-sector-takes-one-step-further/ http://www.commercialriskeurope.com/cre/2194/15/Mining-success-IRMSA-report/ Speaking in his personal capacity and experience as a risk manager of a South Africa-based multinational corporation, Mark Robins, Senior Vice-President: Group Risk at AngloGold Ashanti spoke at a recent meeting of the Institute of Risk Management South Africa (IRMSA)... Wed, 17 Apr 2013 07:58:00 +0100 http://www.commercialriskeurope.com/cre/2194/15/Mining-success-IRMSA-report/ http://www.commercialriskeurope.com/cre/2193/15/A-virtuous-circle-Steffen-Schiottz-Christensen-Damco/ Steffen Schiottz-Christensen recently arrived in South Africa from China to head up the African business of logistic firms Damco. The Dane sees many risks and opportunities in Africa and believes that best practice can be imported into the continent and... Wed, 17 Apr 2013 07:54:00 +0100 http://www.commercialriskeurope.com/cre/2193/15/A-virtuous-circle-Steffen-Schiottz-Christensen-Damco/ http://www.commercialriskeurope.com/cre/2192/15/Defining-a-new-culture-Catherine-Amai-Principal-Risk-Officer-of-Housing-Finance-Bank-in-Uganda/ Risk management in Uganda is a fairly new discipline and one that is still being learned across the economy.  With risk management only introduced in Uganda a few years back, the banking industry in particular is one of the few... Wed, 17 Apr 2013 07:44:00 +0100 http://www.commercialriskeurope.com/cre/2192/15/Defining-a-new-culture-Catherine-Amai-Principal-Risk-Officer-of-Housing-Finance-Bank-in-Uganda/ http://www.commercialriskeurope.com/cre/2191/15/In-need-of-cover/ As the Sub Saharan region continues to impress analysts and economists and investment flows inwards in search of rare growth opportunities the role of insurance becomes ever more important as a critical support tool for development. But is the market... Wed, 17 Apr 2013 07:35:00 +0100 http://www.commercialriskeurope.com/cre/2191/15/In-need-of-cover/ http://www.commercialriskeurope.com/cre/2190/15/Spreading-the-risk-gospel-Australasia/ As part of our Global Risk Frontiers (GRF) survey of leading risk practitioners around the world Ben Norris travelled to Australasia to seek the views from Down Under. Following are the highlights from his interviews with leading risk managers and... Tue, 16 Apr 2013 11:49:00 +0100 http://www.commercialriskeurope.com/cre/2190/15/Spreading-the-risk-gospel-Australasia/ http://www.commercialriskeurope.com/cre/2189/15/Risk-manager-and-insurance-buyer-Australasia/ One of the big dilemmas facing the global risk industry and the cause of many frank exchanges of views is the extent to which risk professionals should also be in charge, or involved, in the procurement of insurance. It seems... Tue, 16 Apr 2013 11:24:00 +0100 http://www.commercialriskeurope.com/cre/2189/15/Risk-manager-and-insurance-buyer-Australasia/ http://www.commercialriskeurope.com/cre/2188/15/Risk-penny-dropping-for-CEOs-but-battles-ahead-Australasia/ Having a CEO who takes risk management seriously and understands its benefits rather than regarding it as a tick box function remains something of a lottery. Although many in Australasia do see risk management as a value proposition others are... Tue, 16 Apr 2013 11:20:00 +0100 http://www.commercialriskeurope.com/cre/2188/15/Risk-penny-dropping-for-CEOs-but-battles-ahead-Australasia/ http://www.commercialriskeurope.com/cre/2187/15/Australasians-add-backing-to-international-risk-qualification-but-are-divided-over-feasibility-Australasia/ A globally recognised risk management qualification or accreditation scheme would bring a welcome boost to the profession, help raise the profile and influence of risk managers and is the logical next step in the development of the industry, most Australasian... Tue, 16 Apr 2013 11:15:00 +0100 http://www.commercialriskeurope.com/cre/2187/15/Australasians-add-backing-to-international-risk-qualification-but-are-divided-over-feasibility-Australasia/ http://www.commercialriskeurope.com/cre/2186/15/The-do-s-don-ts-of-best-practice-risk-management-Australasia/ Tue, 16 Apr 2013 11:03:00 +0100 http://www.commercialriskeurope.com/cre/2186/15/The-do-s-don-ts-of-best-practice-risk-management-Australasia/ http://www.commercialriskeurope.com/cre/2185/15/Global-risk-community-urged-to-work-as-one-Australasia/ The global risk management community needs to better organise itself in order to lobby on the international stage, further spread the risk gospel and facilitate the sharing of ideas, according to a range of experts from Australasia. But some concede... Tue, 16 Apr 2013 10:35:00 +0100 http://www.commercialriskeurope.com/cre/2185/15/Global-risk-community-urged-to-work-as-one-Australasia/ http://www.commercialriskeurope.com/cre/2184/15/Coming-to-America-North-America-Part-1/ Tue, 16 Apr 2013 10:18:00 +0100 http://www.commercialriskeurope.com/cre/2184/15/Coming-to-America-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2183/15/Shifting-landscape-requires-new-risk-approach-North-America-Part-1/ Mon, 15 Apr 2013 19:07:00 +0100 http://www.commercialriskeurope.com/cre/2183/15/Shifting-landscape-requires-new-risk-approach-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2182/15/Global-programmes-North-America-Part-1/ Mon, 15 Apr 2013 19:03:00 +0100 http://www.commercialriskeurope.com/cre/2182/15/Global-programmes-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2181/15/Who-s-in-charge-The-debate-goes-on-over-risk-function-integration-North-America-Part-1/ Mon, 15 Apr 2013 19:00:00 +0100 http://www.commercialriskeurope.com/cre/2181/15/Who-s-in-charge-The-debate-goes-on-over-risk-function-integration-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2180/15/Bespoke-and-reasonable-cover-North-America-Part-1/ Mon, 15 Apr 2013 18:54:00 +0100 http://www.commercialriskeurope.com/cre/2180/15/Bespoke-and-reasonable-cover-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2179/15/Annual-renewals-questioned-North-America-Part-1/ Annual renewals, an ingrained tradition in the insurance market, are out of step with other financial services companies’ practice of structuring multiyear deals, North American risk managers say, and some would like to see insurance companies fall in line and... Mon, 15 Apr 2013 18:51:00 +0100 http://www.commercialriskeurope.com/cre/2179/15/Annual-renewals-questioned-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2178/15/CEO-buy-in-North-America-Part-1/ Mon, 15 Apr 2013 18:47:00 +0100 http://www.commercialriskeurope.com/cre/2178/15/CEO-buy-in-North-America-Part-1/ http://www.commercialriskeurope.com/cre/2177/15/To-go-boldly-Africa/ The first annual Global Risk Frontiers (GRF) project kicked off late last year as the Commercial Risk Europe team attended both the IRMSA conference in Johannesburg, South Africa and RMIA in Australia. CRE Editor Adrian Ladbury and Commercial Risk Africa... Mon, 15 Apr 2013 17:38:00 +0100 http://www.commercialriskeurope.com/cre/2177/15/To-go-boldly-Africa/ http://www.commercialriskeurope.com/cre/2176/15/Political-and-social-risk-dominate-landscape-in-South-Africa-Africa/ The wider macro challenges of domestic unrest, rooted in unemployment, have significantly disrupted business in South Africa which, coupled with local regulatory burdens and credit issues, are the key risks that South African risk managers are currently facing in their... Mon, 15 Apr 2013 17:24:00 +0100 http://www.commercialriskeurope.com/cre/2176/15/Political-and-social-risk-dominate-landscape-in-South-Africa-Africa/ http://www.commercialriskeurope.com/cre/2175/15/The-role-of-risk-management-Africa/ Mon, 15 Apr 2013 17:20:00 +0100 http://www.commercialriskeurope.com/cre/2175/15/The-role-of-risk-management-Africa/ http://www.commercialriskeurope.com/cre/2174/15/D-O-rises-up-corporate-agenda-in-South-Africa-Africa/ South African risk managers who work for global multinationals must not only deal with the social, political and economic challenges on their own home ground, but also find ways to transfer their risk cost-effectively on an international level and deal... Mon, 15 Apr 2013 17:17:00 +0100 http://www.commercialriskeurope.com/cre/2174/15/D-O-rises-up-corporate-agenda-in-South-Africa-Africa/ http://www.commercialriskeurope.com/cre/2173/15/Keeping-a-lid-on-it-Africa/ Mon, 15 Apr 2013 17:06:00 +0100 http://www.commercialriskeurope.com/cre/2173/15/Keeping-a-lid-on-it-Africa/ http://www.commercialriskeurope.com/cre/2172/15/Time-to-knock-down-the-ivory-towers-Africa/ Adrian Ladbury, Editor of Commercial Risk Europe, met Gert Cruywagen, Director of Risk at Tsogo Sun Group, founder of the Cruywagen-IRMSA Risk Foundation in 2009 and a member of the King Committee on corporate governance, while in Johannesburg to pose... Mon, 15 Apr 2013 17:00:00 +0100 http://www.commercialriskeurope.com/cre/2172/15/Time-to-knock-down-the-ivory-towers-Africa/ http://www.commercialriskeurope.com/cre/2171/15/Time-to-lose-the-gobbledygook-Africa/ The Global Risk Frontiers survey asks risk managers how the discipline can be truly embedded within organisations to ensure that it plays an active role in decision making rather than falling back into a tick-box compliance function. At the annual... Mon, 15 Apr 2013 16:53:00 +0100 http://www.commercialriskeurope.com/cre/2171/15/Time-to-lose-the-gobbledygook-Africa/ http://www.commercialriskeurope.com/cre/2170/15/Risk-leadership-is-critical-Africa/ Leadership from the top is essential when attempting to tackle big corporate culture challenges and attempting to truly embed risk management through the organisation. The risk managers who took part in the IRMSA debate agreed that the public sector can... Mon, 15 Apr 2013 16:51:00 +0100 http://www.commercialriskeurope.com/cre/2170/15/Risk-leadership-is-critical-Africa/ http://www.commercialriskeurope.com/cre/2169/15/The-time-is-right-Africa/ Mon, 15 Apr 2013 16:44:00 +0100 http://www.commercialriskeurope.com/cre/2169/15/The-time-is-right-Africa/ http://www.commercialriskeurope.com/cre/2168/15/Governance-code-forces-risk-management-action-in-corporate-SA-Africa/ The impact of the King committee corporate governance code [last updated by King III in 2009] for South African businesses cannot be overestimated. A good example of its impact is provided by a root and branch reorganisation of risk management... Mon, 15 Apr 2013 16:40:00 +0100 http://www.commercialriskeurope.com/cre/2168/15/Governance-code-forces-risk-management-action-in-corporate-SA-Africa/ http://www.commercialriskeurope.com/cre/2165/15/EIOPA-moves-to-help-buyers-with-complaints-against-intermediaries/ Thu, 11 Apr 2013 10:50:00 +0100 http://www.commercialriskeurope.com/cre/2165/15/EIOPA-moves-to-help-buyers-with-complaints-against-intermediaries/ http://www.commercialriskeurope.com/cre/2163/15/Airmic-confident-tide-has-turned-in-disclosure-debate/ The UK insurance buyers' association Airmic says that reform of the country's more than 100-year-old insurance contract law now looks more likely. Commenting on the recent insurance industry responses to Law Commission consultation, Airmic said that the 'tide has turned'... Thu, 11 Apr 2013 10:49:00 +0100 http://www.commercialriskeurope.com/cre/2163/15/Airmic-confident-tide-has-turned-in-disclosure-debate/ http://www.commercialriskeurope.com/cre/2164/15/AMRAE-re-elects-president-Canameras-and-chooses-new-board-member/ Thu, 11 Apr 2013 10:48:00 +0100 http://www.commercialriskeurope.com/cre/2164/15/AMRAE-re-elects-president-Canameras-and-chooses-new-board-member/ http://www.commercialriskeurope.com/cre/2161/15/Influx-of-non-traditional-reinsurance-capacity-changing-marketplace-say-brokers/ Global reinsurance capital has grown to record levels on the back of an influx of funds from non-traditional sources that is changing the face of the market, according to leading intermediaries. As a result of the ample capacity recent renewals... Thu, 11 Apr 2013 10:46:00 +0100 http://www.commercialriskeurope.com/cre/2161/15/Influx-of-non-traditional-reinsurance-capacity-changing-marketplace-say-brokers/ http://www.commercialriskeurope.com/cre/2162/15/Privatisation-of-Brazilian-reinsurer-won-t-affect-market-capacity-say-experts/ Thu, 11 Apr 2013 10:45:00 +0100 http://www.commercialriskeurope.com/cre/2162/15/Privatisation-of-Brazilian-reinsurer-won-t-affect-market-capacity-say-experts/ http://www.commercialriskeurope.com/cre/2160/15/Insurers-braced-for-flurry-of-financial-crisis-based-lawsuits/ Thu, 11 Apr 2013 10:08:00 +0100 http://www.commercialriskeurope.com/cre/2160/15/Insurers-braced-for-flurry-of-financial-crisis-based-lawsuits/ http://www.commercialriskeurope.com/cre/2157/15/Corporate-round-up/ Thu, 11 Apr 2013 10:06:00 +0100 http://www.commercialriskeurope.com/cre/2157/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2154/15/People-risk-rises-up-the-agenda-as-ERM-finally-takes-root/ Culture and the risk of poor communication are just the kind of risks that can easily be overlooked by risk managers as the risk agenda is relentlessly driven by external events. But risk managers ignore such softer people risks at... Thu, 11 Apr 2013 10:04:00 +0100 http://www.commercialriskeurope.com/cre/2154/15/People-risk-rises-up-the-agenda-as-ERM-finally-takes-root/ http://www.commercialriskeurope.com/cre/2166/15/Opportunity-knocks-in-Middle-East-but-tread-carefully-urges-reinsurer/ During the recent Multaqa conference in Qatar, Commercial Risk Europe Editor Adrian Ladbury interviewed Peter Schmidt, Chief Executive Officer of Catlin Re Switzerland, to find out what risk and opportunities he sees in the dynamic GCC and wider Middle East... Thu, 11 Apr 2013 10:03:00 +0100 http://www.commercialriskeurope.com/cre/2166/15/Opportunity-knocks-in-Middle-East-but-tread-carefully-urges-reinsurer/ http://www.commercialriskeurope.com/cre/2158/15/UK-public-sector-leaders-still-see-budget-cuts-as-biggest-risk/ Thu, 11 Apr 2013 10:01:00 +0100 http://www.commercialriskeurope.com/cre/2158/15/UK-public-sector-leaders-still-see-budget-cuts-as-biggest-risk/ http://www.commercialriskeurope.com/cre/2155/15/Risk-community-in-Asia-organised-as-PARIMA-is-launched-in-Singapore/ Thu, 11 Apr 2013 10:00:00 +0100 http://www.commercialriskeurope.com/cre/2155/15/Risk-community-in-Asia-organised-as-PARIMA-is-launched-in-Singapore/ http://www.commercialriskeurope.com/cre/2156/15/Buyers-urged-to-consider-trade-credit-and-political-risk-insurance-in-emerging-markets/ Thu, 11 Apr 2013 09:58:00 +0100 http://www.commercialriskeurope.com/cre/2156/15/Buyers-urged-to-consider-trade-credit-and-political-risk-insurance-in-emerging-markets/ http://www.commercialriskeurope.com/cre/2159/15/UK-employment-law-changes-come-into-force/ A number of changes to UK employment law, announced in December 2012, are due to take effect in April. These changes include an increase in the weekly rate of statutory sick pay from £85.85 to £86.70 and an increase in... Thu, 11 Apr 2013 09:58:00 +0100 http://www.commercialriskeurope.com/cre/2159/15/UK-employment-law-changes-come-into-force/ http://www.commercialriskeurope.com/cre/2153/15/Political-risk-industry-grows-as-threat-climbs-firms-agenda/ Political risk is a growing industry, with a mushrooming of security specialists, consultants and insurers entering the fray in recent years. The growth in the market reflects the overall increase in awareness among companies and risk managers of the threat... Mon, 08 Apr 2013 17:20:00 +0100 http://www.commercialriskeurope.com/cre/2153/15/Political-risk-industry-grows-as-threat-climbs-firms-agenda/ http://www.commercialriskeurope.com/cre/2152/15/Business-suffering-collateral-damage-from-escalating-levels-of-cyber-warfare/ Mon, 08 Apr 2013 17:16:00 +0100 http://www.commercialriskeurope.com/cre/2152/15/Business-suffering-collateral-damage-from-escalating-levels-of-cyber-warfare/ http://www.commercialriskeurope.com/cre/2151/15/Decision-time-comment/ Discussions at recent risk management conferences attended by the CRE team and interviews carried out with risk managers for our Global Risk Frontiers survey clearly confirm that political risk, in its many guises, is rapidly becoming the number one concern... Mon, 08 Apr 2013 17:10:00 +0100 http://www.commercialriskeurope.com/cre/2151/15/Decision-time-comment/ http://www.commercialriskeurope.com/cre/2150/15/Lobbying-on-Solvency-II-captive-concerns-tops-Swerma-agenda/ Mon, 08 Apr 2013 17:06:00 +0100 http://www.commercialriskeurope.com/cre/2150/15/Lobbying-on-Solvency-II-captive-concerns-tops-Swerma-agenda/ http://www.commercialriskeurope.com/cre/2147/15/Outlook-for-MENA-market-flat-as-capacity-levels-soar/ The cost of insurance in the Middle East and North African (MENA) region remains low driven by high capacity from both local and international markets and as a result profitability is low. The market still promises huge long-term potential and... Mon, 08 Apr 2013 16:47:00 +0100 http://www.commercialriskeurope.com/cre/2147/15/Outlook-for-MENA-market-flat-as-capacity-levels-soar/ http://www.commercialriskeurope.com/cre/2148/15/Industry-needs-to-take-long-hard-look-at-itself-O-Kane/ Mon, 08 Apr 2013 16:45:00 +0100 http://www.commercialriskeurope.com/cre/2148/15/Industry-needs-to-take-long-hard-look-at-itself-O-Kane/ http://www.commercialriskeurope.com/cre/2149/15/Qatar-minister-reveals-plans-to-create-a-new-national-reinsurer/ Mon, 08 Apr 2013 16:41:00 +0100 http://www.commercialriskeurope.com/cre/2149/15/Qatar-minister-reveals-plans-to-create-a-new-national-reinsurer/ http://www.commercialriskeurope.com/cre/2146/15/Opportunity-knocks-Joseph-Clabby-ACE/ The corporate insurance market in Europe and beyond remains highly competitive regardless of the dire economic backdrop and poor investment environment. Despite this gloomy outlook Joseph Clabby, Regional President of ACE Continental Europe, sees plenty of opportunity for growth so... Mon, 08 Apr 2013 16:40:00 +0100 http://www.commercialriskeurope.com/cre/2146/15/Opportunity-knocks-Joseph-Clabby-ACE/ http://www.commercialriskeurope.com/cre/2141/15/Scarce-capacity-for-emerging-risks-as-relevant-to-Asia-as-Europe/ The level of insurable risk is definitely falling as business becomes ever more complex and insurers are reacting with exclusions, according to leading risk managers who took part in a debate at the launch conference of the Pan-Asia Risk and... Thu, 04 Apr 2013 13:33:00 +0100 http://www.commercialriskeurope.com/cre/2141/15/Scarce-capacity-for-emerging-risks-as-relevant-to-Asia-as-Europe/ http://www.commercialriskeurope.com/cre/2143/15/Freedom-of-choice-a-concern-as-France-adopts-mandatory-health-insurance/ Thu, 04 Apr 2013 13:32:00 +0100 http://www.commercialriskeurope.com/cre/2143/15/Freedom-of-choice-a-concern-as-France-adopts-mandatory-health-insurance/ http://www.commercialriskeurope.com/cre/2145/15/New-capital-to-usher-in-more-aggressive-reinsurance-pricing-and-boost-primary-cat-market/ Thu, 04 Apr 2013 13:31:00 +0100 http://www.commercialriskeurope.com/cre/2145/15/New-capital-to-usher-in-more-aggressive-reinsurance-pricing-and-boost-primary-cat-market/ http://www.commercialriskeurope.com/cre/2142/15/Asian-risk-managers-challenge-insurers-on-BI-cover/ Insurers must stop denying claims after an event, blaming lack of information given by customers when they were prepared to underwrite the risk in the first place, stated a risk manager during the launch event of the Pan-Asia Risk and... Thu, 04 Apr 2013 13:27:00 +0100 http://www.commercialriskeurope.com/cre/2142/15/Asian-risk-managers-challenge-insurers-on-BI-cover/ http://www.commercialriskeurope.com/cre/2144/15/Mandatory-EIL-regimes-could-backfire-warns-broker-as-China-introduces-scheme/ With pollution concerns leading to China's earlier than expected introduction of a compulsory environmental pollution liability regime, a leading broker has warned that for such schemes to succeed there must be sufficient state support for insurers to enforce risk management... Thu, 04 Apr 2013 13:26:00 +0100 http://www.commercialriskeurope.com/cre/2144/15/Mandatory-EIL-regimes-could-backfire-warns-broker-as-China-introduces-scheme/ http://www.commercialriskeurope.com/cre/2140/15/One-third-of-UK-firms-have-no-plan-to-combat-cyber-threat-finds-survey/ One third of UK companies still do not have a plan in place to protect against cyber attacks, according to a survey by QBE. However, there is growing awareness of the threats posed with the number that do have defences... Thu, 04 Apr 2013 12:47:00 +0100 http://www.commercialriskeurope.com/cre/2140/15/One-third-of-UK-firms-have-no-plan-to-combat-cyber-threat-finds-survey/ http://www.commercialriskeurope.com/cre/2138/15/Corporate-round-up/ Torus launches Lloyd's managing agency that assumes business of Syndicate 1301, Willis to acquire UK PI broker Prime Professions, ACE UK & Ireland names Roberts as Casualty Manager, AGCS Africa makes key market management appointment and QBE names new Trade... Thu, 04 Apr 2013 12:41:00 +0100 http://www.commercialriskeurope.com/cre/2138/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2139/15/Ferma-announces-first-joint-event-with-law-association-to-improve-understanding/ Thu, 04 Apr 2013 12:39:00 +0100 http://www.commercialriskeurope.com/cre/2139/15/Ferma-announces-first-joint-event-with-law-association-to-improve-understanding/ http://www.commercialriskeurope.com/cre/2137/15/Change-of-mindset-key-to-successful-risk-management-says-leadership-expert/ Thu, 04 Apr 2013 12:35:00 +0100 http://www.commercialriskeurope.com/cre/2137/15/Change-of-mindset-key-to-successful-risk-management-says-leadership-expert/ http://www.commercialriskeurope.com/cre/2136/15/EIOPA-paves-way-for-Solvency-II-with-transition-rules-from-2014/ The European Insurance and Occupational Pensions Authority (EIOPA) yesterday launched a public consultation on published guidelines for a set of rules to which national supervisors and insurance companies will be asked to adhere from 1 January, 2014 in preparation for... Thu, 28 Mar 2013 11:43:00 +0000 http://www.commercialriskeurope.com/cre/2136/15/EIOPA-paves-way-for-Solvency-II-with-transition-rules-from-2014/ http://www.commercialriskeurope.com/cre/2130/15/French-government-and-business-unprepared-for-cybercrime-warns-high-level-report/ Thu, 28 Mar 2013 11:11:00 +0000 http://www.commercialriskeurope.com/cre/2130/15/French-government-and-business-unprepared-for-cybercrime-warns-high-level-report/ http://www.commercialriskeurope.com/cre/2134/15/Lloyd-s-records-record-revenue-and-huge-profit-swing-to-2-77bn/ Thu, 28 Mar 2013 11:10:00 +0000 http://www.commercialriskeurope.com/cre/2134/15/Lloyd-s-records-record-revenue-and-huge-profit-swing-to-2-77bn/ http://www.commercialriskeurope.com/cre/2133/15/UK-organisations-at-risk-of-higher-legal-and-insurance-costs-from-personal-injury-reforms/ Marsh has advised UK organisations to review their procedures for handling employers' liability, motor and public liability claims in order to meet shorter notification periods to be introduced by forthcoming legal reforms. Failure to meet these new demands will place... Thu, 28 Mar 2013 11:09:00 +0000 http://www.commercialriskeurope.com/cre/2133/15/UK-organisations-at-risk-of-higher-legal-and-insurance-costs-from-personal-injury-reforms/ http://www.commercialriskeurope.com/cre/2129/15/Companies-face-new-set-of-challenging-risks-in-emerging-markets/ Companies chasing growth opportunities in emerging markets might be investing in countries that are more financially stable but they nevertheless pose new and different threats, a leading credit insurer has warned. France's Coface stressed in a report that traditional risks... Thu, 28 Mar 2013 11:07:00 +0000 http://www.commercialriskeurope.com/cre/2129/15/Companies-face-new-set-of-challenging-risks-in-emerging-markets/ http://www.commercialriskeurope.com/cre/2135/15/Risk-and-insurance-managers-converging-on-London-for-the-Global-Risk-Frontiers-debate-on-May-22/ Dominic Antonucci, Chief Risk Officer, Abu Dhabi Ports Authority and Franck Baron, Group General Manager, Risk Management and Insurance, International SOS, Singapore and founder of PRIMA, the Pan-Asian Risk & Insurance Management Association, are the latest risk managers to join... Thu, 28 Mar 2013 11:07:00 +0000 http://www.commercialriskeurope.com/cre/2135/15/Risk-and-insurance-managers-converging-on-London-for-the-Global-Risk-Frontiers-debate-on-May-22/ http://www.commercialriskeurope.com/cre/2131/15/End-of-FSA-will-increase-scrutiny-and-costs-for-insurers-warns-Fitch/ Thu, 28 Mar 2013 11:06:00 +0000 http://www.commercialriskeurope.com/cre/2131/15/End-of-FSA-will-increase-scrutiny-and-costs-for-insurers-warns-Fitch/ http://www.commercialriskeurope.com/cre/2132/15/Insured-losses-of-77bn-in-2012-third-highest-on-record-reports-Swiss-Re/ Thu, 28 Mar 2013 11:05:00 +0000 http://www.commercialriskeurope.com/cre/2132/15/Insured-losses-of-77bn-in-2012-third-highest-on-record-reports-Swiss-Re/ http://www.commercialriskeurope.com/cre/2128/15/ACE-s-Kendrick-warns-insurers-must-adapt-underwriting-approach-to-new-normal/ Thu, 28 Mar 2013 10:55:00 +0000 http://www.commercialriskeurope.com/cre/2128/15/ACE-s-Kendrick-warns-insurers-must-adapt-underwriting-approach-to-new-normal/ http://www.commercialriskeurope.com/cre/2124/15/Ferma-urges-parliament-to-include-large-buyers-in-broker-disclosure-rules/ Ferma has called on the European Parliament to extend the right for mandatory broker remuneration disclosure to buyers of large risks amid fears that the soon to be updated Insurance Mediation Directive (IMD2) will offer them even less access to... Thu, 21 Mar 2013 11:39:00 +0000 http://www.commercialriskeurope.com/cre/2124/15/Ferma-urges-parliament-to-include-large-buyers-in-broker-disclosure-rules/ http://www.commercialriskeurope.com/cre/2127/15/Demand-for-recall-cover-forecast-to-soar-on-back-of-horsemeat-scandal/ Demand for product recall insurance and risk management services from the food industry is expected to soar as the recent UK horsemeat scandal and other similar events in Europe and worldwide combine with stricter rules from regulators and governments, according... Thu, 21 Mar 2013 11:38:00 +0000 http://www.commercialriskeurope.com/cre/2127/15/Demand-for-recall-cover-forecast-to-soar-on-back-of-horsemeat-scandal/ http://www.commercialriskeurope.com/cre/2126/15/EU-data-protection-rules-under-threat-as-lobbyists-taste-success/ New rules for data protection in the European Union (EU) could be watered down after successful lobbying from nine countries including the UK, Germany, Sweden and Belgium resulted in an agreement to adopt a 'risk-based approach' to implementation of forthcoming... Thu, 21 Mar 2013 11:37:00 +0000 http://www.commercialriskeurope.com/cre/2126/15/EU-data-protection-rules-under-threat-as-lobbyists-taste-success/ http://www.commercialriskeurope.com/cre/2120/15/Global-political-risk-levels-off-but-African-threat-spreads-finds-Aon-map/ Following a number of years in which Aon's Political Risk Map found that political risk rose worldwide as a result of the Arab Spring, the global financial crisis and persistent strains in south Asia, the 2013 edition suggests the threat... Thu, 21 Mar 2013 11:35:00 +0000 http://www.commercialriskeurope.com/cre/2120/15/Global-political-risk-levels-off-but-African-threat-spreads-finds-Aon-map/ http://www.commercialriskeurope.com/cre/2123/15/Airmic-tackles-carrier-identification-concerns-with-new-Litmus-Analysis-service/ Thu, 21 Mar 2013 11:25:00 +0000 http://www.commercialriskeurope.com/cre/2123/15/Airmic-tackles-carrier-identification-concerns-with-new-Litmus-Analysis-service/ http://www.commercialriskeurope.com/cre/2122/15/AIG-and-Marsh-agree-major-property-claims-promise-as-doubts-persist-over-claims-certainty/ Thu, 21 Mar 2013 11:19:00 +0000 http://www.commercialriskeurope.com/cre/2122/15/AIG-and-Marsh-agree-major-property-claims-promise-as-doubts-persist-over-claims-certainty/ http://www.commercialriskeurope.com/cre/2125/15/Flattening-Swedish-market-set-fair-as-new-insurers-eye-entrance/ Thu, 21 Mar 2013 11:18:00 +0000 http://www.commercialriskeurope.com/cre/2125/15/Flattening-Swedish-market-set-fair-as-new-insurers-eye-entrance/ http://www.commercialriskeurope.com/cre/2121/15/Over-the-top-data-controls-costing-business-13m-a-year/ Thu, 21 Mar 2013 11:14:00 +0000 http://www.commercialriskeurope.com/cre/2121/15/Over-the-top-data-controls-costing-business-13m-a-year/ http://www.commercialriskeurope.com/cre/2119/15/Insurers-concerned-over-GFC-regulatory-backlash/ Thu, 21 Mar 2013 10:56:00 +0000 http://www.commercialriskeurope.com/cre/2119/15/Insurers-concerned-over-GFC-regulatory-backlash/ http://www.commercialriskeurope.com/cre/2118/15/Corporate-round-up/ Thu, 21 Mar 2013 10:50:00 +0000 http://www.commercialriskeurope.com/cre/2118/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2117/15/Insurance-rules-converging-in-Latin-America/ Latin American markets are making progress towards adopting up-to-date insurance regulations that could lead to harmonisation with the rules that European insurers will have to follow once the Solvency II directive comes into place, according to experts. A leading insurance... Tue, 19 Mar 2013 12:07:00 +0000 http://www.commercialriskeurope.com/cre/2117/15/Insurance-rules-converging-in-Latin-America/ http://www.commercialriskeurope.com/cre/2116/15/Marine-programmes-exemptions-no-longer-a-panacea/ Compliance is not generally considered a concern in marine and cargo insurance, which has always been a global class of business, thanks to a number of specific marine exemptions. But a new report from ACE warns that multinational marine programmes... Tue, 19 Mar 2013 12:03:00 +0000 http://www.commercialriskeurope.com/cre/2116/15/Marine-programmes-exemptions-no-longer-a-panacea/ http://www.commercialriskeurope.com/cre/2115/15/Man-with-a-Mission-Part-Two-Peter-den-Dekker/ Peter den Dekker joined Amsterdam-based global telecommunications group Vimpelcom towards the end of 2011 and since then has been busy getting his head around the group's risks, building a group-wide risk management structure and implementing a global programme. In part... Tue, 19 Mar 2013 11:58:00 +0000 http://www.commercialriskeurope.com/cre/2115/15/Man-with-a-Mission-Part-Two-Peter-den-Dekker/ http://www.commercialriskeurope.com/cre/2114/15/KPMG-Report-Evolving-Insurance-Regulation/ This year heralds significant regulatory and commercial change for the insurance sector, according to KPMG International. In its report, 'Evolving Insurance Regulation 2013', KPMG says that the regulatory change agenda and the renewed need for increased growth, profitability, capital returns... Tue, 19 Mar 2013 11:44:00 +0000 http://www.commercialriskeurope.com/cre/2114/15/KPMG-Report-Evolving-Insurance-Regulation/ http://www.commercialriskeurope.com/cre/2113/15/EC-study-into-co--re-insurance-pools-in-the-EU/ Tue, 19 Mar 2013 11:39:00 +0000 http://www.commercialriskeurope.com/cre/2113/15/EC-study-into-co--re-insurance-pools-in-the-EU/ http://www.commercialriskeurope.com/cre/2111/15/Tax-and-regulatory-news/ New Mexican insurance law mirrors Solvency II, African nations tighten up premium requirements, Indian insurance bill could lead to free trade deal with EU, India halves compulsory cession to GIC Re, Ireland signs IAIS' Multilateral Memorandum of Understanding, Singapore modifies... Tue, 19 Mar 2013 11:24:00 +0000 http://www.commercialriskeurope.com/cre/2111/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/2110/15/News-in-brief/ Tue, 19 Mar 2013 11:08:00 +0000 http://www.commercialriskeurope.com/cre/2110/15/News-in-brief/ http://www.commercialriskeurope.com/cre/2109/15/Captive-News/ Tue, 19 Mar 2013 10:56:00 +0000 http://www.commercialriskeurope.com/cre/2109/15/Captive-News/ http://www.commercialriskeurope.com/cre/2112/15/Editors-comment-Claims-Give-it-equal-billing/ Claims is not the most glamorous part of the insurance sector. Underwriting, getting new business, that's seen as the sexy bit of insurance. If the underwriter has star billing as 007, the claims professional is more like Miss Moneypenny. Or... Tue, 19 Mar 2013 10:54:00 +0000 http://www.commercialriskeurope.com/cre/2112/15/Editors-comment-Claims-Give-it-equal-billing/ http://www.commercialriskeurope.com/cre/2108/15/Vietnam-market-report-Promising-signs/ Vietnam's insurance market has grown rapidly in recent years and continues to be considered a promising market. In particular, the country's demographic and economic development is expected to fuel further demand for insurance services both in the non-life and life... Tue, 19 Mar 2013 08:59:00 +0000 http://www.commercialriskeurope.com/cre/2108/15/Vietnam-market-report-Promising-signs/ http://www.commercialriskeurope.com/cre/2107/15/John-Windsor-Future-gazing/ Marks & Spencer is one of the UK's leading retailers, with over 21 million people visiting its stores each week. The company employs over 78,000 people in the UK and abroad, and has over 700 UK stores. It has over... Tue, 19 Mar 2013 08:52:00 +0000 http://www.commercialriskeurope.com/cre/2107/15/John-Windsor-Future-gazing/ http://www.commercialriskeurope.com/cre/2106/15/Evan-Freely-Taking-a-multi-country-approach-to-political-risk-and-trade-credit-insurance/ Political risk and trade credit risks are high on the agenda for many organisations as political violence, terrorist threats, expropriation actions, and economic uncertainty are now the harsh realities of doing business globally. Nearly one-in-five countries experienced escalating political violence... Tue, 19 Mar 2013 08:40:00 +0000 http://www.commercialriskeurope.com/cre/2106/15/Evan-Freely-Taking-a-multi-country-approach-to-political-risk-and-trade-credit-insurance/ http://www.commercialriskeurope.com/cre/2105/15/Africa-political-risk-needs-review-after-peaceful-Kenyan-elections/ The mood in Kenya is optimistic as national elections went by virtually without a hitch. A new voting system worked in the vast majority of cases as some 86% of the voting population went to the polls on 4 March,... Mon, 18 Mar 2013 14:42:00 +0000 http://www.commercialriskeurope.com/cre/2105/15/Africa-political-risk-needs-review-after-peaceful-Kenyan-elections/ http://www.commercialriskeurope.com/cre/2104/15/Booming-Angola-acts-as-African-launch-pad-for-Portuguese-broker-MDS/ Mon, 18 Mar 2013 14:38:00 +0000 http://www.commercialriskeurope.com/cre/2104/15/Booming-Angola-acts-as-African-launch-pad-for-Portuguese-broker-MDS/ http://www.commercialriskeurope.com/cre/2103/15/Safety-spotlight-on-tourism-in-Africa-results-in-dramatic-downturn-in-revenue/ Mon, 18 Mar 2013 14:30:00 +0000 http://www.commercialriskeurope.com/cre/2103/15/Safety-spotlight-on-tourism-in-Africa-results-in-dramatic-downturn-in-revenue/ http://www.commercialriskeurope.com/cre/2102/15/Ignore-people-risk-at-your-peril-EADS-Schwager/ Culture and the risk of poor communication are just the kind of risks that can easily be overlooked by risk managers as the risk agenda is relentlessly driven by external events. But risk managers ignore such softer people risks at... Mon, 18 Mar 2013 14:27:00 +0000 http://www.commercialriskeurope.com/cre/2102/15/Ignore-people-risk-at-your-peril-EADS-Schwager/ http://www.commercialriskeurope.com/cre/2101/15/Kenya-Re-invests-in-retakaful-window-following-increased-interest-across-continent/ KenyaRehas launched a retakaful window in the wake of a major takaful conference in Egypt. Kenya Re has been handling retakaful business for some years but was faced with the choice of becoming fully Sharia-compliant through the establishment of a... Mon, 18 Mar 2013 14:16:00 +0000 http://www.commercialriskeurope.com/cre/2101/15/Kenya-Re-invests-in-retakaful-window-following-increased-interest-across-continent/ http://www.commercialriskeurope.com/cre/2100/15/The-global-perspective-comment/ Mon, 18 Mar 2013 14:11:00 +0000 http://www.commercialriskeurope.com/cre/2100/15/The-global-perspective-comment/ http://www.commercialriskeurope.com/cre/2099/15/Demand-seeks-supply-in-African-political-risk-market/ The recent elections in Kenya may have put political risk insurance on the agenda there but risk managers operating anywhere in Africa should consider their exposures. Spreading the message on an exposure to political risk-linked losses is not necessarily that... Mon, 18 Mar 2013 14:08:00 +0000 http://www.commercialriskeurope.com/cre/2099/15/Demand-seeks-supply-in-African-political-risk-market/ http://www.commercialriskeurope.com/cre/2098/15/Environmental-claims-are-coming-home-to-roost-for-parent-companies/ Mon, 18 Mar 2013 14:04:00 +0000 http://www.commercialriskeurope.com/cre/2098/15/Environmental-claims-are-coming-home-to-roost-for-parent-companies/ http://www.commercialriskeurope.com/cre/2097/15/The-heart-of-the-matter-Dr-Elizabeth-Stephens-JLT/ After seven years working on the political risk account at broker JLT, Dr Elizabeth Stephens has seen more than her fair share of turmoil and violence around the world. As an expert on the Middle East and Islam—she gained a... Mon, 18 Mar 2013 13:40:00 +0000 http://www.commercialriskeurope.com/cre/2097/15/The-heart-of-the-matter-Dr-Elizabeth-Stephens-JLT/ http://www.commercialriskeurope.com/cre/2096/15/To-go-boldly/ The first annual Global Risk Frontiers (GRF) project kicked off late last year as the Commercial Risk Europe team attended both the IRMSA conference in Johannesburg, South Africa and RMIA in Australia. CRE Editor Adrian Ladbury and Commercial Risk Africa... Mon, 18 Mar 2013 13:35:00 +0000 http://www.commercialriskeurope.com/cre/2096/15/To-go-boldly/ http://www.commercialriskeurope.com/cre/2095/15/The-role-of-risk-management/ Mon, 18 Mar 2013 13:29:00 +0000 http://www.commercialriskeurope.com/cre/2095/15/The-role-of-risk-management/ http://www.commercialriskeurope.com/cre/2094/15/D-O-rises-up-corporate-agenda-in-South-Africa/ South African risk managers who work for global multinationals must not only deal with the social, political and economic challenges on their own home ground, but also find ways to transfer their risk cost-effectively on an international level and deal... Mon, 18 Mar 2013 13:26:00 +0000 http://www.commercialriskeurope.com/cre/2094/15/D-O-rises-up-corporate-agenda-in-South-Africa/ http://www.commercialriskeurope.com/cre/2093/15/Time-to-knock-down-the-ivory-towers/ Adrian Ladbury, Editor of Commercial Risk Europe, met Gert Cruywagen, Director of Risk at Tsogo Sun Group, founder of the Cruywagen-IRMSA Risk Foundation in 2009 and a member of the King Committee on corporate governance, while in Johannesburg to pose... Mon, 18 Mar 2013 13:19:00 +0000 http://www.commercialriskeurope.com/cre/2093/15/Time-to-knock-down-the-ivory-towers/ http://www.commercialriskeurope.com/cre/2092/15/Keeping-a-lid-on-it/ Mon, 18 Mar 2013 13:15:00 +0000 http://www.commercialriskeurope.com/cre/2092/15/Keeping-a-lid-on-it/ http://www.commercialriskeurope.com/cre/2091/15/The-time-is-right/ Mon, 18 Mar 2013 13:11:00 +0000 http://www.commercialriskeurope.com/cre/2091/15/The-time-is-right/ http://www.commercialriskeurope.com/cre/2090/15/Governance-code-forces-risk-management-action-in-corporate-SA/ The impact of the King committee corporate governance code [last updated by King III in 2009] for South African businesses cannot be overestimated. A good example of its impact is provided by a root and branch reorganisation of risk management... Mon, 18 Mar 2013 13:05:00 +0000 http://www.commercialriskeurope.com/cre/2090/15/Governance-code-forces-risk-management-action-in-corporate-SA/ http://www.commercialriskeurope.com/cre/2089/15/Time-to-lose-the-gobbledygook/ The Global Risk Frontiers survey asks risk managers how the discipline can be truly embedded within organisations to ensure that it plays an active role in decision making rather than falling back into a tick-box compliance function. At the annual... Mon, 18 Mar 2013 13:02:00 +0000 http://www.commercialriskeurope.com/cre/2089/15/Time-to-lose-the-gobbledygook/ http://www.commercialriskeurope.com/cre/2088/15/Risk-leadership-is-critical/ Leadership from the top is essential when attempting to tackle big corporate culture challenges and attempting to truly embed risk management through the organisation. The risk managers who took part in the IRMSA debate agreed that the public sector can... Mon, 18 Mar 2013 12:57:00 +0000 http://www.commercialriskeurope.com/cre/2088/15/Risk-leadership-is-critical/ http://www.commercialriskeurope.com/cre/2087/15/Added-value-is-the-key/ Mon, 18 Mar 2013 12:48:00 +0000 http://www.commercialriskeurope.com/cre/2087/15/Added-value-is-the-key/ http://www.commercialriskeurope.com/cre/2086/15/Battle-over-EU-data-protection-rules-delays-introduction/ Proposed amendments to the European Commission’s (EC) forthcoming Data Protection Regulation would place yet further obligations on business, experts have confirmed, but with a running battle between various sections of the European legislative process still in play they say the... Fri, 15 Mar 2013 09:11:00 +0000 http://www.commercialriskeurope.com/cre/2086/15/Battle-over-EU-data-protection-rules-delays-introduction/ http://www.commercialriskeurope.com/cre/2082/15/Top-risk-manager-says-Solvency-II-is-good-for-captives/ Fri, 15 Mar 2013 09:08:00 +0000 http://www.commercialriskeurope.com/cre/2082/15/Top-risk-manager-says-Solvency-II-is-good-for-captives/ http://www.commercialriskeurope.com/cre/2085/15/Multinationals-on-hook-as-mandatory-environmental-cover-hits-China/ The purchase of environmental liability insurance is set to become mandatory for a number of industrial sectors in China as the government tries to cope with the consequences of more frequent and increasingly unpopular cases of pollution in the country.... Fri, 15 Mar 2013 09:06:00 +0000 http://www.commercialriskeurope.com/cre/2085/15/Multinationals-on-hook-as-mandatory-environmental-cover-hits-China/ http://www.commercialriskeurope.com/cre/2080/15/Munich-Re-and-Hannover-post-bumper-results/ Two of Europe's largest reinsurers have raised dividend payments after much improved profits in 2012. Fewer catastrophes and reserve releases helped increase profits at Munich Re and Hannover Re, but falling investment returns have seen the reinsurers renew their focus... Fri, 15 Mar 2013 09:03:00 +0000 http://www.commercialriskeurope.com/cre/2080/15/Munich-Re-and-Hannover-post-bumper-results/ http://www.commercialriskeurope.com/cre/2083/15/Ignore-people-risk-at-your-peril---Schwager/ Culture and poor communication are just the kind of risks that can easily be overlooked by risk managers as the risk agenda is relentlessly driven by external events. But risk managers ignore such softer people risks at their peril, according... Fri, 15 Mar 2013 09:02:00 +0000 http://www.commercialriskeurope.com/cre/2083/15/Ignore-people-risk-at-your-peril---Schwager/ http://www.commercialriskeurope.com/cre/2076/15/Atradius-says-German-economy-has-lost-momentum/ According to Cologne and Amsterdam-based credit insurer Atradius, Germany's economy lost momentum in the last quarter of 2012 but is expected to produce GDP growth of 0.7% in 2013. After three years of falling levels, Atradius has also predicted that... Fri, 15 Mar 2013 09:00:00 +0000 http://www.commercialriskeurope.com/cre/2076/15/Atradius-says-German-economy-has-lost-momentum/ http://www.commercialriskeurope.com/cre/2081/15/Spanish-insurers-warn-of-paralysis-due-to-Solvency-II-but-remain-upbeat/ Leading Spanish insurers complained this week about the excessive regulation coming their way from the European Union, warning that in its current form Solvency II will be impossible to supervise and likely lead to a paralysis of the sector. However,... Fri, 15 Mar 2013 08:48:00 +0000 http://www.commercialriskeurope.com/cre/2081/15/Spanish-insurers-warn-of-paralysis-due-to-Solvency-II-but-remain-upbeat/ http://www.commercialriskeurope.com/cre/2079/15/Demand-surges-by-41-for-M-A-cover/ Demand for insurance cover to protect companies against the risks involved in mergers and acquisitions 'surged' globally by 41% in 2012 as firms approached such deals with increasing care in the face of continued economic troubles, Marsh reported this week. This... Fri, 15 Mar 2013 08:41:00 +0000 http://www.commercialriskeurope.com/cre/2079/15/Demand-surges-by-41-for-M-A-cover/ http://www.commercialriskeurope.com/cre/2084/15/Global-strains-arrive-on-African-risk-agendas/ Fri, 15 Mar 2013 08:40:00 +0000 http://www.commercialriskeurope.com/cre/2084/15/Global-strains-arrive-on-African-risk-agendas/ http://www.commercialriskeurope.com/cre/2077/15/Insurers-to-review-claims-advice-as-they-strive-to-save-costs-survey/ As insurers look to manage costs in the face of difficult operating conditions, a third of claims staff said they will review the legal services they outsource over the next year as they focus on tightening their panels, analysing the... Fri, 15 Mar 2013 08:36:00 +0000 http://www.commercialriskeurope.com/cre/2077/15/Insurers-to-review-claims-advice-as-they-strive-to-save-costs-survey/ http://www.commercialriskeurope.com/cre/2078/15/Fitch-predicts-higher-rates-and-growth-in-Turkey-s-non-life-sector/ A report from credit ratings firm Fitch has forecast continued growth in the Turkish non-life insurance sector, citing government initiatives to increase insurance protection against natural catastrophes, a favourable domestic economy, growing awareness among the young population of the need... Fri, 15 Mar 2013 08:35:00 +0000 http://www.commercialriskeurope.com/cre/2078/15/Fitch-predicts-higher-rates-and-growth-in-Turkey-s-non-life-sector/ http://www.commercialriskeurope.com/cre/2075/15/Corporate-round-up/ Fri, 15 Mar 2013 08:15:00 +0000 http://www.commercialriskeurope.com/cre/2075/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2074/15/Cyber-security-advances-up-the-international-agenda/ The European Network and Information Security Agency (Enisa) has published the findings of the largest ever pan-European cyber security exercise. While the conclusion of the report may not be revelatory (a greater knowledge of procedures and information flows will lead... Tue, 12 Mar 2013 19:40:00 +0000 http://www.commercialriskeurope.com/cre/2074/15/Cyber-security-advances-up-the-international-agenda/ http://www.commercialriskeurope.com/cre/2073/15/Ever-expanding-risk-frontiers-comment/ Tue, 12 Mar 2013 19:36:00 +0000 http://www.commercialriskeurope.com/cre/2073/15/Ever-expanding-risk-frontiers-comment/ http://www.commercialriskeurope.com/cre/2072/15/Bulk-of-risk-transfer-industry-in-the-black-despite-tough-trading-conditions/ Tue, 12 Mar 2013 19:29:00 +0000 http://www.commercialriskeurope.com/cre/2072/15/Bulk-of-risk-transfer-industry-in-the-black-despite-tough-trading-conditions/ http://www.commercialriskeurope.com/cre/2071/15/Steady-as-she-goes-Christian-Hinsch-HDI/ The second half of 2012 was a very busy and exciting time for Christian Hinsch, Deputy Chairman of the Board of Management of the Talanx Group and Chairman of the Board of Management of HDI-Gerling Industrie Versicherung, the industrial insurance... Tue, 12 Mar 2013 19:10:00 +0000 http://www.commercialriskeurope.com/cre/2071/15/Steady-as-she-goes-Christian-Hinsch-HDI/ http://www.commercialriskeurope.com/cre/2070/15/Time-for-a-common-language-Christian-Hinsch-Jens-Wohlthat-HDI/ Some risk managers in Germany and across Europe are not happy with the apparently ever rising demands of insurers and reinsurers for more risk information which many regard as intrusive and pointless. Adrian Ladbury discussed the latest heated debate with... Tue, 12 Mar 2013 19:00:00 +0000 http://www.commercialriskeurope.com/cre/2070/15/Time-for-a-common-language-Christian-Hinsch-Jens-Wohlthat-HDI/ http://www.commercialriskeurope.com/cre/2069/15/Insureds-exasperated-by-confusing-cyber-cover-says-leading-broker/ Thu, 07 Mar 2013 10:20:00 +0000 http://www.commercialriskeurope.com/cre/2069/15/Insureds-exasperated-by-confusing-cyber-cover-says-leading-broker/ http://www.commercialriskeurope.com/cre/2068/15/Airmic-raises-concern-over-claims-uncertainty/ Thu, 07 Mar 2013 10:16:00 +0000 http://www.commercialriskeurope.com/cre/2068/15/Airmic-raises-concern-over-claims-uncertainty/ http://www.commercialriskeurope.com/cre/2066/15/Lloyd-s-big-players-report-healthy-2012-and-progress-in-Europe/ Thu, 07 Mar 2013 10:14:00 +0000 http://www.commercialriskeurope.com/cre/2066/15/Lloyd-s-big-players-report-healthy-2012-and-progress-in-Europe/ http://www.commercialriskeurope.com/cre/2067/15/IUMI-adds-to-customer-pressure-to-provide-more-risk-information/ In what appears to be another example of rising insurer demand for risk information from customers, the International Union of Marine Insurance (IUMI) Secretary General Lars Lange has written to the Paris Memorandum of Understanding on Port State Control (Paris... Thu, 07 Mar 2013 10:11:00 +0000 http://www.commercialriskeurope.com/cre/2067/15/IUMI-adds-to-customer-pressure-to-provide-more-risk-information/ http://www.commercialriskeurope.com/cre/2062/15/Corporate-round-up/ Willis appoints new CEO of Central & Eastern Europe, Middle East and Africa and names new CEO of European Captive Practice, Marsh continues restructuring with creation of new Corporate division in UK & Ireland and JLT builds on Financial Institutional... Thu, 07 Mar 2013 09:59:00 +0000 http://www.commercialriskeurope.com/cre/2062/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2063/15/Marsh-launches-new-tool-to-measure-risk-management-and-insurance-value/ Thu, 07 Mar 2013 09:58:00 +0000 http://www.commercialriskeurope.com/cre/2063/15/Marsh-launches-new-tool-to-measure-risk-management-and-insurance-value/ http://www.commercialriskeurope.com/cre/2065/15/Coface-profits-up-80-but-reports-setback-in-northern-Europe/ Thu, 07 Mar 2013 09:57:00 +0000 http://www.commercialriskeurope.com/cre/2065/15/Coface-profits-up-80-but-reports-setback-in-northern-Europe/ http://www.commercialriskeurope.com/cre/2064/15/Energy-insurance-stable-but-market-faces-possible-inflection-point-Marsh-report/ Thu, 07 Mar 2013 09:54:00 +0000 http://www.commercialriskeurope.com/cre/2064/15/Energy-insurance-stable-but-market-faces-possible-inflection-point-Marsh-report/ http://www.commercialriskeurope.com/cre/2061/15/IRM-names-Clements-risk-professional-of-the-year-and-Sonigo-scoops-lifetime-award/ Thu, 07 Mar 2013 09:37:00 +0000 http://www.commercialriskeurope.com/cre/2061/15/IRM-names-Clements-risk-professional-of-the-year-and-Sonigo-scoops-lifetime-award/ http://www.commercialriskeurope.com/cre/2060/15/Political-risk-set-to-mount-in-Algeria-warns-Exclusive-Analysis/ Thu, 07 Mar 2013 09:33:00 +0000 http://www.commercialriskeurope.com/cre/2060/15/Political-risk-set-to-mount-in-Algeria-warns-Exclusive-Analysis/ http://www.commercialriskeurope.com/cre/2059/15/Thirst-for-risk-knowledge-shows-good-FoRM/ Thu, 07 Mar 2013 09:28:00 +0000 http://www.commercialriskeurope.com/cre/2059/15/Thirst-for-risk-knowledge-shows-good-FoRM/ http://www.commercialriskeurope.com/cre/2058/15/Agers-demands-changes-to-Spain-s-environmental-liability-law/ Thu, 28 Feb 2013 13:22:00 +0000 http://www.commercialriskeurope.com/cre/2058/15/Agers-demands-changes-to-Spain-s-environmental-liability-law/ http://www.commercialriskeurope.com/cre/2057/15/Disconnect-between-cyber-fear-and-European-risk-management-finds-survey/ Thu, 28 Feb 2013 12:02:00 +0000 http://www.commercialriskeurope.com/cre/2057/15/Disconnect-between-cyber-fear-and-European-risk-management-finds-survey/ http://www.commercialriskeurope.com/cre/2053/15/Brokerage-publicly-backs-Airmic-s-call-for-buyers-and-market-to-embrace-fair-RoR-clause/ A leading brokerage has put its weight behind Airmic's recently published model clause that aims to combat insurers' overuse of Reservation of Rights (RoR) and backed calls from the association's chair for insurance buyers to make the most of the... Thu, 28 Feb 2013 12:01:00 +0000 http://www.commercialriskeurope.com/cre/2053/15/Brokerage-publicly-backs-Airmic-s-call-for-buyers-and-market-to-embrace-fair-RoR-clause/ http://www.commercialriskeurope.com/cre/2055/15/Latest-insurer-results-show-solid-performance-despite-tough-conditions/ Allianz SE, Europe's largest insurer by premium, has reported higher profits and revenues in 2012. The insurer enjoyed higher rates and strong growth from emerging markets, in particular in Latin America. The company also made progress in improving its combined... Thu, 28 Feb 2013 11:49:00 +0000 http://www.commercialriskeurope.com/cre/2055/15/Latest-insurer-results-show-solid-performance-despite-tough-conditions/ http://www.commercialriskeurope.com/cre/2056/15/Spanish-association-calls-for-the-development-of-insurance-mediation/ Spanish buyers still pay little attention to the advantages of dispute mediation when solving conflicts with insurers, experts said in Madrid yesterday. But speakers at a seminar on mediation organised by Agers, Spain's risk management association, expressed hopes that the... Thu, 28 Feb 2013 11:46:00 +0000 http://www.commercialriskeurope.com/cre/2056/15/Spanish-association-calls-for-the-development-of-insurance-mediation/ http://www.commercialriskeurope.com/cre/2054/15/AIG-registers-yearly-profit-despite-fourth-quarter-woes/ Thu, 28 Feb 2013 11:45:00 +0000 http://www.commercialriskeurope.com/cre/2054/15/AIG-registers-yearly-profit-despite-fourth-quarter-woes/ http://www.commercialriskeurope.com/cre/2052/15/Brokers-must-raise-environmental-liability-awareness-Italian-expert/ Awareness of the expanded risks faced under the EC Environmental Liability Directive (ELD) and other recent environmental rules is now catching on among risk managers and larger businesses in Italy. But there is still a serious lack of awareness of... Thu, 28 Feb 2013 10:41:00 +0000 http://www.commercialriskeurope.com/cre/2052/15/Brokers-must-raise-environmental-liability-awareness-Italian-expert/ http://www.commercialriskeurope.com/cre/2050/15/Corporate-round-up/ Thu, 28 Feb 2013 10:39:00 +0000 http://www.commercialriskeurope.com/cre/2050/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2051/15/Life-sector-innovations-to-transform-commercial-sector-research-predicts/ Thu, 28 Feb 2013 10:38:00 +0000 http://www.commercialriskeurope.com/cre/2051/15/Life-sector-innovations-to-transform-commercial-sector-research-predicts/ http://www.commercialriskeurope.com/cre/2049/15/Offshore-safety-directive-includes-mandatory-risk-management-and-transfer/ Fri, 22 Feb 2013 12:18:00 +0000 http://www.commercialriskeurope.com/cre/2049/15/Offshore-safety-directive-includes-mandatory-risk-management-and-transfer/ http://www.commercialriskeurope.com/cre/2048/15/EU-proposes-new-directive-on-cyber-security/ Companies that operate critical infrastructure or provide an internet-based information service must adopt cyber risk management practices and meet a minimum standard of network security in order to minimise the threat caused by cyber attacks, if a newly proposed network... Fri, 22 Feb 2013 12:15:00 +0000 http://www.commercialriskeurope.com/cre/2048/15/EU-proposes-new-directive-on-cyber-security/ http://www.commercialriskeurope.com/cre/2047/15/Deal-brokered-on-eurozone-stability-to-limit-currency-risk/ Fri, 22 Feb 2013 12:10:00 +0000 http://www.commercialriskeurope.com/cre/2047/15/Deal-brokered-on-eurozone-stability-to-limit-currency-risk/ http://www.commercialriskeurope.com/cre/2046/15/European-Parliament-committee-backs-data-protection-reform/ Fri, 22 Feb 2013 12:06:00 +0000 http://www.commercialriskeurope.com/cre/2046/15/European-Parliament-committee-backs-data-protection-reform/ http://www.commercialriskeurope.com/cre/2045/15/Investments-hit-insurer-results-but-AXA-CS-on-track/ Fri, 22 Feb 2013 12:01:00 +0000 http://www.commercialriskeurope.com/cre/2045/15/Investments-hit-insurer-results-but-AXA-CS-on-track/ http://www.commercialriskeurope.com/cre/2043/15/Commission-unveils-proposals-to-reform-product-safety-regime/ Fri, 22 Feb 2013 11:53:00 +0000 http://www.commercialriskeurope.com/cre/2043/15/Commission-unveils-proposals-to-reform-product-safety-regime/ http://www.commercialriskeurope.com/cre/2042/15/Oil-and-gas-firms-face-heightened-cyber-threat/ Fri, 22 Feb 2013 11:51:00 +0000 http://www.commercialriskeurope.com/cre/2042/15/Oil-and-gas-firms-face-heightened-cyber-threat/ http://www.commercialriskeurope.com/cre/2041/15/KPMG-calls-for-clear-roadmap-following-latest-Solvency-II-delay/ The European Parliament plenary meeting at which it was hoped the Omnibus 2 amendments to the Solvency II Directive would finally be approved has been moved back from 10 June to 22 October, 2013. No explanation for the delay has... Fri, 22 Feb 2013 11:47:00 +0000 http://www.commercialriskeurope.com/cre/2041/15/KPMG-calls-for-clear-roadmap-following-latest-Solvency-II-delay/ http://www.commercialriskeurope.com/cre/2039/15/Corporate-round-up/ Fri, 22 Feb 2013 11:45:00 +0000 http://www.commercialriskeurope.com/cre/2039/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2040/15/Russian-town-blasted-by-meteor/ Fri, 22 Feb 2013 11:43:00 +0000 http://www.commercialriskeurope.com/cre/2040/15/Russian-town-blasted-by-meteor/ http://www.commercialriskeurope.com/cre/2044/15/Global-and-sustainable-risks-top-agenda-at-Ghent-risk-management-gathering/ Fri, 22 Feb 2013 09:56:00 +0000 http://www.commercialriskeurope.com/cre/2044/15/Global-and-sustainable-risks-top-agenda-at-Ghent-risk-management-gathering/ http://www.commercialriskeurope.com/cre/2038/15/Dutch-court-rules-against-Shell-over-Niger-Delta-oil-spill/ Thu, 21 Feb 2013 14:24:00 +0000 http://www.commercialriskeurope.com/cre/2038/15/Dutch-court-rules-against-Shell-over-Niger-Delta-oil-spill/ http://www.commercialriskeurope.com/cre/2037/15/Transport-shoots-up-African-risk-agenda/ The rapidly escalating cost of marine insurance as a direct result of the explosion of piracy off the coast of east Africa is one of the many big risk management challenges that South African and international companies have to cope... Thu, 21 Feb 2013 14:21:00 +0000 http://www.commercialriskeurope.com/cre/2037/15/Transport-shoots-up-African-risk-agenda/ http://www.commercialriskeurope.com/cre/2036/15/Stop-cash-flow-underwriting-in-Africa-Den-Dekker/ A leading European risk manager has told international insurers and facultative reinsurers that they must stop cash flow underwriting on the basis of little real risk information in Africa and other emerging regions of the world or else the underlying... Thu, 21 Feb 2013 14:17:00 +0000 http://www.commercialriskeurope.com/cre/2036/15/Stop-cash-flow-underwriting-in-Africa-Den-Dekker/ http://www.commercialriskeurope.com/cre/2035/15/ATI-makes-commercial-risk-push/ Thu, 21 Feb 2013 14:07:00 +0000 http://www.commercialriskeurope.com/cre/2035/15/ATI-makes-commercial-risk-push/ http://www.commercialriskeurope.com/cre/2034/15/Natural-resource-nationalism-infrastructure-and-supply-chain-top-mining-sector-risk-list-Willis/ Thu, 21 Feb 2013 14:03:00 +0000 http://www.commercialriskeurope.com/cre/2034/15/Natural-resource-nationalism-infrastructure-and-supply-chain-top-mining-sector-risk-list-Willis/ http://www.commercialriskeurope.com/cre/2033/15/Labour-problems-in-mining-sector-hit-JSE-sustainability-performance/ Thu, 21 Feb 2013 13:59:00 +0000 http://www.commercialriskeurope.com/cre/2033/15/Labour-problems-in-mining-sector-hit-JSE-sustainability-performance/ http://www.commercialriskeurope.com/cre/2032/15/IMF-broadly-positive-about-SSA-growth-but-downside-risks-rise/ The International Monetary Fund (IMF) has confirmed a ‘broadly positive’ outlook for the Sub Saharan Africa region despite slowing growth in the more mature leading regional economy South Africa, drought in the Sahel countries and political problems in Mali and... Thu, 21 Feb 2013 13:56:00 +0000 http://www.commercialriskeurope.com/cre/2032/15/IMF-broadly-positive-about-SSA-growth-but-downside-risks-rise/ http://www.commercialriskeurope.com/cre/2031/15/Focus-on-pan-African-risk-comment/ Welcome to the second issue of Commercial Risk Africa and the first of this year. We launched this publication at the IRMSA conference in Johannesburg in hard copy format late November last year and it was well received by the... Thu, 21 Feb 2013 13:51:00 +0000 http://www.commercialriskeurope.com/cre/2031/15/Focus-on-pan-African-risk-comment/ http://www.commercialriskeurope.com/cre/2030/15/Risk-management-profession-matures-in-Francophone-Africa/ Thu, 21 Feb 2013 13:47:00 +0000 http://www.commercialriskeurope.com/cre/2030/15/Risk-management-profession-matures-in-Francophone-Africa/ http://www.commercialriskeurope.com/cre/2029/15/IRMSA-report/ Thu, 21 Feb 2013 13:33:00 +0000 http://www.commercialriskeurope.com/cre/2029/15/IRMSA-report/ http://www.commercialriskeurope.com/cre/2028/15/Kenyan-risk-managers-brace-themselves-as-election-nears/ 4 March, 2013 will be an important day for Kenya, not just in terms of the election result but also the way in which the country reacts—regardless of who wins. Kenyans will vote for a new president to replace Mwai... Thu, 21 Feb 2013 13:19:00 +0000 http://www.commercialriskeurope.com/cre/2028/15/Kenyan-risk-managers-brace-themselves-as-election-nears/ http://www.commercialriskeurope.com/cre/2027/15/Energy-growth-sparks-risk-culture/ The overall message for Kenya is positive—not least thanks to the recent development of oil and gas reserves. Deniese Imoukhuede, Senior Financial Analyst at credit rating agency AM Best, explained that the burgeoning energy market is having a ripple effect across... Thu, 21 Feb 2013 13:15:00 +0000 http://www.commercialriskeurope.com/cre/2027/15/Energy-growth-sparks-risk-culture/ http://www.commercialriskeurope.com/cre/2026/15/Risk-management-arrives-in-Kenyan-boardrooms/ Thu, 21 Feb 2013 13:05:00 +0000 http://www.commercialriskeurope.com/cre/2026/15/Risk-management-arrives-in-Kenyan-boardrooms/ http://www.commercialriskeurope.com/cre/2025/15/Natural-resources-drive-Kenyan-growth/ The Kenyan economy has been growing and changing, not least thanks to recent oil and gas exploration.  According to East Africa Oil & Gas, even Australia could face stiff competition from east Africa for LNG exports after 24 oil discoveries... Thu, 21 Feb 2013 13:01:00 +0000 http://www.commercialriskeurope.com/cre/2025/15/Natural-resources-drive-Kenyan-growth/ http://www.commercialriskeurope.com/cre/2024/15/Big-plan-for-Allianz-in-Africa-Delphine-Maidou/ Allianz Global Corporate & Specialty (AGCS), the fast-growing arm of the German and global insurance group, launched its new strategy for South Africa and the wider Sub Saharan African continent to key customers and brokers this January. Commercial Risk Africa... Thu, 21 Feb 2013 12:52:00 +0000 http://www.commercialriskeurope.com/cre/2024/15/Big-plan-for-Allianz-in-Africa-Delphine-Maidou/ http://www.commercialriskeurope.com/cre/2023/15/A-shift-in-the-weather-Jef-Vincent/ Traditionally a provider of political risk and investment insurance, the African Trade Insurance Agency’s chief underwriting officer Jef Vincent will mark his second year in the role by spearheading the launch of new products and a stronger focus on credit... Thu, 21 Feb 2013 12:44:00 +0000 http://www.commercialriskeurope.com/cre/2023/15/A-shift-in-the-weather-Jef-Vincent/ http://www.commercialriskeurope.com/cre/2022/15/In-search-of-the-bigger-picture/ At the 2012 IRMSA conference Adrian Ladbury met Volker Von Widdern, Managing Director Risk Consulting Africa and Rob De Jonge, Leader of Marsh’s EMEA Risk Consulting business at the Marsh head office, to find out what the broker has planned... Thu, 21 Feb 2013 12:35:00 +0000 http://www.commercialriskeurope.com/cre/2022/15/In-search-of-the-bigger-picture/ http://www.commercialriskeurope.com/cre/2020/15/Man-with-a-mission-Peter-den-Dekker/ Peter den Dekker joined Amsterdam-based global telecommunications group Vimpelcom towards the end of 2011 and since then has been busy getting his head around the group's risks, building a group-wide risk management structure and implementing a global programme. In part... Mon, 18 Feb 2013 17:51:00 +0000 http://www.commercialriskeurope.com/cre/2020/15/Man-with-a-mission-Peter-den-Dekker/ http://www.commercialriskeurope.com/cre/2019/15/Mapfre-benefits-from-Latin-American-dominance/ Spanish insurer Mapfre is not a truly global insurer, but its dominant position in Latin America is very clear. Indeed, its operations throughout Latin America made a huge contribution to the group's 2012 results. Mapfre announced a result after provisions... Mon, 18 Feb 2013 17:44:00 +0000 http://www.commercialriskeurope.com/cre/2019/15/Mapfre-benefits-from-Latin-American-dominance/ http://www.commercialriskeurope.com/cre/2018/15/IMF-assesses-Brazil-s-compliance-with-Insurance-Core-Principles/ The International Monetary Fund (IMF) has reviewed Brazil's compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS), concluding that the insurance sector is supervised under a sound regulatory framework, but pointing to some areas... Mon, 18 Feb 2013 17:41:00 +0000 http://www.commercialriskeurope.com/cre/2018/15/IMF-assesses-Brazil-s-compliance-with-Insurance-Core-Principles/ http://www.commercialriskeurope.com/cre/2017/15/African-insurance-market-s-potential-for-growth/ The African insurance market clearly offers potential for growth, especially given the anticipated development of gross domestic product in the region, but the continent comprises 54 countries with diverse insurance markets. And as a new report from AM Best Co.... Mon, 18 Feb 2013 17:35:00 +0000 http://www.commercialriskeurope.com/cre/2017/15/African-insurance-market-s-potential-for-growth/ http://www.commercialriskeurope.com/cre/2016/15/Mixed-outlook-for-Latin-American-insurance-markets-says-Fitch/ In most countries in Latin America, the insurance industry outlook is stable, according to Fitch Ratings, which indicates a majority of insurers' ratings are likely to be affirmed over the next 12-24 months. The main exception is Argentina's insurance industry... Mon, 18 Feb 2013 17:31:00 +0000 http://www.commercialriskeurope.com/cre/2016/15/Mixed-outlook-for-Latin-American-insurance-markets-says-Fitch/ http://www.commercialriskeurope.com/cre/2015/15/Tax-and-regulatory-news/ Strict enforcement of New Zealand Fire Services Levy, Finland increases IPT rate, Chile issues new risk-based regulatory framework, indirect tax changes round up, New regulations from Qatar's FCRA, Nigeria's insurance regulator on 'No Premium, No Cover' rule, new law enhances... Mon, 18 Feb 2013 17:19:00 +0000 http://www.commercialriskeurope.com/cre/2015/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/2014/15/News-in-brief/ Mon, 18 Feb 2013 17:04:00 +0000 http://www.commercialriskeurope.com/cre/2014/15/News-in-brief/ http://www.commercialriskeurope.com/cre/2021/15/Captive-News/ AM Best report examines captive market, Guernsey signs tax agreements with Singapore and Brazil, CICA joins Coalition for Captive Insurance Clarity, Bermuda confirms captives excluded from SII-type regime, Guernsey sees net growth of 50 international insurers in 2012 and Cayman... Mon, 18 Feb 2013 17:03:00 +0000 http://www.commercialriskeurope.com/cre/2021/15/Captive-News/ http://www.commercialriskeurope.com/cre/2013/15/Editors-comment---Points-of-view/ It is never easy to get feedback from individuals in the insurance industry, let alone risk and insurance managers. Not because they want to remain silent on issues, or that they don't have something important to say, but usually because... Mon, 18 Feb 2013 16:54:00 +0000 http://www.commercialriskeurope.com/cre/2013/15/Editors-comment---Points-of-view/ http://www.commercialriskeurope.com/cre/2012/15/Argentina-market-report---Tricky-times/ It has been a tricky couple of years for Argentina's economy, with GDP growth, but high inflation, an overvalued exchange rate and political and social unrest. In addition, the sovereign rating of Argentina has been downgraded, and the government has... Mon, 18 Feb 2013 16:47:00 +0000 http://www.commercialriskeurope.com/cre/2012/15/Argentina-market-report---Tricky-times/ http://www.commercialriskeurope.com/cre/2011/15/Eric-Bloem---In-search-of-global-solutions/ Eric Bloem is Global Insurance Manager, Global Tax & Financial Markets, Insurance at Heineken International B.V. Heineken has a wide international presence through a global network of distributors and over 165 breweries in 71 countries, including Russia, Mexico, India, Brazil,... Mon, 18 Feb 2013 14:11:00 +0000 http://www.commercialriskeurope.com/cre/2011/15/Eric-Bloem---In-search-of-global-solutions/ http://www.commercialriskeurope.com/cre/2010/15/Charles-Winter-and-Peter-Chesman---Captive-considerations-in-a-global-programme/ Insurance can be effective at protecting the income statement and balance sheet of the policyholder. However, the purchase of insurance over a prolonged period does not deliver a neutral cost/gain position. In fact, over an extended period, the cost of... Mon, 18 Feb 2013 13:54:00 +0000 http://www.commercialriskeurope.com/cre/2010/15/Charles-Winter-and-Peter-Chesman---Captive-considerations-in-a-global-programme/ http://www.commercialriskeurope.com/cre/2009/15/Building-broad-resilience-should-be-focus-for-risk-management-says-WEF/ Fri, 15 Feb 2013 13:36:00 +0000 http://www.commercialriskeurope.com/cre/2009/15/Building-broad-resilience-should-be-focus-for-risk-management-says-WEF/ http://www.commercialriskeurope.com/cre/2008/15/Performance-or-compliance-comment/ Is risk management driven by performance or compliance? This was a key question raised by a leading risk manager in Dubai during a recent informal meeting of risk managers as part of our Global Risk Frontiers survey that is now... Fri, 15 Feb 2013 13:32:00 +0000 http://www.commercialriskeurope.com/cre/2008/15/Performance-or-compliance-comment/ http://www.commercialriskeurope.com/cre/2007/15/The-big-three-for-Ferma-in-2013-lobbying-certification-Maastricht/ Greater influence over European affairs, recognition for the profession as it pushes ahead with ambitious certification plans and this Autumn’s biennial forum will be the key areas of focus for Ferma in 2013. Commercial Risk Europe discussed the year ahead... Fri, 15 Feb 2013 13:18:00 +0000 http://www.commercialriskeurope.com/cre/2007/15/The-big-three-for-Ferma-in-2013-lobbying-certification-Maastricht/ http://www.commercialriskeurope.com/cre/2006/15/Back-on-track-Rob-Schimek-AIG/ AIG enters this year with a spring in its step following its repayment of the US government loan with a profit and full return to the AIG brand. Adrian Ladbury asked Rob Schimek, head of AIG’s EMEA business, about the... Fri, 15 Feb 2013 13:04:00 +0000 http://www.commercialriskeurope.com/cre/2006/15/Back-on-track-Rob-Schimek-AIG/ http://www.commercialriskeurope.com/cre/2004/15/Big-broker-revenues-up-in-2012-helped-by-US-rate-rises-but-Willis-records-yearly-loss/ Thu, 14 Feb 2013 12:48:00 +0000 http://www.commercialriskeurope.com/cre/2004/15/Big-broker-revenues-up-in-2012-helped-by-US-rate-rises-but-Willis-records-yearly-loss/ http://www.commercialriskeurope.com/cre/1996/15/Buyers-in-the-dark-over-misfiring-ELD/ As an EC-commissioned study finds that the Environmental Liability Directive (ELD) is failing to deliver on its promise and hold polluters to account, Ferma has admitted that its members remain in the dark over how the regime affects their operations... Thu, 14 Feb 2013 12:46:00 +0000 http://www.commercialriskeurope.com/cre/1996/15/Buyers-in-the-dark-over-misfiring-ELD/ http://www.commercialriskeurope.com/cre/2001/15/Insurer-demands-have-complicated-Solvency-II-says-UK-regulator/ Despite agreeing with certain criticisms levelled at Solvency II by fellow speakers at The Insurance Summit this week, Julian Adams, Director of Insurance Supervision, Prudential Business Unit at the UK's Financial Services Authority said the Directive is, in part, prescriptive... Thu, 14 Feb 2013 12:45:00 +0000 http://www.commercialriskeurope.com/cre/2001/15/Insurer-demands-have-complicated-Solvency-II-says-UK-regulator/ http://www.commercialriskeurope.com/cre/2003/15/PwC-survey-highlights-need-for-insurers-to-change-strategy/ Change may be afoot in the insurance industry with 70% of CEOs planning a shift in strategy to cope with difficult market conditions, according to a survey of insurance chiefs conducted by PwC. The poor state of the global economy,... Thu, 14 Feb 2013 12:44:00 +0000 http://www.commercialriskeurope.com/cre/2003/15/PwC-survey-highlights-need-for-insurers-to-change-strategy/ http://www.commercialriskeurope.com/cre/2002/15/Mapfre-profits-fall-but-revenue-and-premium-up/ Thu, 14 Feb 2013 12:42:00 +0000 http://www.commercialriskeurope.com/cre/2002/15/Mapfre-profits-fall-but-revenue-and-premium-up/ http://www.commercialriskeurope.com/cre/2000/15/New-risks-threatening-global-infrastructure-industry-Marsh/ Thu, 14 Feb 2013 12:31:00 +0000 http://www.commercialriskeurope.com/cre/2000/15/New-risks-threatening-global-infrastructure-industry-Marsh/ http://www.commercialriskeurope.com/cre/1997/15/Non-life-insurers-record-lowly-19bn-profit-in-2011-but-PwC-expects-better-2012/ Thu, 14 Feb 2013 12:24:00 +0000 http://www.commercialriskeurope.com/cre/1997/15/Non-life-insurers-record-lowly-19bn-profit-in-2011-but-PwC-expects-better-2012/ http://www.commercialriskeurope.com/cre/1998/15/Swiss-market-stable-as-general-insurers-maintain-underwriting-discipline-Fitch/ The outlook for the Swiss Insurance market remains stable with the country's primary insurance industry 'well placed' to meet current and future challenges, according to a new report by Fitch Ratings. In its 2013 Outlook: Swiss Insurance Market publication the... Thu, 14 Feb 2013 12:23:00 +0000 http://www.commercialriskeurope.com/cre/1998/15/Swiss-market-stable-as-general-insurers-maintain-underwriting-discipline-Fitch/ http://www.commercialriskeurope.com/cre/1999/15/Corporate-round-up/ Thu, 14 Feb 2013 12:21:00 +0000 http://www.commercialriskeurope.com/cre/1999/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/2005/15/Third-Vikingarannet-completed-by-record-number-of-risk-professionals/ Some 38 risk professionals from Norway, Holland and Sweden including Peter den Dekker, former President of Ferma and head of risk at telecommunications group Vimpelcom, completed the 80km skating event called the Vikingarannet on Sunday once again in sub zero... Thu, 14 Feb 2013 12:20:00 +0000 http://www.commercialriskeurope.com/cre/2005/15/Third-Vikingarannet-completed-by-record-number-of-risk-professionals/ http://www.commercialriskeurope.com/cre/1995/15/Credit-catastophes-and-politics-to-govern-2013-risk-agenda/ Ongoing economic, financial and political instability are the key threats that risk managers will have to face up to in 2013 according to heads of leading European and international risk management groups polled by Commercial Risk Europe as 2013 gets... Thu, 14 Feb 2013 10:30:00 +0000 http://www.commercialriskeurope.com/cre/1995/15/Credit-catastophes-and-politics-to-govern-2013-risk-agenda/ http://www.commercialriskeurope.com/cre/1993/15/Ferma-set-to-raise-profile-in-Brussels/ The first big item on Ferma’s plate this year is a more active approach to European affairs and lobbying on key matters that affect European risk managers. That’s according to Ferma’s president Jorge Luzzi, and its executive manager, Florence Bindelle,... Thu, 14 Feb 2013 10:24:00 +0000 http://www.commercialriskeurope.com/cre/1993/15/Ferma-set-to-raise-profile-in-Brussels/ http://www.commercialriskeurope.com/cre/1992/15/Ferma-to-forge-ahead-with-tricky-certification-project/ A key priority for Ferma this year is continued progression with its pan-European certification or accreditation scheme. Kicked off last year, the project aims to deliver a professional qualification that can augment existing national qualifications and provide individual risk managers... Thu, 14 Feb 2013 10:18:00 +0000 http://www.commercialriskeurope.com/cre/1992/15/Ferma-to-forge-ahead-with-tricky-certification-project/ http://www.commercialriskeurope.com/cre/1994/15/Airmic-keen-on-closer-ties-with-Ferma-in-50th-year/ Thu, 14 Feb 2013 10:17:00 +0000 http://www.commercialriskeurope.com/cre/1994/15/Airmic-keen-on-closer-ties-with-Ferma-in-50th-year/ http://www.commercialriskeurope.com/cre/1991/15/Ferma-looks-to-forum-and-beyond-in-2013/ Thu, 14 Feb 2013 10:14:00 +0000 http://www.commercialriskeurope.com/cre/1991/15/Ferma-looks-to-forum-and-beyond-in-2013/ http://www.commercialriskeurope.com/cre/1990/15/French-buyers-brokers-and-insurers-sign-best-practice-charter-for-non-life-insurance/ Fri, 08 Feb 2013 12:07:00 +0000 http://www.commercialriskeurope.com/cre/1990/15/French-buyers-brokers-and-insurers-sign-best-practice-charter-for-non-life-insurance/ http://www.commercialriskeurope.com/cre/1986/15/Insurers-question-the-value-of-a-global-database-for-multinational-programmes/ Risk managers may have too high an expectation of the benefits of a global compliance database for multinational programmes and should be wary of a potential regulatory backlash should such an initiative come to fruition, warned leading insurers at AMRAE... Fri, 08 Feb 2013 12:06:00 +0000 http://www.commercialriskeurope.com/cre/1986/15/Insurers-question-the-value-of-a-global-database-for-multinational-programmes/ http://www.commercialriskeurope.com/cre/1989/15/Aon-says-German-corporate-market-has-turned/ The German corporate insurance market has turned and risk managers must prepare for increased costs going forward, according to Aon. "The year 2012 was a turning point. For clients, it was characterised by higher insurance premiums," said Jörg Bechert, Supervisor... Fri, 08 Feb 2013 12:05:00 +0000 http://www.commercialriskeurope.com/cre/1989/15/Aon-says-German-corporate-market-has-turned/ http://www.commercialriskeurope.com/cre/1985/15/Lack-of-ELD-cases-sees-France-seek-alternative-redress-system/ With no cases of environmental damage remediated under the Environmental Liability Directive (ELD) in France the country’s government appears ready to bypass the pan-European regime and introduce the notion of ecological damage into its civil code. Similar drastic measures by... Fri, 08 Feb 2013 11:43:00 +0000 http://www.commercialriskeurope.com/cre/1985/15/Lack-of-ELD-cases-sees-France-seek-alternative-redress-system/ http://www.commercialriskeurope.com/cre/1984/15/EIOPA-chief-stresses-need-to-treat-captives-differently-under-Solvency-II/ Solvency II has to be ‘appropriate’ for captives and offer a simplified and proportionate treatment compared with commercial insurance companies or risk managers may simply move them to jurisdictions outside of the European Union and lose the benefits of the... Fri, 08 Feb 2013 11:42:00 +0000 http://www.commercialriskeurope.com/cre/1984/15/EIOPA-chief-stresses-need-to-treat-captives-differently-under-Solvency-II/ http://www.commercialriskeurope.com/cre/1988/15/Reinsurers-nudge-rates-upwards-during-January-renewal/ Buyers of primary insurance scanning the horizon for downstream risk transfer rate increases will note that the key January renewals saw relatively small increases in the overall cost of reinsurance pricing, according to announcements from three of the world's largest... Fri, 08 Feb 2013 11:31:00 +0000 http://www.commercialriskeurope.com/cre/1988/15/Reinsurers-nudge-rates-upwards-during-January-renewal/ http://www.commercialriskeurope.com/cre/1987/15/Corporate-round-up/ Fri, 08 Feb 2013 11:30:00 +0000 http://www.commercialriskeurope.com/cre/1987/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1983/15/Reinsurers-outline-their-biggest-fears-to-AMRAE-audience-in-Lyon/ Fri, 08 Feb 2013 11:29:00 +0000 http://www.commercialriskeurope.com/cre/1983/15/Reinsurers-outline-their-biggest-fears-to-AMRAE-audience-in-Lyon/ http://www.commercialriskeurope.com/cre/1982/15/Risk-disinformation-debate-set-to-run-run-comment/ The debate over risk data and information requirements that boiled over in the German risk and insurance market last week as it gathered for a major liability conference should not really come as a surprise to any reader of Commercial... Fri, 08 Feb 2013 11:26:00 +0000 http://www.commercialriskeurope.com/cre/1982/15/Risk-disinformation-debate-set-to-run-run-comment/ http://www.commercialriskeurope.com/cre/1981/15/Insecurity-created-by-rapid-rule-changes-top-concern-for-AMRAE-s-Francois-Malan/ Fri, 08 Feb 2013 11:23:00 +0000 http://www.commercialriskeurope.com/cre/1981/15/Insecurity-created-by-rapid-rule-changes-top-concern-for-AMRAE-s-Francois-Malan/ http://www.commercialriskeurope.com/cre/1980/15/Thumbs-up-to-innovation-Peter-den-Dekker/ Commercial Risk Europe Editor Adrian Ladbury interviewed former Ferma president Peter den Dekker just prior to the AMRAE conference in Lyon as part of CRE’s new Global Risk Frontiers survey. He said that he is reasonably happy with the coverage... Fri, 08 Feb 2013 11:18:00 +0000 http://www.commercialriskeurope.com/cre/1980/15/Thumbs-up-to-innovation-Peter-den-Dekker/ http://www.commercialriskeurope.com/cre/1979/15/AMRAE-focuses-on-Russian-risk-in-2013/ Fri, 08 Feb 2013 11:14:00 +0000 http://www.commercialriskeurope.com/cre/1979/15/AMRAE-focuses-on-Russian-risk-in-2013/ http://www.commercialriskeurope.com/cre/1978/15/Changes-to-GAREAT-on-the-table-as-AMRAE-opens-record-Rencontres/ Thu, 07 Feb 2013 12:59:00 +0000 http://www.commercialriskeurope.com/cre/1978/15/Changes-to-GAREAT-on-the-table-as-AMRAE-opens-record-Rencontres/ http://www.commercialriskeurope.com/cre/1971/15/Hard-market-averted-but-French-buyers-face-tough-times/ Thu, 07 Feb 2013 12:58:00 +0000 http://www.commercialriskeurope.com/cre/1971/15/Hard-market-averted-but-French-buyers-face-tough-times/ http://www.commercialriskeurope.com/cre/1976/15/Mid-sized-firms-encouraged-to-join-risk-crusade/ Thu, 07 Feb 2013 12:55:00 +0000 http://www.commercialriskeurope.com/cre/1976/15/Mid-sized-firms-encouraged-to-join-risk-crusade/ http://www.commercialriskeurope.com/cre/1977/15/Global-economic-and-social-outlook-remains-gloomy-for-corporates/ Thu, 07 Feb 2013 12:55:00 +0000 http://www.commercialriskeurope.com/cre/1977/15/Global-economic-and-social-outlook-remains-gloomy-for-corporates/ http://www.commercialriskeurope.com/cre/1974/15/UK-government-s-class-action-proposal-raises-concern-from-global-corporates/ The UK government's plan to introduce a new regime for 'class actions' in cases alleging anti-competitive practices has raised concern from business that Britain could become a centre of litigation abuse. Lawyers, however, have welcomed the proposal, arguing that it... Thu, 07 Feb 2013 12:26:00 +0000 http://www.commercialriskeurope.com/cre/1974/15/UK-government-s-class-action-proposal-raises-concern-from-global-corporates/ http://www.commercialriskeurope.com/cre/1975/15/Beazley-brings-cyber-insurance-policy-to-Europe/ Beazley has launched a new cyber insurance service for Europe. The policy, a transposition of the Beazley Breach Response (BBR) service offered in the US, will provide clients with a range of services to manage any immediate fallout in the... Thu, 07 Feb 2013 12:24:00 +0000 http://www.commercialriskeurope.com/cre/1975/15/Beazley-brings-cyber-insurance-policy-to-Europe/ http://www.commercialriskeurope.com/cre/1973/15/Political-violence-up-36-finds-Marsh-risk-map/ Thu, 07 Feb 2013 12:14:00 +0000 http://www.commercialriskeurope.com/cre/1973/15/Political-violence-up-36-finds-Marsh-risk-map/ http://www.commercialriskeurope.com/cre/1972/15/Willis-calls-for-more-innovative-risk-management-from-the-mining-sector/ Thu, 07 Feb 2013 12:10:00 +0000 http://www.commercialriskeurope.com/cre/1972/15/Willis-calls-for-more-innovative-risk-management-from-the-mining-sector/ http://www.commercialriskeurope.com/cre/1970/15/Amrae-goes-local-and-targets-smaller-firms/ The 21st edition of Rencontres d’AMRAE sounded the starting gun for a busy year at the French risk management association as it boosts efforts to spread the risk gospel beyond large companies, whilst at the same time ensuring all members... Thu, 07 Feb 2013 11:47:00 +0000 http://www.commercialriskeurope.com/cre/1970/15/Amrae-goes-local-and-targets-smaller-firms/ http://www.commercialriskeurope.com/cre/1969/15/Bring-your-own-device-at-your-company-s-risk/ The threat to organisations from cyber criminals is usually associated with the actions of hackers operating in remote locations, employing sophisticated tools to break through corporate IT systems. But a significant weak spot can be found in the pockets and... Thu, 07 Feb 2013 11:39:00 +0000 http://www.commercialriskeurope.com/cre/1969/15/Bring-your-own-device-at-your-company-s-risk/ http://www.commercialriskeurope.com/cre/1968/15/AMRAE-book-promotes-cooperation-between-risk-and-legal-experts/ Thu, 07 Feb 2013 10:10:00 +0000 http://www.commercialriskeurope.com/cre/1968/15/AMRAE-book-promotes-cooperation-between-risk-and-legal-experts/ http://www.commercialriskeurope.com/cre/1967/15/Effective-supply-chain-risk-management-a-concern-for-SMEs/ Supply chain risks are well known to large companies but increasingly mid-sized firms are exposed to their dangers too. As they look for ways to streamline their processes and keep costs under control, smaller-sized companies must carefully select their suppliers... Thu, 07 Feb 2013 10:06:00 +0000 http://www.commercialriskeurope.com/cre/1967/15/Effective-supply-chain-risk-management-a-concern-for-SMEs/ http://www.commercialriskeurope.com/cre/1957/15/Strong-capacity-across-Europe-but-risk-management-standards-increasingly-under-spotlight-Marsh/ Insurance capacity across Europe will remain strong in many traditional lines-such as natural catastrophe and professional indemnity-but insurers will expect more evidence of risk management from insurance buyers if they are to receive favourable rates, according to a report issued... Thu, 31 Jan 2013 13:35:00 +0000 http://www.commercialriskeurope.com/cre/1957/15/Strong-capacity-across-Europe-but-risk-management-standards-increasingly-under-spotlight-Marsh/ http://www.commercialriskeurope.com/cre/1963/15/Ferma-backed-study-finds-cyber-risk-still-not-being-properly-managed/ Thu, 31 Jan 2013 13:32:00 +0000 http://www.commercialriskeurope.com/cre/1963/15/Ferma-backed-study-finds-cyber-risk-still-not-being-properly-managed/ http://www.commercialriskeurope.com/cre/1958/15/IRM-launches-global-advisory-board-and-announces-30-strong-team/ Thu, 31 Jan 2013 13:31:00 +0000 http://www.commercialriskeurope.com/cre/1958/15/IRM-launches-global-advisory-board-and-announces-30-strong-team/ http://www.commercialriskeurope.com/cre/1955/15/IUMI-concern-over-lack-of-Concordia-report-and-fears-lessons-not-being-learnt/ The International Union of Marine Insurance (IUMI) President, Ole Wikborg, is concerned that Italian authorities are yet to publish an accident investigation report on the Costa Concordia disaster and believes the marine industry is guilty of failing to learn lessons... Thu, 31 Jan 2013 13:30:00 +0000 http://www.commercialriskeurope.com/cre/1955/15/IUMI-concern-over-lack-of-Concordia-report-and-fears-lessons-not-being-learnt/ http://www.commercialriskeurope.com/cre/1965/15/AIG-cuts-HSBC-distribution-deal-in-Turkey-and-France/ Thu, 31 Jan 2013 13:29:00 +0000 http://www.commercialriskeurope.com/cre/1965/15/AIG-cuts-HSBC-distribution-deal-in-Turkey-and-France/ http://www.commercialriskeurope.com/cre/1956/15/Marine-market-suffers-again-in-2012-but-abundant-capacity-means-buyers-set-fair/ The marine market suffered a difficult year in 2012 and for the seventeenth year in a row hull and machinery insurers will likely fail to record a profit, according to the president of the International Union of Marine Insurance (IUMI).... Thu, 31 Jan 2013 13:28:00 +0000 http://www.commercialriskeurope.com/cre/1956/15/Marine-market-suffers-again-in-2012-but-abundant-capacity-means-buyers-set-fair/ http://www.commercialriskeurope.com/cre/1966/15/Risk-priorities-determined-by-company-size-finds-AGCS-study/ Thu, 31 Jan 2013 13:26:00 +0000 http://www.commercialriskeurope.com/cre/1966/15/Risk-priorities-determined-by-company-size-finds-AGCS-study/ http://www.commercialriskeurope.com/cre/1961/15/Losing-Made-in-Germany-stamp-of-approval-big-risk-for-German-companies/ Thu, 31 Jan 2013 13:24:00 +0000 http://www.commercialriskeurope.com/cre/1961/15/Losing-Made-in-Germany-stamp-of-approval-big-risk-for-German-companies/ http://www.commercialriskeurope.com/cre/1964/15/Tokio-Marine-reveals-plans-for-Europe-and-commits-to-Pacific-cat-scheme/ Thu, 31 Jan 2013 13:20:00 +0000 http://www.commercialriskeurope.com/cre/1964/15/Tokio-Marine-reveals-plans-for-Europe-and-commits-to-Pacific-cat-scheme/ http://www.commercialriskeurope.com/cre/1960/15/Corporate-round-up/ Thu, 31 Jan 2013 13:10:00 +0000 http://www.commercialriskeurope.com/cre/1960/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1962/15/Burger-scandal-casts-nagging-doubt-over-enterprise-risk-management/ Thu, 31 Jan 2013 13:09:00 +0000 http://www.commercialriskeurope.com/cre/1962/15/Burger-scandal-casts-nagging-doubt-over-enterprise-risk-management/ http://www.commercialriskeurope.com/cre/1959/15/UK-business-not-taking-data-responsibilities-seriously-suggests-survey/ Over half of UK business believes data loss is inevitable and two-thirds have stated that the threat of fines laid out in draft European Commission data protection legislation is having little or no impact on their data protection policies, according... Thu, 31 Jan 2013 13:05:00 +0000 http://www.commercialriskeurope.com/cre/1959/15/UK-business-not-taking-data-responsibilities-seriously-suggests-survey/ http://www.commercialriskeurope.com/cre/1954/15/EC-commissioned-study-finds-ELD-struggling-to-make-polluter-pay/ Preliminary findings of a study on the effectiveness of the Environmental Liability Directive (ELD) commissioned by the European Commission (EC) conclude that the regime's transposition has resulted in an unlevel playing field across Europe, that prosecutions under the Directive remain... Thu, 24 Jan 2013 13:06:00 +0000 http://www.commercialriskeurope.com/cre/1954/15/EC-commissioned-study-finds-ELD-struggling-to-make-polluter-pay/ http://www.commercialriskeurope.com/cre/1953/15/Buyers-not-providing-sufficient-risk-information-bemoan-insurers/ Thu, 24 Jan 2013 13:01:00 +0000 http://www.commercialriskeurope.com/cre/1953/15/Buyers-not-providing-sufficient-risk-information-bemoan-insurers/ http://www.commercialriskeurope.com/cre/1948/15/Brokers-warn-Algerian-siege-could-be-sign-of-things-to-come-with-rates-to-rise/ Following the kidnap and hostage of native and foreign workers at an Algerian gas factory last week, Tom Holt, Head of Intelligence at Willis' Special Contingency, has warned of a 'potential belt of aggregated terror' spreading across the north African... Thu, 24 Jan 2013 12:58:00 +0000 http://www.commercialriskeurope.com/cre/1948/15/Brokers-warn-Algerian-siege-could-be-sign-of-things-to-come-with-rates-to-rise/ http://www.commercialriskeurope.com/cre/1952/15/D-O-gimmicks-not-worth-the-bother-and-run-tax-risk-says-reinsurer/ Thu, 24 Jan 2013 12:57:00 +0000 http://www.commercialriskeurope.com/cre/1952/15/D-O-gimmicks-not-worth-the-bother-and-run-tax-risk-says-reinsurer/ http://www.commercialriskeurope.com/cre/1951/15/Broker-demands-return-to-all-risk-liability-policies/ General liability policies are not fulfilling the requirements of modern companies as exclusions in the name of specialist cover are muddying the waters, Stefan Scholz, Head of Liabilty at Aon Risk Solutions in Germany told delegates at the Euroforum Liability... Thu, 24 Jan 2013 12:51:00 +0000 http://www.commercialriskeurope.com/cre/1951/15/Broker-demands-return-to-all-risk-liability-policies/ http://www.commercialriskeurope.com/cre/1947/15/Willis-experts-lay-down-2013-risk-gauntlet/ Missing out on the next set of emerging markets, damage to established brands through social media, likelihood of extreme weather, sovereign cyber war on financial services firms, supply chain sustainability, the US Foreign Corrupt Foreign Practices Act and captive compliance... Thu, 24 Jan 2013 12:26:00 +0000 http://www.commercialriskeurope.com/cre/1947/15/Willis-experts-lay-down-2013-risk-gauntlet/ http://www.commercialriskeurope.com/cre/1950/15/Hydrofracking-risk-the-big-unknown-warns-lawyer/ Thu, 24 Jan 2013 12:23:00 +0000 http://www.commercialriskeurope.com/cre/1950/15/Hydrofracking-risk-the-big-unknown-warns-lawyer/ http://www.commercialriskeurope.com/cre/1949/15/First-armed-private-convoy-system-launched-in-220-years/ A new marine convoy escort service has been launched that is designed to help protect the assets of ship operators that use the Gulf of Aden, Arabian Sea and Indian Ocean. It is the first naval-grade private convoy protection seen... Thu, 24 Jan 2013 12:22:00 +0000 http://www.commercialriskeurope.com/cre/1949/15/First-armed-private-convoy-system-launched-in-220-years/ http://www.commercialriskeurope.com/cre/1946/15/Corporate-round-up/ Thu, 24 Jan 2013 12:20:00 +0000 http://www.commercialriskeurope.com/cre/1946/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1945/15/Airmic-Casualty-Benchmarking-report-highlights-global-programmes/ Getting policies issued in a timely fashion is the biggest concern for UK risk managers when it comes to casualty risks, according to the latest Airmic Casualty Benchmarking Report. Nearly half (48%) of those surveyed said that this was 'highly... Tue, 22 Jan 2013 12:49:00 +0000 http://www.commercialriskeurope.com/cre/1945/15/Airmic-Casualty-Benchmarking-report-highlights-global-programmes/ http://www.commercialriskeurope.com/cre/1944/15/Terrorism-political-violence-and-global-programmes/ Tue, 22 Jan 2013 12:44:00 +0000 http://www.commercialriskeurope.com/cre/1944/15/Terrorism-political-violence-and-global-programmes/ http://www.commercialriskeurope.com/cre/1943/15/Insurance-outlooks-for-global-markets-from-Ernst-Young/ Ernst & Young has issued a number of insurance outlooks for markets around the world, including Europe, the US, Latin America and Asia-Pacific, examining their different challenges and opportunities – notably from regulatory changes, macroeconomic factors and the potential for... Tue, 22 Jan 2013 12:37:00 +0000 http://www.commercialriskeurope.com/cre/1943/15/Insurance-outlooks-for-global-markets-from-Ernst-Young/ http://www.commercialriskeurope.com/cre/1942/15/PwC-report-on-foreign-insurers-in-China/ Foreign insurance companies in China remain optimistic about delivering continued revenue growth, according to a new report from PwC, which surveyed over 30 foreign companies in China. Companies cite low market penetration, strong upside for premiums to grow and the... Tue, 22 Jan 2013 12:31:00 +0000 http://www.commercialriskeurope.com/cre/1942/15/PwC-report-on-foreign-insurers-in-China/ http://www.commercialriskeurope.com/cre/1941/15/Asia-Pacific-non-life-insurers-slowly-recover-says-AM-Best/ Tue, 22 Jan 2013 12:23:00 +0000 http://www.commercialriskeurope.com/cre/1941/15/Asia-Pacific-non-life-insurers-slowly-recover-says-AM-Best/ http://www.commercialriskeurope.com/cre/1939/15/Tax-and-regulatory-news/ Hungary approves tax on insurance premiums, new motor premium tax in France, US-EU Insurance Dialogue Project issues 'Way Forward' plan, rise in stamp duty on insurance contracts in Cyprus, Dutch Parliament approves new IPT rate, indirect tax changes affecting global... Tue, 22 Jan 2013 12:04:00 +0000 http://www.commercialriskeurope.com/cre/1939/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/1938/15/News-in-brief/ S&P upbeat on credit quality of global multiline insurers, AGCS gets local reinsurer's licence in Brazil, Fitch reports on Brazil, Japan and Australia, China establishes international insurance broker association, global insurance sees continued firm rates, Central Bank of Bahrain calls... Tue, 22 Jan 2013 11:50:00 +0000 http://www.commercialriskeurope.com/cre/1938/15/News-in-brief/ http://www.commercialriskeurope.com/cre/1937/15/Political-and-credit-risk-news/ Tue, 22 Jan 2013 11:35:00 +0000 http://www.commercialriskeurope.com/cre/1937/15/Political-and-credit-risk-news/ http://www.commercialriskeurope.com/cre/1940/15/Editors-comment---Calling-time-on-casualty-business/ Why-oh-why is everything always left to the last minute? It happens in all walks of life, and needless to say, it happens with global insurance programmes. Insurance is of course notorious for last minute renewals – the mad rush between... Tue, 22 Jan 2013 11:34:00 +0000 http://www.commercialriskeurope.com/cre/1940/15/Editors-comment---Calling-time-on-casualty-business/ http://www.commercialriskeurope.com/cre/1936/15/Russia-market-report---Working-hard-to-reform-the-market/ The Russian insurance market has come a long way since the end of the old Soviet-era monopoly in 1988. For the previous 70 years, there were just two insurers: Gosstrakh and Ingosstrakh. Both still exist (Gosstrakh became Rosgosstrakh) and were... Tue, 22 Jan 2013 10:41:00 +0000 http://www.commercialriskeurope.com/cre/1936/15/Russia-market-report---Working-hard-to-reform-the-market/ http://www.commercialriskeurope.com/cre/1935/15/Sonia-Campbell---Destination-unknown-achieving-certainty-in-arbitration-agreements/ Tue, 22 Jan 2013 10:15:00 +0000 http://www.commercialriskeurope.com/cre/1935/15/Sonia-Campbell---Destination-unknown-achieving-certainty-in-arbitration-agreements/ http://www.commercialriskeurope.com/cre/1933/15/Insurers-slow-to-adopt-risk-technology-say-risk-managers/ Risk managers are steadily increasing their adoption of risk management information systems (RMIS) but there is a concern among some that there is not the same level of system sophistication at their insurers. Meanwhile insurers are investing heavily in global... Thu, 17 Jan 2013 11:37:00 +0000 http://www.commercialriskeurope.com/cre/1933/15/Insurers-slow-to-adopt-risk-technology-say-risk-managers/ http://www.commercialriskeurope.com/cre/1931/15/Potential-troubles-ahead-for-global-multiline-insurers-as-negativity-creeps-in/ Thu, 17 Jan 2013 11:28:00 +0000 http://www.commercialriskeurope.com/cre/1931/15/Potential-troubles-ahead-for-global-multiline-insurers-as-negativity-creeps-in/ http://www.commercialriskeurope.com/cre/1932/15/Marsh-tackles-claims-concerns-with-new-service/ Thu, 17 Jan 2013 11:27:00 +0000 http://www.commercialriskeurope.com/cre/1932/15/Marsh-tackles-claims-concerns-with-new-service/ http://www.commercialriskeurope.com/cre/1929/15/Piracy-drops-to-five-year-low-as-Somali-threat-recedes/ Thu, 17 Jan 2013 11:12:00 +0000 http://www.commercialriskeurope.com/cre/1929/15/Piracy-drops-to-five-year-low-as-Somali-threat-recedes/ http://www.commercialriskeurope.com/cre/1927/15/Corporate-round-up/ Thu, 17 Jan 2013 11:07:00 +0000 http://www.commercialriskeurope.com/cre/1927/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1928/15/AGCS-targets-Brazil-and-wider-Latin-American-region/ Having received a local reinsurance license in Brazil, Allianz Global Corporate & Specialty (AGCS) has launched a new local legal entity and opened two new offices in the country. As a result of the move the insurer aims to double... Thu, 17 Jan 2013 11:06:00 +0000 http://www.commercialriskeurope.com/cre/1928/15/AGCS-targets-Brazil-and-wider-Latin-American-region/ http://www.commercialriskeurope.com/cre/1930/15/ILS-market-reaches-new-highs-in-2012/ Thu, 17 Jan 2013 11:05:00 +0000 http://www.commercialriskeurope.com/cre/1930/15/ILS-market-reaches-new-highs-in-2012/ http://www.commercialriskeurope.com/cre/1934/15/Skate-to-victory/ Thu, 17 Jan 2013 07:45:00 +0000 http://www.commercialriskeurope.com/cre/1934/15/Skate-to-victory/ http://www.commercialriskeurope.com/cre/1926/15/Ferma-appoints-first-dedicated-adviser-to-defend-interests-in-EU/ Thu, 10 Jan 2013 11:58:00 +0000 http://www.commercialriskeurope.com/cre/1926/15/Ferma-appoints-first-dedicated-adviser-to-defend-interests-in-EU/ http://www.commercialriskeurope.com/cre/1925/15/Risk-falls-back-on-private-sector-as-cash-strapped-governments-weaken---WEF/ Thu, 10 Jan 2013 10:33:00 +0000 http://www.commercialriskeurope.com/cre/1925/15/Risk-falls-back-on-private-sector-as-cash-strapped-governments-weaken---WEF/ http://www.commercialriskeurope.com/cre/1924/15/Casualty-rates-flat-but-expected-to-rise-finds-Airmic/ Thu, 10 Jan 2013 10:29:00 +0000 http://www.commercialriskeurope.com/cre/1924/15/Casualty-rates-flat-but-expected-to-rise-finds-Airmic/ http://www.commercialriskeurope.com/cre/1917/15/AIG-board-rapidly-rejects-Starr-demand-to-sue-government-over-bailout-terms/ AIG yesterday announced that it would not pursue lawsuits filed by Starr International Company, the group run by former AIG chief executive Hank Greenberg, that claims $25bn in compensation for shareholders from the US government over its rescue of AIG... Thu, 10 Jan 2013 10:28:00 +0000 http://www.commercialriskeurope.com/cre/1917/15/AIG-board-rapidly-rejects-Starr-demand-to-sue-government-over-bailout-terms/ http://www.commercialriskeurope.com/cre/1923/15/Spanish-broker-Artai-targets-overseas-markets/ Thu, 10 Jan 2013 10:23:00 +0000 http://www.commercialriskeurope.com/cre/1923/15/Spanish-broker-Artai-targets-overseas-markets/ http://www.commercialriskeurope.com/cre/1922/15/Change-in-public-private-partnerships-increases-risk-for-UK-infrastructure-sector/ Thu, 10 Jan 2013 10:20:00 +0000 http://www.commercialriskeurope.com/cre/1922/15/Change-in-public-private-partnerships-increases-risk-for-UK-infrastructure-sector/ http://www.commercialriskeurope.com/cre/1921/15/Ship-safety-continues-upward-trend-but-potential-troubles-ahead/ Thu, 10 Jan 2013 10:16:00 +0000 http://www.commercialriskeurope.com/cre/1921/15/Ship-safety-continues-upward-trend-but-potential-troubles-ahead/ http://www.commercialriskeurope.com/cre/1920/15/Corporate-round-up/ Thu, 10 Jan 2013 10:10:00 +0000 http://www.commercialriskeurope.com/cre/1920/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1919/15/AIG-advises-UK-risk-managers-to-focus-on-casualty-as-rate-rises-expected/ With almost two-thirds of UK risk managers expecting casualty rates to rise over the next two years, according to a recent Airmic report, AIG, the sponsor of the report, said this week that businesses need to tackle the prospect head... Thu, 10 Jan 2013 09:58:00 +0000 http://www.commercialriskeurope.com/cre/1919/15/AIG-advises-UK-risk-managers-to-focus-on-casualty-as-rate-rises-expected/ http://www.commercialriskeurope.com/cre/1918/15/AM-Best-holds-stable-outlook-for-reinsurers-despite-recent-cat-hits/ Thu, 10 Jan 2013 09:56:00 +0000 http://www.commercialriskeurope.com/cre/1918/15/AM-Best-holds-stable-outlook-for-reinsurers-despite-recent-cat-hits/ http://www.commercialriskeurope.com/cre/1914/15/No-panic-needed-over-year-end-renewals/ Thu, 03 Jan 2013 13:45:00 +0000 http://www.commercialriskeurope.com/cre/1914/15/No-panic-needed-over-year-end-renewals/ http://www.commercialriskeurope.com/cre/1915/15/Demand-for-credit-cover-on-the-rise-again-in-Germany/ As the next downturn in the economy approaches, German companies are taking a greater interest in the question of commercial credit insurance again, according to Thomas Krings, management board member at German market leader Euler Hermes. "We see healthy demand... Thu, 03 Jan 2013 13:44:00 +0000 http://www.commercialriskeurope.com/cre/1915/15/Demand-for-credit-cover-on-the-rise-again-in-Germany/ http://www.commercialriskeurope.com/cre/1916/15/The-big-questions-for-2013/ Thu, 03 Jan 2013 13:43:00 +0000 http://www.commercialriskeurope.com/cre/1916/15/The-big-questions-for-2013/ http://www.commercialriskeurope.com/cre/1913/15/Cat-losses-sharply-down-in-2012-despite-big-US-hits/ Thu, 03 Jan 2013 13:27:00 +0000 http://www.commercialriskeurope.com/cre/1913/15/Cat-losses-sharply-down-in-2012-despite-big-US-hits/ http://www.commercialriskeurope.com/cre/1912/15/Europe-s-insurers-will-use-EU-gender-rules-to-raise-rates-Fitch/ Thu, 03 Jan 2013 13:18:00 +0000 http://www.commercialriskeurope.com/cre/1912/15/Europe-s-insurers-will-use-EU-gender-rules-to-raise-rates-Fitch/ http://www.commercialriskeurope.com/cre/1911/15/Further-guidance-on-proportionality-in-EIOPA-opinion/ The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on interim measures on Solvency II towards the end of December that finally starts to give national supervisors guidance on how to implement the new capital adequacy and reporting... Thu, 03 Jan 2013 13:10:00 +0000 http://www.commercialriskeurope.com/cre/1911/15/Further-guidance-on-proportionality-in-EIOPA-opinion/ http://www.commercialriskeurope.com/cre/1899/15/Global-Programme-database-moves-on-as-Airmic-issues-second-RfP/ Airmic has issued a second Request for Proposal (RfP) for companies interested in the creation of a global database of international insurance requirements. The UK risk and insurance management association hopes that the project can be completed by the end... Fri, 14 Dec 2012 13:50:00 +0000 http://www.commercialriskeurope.com/cre/1899/15/Global-Programme-database-moves-on-as-Airmic-issues-second-RfP/ http://www.commercialriskeurope.com/cre/1900/15/French-security-chiefs-agree-united-effort-needed-to-meet-cyber-threat/ Fri, 14 Dec 2012 13:49:00 +0000 http://www.commercialriskeurope.com/cre/1900/15/French-security-chiefs-agree-united-effort-needed-to-meet-cyber-threat/ http://www.commercialriskeurope.com/cre/1901/15/Testing-for-global-risk-management-certification-to-kick-off-in-2013/ Fri, 14 Dec 2012 13:48:00 +0000 http://www.commercialriskeurope.com/cre/1901/15/Testing-for-global-risk-management-certification-to-kick-off-in-2013/ http://www.commercialriskeurope.com/cre/1902/15/German-and-French-companies-least-prepared-for-IT-failing-or-cyber-attack/ Some 99% of European companies have reported financial losses following an IT/cyber incident in the past five years. That was one of the stark findings in a new report from Ace. The insurer also found that German and French companies... Fri, 14 Dec 2012 13:47:00 +0000 http://www.commercialriskeurope.com/cre/1902/15/German-and-French-companies-least-prepared-for-IT-failing-or-cyber-attack/ http://www.commercialriskeurope.com/cre/1903/15/Europe-s-insurers-call-for-clarity-on-Solvency-II/ Uncertainty surrounding the implementation of Solvency II, Europe’s planned capital adequacy and reporting regime for the insurance sector, was identified by insurance leaders at a high level conference in Paris last week as the number one concern caused by the... Fri, 14 Dec 2012 13:46:00 +0000 http://www.commercialriskeurope.com/cre/1903/15/Europe-s-insurers-call-for-clarity-on-Solvency-II/ http://www.commercialriskeurope.com/cre/1904/15/Euro-solution-provides-quick-fix-but-basic-long-term-problems-remain/ Fri, 14 Dec 2012 13:45:00 +0000 http://www.commercialriskeurope.com/cre/1904/15/Euro-solution-provides-quick-fix-but-basic-long-term-problems-remain/ http://www.commercialriskeurope.com/cre/1905/15/James-to-step-down-as-CEO-of-Lockton-International/ Fri, 14 Dec 2012 13:44:00 +0000 http://www.commercialriskeurope.com/cre/1905/15/James-to-step-down-as-CEO-of-Lockton-International/ http://www.commercialriskeurope.com/cre/1906/15/Emerging-markets-will-drive-growth-story-in-2013-predicts-Swiss-Re/ Fri, 14 Dec 2012 13:44:00 +0000 http://www.commercialriskeurope.com/cre/1906/15/Emerging-markets-will-drive-growth-story-in-2013-predicts-Swiss-Re/ http://www.commercialriskeurope.com/cre/1907/15/Marketing-hype-from-consultants-hampers-fight-on-financial-crime/ Fri, 14 Dec 2012 13:43:00 +0000 http://www.commercialriskeurope.com/cre/1907/15/Marketing-hype-from-consultants-hampers-fight-on-financial-crime/ http://www.commercialriskeurope.com/cre/1908/15/Moody-s-sticks-with-negative-outlook-for-German-insurance-market/ Fri, 14 Dec 2012 13:42:00 +0000 http://www.commercialriskeurope.com/cre/1908/15/Moody-s-sticks-with-negative-outlook-for-German-insurance-market/ http://www.commercialriskeurope.com/cre/1909/15/Risk-managers-embrace-risk-information-systems-but-insurers-need-to-up-game/ Risk management information systems (RMIS) are becoming an increasingly important tool for risk and insurance managers, both in the internal distribution of risk data to departments within the company and also in external communication with third party suppliers and the... Fri, 14 Dec 2012 13:41:00 +0000 http://www.commercialriskeurope.com/cre/1909/15/Risk-managers-embrace-risk-information-systems-but-insurers-need-to-up-game/ http://www.commercialriskeurope.com/cre/1910/15/Zurich-sets-out-new-strategy-for-Germany-with-SME-focus/ Following hefty losses on professional indemnity insurance policies for hospitals and architects, insurer Zurich wants to try a new approach on the German market and seeks to concentrate more on medium-sized enterprises. “We want to focus more on the middle... Fri, 14 Dec 2012 13:40:00 +0000 http://www.commercialriskeurope.com/cre/1910/15/Zurich-sets-out-new-strategy-for-Germany-with-SME-focus/ http://www.commercialriskeurope.com/cre/1898/15/Argentinian-insurers-hit-by-new-law/ Fri, 14 Dec 2012 01:10:00 +0000 http://www.commercialriskeurope.com/cre/1898/15/Argentinian-insurers-hit-by-new-law/ http://www.commercialriskeurope.com/cre/1897/15/More-indirect-taxation-to-come-in-2013-experts-warn/ If 2012 was a tough year for multinational insurance programmes in terms of increased regulation and compliance issues, then next year is looking even worse. According to insurance tax specialists FiscalReps, in 2013, insurers will face an unprecedented level of... Fri, 14 Dec 2012 01:05:00 +0000 http://www.commercialriskeurope.com/cre/1897/15/More-indirect-taxation-to-come-in-2013-experts-warn/ http://www.commercialriskeurope.com/cre/1896/15/Compliant-international-programmes/ In a recent impassioned speech to risk managers and service providers, Guenter Droese, chairman of ECIROA (the European Captive Insurance and Reinsurance Owners' Association) and Head of Insurance at Deutsche Bank, called on insurers and brokers to back ECIROA in... Fri, 14 Dec 2012 00:58:00 +0000 http://www.commercialriskeurope.com/cre/1896/15/Compliant-international-programmes/ http://www.commercialriskeurope.com/cre/1895/15/International-programs-fronting-and-collateral---the-insurer-s-view/ Fri, 14 Dec 2012 00:52:00 +0000 http://www.commercialriskeurope.com/cre/1895/15/International-programs-fronting-and-collateral---the-insurer-s-view/ http://www.commercialriskeurope.com/cre/1894/15/Airmic-global-database-for-international-programmes-moves-ahead/ A second Request for Proposal (RfP) for companies interested in the creation of a global database of international insurance requirements has been issued by Airmic. The UK's risk and insurance management association hopes that the project can be completed by... Fri, 14 Dec 2012 00:47:00 +0000 http://www.commercialriskeurope.com/cre/1894/15/Airmic-global-database-for-international-programmes-moves-ahead/ http://www.commercialriskeurope.com/cre/1893/15/Round-up-of-insurance-laws-and-regulations-in-Qatar/ Fri, 14 Dec 2012 00:39:00 +0000 http://www.commercialriskeurope.com/cre/1893/15/Round-up-of-insurance-laws-and-regulations-in-Qatar/ http://www.commercialriskeurope.com/cre/1892/15/Editor-s-comment---Risk-managers-Xmas-list-for-Santa/ December is here, snow may be on its way for some of us, and the Festive Season is fast approaching. And at this time of recession, financial crisis and economic difficulties, we mustn't forget what Christmas is really about (final... Fri, 14 Dec 2012 00:35:00 +0000 http://www.commercialriskeurope.com/cre/1892/15/Editor-s-comment---Risk-managers-Xmas-list-for-Santa/ http://www.commercialriskeurope.com/cre/1891/15/Tax-and-regulatory-news/ New insurance premium tax regime for Hungary, Qatar to set up single regulatory authority, Dutch IPT plans change again, Guernsey's zero-10 regime approved by the EU, Germany changes IPT compliance regime, Italy joins IAIS' information exchange agreement, Global tax changes... Fri, 14 Dec 2012 00:25:00 +0000 http://www.commercialriskeurope.com/cre/1891/15/Tax-and-regulatory-news/ http://www.commercialriskeurope.com/cre/1890/15/News-in-brief/ Colombian insurance industry thriving, says AM Best, broker consolidation in Australia, Canada and South Africa, Chartis Europe changes name back to AIG Europe, insurers call for 'minimum harmonisation' approach to nat cats, time running out for flood agreement, says S&P... Fri, 14 Dec 2012 00:06:00 +0000 http://www.commercialriskeurope.com/cre/1890/15/News-in-brief/ http://www.commercialriskeurope.com/cre/1889/15/Brazil-market-report---Going-for-gold/ Brazil has been hitting the headlines recently, not least because it will host the next Olympic Games as well as the next World Cup. The fact that its economy moved into sixth place globally in terms of GDP, ahead of... Thu, 13 Dec 2012 23:09:00 +0000 http://www.commercialriskeurope.com/cre/1889/15/Brazil-market-report---Going-for-gold/ http://www.commercialriskeurope.com/cre/1888/15/Martin-Strnad---Essential-ingredients-for-a-global-non-admitted-insurance-business-data-base/ The focus on legal, regulatory and tax requirements for doing insurance business abroad is increasing all the time. In particular, tax requirements in many countries around the globe seem to be enforced in a much stricter way than maybe a... Thu, 13 Dec 2012 22:42:00 +0000 http://www.commercialriskeurope.com/cre/1888/15/Martin-Strnad---Essential-ingredients-for-a-global-non-admitted-insurance-business-data-base/ http://www.commercialriskeurope.com/cre/1886/15/Swiss-risk-managers-reject-contract-law/ Swiss risk managers are unhappy about a total revision of their Insurance Contract Law and hope that certain changes will not come into force after all. “The introduction of the direct legal claim in liability insurance can become a real... Wed, 12 Dec 2012 12:05:00 +0000 http://www.commercialriskeurope.com/cre/1886/15/Swiss-risk-managers-reject-contract-law/ http://www.commercialriskeurope.com/cre/1887/15/Everyday-risk-and-black-swans-share-platform-at-Sirm-meeting/ Wed, 12 Dec 2012 11:08:00 +0000 http://www.commercialriskeurope.com/cre/1887/15/Everyday-risk-and-black-swans-share-platform-at-Sirm-meeting/ http://www.commercialriskeurope.com/cre/1885/15/Financial-risks-top-list-in-Poland-where-risk-management-standards-are-set-for-uplift/ Polish risk managers are worried about the economic crisis and the financial risks involved for their companies as credit risk grows, leading lights told Commercial Risk Europe at Polrisk’s annual meeting last month. According to Lukasz Góralczyk, Risk Manager at... Wed, 12 Dec 2012 11:01:00 +0000 http://www.commercialriskeurope.com/cre/1885/15/Financial-risks-top-list-in-Poland-where-risk-management-standards-are-set-for-uplift/ http://www.commercialriskeurope.com/cre/1884/15/Facing-up-to-the-future-comment/ Wed, 12 Dec 2012 10:56:00 +0000 http://www.commercialriskeurope.com/cre/1884/15/Facing-up-to-the-future-comment/ http://www.commercialriskeurope.com/cre/1882/15/Conference-hears-call-for-highest-level-involvement/ The Institute of Risk Management’s (IRM) 2012 Risk Leaders’ Conference took place on November 20 in London with a focus on the management of risk at board level. Tom Bovingdon reports for CRE from the event, hosted by the global... Wed, 12 Dec 2012 10:44:00 +0000 http://www.commercialriskeurope.com/cre/1882/15/Conference-hears-call-for-highest-level-involvement/ http://www.commercialriskeurope.com/cre/1879/15/Ferma-says-no-to-shared-EU-environmental-liability-fund/ Thu, 06 Dec 2012 10:45:00 +0000 http://www.commercialriskeurope.com/cre/1879/15/Ferma-says-no-to-shared-EU-environmental-liability-fund/ http://www.commercialriskeurope.com/cre/1878/15/Supply-chain-cover-not-up-to-scratch-finds-Airmic-study/ Risk and insurance managers are not buying coverage that protects companies against supply chain disruption beyond standard property and business interruption cover because the existing products simply do not meet their needs, according to a new report from Airmic. In... Thu, 06 Dec 2012 10:40:00 +0000 http://www.commercialriskeurope.com/cre/1878/15/Supply-chain-cover-not-up-to-scratch-finds-Airmic-study/ http://www.commercialriskeurope.com/cre/1874/15/Willis-UK-CEO-departs-as-broker-announces-key-changes-to-European-operations/ Willis International has split its continental European operations into two distinct regions-western Europe and central and eastern Europe-and appointed Alberto Gallego and Scott Pickering as CEOs of the new entities. The announcement comes in a week when news broke that... Thu, 06 Dec 2012 10:39:00 +0000 http://www.commercialriskeurope.com/cre/1874/15/Willis-UK-CEO-departs-as-broker-announces-key-changes-to-European-operations/ http://www.commercialriskeurope.com/cre/1877/15/Regulation-creating-dramatic-uncertainty---AMRAE/ Thu, 06 Dec 2012 10:34:00 +0000 http://www.commercialriskeurope.com/cre/1877/15/Regulation-creating-dramatic-uncertainty---AMRAE/ http://www.commercialriskeurope.com/cre/1875/15/Mega-Monday-offers-risk-and-reward-for-online-retailers/ As consumers began their Christmas shopping in earnest this week internet sales burst into life as the UK's Mega Monday signaled the busiest online retail day of the year with spending estimated to have neared half a billion pounds. For... Thu, 06 Dec 2012 10:33:00 +0000 http://www.commercialriskeurope.com/cre/1875/15/Mega-Monday-offers-risk-and-reward-for-online-retailers/ http://www.commercialriskeurope.com/cre/1881/15/Munich-Re-steps-further-into-brave-new-world-of-offshore-wind/ Munich Re is getting braver when it comes to insuring offshore wind parks. It claims that via its specialist primary insurer, Great Lakes UK, it is the first company offering protection against serial losses for manufacturers of offshore wind energy... Thu, 06 Dec 2012 10:32:00 +0000 http://www.commercialriskeurope.com/cre/1881/15/Munich-Re-steps-further-into-brave-new-world-of-offshore-wind/ http://www.commercialriskeurope.com/cre/1880/15/Corporate-round-up/ Willis and Hay Group team up to bolster global employee benefits and HR offerings, Crown Dependencies meet with UK officials over new tax evasion rules, Novae to appoint Charles Fry as CFO and executive director, Aon's new Birmingham office is... Thu, 06 Dec 2012 10:31:00 +0000 http://www.commercialriskeurope.com/cre/1880/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1876/15/Enisa-claims-cooperation-is-critical-in-war-against-cybercrime/ Thu, 06 Dec 2012 10:29:00 +0000 http://www.commercialriskeurope.com/cre/1876/15/Enisa-claims-cooperation-is-critical-in-war-against-cybercrime/ http://www.commercialriskeurope.com/cre/1873/15/Big-changes-at-Marsh-s-international-division-as-Piccolomini-named-CEO-of-extended-European-region/ Thu, 29 Nov 2012 14:15:00 +0000 http://www.commercialriskeurope.com/cre/1873/15/Big-changes-at-Marsh-s-international-division-as-Piccolomini-named-CEO-of-extended-European-region/ http://www.commercialriskeurope.com/cre/1872/15/Greimel-to-stand-down-at-DVS/ There will be wide-ranging changes to the leadership and management of the German Risk Managers' Association Deutscher Versicherungs-Schutzverband (DVS) next year as Klaus Greimel, Chairman of the committee, has announced he will not stand for re-election at DVS' general meeting... Thu, 29 Nov 2012 14:12:00 +0000 http://www.commercialriskeurope.com/cre/1872/15/Greimel-to-stand-down-at-DVS/ http://www.commercialriskeurope.com/cre/1871/15/Ferma-survey-suggests-lack-of-ERM-to-meet-cyber-threats/ Information security and privacy is a growing concern for the vast majority of European companies yet less than half have actually increased their budget to manage the risks around these critical areas and less than a fifth of companies have... Thu, 29 Nov 2012 14:09:00 +0000 http://www.commercialriskeurope.com/cre/1871/15/Ferma-survey-suggests-lack-of-ERM-to-meet-cyber-threats/ http://www.commercialriskeurope.com/cre/1863/15/AIR-significantly-raises-Sandy-insured-loss-estimates-up-to-22bn-as-costs-mount/ Thu, 29 Nov 2012 14:06:00 +0000 http://www.commercialriskeurope.com/cre/1863/15/AIR-significantly-raises-Sandy-insured-loss-estimates-up-to-22bn-as-costs-mount/ http://www.commercialriskeurope.com/cre/1869/15/New-risks-new-transfer-conundrums-for-Spanish-buyers---Igrea/ The need for Spanish companies to understand and get to grips with risks in new markets whilst at the same time devising ways to reduce transfer costs dominated debate during the latest Spanish renewals meeting organised by Igrea, Spain's association... Thu, 29 Nov 2012 13:55:00 +0000 http://www.commercialriskeurope.com/cre/1869/15/New-risks-new-transfer-conundrums-for-Spanish-buyers---Igrea/ http://www.commercialriskeurope.com/cre/1862/15/Germany-s-50bn-cyber-cost-necessitates-specialist-cover-says-broker/ Germany's internal secret service Verfassungsschutz's estimate that cyber attacks cost the country €50bn annually should come as a concern to risk managers and their companies, Sven Erichsen, General Manager of Aon Deutschland told Commercial Risk Europe. Mr Erichsen, who recently... Thu, 29 Nov 2012 13:48:00 +0000 http://www.commercialriskeurope.com/cre/1862/15/Germany-s-50bn-cyber-cost-necessitates-specialist-cover-says-broker/ http://www.commercialriskeurope.com/cre/1868/15/S-P-rating-criteria-change-will-spark-downgrades-and-upgrades---Litmus/ Thu, 29 Nov 2012 13:47:00 +0000 http://www.commercialriskeurope.com/cre/1868/15/S-P-rating-criteria-change-will-spark-downgrades-and-upgrades---Litmus/ http://www.commercialriskeurope.com/cre/1867/15/Fitch-claims-risk-pool-is-most-likely-solution-to-UK-flood-insurance-crisis/ As the UK counted the cost of further substantial flooding this week, Fitch Ratings, the credit rating agency, stated that it believes the most likely solution to the provision of insurance coverage in high-flood-risk areas of the UK is the... Thu, 29 Nov 2012 13:44:00 +0000 http://www.commercialriskeurope.com/cre/1867/15/Fitch-claims-risk-pool-is-most-likely-solution-to-UK-flood-insurance-crisis/ http://www.commercialriskeurope.com/cre/1866/15/European-companies-fear-rise-in-business-travel-risk-and-non-compliant-cover/ Thu, 29 Nov 2012 13:20:00 +0000 http://www.commercialriskeurope.com/cre/1866/15/European-companies-fear-rise-in-business-travel-risk-and-non-compliant-cover/ http://www.commercialriskeurope.com/cre/1870/15/Corporate-round-up/ Thu, 29 Nov 2012 13:20:00 +0000 http://www.commercialriskeurope.com/cre/1870/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1865/15/Regulation-compliance-and-network-security-will-drive-management-liability-costs/ Management liability and professional lines insurance buyers should prepare for rate increases in 2013 sparked by rising concern over the expanded scope of regulation, escalating costs of compliance and new risks from privacy violations and breaches of network security, according... Thu, 29 Nov 2012 13:10:00 +0000 http://www.commercialriskeurope.com/cre/1865/15/Regulation-compliance-and-network-security-will-drive-management-liability-costs/ http://www.commercialriskeurope.com/cre/1861/15/Kidnap-threat-grows-as-European-economic-woes-continue/ Thu, 29 Nov 2012 13:09:00 +0000 http://www.commercialriskeurope.com/cre/1861/15/Kidnap-threat-grows-as-European-economic-woes-continue/ http://www.commercialriskeurope.com/cre/1864/15/Munich-Re-enters-partnership-with-Microsoft-to-meet-cloud-computing-risk/ Munich Re has entered into a strategic partnership with Microsoft to find answers to cyber risks resulting from use of commercial cloud computing services and this week warned that cyber threats pose a mounting challenge for companies, threatening a loss... Thu, 29 Nov 2012 13:06:00 +0000 http://www.commercialriskeurope.com/cre/1864/15/Munich-Re-enters-partnership-with-Microsoft-to-meet-cloud-computing-risk/ http://www.commercialriskeurope.com/cre/1860/15/Ferma-urged-not-to-reinvent-the-wheel-on-certification-as-RMIA-offers-hand/ Grant Whitehorn, President of the Risk Management Institution of Australasia (RMIA), has urged Ferma not to reinvent the wheel as they push ahead with the creation of a pan-European certification or accreditation scheme for risk managers and said they should... Wed, 28 Nov 2012 13:35:00 +0000 http://www.commercialriskeurope.com/cre/1860/15/Ferma-urged-not-to-reinvent-the-wheel-on-certification-as-RMIA-offers-hand/ http://www.commercialriskeurope.com/cre/1859/15/Risk-managers-must-remove-blinkers-to-overcome-fragile-systems/ For far too long risk professionals have overly focused on frameworks and processes that build fragile risk management systems and do not treat the full range of risks, Lucienne Layton, CCP Fellow and governance, risk and compliance (GRC) expert told... Wed, 28 Nov 2012 13:32:00 +0000 http://www.commercialriskeurope.com/cre/1859/15/Risk-managers-must-remove-blinkers-to-overcome-fragile-systems/ http://www.commercialriskeurope.com/cre/1856/15/Tsunami-of-regulation-on-the-horizon-for-risk-professionals/ Risk, governance and compliance professionals will have to deal with an ever-expanding raft of regulations as authorities look to stamp down on corruption and deal with the underlying cultural issues that contributed to the global financial crisis, warned a financial... Wed, 28 Nov 2012 13:11:00 +0000 http://www.commercialriskeurope.com/cre/1856/15/Tsunami-of-regulation-on-the-horizon-for-risk-professionals/ http://www.commercialriskeurope.com/cre/1857/15/Risk-owners-should-be-forced-to-stand-on-their-own-two-feet/ Wed, 28 Nov 2012 13:10:00 +0000 http://www.commercialriskeurope.com/cre/1857/15/Risk-owners-should-be-forced-to-stand-on-their-own-two-feet/ http://www.commercialriskeurope.com/cre/1858/15/Risk-managers-must-shine-light-on-regulatory-group-risk/ Risk and compliance professionals must shed light upon, interpret and demystify international regulations when they are rolled out through multinational organisations, according to a leading expert with a track record of such feats. Keith Jackson, Chief Group Officer at Towergate... Wed, 28 Nov 2012 13:08:00 +0000 http://www.commercialriskeurope.com/cre/1858/15/Risk-managers-must-shine-light-on-regulatory-group-risk/ http://www.commercialriskeurope.com/cre/1318/15/Firms-in-Asia-underinsuring-assets-warns-report/ Telecommunications, energy and petrochemical companies are underinsuring their industrial assets in Asia by an average of 30%, and by up to 60%, warns a report published by Marsh and John Foord, an industrial asset valuation firm. This is significantly reducing... Wed, 04 Apr 2012 12:04:00 +0100 http://www.commercialriskeurope.com/cre/1318/15/Firms-in-Asia-underinsuring-assets-warns-report/ http://www.commercialriskeurope.com/cre/1276/15/Insurers-Get-your-thinking-caps-on/ Mon, 12 Mar 2012 11:49:00 +0000 http://www.commercialriskeurope.com/cre/1276/15/Insurers-Get-your-thinking-caps-on/ http://www.commercialriskeurope.com/cre/927/15/Solvency-II-French-insurers-turn-focus-to-governance/ Thu, 15 Sep 2011 08:01:00 +0100 http://www.commercialriskeurope.com/cre/927/15/Solvency-II-French-insurers-turn-focus-to-governance/ http://www.commercialriskeurope.com/cre/824/15/Compliance-departments-under-pressure-as-scandals-mount/ Fri, 01 Jul 2011 10:39:00 +0100 http://www.commercialriskeurope.com/cre/824/15/Compliance-departments-under-pressure-as-scandals-mount/