http://cre.applejack.co.uk Commercial Risk Europe News Feed Commercial Risk Europe CGFeedMaker 1.0.14 on CMS Made Simple hfoster@commercialriskeurope.com mail@applejack.co.uk ( ) http://www.commercialriskeurope.com/cre/1410/15/Innovation-debate-hots-up-as-JLT-launches-intangible-package/ As pressure from risk managers across Europe for the insurance industry to react faster, bolder and with more imagination to their rapidly evolving risks rises to boiling point, one broker at least has made a timely effort to bridge the... Thu, 17 May 2012 13:23:00 +0100 http://www.commercialriskeurope.com/cre/1410/15/Innovation-debate-hots-up-as-JLT-launches-intangible-package/ http://www.commercialriskeurope.com/cre/1409/15/New-Risk-Framework-proves-every-cloud-has-a-risky-lining/ The anticipated adoption of cloud computing by business could be hampered by a failure to properly understand and address the risks involved. This is the view of a consortium of risk, insurance, legal and technology advisers led by insurance broker... Thu, 17 May 2012 12:01:00 +0100 http://www.commercialriskeurope.com/cre/1409/15/New-Risk-Framework-proves-every-cloud-has-a-risky-lining/ http://www.commercialriskeurope.com/cre/1408/15/Guernsey-made-right-decision-to-avoid-disproportionate-demands-of-SII-Aon/ Guernsey’s decision not to apply for equivalence under Solvency II is having a positive impact on its status as the leading European offshore captive destination because the capital adequacy regime still does not reflect the needs of, and proportionate risk... Thu, 17 May 2012 11:56:00 +0100 http://www.commercialriskeurope.com/cre/1408/15/Guernsey-made-right-decision-to-avoid-disproportionate-demands-of-SII-Aon/ http://www.commercialriskeurope.com/cre/1407/15/UK-business-expects-cyber-attacks-to-increase-despite-government-plans/ Despite the launch of the UK government’s Cyber Security Strategy last November, 85% of business surveyed by IT security firm BAE Systems Detica believes there will be an escalation in cyber attacks over the next few years. Confidence in preventing... Thu, 17 May 2012 11:51:00 +0100 http://www.commercialriskeurope.com/cre/1407/15/UK-business-expects-cyber-attacks-to-increase-despite-government-plans/ http://www.commercialriskeurope.com/cre/1406/15/French-Mediator-drug-scandal-reaches-court-with-insurers-keeping-close-watch/ Thu, 17 May 2012 11:42:00 +0100 http://www.commercialriskeurope.com/cre/1406/15/French-Mediator-drug-scandal-reaches-court-with-insurers-keeping-close-watch/ http://www.commercialriskeurope.com/cre/1405/15/Corporate-round-up/ ACE launches global mapping tool to help clients evaluate catastrophe and supply chain exposures, Guernsey Finance to appoint Le Poidevin as CEO from July, DUAL Group to open Singapore branch, QBE offers new e-trading Professional Indemnity Combined product to SMEs... Thu, 17 May 2012 11:33:00 +0100 http://www.commercialriskeurope.com/cre/1405/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1404/15/Sustainable-policies-boost-risk-management-at-financial-firms-says-think-tank/ Thu, 17 May 2012 11:30:00 +0100 http://www.commercialriskeurope.com/cre/1404/15/Sustainable-policies-boost-risk-management-at-financial-firms-says-think-tank/ http://www.commercialriskeurope.com/cre/1403/15/Risk-transfer-industry-must-better-prepare-for-intangible-asset-losses-JLT/ Thu, 17 May 2012 11:25:00 +0100 http://www.commercialriskeurope.com/cre/1403/15/Risk-transfer-industry-must-better-prepare-for-intangible-asset-losses-JLT/ http://www.commercialriskeurope.com/cre/1402/15/Cat-bond-market-issued-record-1-3bn-in-Q1-but-upward-pressure-on-pricing/ Thu, 17 May 2012 11:12:00 +0100 http://www.commercialriskeurope.com/cre/1402/15/Cat-bond-market-issued-record-1-3bn-in-Q1-but-upward-pressure-on-pricing/ http://www.commercialriskeurope.com/cre/1401/15/IOR-elects-new-council-members-and-include-first-international-representative/ Thu, 17 May 2012 11:08:00 +0100 http://www.commercialriskeurope.com/cre/1401/15/IOR-elects-new-council-members-and-include-first-international-representative/ http://www.commercialriskeurope.com/cre/1400/15/Time-to-end-the-deadlock-on-CBI-says-DVS-commitee/ The 2011 floods that hit Thailand had enormous repercussions and led to heated debates in Germany and the rest of Europe between insurers and reinsurers over contingent business interruption. The discussion resurfaced during this year’s annual meeting of the German... Thu, 10 May 2012 11:52:00 +0100 http://www.commercialriskeurope.com/cre/1400/15/Time-to-end-the-deadlock-on-CBI-says-DVS-commitee/ http://www.commercialriskeurope.com/cre/1398/15/German-risk-managers-unhappy-with-cyber-products-on-offer/ Cyber cover leaves a lot to be desired, say German risk managers, with the development of standalone policies not universally popular. “The trend towards standalone policies in the German market is not ideal,” remarked one risk manager from a German... Thu, 10 May 2012 11:43:00 +0100 http://www.commercialriskeurope.com/cre/1398/15/German-risk-managers-unhappy-with-cyber-products-on-offer/ http://www.commercialriskeurope.com/cre/1396/15/EC-concerned-by-rise-of-protectionism-in-Latin-America/ Thu, 10 May 2012 11:41:00 +0100 http://www.commercialriskeurope.com/cre/1396/15/EC-concerned-by-rise-of-protectionism-in-Latin-America/ http://www.commercialriskeurope.com/cre/1399/15/IGREA-launches-good-practice-guide-to-help-avoid-claims-conflict-in-Spain/ Thu, 10 May 2012 11:40:00 +0100 http://www.commercialriskeurope.com/cre/1399/15/IGREA-launches-good-practice-guide-to-help-avoid-claims-conflict-in-Spain/ http://www.commercialriskeurope.com/cre/1395/15/Insurers-expect-further-delay-to-Solvency-II-start-date/ According to a survey by Barnett Waddingham, the actuary and consultancy firm, over three quarters of insurance companies believe that Solvency II will be further delayed beyond its planned implementation date. More than half said they are behind schedule with... Thu, 10 May 2012 11:39:00 +0100 http://www.commercialriskeurope.com/cre/1395/15/Insurers-expect-further-delay-to-Solvency-II-start-date/ http://www.commercialriskeurope.com/cre/1394/15/Lloyd-s-plans-expansion-into-German-D-O-market-with-Dual-Deutschland/ Thu, 10 May 2012 11:29:00 +0100 http://www.commercialriskeurope.com/cre/1394/15/Lloyd-s-plans-expansion-into-German-D-O-market-with-Dual-Deutschland/ http://www.commercialriskeurope.com/cre/1397/15/Is-Nero-at-it-again--comment/ St Gallen is a pleasant and sleepy town that is the capital of eastern Switzerland and host to the University of St Gallen, one of the Europe’s leading business universities and one with a rare focus on risk. But while... Thu, 10 May 2012 11:27:00 +0100 http://www.commercialriskeurope.com/cre/1397/15/Is-Nero-at-it-again--comment/ http://www.commercialriskeurope.com/cre/1393/15/Corporate-round-up/ Thu, 10 May 2012 11:15:00 +0100 http://www.commercialriskeurope.com/cre/1393/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1392/15/Fluid-capital-may-curtail-hard-market-but-brings-risks-for-mutuals/ Thu, 10 May 2012 11:11:00 +0100 http://www.commercialriskeurope.com/cre/1392/15/Fluid-capital-may-curtail-hard-market-but-brings-risks-for-mutuals/ http://www.commercialriskeurope.com/cre/1391/15/Fitch-expects-July-rate-rises-to-be-limited/ Fitch has said that it expects price rises in the upcoming July reinsurance renewals to be limited and restricted to loss-affected sectors and geographies. The rating agency added that it would take an insured loss of more than $50bn to... Thu, 10 May 2012 11:09:00 +0100 http://www.commercialriskeurope.com/cre/1391/15/Fitch-expects-July-rate-rises-to-be-limited/ http://www.commercialriskeurope.com/cre/1390/15/US-losses-upwards-of-1bn-in-April-Aon-Benfield/ Thu, 10 May 2012 10:59:00 +0100 http://www.commercialriskeurope.com/cre/1390/15/US-losses-upwards-of-1bn-in-April-Aon-Benfield/ http://www.commercialriskeurope.com/cre/1389/15/Vast-potential-in-Brazil-continues-to-draw-foreign-insurers-despite-ferocious-regulator-s-reputation/ To understand why reinsurance and insurance companies have set their sights on Brazil despite the country’s fiendish regulations, one just has to take a look at the values involved in the exploration of their vast and mostly untapped oil and... Tue, 08 May 2012 14:58:00 +0100 http://www.commercialriskeurope.com/cre/1389/15/Vast-potential-in-Brazil-continues-to-draw-foreign-insurers-despite-ferocious-regulator-s-reputation/ http://www.commercialriskeurope.com/cre/1388/15/Rates-tumble-after-liberalisation-but-product-innovation-still-low/ Tue, 08 May 2012 14:48:00 +0100 http://www.commercialriskeurope.com/cre/1388/15/Rates-tumble-after-liberalisation-but-product-innovation-still-low/ http://www.commercialriskeurope.com/cre/1387/15/Supply-chain-out-of-control-comment/ It really should come as no surprise to any readers that supply chain risk will be the hot topic of debate at the Malta International Risk & Insurance Congress that we have organised on May 24 and 25 in Valetta... Tue, 08 May 2012 14:44:00 +0100 http://www.commercialriskeurope.com/cre/1387/15/Supply-chain-out-of-control-comment/ http://www.commercialriskeurope.com/cre/1385/15/In-search-of-certainty/ If there is such a thing as a buzzword for Solvency II, it surely must be ‘uncertainty’. Many in the re/insurance sector might have much stronger words to describe the whole Solvency II process, given the amount of time and... Tue, 08 May 2012 14:30:00 +0100 http://www.commercialriskeurope.com/cre/1385/15/In-search-of-certainty/ http://www.commercialriskeurope.com/cre/1384/15/Outlook-for-captives-improves-as-Brussels-keeps-quiet/ Tue, 08 May 2012 14:22:00 +0100 http://www.commercialriskeurope.com/cre/1384/15/Outlook-for-captives-improves-as-Brussels-keeps-quiet/ http://www.commercialriskeurope.com/cre/1383/15/The-big-question-for-domiciles-in-or-out/ Tue, 08 May 2012 13:13:00 +0100 http://www.commercialriskeurope.com/cre/1383/15/The-big-question-for-domiciles-in-or-out/ http://www.commercialriskeurope.com/cre/1382/15/Captive-statistics/ Figures on captives are notoriously difficult to collate. While most domiciles publish details of numbers of captive licences issued, the problem is that the domiciles have different definitions of what a captive constitutes. Others simply do not officially reveal how... Tue, 08 May 2012 13:07:00 +0100 http://www.commercialriskeurope.com/cre/1382/15/Captive-statistics/ http://www.commercialriskeurope.com/cre/1381/15/Let-the-people-speak/ Tue, 08 May 2012 13:03:00 +0100 http://www.commercialriskeurope.com/cre/1381/15/Let-the-people-speak/ http://www.commercialriskeurope.com/cre/1380/15/A-fine-balancing-act-Portugal/ Portuguese companies are currently grappling with a severe economic slump at home while simultaneously trying to expand their presence in international markets. The twin challenges create plenty of work for risk managers that have had to tackle thorny issues such... Tue, 08 May 2012 12:51:00 +0100 http://www.commercialriskeurope.com/cre/1380/15/A-fine-balancing-act-Portugal/ http://www.commercialriskeurope.com/cre/1379/15/Risk-professionals-must-adapt-out-of-date-approaches-to-maintain-progress/ The world is rapidly changing and old approaches to risk management may no longer be appropriate, Steve Fowler, Chief Executive of the Institute of Risk Management (IRM) told delegates at his organisation’s annual conference last month. Risk professionals must therefore... Tue, 08 May 2012 12:42:00 +0100 http://www.commercialriskeurope.com/cre/1379/15/Risk-professionals-must-adapt-out-of-date-approaches-to-maintain-progress/ http://www.commercialriskeurope.com/cre/1378/15/Risk-managers-may-become-obsolete-as-risk-culture-spreads-say-IRM-experts/ Thu, 03 May 2012 11:29:00 +0100 http://www.commercialriskeurope.com/cre/1378/15/Risk-managers-may-become-obsolete-as-risk-culture-spreads-say-IRM-experts/ http://www.commercialriskeurope.com/cre/1376/15/Multinational-business-leads-growth-as-brokers-report-mixed-first-quarter/ Thu, 03 May 2012 10:06:00 +0100 http://www.commercialriskeurope.com/cre/1376/15/Multinational-business-leads-growth-as-brokers-report-mixed-first-quarter/ http://www.commercialriskeurope.com/cre/1375/15/Strategic-thinking-and-challenging-top-management-key-to-bright-future-IRM/ Thu, 03 May 2012 09:43:00 +0100 http://www.commercialriskeurope.com/cre/1375/15/Strategic-thinking-and-challenging-top-management-key-to-bright-future-IRM/ http://www.commercialriskeurope.com/cre/1374/15/Reinsurers-exposed-to-further-cat-losses-despite-improving-rates-says-Fitch/ Thu, 03 May 2012 09:36:00 +0100 http://www.commercialriskeurope.com/cre/1374/15/Reinsurers-exposed-to-further-cat-losses-despite-improving-rates-says-Fitch/ http://www.commercialriskeurope.com/cre/1372/15/Canopius-to-acquire-Omega-and-form-partnership-with-Tower-Group/ Thu, 03 May 2012 09:28:00 +0100 http://www.commercialriskeurope.com/cre/1372/15/Canopius-to-acquire-Omega-and-form-partnership-with-Tower-Group/ http://www.commercialriskeurope.com/cre/1377/15/Asian-rates-up-at-April-reinsurance-renewals-with-tougher-terms-for-BI/ Thu, 03 May 2012 09:26:00 +0100 http://www.commercialriskeurope.com/cre/1377/15/Asian-rates-up-at-April-reinsurance-renewals-with-tougher-terms-for-BI/ http://www.commercialriskeurope.com/cre/1373/15/Corporate-round-up/ Beazley to establish European political risk team in Paris, Marsh to sell part of Gibbs Hartley Cooper to R K Harrison, ACE appoints Jeremy Cole as Risk Control Manager in UK and Ireland Casualty Risk Engineering Department and Joan Lanzagorta... Thu, 03 May 2012 09:25:00 +0100 http://www.commercialriskeurope.com/cre/1373/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1371/15/Australasian-risk-management-standards-rise-but-room-for-improvement/ While only 5% of respondents to a survey conducted at the Risk Management Institution of Australasia’s (RMIA) 2011 annual conference rated their risk management processes as best practice, 80% said they were between average to approaching best practice, up 11%... Thu, 03 May 2012 09:13:00 +0100 http://www.commercialriskeurope.com/cre/1371/15/Australasian-risk-management-standards-rise-but-room-for-improvement/ http://www.commercialriskeurope.com/cre/1370/15/Heavy-UK-flooding-must-prompt-mitigation-rethink-FM-Global/ Thu, 03 May 2012 09:07:00 +0100 http://www.commercialriskeurope.com/cre/1370/15/Heavy-UK-flooding-must-prompt-mitigation-rethink-FM-Global/ http://www.commercialriskeurope.com/cre/1369/15/German-court-ruling-threatens-D-O-policies/ German managers are in danger of losing their D&O cover that protects them from financial claims because of breach of duty. This is because the Federal Supreme Court ruled on September 21, 2011 (Az IV ZR 38/09) that insurers have... Fri, 27 Apr 2012 09:39:00 +0100 http://www.commercialriskeurope.com/cre/1369/15/German-court-ruling-threatens-D-O-policies/ http://www.commercialriskeurope.com/cre/1367/15/No-evidence-for-deregulation-of-UK-health-and-safety-law-as-second-review-announced/ Fri, 27 Apr 2012 09:36:00 +0100 http://www.commercialriskeurope.com/cre/1367/15/No-evidence-for-deregulation-of-UK-health-and-safety-law-as-second-review-announced/ http://www.commercialriskeurope.com/cre/1366/15/EU-to-create-risk-committee-to-encourage-risk-based-regulation/ Fri, 27 Apr 2012 09:26:00 +0100 http://www.commercialriskeurope.com/cre/1366/15/EU-to-create-risk-committee-to-encourage-risk-based-regulation/ http://www.commercialriskeurope.com/cre/1365/15/Risk-managers-at-financial-institutions-make-board-level-breakthrough/ Risk managers in the Financial Institutions sector across Europe, the Middle East and Africa (EMEA) have become more recognised and accepted in their organisations as a result of the financial crisis, according to a new survey by Marsh. Around 68%... Fri, 27 Apr 2012 09:21:00 +0100 http://www.commercialriskeurope.com/cre/1365/15/Risk-managers-at-financial-institutions-make-board-level-breakthrough/ http://www.commercialriskeurope.com/cre/1364/15/Credit-risk-on-the-rise-as-Spanish-economy-struggles-says-study/ Fri, 27 Apr 2012 09:16:00 +0100 http://www.commercialriskeurope.com/cre/1364/15/Credit-risk-on-the-rise-as-Spanish-economy-struggles-says-study/ http://www.commercialriskeurope.com/cre/1363/15/Threat-to-business-from-terrorism-and-political-violence-continues-to-rise/ The global threat to business from terrorism and political violence continues to rise, according to Aon’s Terrorism & Political Violence Map 2012. The broker said that the threat had increased in 37 countries, mainly due to increasing unrest in Europe, the... Fri, 27 Apr 2012 09:11:00 +0100 http://www.commercialriskeurope.com/cre/1363/15/Threat-to-business-from-terrorism-and-political-violence-continues-to-rise/ http://www.commercialriskeurope.com/cre/1368/15/Global-supply-chains-still-at-risk-with-lessons-not-learnt-warns-Marsh/ Despite last year’s devastating run of catastrophic events that caused huge business interruption across the world many organisations have failed to learn lessons and remain unprepared for, and vulnerable to, supply chain disruption, warns a Marsh report. They lack knowledge... Fri, 27 Apr 2012 09:10:00 +0100 http://www.commercialriskeurope.com/cre/1368/15/Global-supply-chains-still-at-risk-with-lessons-not-learnt-warns-Marsh/ http://www.commercialriskeurope.com/cre/1362/15/Beware-ninja-trends-and-infobesity-warns-trendspotting-futurist/ Risk managers must be aware of the opportunities and risks associated with ‘ninja trends’ that develop so slowly over a period of time they become practically invisible to the onlooker, a futurologist told the Institute of Risk Management’s conference in... Fri, 27 Apr 2012 09:04:00 +0100 http://www.commercialriskeurope.com/cre/1362/15/Beware-ninja-trends-and-infobesity-warns-trendspotting-futurist/ http://www.commercialriskeurope.com/cre/1361/15/Corporate-round-up/ QBE appoints Richard Pryce as Deputy CEO of its European business and expands risk management team, Beazley launches international data breach product to speed up response and minimise damage, Catlin Beijing office approved, Chartis appoints new UK Head of Casualty, Willis strengthens its international... Fri, 27 Apr 2012 08:57:00 +0100 http://www.commercialriskeurope.com/cre/1361/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1360/15/Lords-risk-select-committee-needed-to-drive-agenda-says-academic/ Fri, 27 Apr 2012 08:48:00 +0100 http://www.commercialriskeurope.com/cre/1360/15/Lords-risk-select-committee-needed-to-drive-agenda-says-academic/ http://www.commercialriskeurope.com/cre/1359/15/New-working-group-looks-to-develop-minimum-conditions-for-cyber-cover/ NCC Group, an information assurance firm, has established a working group to ‘lead the march’ towards a minimum security standard for the placement of cyber insurance, supported by insurers Zurich, CNA Europe, Liberty and insurance broker Oval. There is currently... Thu, 19 Apr 2012 11:01:00 +0100 http://www.commercialriskeurope.com/cre/1359/15/New-working-group-looks-to-develop-minimum-conditions-for-cyber-cover/ http://www.commercialriskeurope.com/cre/1356/15/AIR-develops-new-CBI-modelling-tool-for-risk-managers/ AIR is expanding its suite of Catastrophe Risk Engineering (CRE) solutions to help risk managers better understand and manage global supply chain risk from catastrophic perils. As well as providing better insight into physical damage risks, AIR said the new... Thu, 19 Apr 2012 11:00:00 +0100 http://www.commercialriskeurope.com/cre/1356/15/AIR-develops-new-CBI-modelling-tool-for-risk-managers/ http://www.commercialriskeurope.com/cre/1355/15/Co-insurance-creates-risks-for-industry-in-Brazil-experts-warn/ Thu, 19 Apr 2012 10:57:00 +0100 http://www.commercialriskeurope.com/cre/1355/15/Co-insurance-creates-risks-for-industry-in-Brazil-experts-warn/ http://www.commercialriskeurope.com/cre/1358/15/Evonik-fire-sparks-fresh-supply-chain-fears-as-RIMS-gathers/ As the US risk management industry gathered for its annual RIMS conference this week a recent explosion at a German chemicals factory provided a key talking point and once again underlined the vulnerability of the global economy and supply chain... Thu, 19 Apr 2012 10:54:00 +0100 http://www.commercialriskeurope.com/cre/1358/15/Evonik-fire-sparks-fresh-supply-chain-fears-as-RIMS-gathers/ http://www.commercialriskeurope.com/cre/1353/15/Potential-softening-in-2012-for-stable-but-fragile-energy-market-reports-Willis/ Thu, 19 Apr 2012 10:47:00 +0100 http://www.commercialriskeurope.com/cre/1353/15/Potential-softening-in-2012-for-stable-but-fragile-energy-market-reports-Willis/ http://www.commercialriskeurope.com/cre/1352/15/AGCS-vows-to-triple-business-from-emerging-markets/ Germany's insurance giant Allianz plans to triple its turnover from industrial insurance in emerging markets. “We intend to grow the premium income achieved in these countries from €600m to around €2bn within the next three to five years,” said Axel... Thu, 19 Apr 2012 10:36:00 +0100 http://www.commercialriskeurope.com/cre/1352/15/AGCS-vows-to-triple-business-from-emerging-markets/ http://www.commercialriskeurope.com/cre/1354/15/Mental-diseases-threaten-workers-comp-carriers-claims-expert/ Workers’ compensation schemes run by industrial companies are increasingly challenged by the increase in mental disease, according to an expert from Munich Re. “While the number of accidents at work is declining, we observe that deficiencies due to mental disease... Thu, 19 Apr 2012 10:35:00 +0100 http://www.commercialriskeurope.com/cre/1354/15/Mental-diseases-threaten-workers-comp-carriers-claims-expert/ http://www.commercialriskeurope.com/cre/1357/15/Ferma-launches-latest-survey-to-unveil-state-of-risk-management-across-Europe/ Thu, 19 Apr 2012 10:34:00 +0100 http://www.commercialriskeurope.com/cre/1357/15/Ferma-launches-latest-survey-to-unveil-state-of-risk-management-across-Europe/ http://www.commercialriskeurope.com/cre/1351/15/Failed-risk-management-strategies-must-change-after-2011-s-cat-crisis-Marsh/ Thu, 19 Apr 2012 10:24:00 +0100 http://www.commercialriskeurope.com/cre/1351/15/Failed-risk-management-strategies-must-change-after-2011-s-cat-crisis-Marsh/ http://www.commercialriskeurope.com/cre/1350/15/Marsh-report-reveals-onshore-captives-and-alternative-structures-on-the-rise/ Thu, 19 Apr 2012 10:14:00 +0100 http://www.commercialriskeurope.com/cre/1350/15/Marsh-report-reveals-onshore-captives-and-alternative-structures-on-the-rise/ http://www.commercialriskeurope.com/cre/1349/15/Marine-market-in-flux-as-hull-and-liability-rates-bounce-after-Concordia-Willis/ Many marine hull and liability insurers have reacted to the sinking of the Costa Concordia with a determined push for higher rates but signs of a harder market will remain a mirage as long as capital providers are prepared to... Thu, 19 Apr 2012 10:09:00 +0100 http://www.commercialriskeurope.com/cre/1349/15/Marine-market-in-flux-as-hull-and-liability-rates-bounce-after-Concordia-Willis/ http://www.commercialriskeurope.com/cre/1348/15/XL-restructures-international-insurance-business/ XL Group has restructured its International Primary Casualty business by creating four unique teams that will focus on differing account types. The business that serves clients in Europe, Asia, Australia and Latin America will now have a team dedicated to large... Thu, 19 Apr 2012 10:04:00 +0100 http://www.commercialriskeurope.com/cre/1348/15/XL-restructures-international-insurance-business/ http://www.commercialriskeurope.com/cre/1347/15/UK-market-stable-as-rate-increases-offset-by-sluggish-economy-Moody-s/ Thu, 19 Apr 2012 09:47:00 +0100 http://www.commercialriskeurope.com/cre/1347/15/UK-market-stable-as-rate-increases-offset-by-sluggish-economy-Moody-s/ http://www.commercialriskeurope.com/cre/1345/15/Global-property-rates-continue-to-rise-in-Q1/ Thu, 12 Apr 2012 10:21:00 +0100 http://www.commercialriskeurope.com/cre/1345/15/Global-property-rates-continue-to-rise-in-Q1/ http://www.commercialriskeurope.com/cre/1344/15/Allianz-to-push-company-health-schemes-in-Germany/ Allianz is expanding into the German company health scheme market following a positive response to an initial push over the last eight months. As a result the insurer will offer more supplementary health cover to companies purchasing insurance on behalf... Thu, 12 Apr 2012 10:15:00 +0100 http://www.commercialriskeurope.com/cre/1344/15/Allianz-to-push-company-health-schemes-in-Germany/ http://www.commercialriskeurope.com/cre/1346/15/Kidnaps-up-9-as-industry-becomes-multi-billion-dollar-affair/ Official data from kidnap and ransom hot spots such as Nigeria, Venezuela, Mexico and Colombia, plus piracy victims off Somalia and NGO kidnap victims in Afghanistan shows that there was a 9% increase in kidnapping incidents between 2010 and 2011... Thu, 12 Apr 2012 10:10:00 +0100 http://www.commercialriskeurope.com/cre/1346/15/Kidnaps-up-9-as-industry-becomes-multi-billion-dollar-affair/ http://www.commercialriskeurope.com/cre/1343/15/Mixed-response-to-global-programmes-database-plan-suggests-slow-progress/ Thu, 12 Apr 2012 10:09:00 +0100 http://www.commercialriskeurope.com/cre/1343/15/Mixed-response-to-global-programmes-database-plan-suggests-slow-progress/ http://www.commercialriskeurope.com/cre/1342/15/Reinsurers-raise-rates-but-stay-in-support-of-Asia-Pacific-region/ Reinsurance rates rose at the April 1 renewals with the first critical test of the Asia Pacific market since last year’s spate of catastrophes revealing an increase in terms and conditions, according to Guy Carp. But, on the whole, the... Thu, 12 Apr 2012 09:50:00 +0100 http://www.commercialriskeurope.com/cre/1342/15/Reinsurers-raise-rates-but-stay-in-support-of-Asia-Pacific-region/ http://www.commercialriskeurope.com/cre/1341/15/Global-reinsurance-capital-down-3-but-rises-at-leading-players-Aon-Benfield/ Thu, 12 Apr 2012 09:37:00 +0100 http://www.commercialriskeurope.com/cre/1341/15/Global-reinsurance-capital-down-3-but-rises-at-leading-players-Aon-Benfield/ http://www.commercialriskeurope.com/cre/1340/15/Spanish-insurers-fret-over-Solvency-II-ORSA-requirements-but-gloss-over-eurozone-threat/ Thu, 05 Apr 2012 15:30:00 +0100 http://www.commercialriskeurope.com/cre/1340/15/Spanish-insurers-fret-over-Solvency-II-ORSA-requirements-but-gloss-over-eurozone-threat/ http://www.commercialriskeurope.com/cre/1339/15/Countdown-to-the-Olympics-comment/ Thu, 05 Apr 2012 15:27:00 +0100 http://www.commercialriskeurope.com/cre/1339/15/Countdown-to-the-Olympics-comment/ http://www.commercialriskeurope.com/cre/1338/15/Arab-Spring-sparks-demand-for-greater-transparency-and-accountability-in-Gulf/ The Arab Spring may not have spread to the Gulf region in any meaningful way apart from some serious civil unrest in Bahrain and protests in Oman and Kuwait. But it has sparked a rise in demand for transparency, accountability... Thu, 05 Apr 2012 15:21:00 +0100 http://www.commercialriskeurope.com/cre/1338/15/Arab-Spring-sparks-demand-for-greater-transparency-and-accountability-in-Gulf/ http://www.commercialriskeurope.com/cre/1337/15/Retention-levels-key-to-local-insurance-market-development-agree-experts/ Insurance market experts gathered for the MultaQa conference in Qatar last month agreed that growth potential for the GCC countries is high in coming years but the arrival of plenty of international reinsurance capacity is holding back the development of... Thu, 05 Apr 2012 15:13:00 +0100 http://www.commercialriskeurope.com/cre/1337/15/Retention-levels-key-to-local-insurance-market-development-agree-experts/ http://www.commercialriskeurope.com/cre/1336/15/Gulf-cat-exposures-may-need-rethink/ One of the main reasons why risks in the Gulf region are so attractive to international insurers and reinsurers and capacity so abundant is that it is classified as a non-catastrophe zone and therefore provides valuable relief for catastrophe business... Thu, 05 Apr 2012 15:08:00 +0100 http://www.commercialriskeurope.com/cre/1336/15/Gulf-cat-exposures-may-need-rethink/ http://www.commercialriskeurope.com/cre/1335/15/Growth-markets-fraught-with-greater-risk-Hartwig/ As the share of global GDP contributed by emerging nations nudges ever closer to outstripping that of the mature industrialised economies the European and international insurance and reinsurance industry is inevitably shifting its search for growth to the fast-growing markets... Thu, 05 Apr 2012 13:39:00 +0100 http://www.commercialriskeurope.com/cre/1335/15/Growth-markets-fraught-with-greater-risk-Hartwig/ http://www.commercialriskeurope.com/cre/1334/15/The-scramble-for-premium-Q4-overview/ The recent set of year-end results and interviews carried out with leading corporate carriers suggest that the forces of competition and the need to generate new revenue in the face of sluggish core markets will deliver a happy result for... Thu, 05 Apr 2012 13:34:00 +0100 http://www.commercialriskeurope.com/cre/1334/15/The-scramble-for-premium-Q4-overview/ http://www.commercialriskeurope.com/cre/1333/15/Dealing-with-risk-intensification-Paolo-Ribotta/ Paolo Ribotta joined XL last July as Head of Global Distribution from Zurich where he was CEO of the group’s French business. In the newly-created role, Mr Ribotta is responsible for the performance, direction, growth and support of XL’s global... Thu, 05 Apr 2012 13:27:00 +0100 http://www.commercialriskeurope.com/cre/1333/15/Dealing-with-risk-intensification-Paolo-Ribotta/ http://www.commercialriskeurope.com/cre/1332/15/Knowledge-is-all-Joseph-Clabby/ ACE’s Joseph Clabby is convinced that steady growth can still be achieved in the European corporate insurance market so long as the strategy is based on deep knowledge of markets and customers, close relationships with the right brokers and disciplined... Thu, 05 Apr 2012 13:20:00 +0100 http://www.commercialriskeurope.com/cre/1332/15/Knowledge-is-all-Joseph-Clabby/ http://www.commercialriskeurope.com/cre/1331/15/Job-done-Jose-Ribeiro/ Jose Ribeiro, Director International Markets at Lloyd’s, leaves the corporation in May after a very busy term in which he has overseen a significant expansion in the market’s footprint. Adrian Ladbury asked why Lloyd’s felt that it needed a more... Thu, 05 Apr 2012 13:14:00 +0100 http://www.commercialriskeurope.com/cre/1331/15/Job-done-Jose-Ribeiro/ http://www.commercialriskeurope.com/cre/1330/15/On-the-march-HDI-Gerling/ HDI-Gerling is muscling its way into the highly competitive insurance market for multinational corporations and is rapidly becoming a credible option for insurance buyers with complex cross-border exposures. Commercial Risk Europe Editor Adrian Ladbury asked Dr Christian Hinsch, CEO of... Thu, 05 Apr 2012 13:06:00 +0100 http://www.commercialriskeurope.com/cre/1330/15/On-the-march-HDI-Gerling/ http://www.commercialriskeurope.com/cre/1329/15/Harder-times-ahead-Rudi-Flunger/ Rudi Flunger, Member of the Group Management Board, Head of Regions & Specialty, Swiss Re Corporate Solutions, told Adrian Ladbury that he sees an overall hardening in the corporate insurance market on the horizon, that the market is not actually... Thu, 05 Apr 2012 12:58:00 +0100 http://www.commercialriskeurope.com/cre/1329/15/Harder-times-ahead-Rudi-Flunger/ http://www.commercialriskeurope.com/cre/1328/15/A-team-challenge-Kelly-Lyles/ Thu, 05 Apr 2012 12:49:00 +0100 http://www.commercialriskeurope.com/cre/1328/15/A-team-challenge-Kelly-Lyles/ http://www.commercialriskeurope.com/cre/1327/15/Education-tops-agenda-for-Maltese-Risk-Management-Association-at-formal-launch/ Thu, 05 Apr 2012 12:41:00 +0100 http://www.commercialriskeurope.com/cre/1327/15/Education-tops-agenda-for-Maltese-Risk-Management-Association-at-formal-launch/ http://www.commercialriskeurope.com/cre/1323/15/Credit-insurers-give-mixed-response-to-Greek-export-risk/ Wed, 04 Apr 2012 12:55:00 +0100 http://www.commercialriskeurope.com/cre/1323/15/Credit-insurers-give-mixed-response-to-Greek-export-risk/ http://www.commercialriskeurope.com/cre/1325/15/London-firms-need-to-wake-up-to-Olympics-travel-and-IT-threats/ Business continuity experts in the UK are trying to drum up interest among London businesses as the city prepares for this summer’s Olympics, and warn of huge travel and web access problems that could lead to billions of pounds of... Wed, 04 Apr 2012 12:53:00 +0100 http://www.commercialriskeurope.com/cre/1325/15/London-firms-need-to-wake-up-to-Olympics-travel-and-IT-threats/ http://www.commercialriskeurope.com/cre/1324/15/Risk-managers-and-brokers-need-to-sharpen-up-global-programmes-act/ Wed, 04 Apr 2012 12:52:00 +0100 http://www.commercialriskeurope.com/cre/1324/15/Risk-managers-and-brokers-need-to-sharpen-up-global-programmes-act/ http://www.commercialriskeurope.com/cre/1326/15/Claims-disputes-spark-standard-wording-effort-in-mining-sector/ Wed, 04 Apr 2012 12:51:00 +0100 http://www.commercialriskeurope.com/cre/1326/15/Claims-disputes-spark-standard-wording-effort-in-mining-sector/ http://www.commercialriskeurope.com/cre/1322/15/Portuguese-companies-fear-rising-protectionism-comment/ Wed, 04 Apr 2012 12:25:00 +0100 http://www.commercialriskeurope.com/cre/1322/15/Portuguese-companies-fear-rising-protectionism-comment/ http://www.commercialriskeurope.com/cre/1321/15/Airlines-report-record-low-claims-in-2011-as-soft-market-looks-set-fair/ Wed, 04 Apr 2012 12:22:00 +0100 http://www.commercialriskeurope.com/cre/1321/15/Airlines-report-record-low-claims-in-2011-as-soft-market-looks-set-fair/ http://www.commercialriskeurope.com/cre/1320/15/Recovering-German-construction-industry-looks-to-surety-insurers-for-answers/ Wed, 04 Apr 2012 12:18:00 +0100 http://www.commercialriskeurope.com/cre/1320/15/Recovering-German-construction-industry-looks-to-surety-insurers-for-answers/ http://www.commercialriskeurope.com/cre/1319/15/Corporate-round-up/ Lockton and partners launch Lockton Global Partnership, QBE strikes deal for renewal rights of Brit Insurance Ltd's regional business, Marsh appoints Charnaud as Chairman of Global Infrastructure Practice, Lockton appoints financial institutions risk expert and Ian Bocca joins QBE’s UK... Wed, 04 Apr 2012 12:11:00 +0100 http://www.commercialriskeurope.com/cre/1319/15/Corporate-round-up/ 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/1317/15/Russia-tops-ranking-of-riskiest-countries-for-mining-companies/ Wed, 04 Apr 2012 11:58:00 +0100 http://www.commercialriskeurope.com/cre/1317/15/Russia-tops-ranking-of-riskiest-countries-for-mining-companies/ http://www.commercialriskeurope.com/cre/1316/15/Willis-Re-reports-improved-start-to-2012-for-reinsurers/ Wed, 04 Apr 2012 11:53:00 +0100 http://www.commercialriskeurope.com/cre/1316/15/Willis-Re-reports-improved-start-to-2012-for-reinsurers/ http://www.commercialriskeurope.com/cre/1315/15/Nat-cats-and-exposures-a-real-deal-in-Brazil-warns-report/ Wed, 04 Apr 2012 11:41:00 +0100 http://www.commercialriskeurope.com/cre/1315/15/Nat-cats-and-exposures-a-real-deal-in-Brazil-warns-report/ http://www.commercialriskeurope.com/cre/1314/15/Asbestos-point-of-exposure-ruling-provides-welcomed-clarity-say-observers/ Thu, 29 Mar 2012 10:19:00 +0100 http://www.commercialriskeurope.com/cre/1314/15/Asbestos-point-of-exposure-ruling-provides-welcomed-clarity-say-observers/ http://www.commercialriskeurope.com/cre/1311/15/Talanx-IPO-to-finally-go-ahead-in-June-sources-say/ Thu, 29 Mar 2012 09:52:00 +0100 http://www.commercialriskeurope.com/cre/1311/15/Talanx-IPO-to-finally-go-ahead-in-June-sources-say/ http://www.commercialriskeurope.com/cre/1310/15/Airmic-report-suggests-buyers-confused-over-environmental-risk-warns-expert/ An Airmic report suggests that UK risk managers are still unaware of the full range of risks they face from environmental damage and the level of protection offered by existing cover, Anna Nilsson, Environmental Liabilities Manager at Chartis UK has... Thu, 29 Mar 2012 09:46:00 +0100 http://www.commercialriskeurope.com/cre/1310/15/Airmic-report-suggests-buyers-confused-over-environmental-risk-warns-expert/ http://www.commercialriskeurope.com/cre/1313/15/Lloyd-s-posts-516m-loss-in-2011-fueled-by-record-4-6bn-cat-claims/ Thu, 29 Mar 2012 09:43:00 +0100 http://www.commercialriskeurope.com/cre/1313/15/Lloyd-s-posts-516m-loss-in-2011-fueled-by-record-4-6bn-cat-claims/ http://www.commercialriskeurope.com/cre/1309/15/Threat-of-imminent-severe-credit-crisis-rising-Europe-most-at-risk-Moody-s/ Moody’s has warned that macro-economic conditions suggest a second severe credit crisis is increasingly likely, particularly in Europe. Whilst credit insurers would be less vulnerable to the immediate impacts of such an event than they were in 2008, their ability... Thu, 29 Mar 2012 09:38:00 +0100 http://www.commercialriskeurope.com/cre/1309/15/Threat-of-imminent-severe-credit-crisis-rising-Europe-most-at-risk-Moody-s/ http://www.commercialriskeurope.com/cre/1308/15/Business-risk-from-climate-change-laid-bare-at-European-Parliament-meeting/ A climate change researcher has warned that global warming poses a risk to companies with energy pipelines and other infrastructure in the Arctic and that the rights to offshore fishing and mineral areas could be lost if coasts are destroyed... Thu, 29 Mar 2012 09:33:00 +0100 http://www.commercialriskeurope.com/cre/1308/15/Business-risk-from-climate-change-laid-bare-at-European-Parliament-meeting/ http://www.commercialriskeurope.com/cre/1307/15/Spain-s-Insurance-Compensation-Consortium-cracks-down-on-claims-conditions/ Thu, 29 Mar 2012 09:29:00 +0100 http://www.commercialriskeurope.com/cre/1307/15/Spain-s-Insurance-Compensation-Consortium-cracks-down-on-claims-conditions/ http://www.commercialriskeurope.com/cre/1306/15/Unwanted-volatile-capital-adequacy-at-European-insurers-warns-Fitch/ Thu, 29 Mar 2012 09:24:00 +0100 http://www.commercialriskeurope.com/cre/1306/15/Unwanted-volatile-capital-adequacy-at-European-insurers-warns-Fitch/ http://www.commercialriskeurope.com/cre/1305/15/Italian-insurers-to-remain-under-pressure-from-sovereign-risk-and-Solvency-II/ Thu, 29 Mar 2012 09:20:00 +0100 http://www.commercialriskeurope.com/cre/1305/15/Italian-insurers-to-remain-under-pressure-from-sovereign-risk-and-Solvency-II/ http://www.commercialriskeurope.com/cre/1304/15/Shipping-industry-faces-many-new-risk-management-challenges-says-report/ Despite hugely improved safety records the maritime industry faces many new risk management challenges as it learns to cope with the use of ‘super size’ vessels and crews from emerging economies where standards of training and assessment can be inconsistent,... Thu, 29 Mar 2012 09:12:00 +0100 http://www.commercialriskeurope.com/cre/1304/15/Shipping-industry-faces-many-new-risk-management-challenges-says-report/ http://www.commercialriskeurope.com/cre/1312/15/Chile-quake-damage-limited-with-estimated-insured-losses-of-under-100m/ Thu, 29 Mar 2012 07:08:00 +0100 http://www.commercialriskeurope.com/cre/1312/15/Chile-quake-damage-limited-with-estimated-insured-losses-of-under-100m/ http://www.commercialriskeurope.com/cre/1303/15/Solvency-II-closer-with-Omnibus-II-approval-but-concerns-remain/ Thu, 22 Mar 2012 07:14:00 +0000 http://www.commercialriskeurope.com/cre/1303/15/Solvency-II-closer-with-Omnibus-II-approval-but-concerns-remain/ http://www.commercialriskeurope.com/cre/1302/15/French-companies-are-driven-to-self-insurance-for-motor-fleets/ Thu, 22 Mar 2012 07:09:00 +0000 http://www.commercialriskeurope.com/cre/1302/15/French-companies-are-driven-to-self-insurance-for-motor-fleets/ http://www.commercialriskeurope.com/cre/1301/15/UK-business-could-face-flood-cover-problems-and-price-hikes-by-summer/ Thu, 22 Mar 2012 07:07:00 +0000 http://www.commercialriskeurope.com/cre/1301/15/UK-business-could-face-flood-cover-problems-and-price-hikes-by-summer/ http://www.commercialriskeurope.com/cre/1300/15/Switzerland-looks-set-for-mandatory-quake-insurance/ Thu, 22 Mar 2012 07:03:00 +0000 http://www.commercialriskeurope.com/cre/1300/15/Switzerland-looks-set-for-mandatory-quake-insurance/ http://www.commercialriskeurope.com/cre/1299/15/ABI-calls-for-government-reform-of-overzealous-health-and-safety-rules/ The Association of British Insurers (ABI) has called on its government to implement planned reforms to help business free itself from the ‘fear of the UK’s compensation culture and overzealous interpretations of health and safety rules’ that it says can... Thu, 22 Mar 2012 07:00:00 +0000 http://www.commercialriskeurope.com/cre/1299/15/ABI-calls-for-government-reform-of-overzealous-health-and-safety-rules/ http://www.commercialriskeurope.com/cre/1298/15/Corporate-round-up/ Zurich helps customers solve captive collateral challenge with eZ Trust, Aon appoints Darren Marshall as power construction leader,  Miller Chief Executive Graham Clarke elected as LIIBA Chairman, Mitsui Sumitomo strengthens UK construction team by appointing Adrian Burgess as Underwriter and... Thu, 22 Mar 2012 06:48:00 +0000 http://www.commercialriskeurope.com/cre/1298/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1297/15/UK-business-more-pessimistic-about-economic-recovery-finds-QBE-survey/ Business is more pessimistic about a quick recovery for the UK economy than this time last year, with 77% expecting it to be more than two years before the country’s economy bounces back to full health, according to an annual... Thu, 22 Mar 2012 06:44:00 +0000 http://www.commercialriskeurope.com/cre/1297/15/UK-business-more-pessimistic-about-economic-recovery-finds-QBE-survey/ http://www.commercialriskeurope.com/cre/1296/15/Hardy-bows-to-cat-pressure-as-CNA-snaps-it-up-for-143m/ Thu, 22 Mar 2012 06:39:00 +0000 http://www.commercialriskeurope.com/cre/1296/15/Hardy-bows-to-cat-pressure-as-CNA-snaps-it-up-for-143m/ http://www.commercialriskeurope.com/cre/1295/15/Fitch-upgrades-SCOR-to-A-with-stable-outlook/ Thu, 22 Mar 2012 06:29:00 +0000 http://www.commercialriskeurope.com/cre/1295/15/Fitch-upgrades-SCOR-to-A-with-stable-outlook/ http://www.commercialriskeurope.com/cre/1293/15/Draft-EC-rules-to-beef-up-data-breaches-would-hit-business-experts-warn/ A draft pan European cross-industry data privacy and protection regulation that plans to introduce a much more aggressive regime to police cyber data breaches would increase the liabilities and costs faced by all companies operating on the continent, experts at... Thu, 15 Mar 2012 12:12:00 +0000 http://www.commercialriskeurope.com/cre/1293/15/Draft-EC-rules-to-beef-up-data-breaches-would-hit-business-experts-warn/ http://www.commercialriskeurope.com/cre/1292/15/Gulf-region-needs-risk-management-skills-to-help-manage-future-growth/ The Arabian Gulf region (GCC) needs a risk management ‘hub’ to serve the needs of the public and the rapidly growing private sector in the region, according to Bahrain-based consultant Fetooh Al Zayani, of JWZ Solutions, a company that provides... Thu, 15 Mar 2012 11:57:00 +0000 http://www.commercialriskeurope.com/cre/1292/15/Gulf-region-needs-risk-management-skills-to-help-manage-future-growth/ http://www.commercialriskeurope.com/cre/1291/15/BCI-reports-positive-action-on-supply-chains-following-earthquake-lessons/ Most firms that suffered supply chain disruption as a result of the 2011 earthquake disasters in Japan and New Zealand have made potentially significant changes in their approaches to supply chain resilience according to latest research from the UK-based Business... Thu, 15 Mar 2012 11:50:00 +0000 http://www.commercialriskeurope.com/cre/1291/15/BCI-reports-positive-action-on-supply-chains-following-earthquake-lessons/ http://www.commercialriskeurope.com/cre/1290/15/BSI-seeks-support-for-new-corporate-governance-standard-planned-for-2013/ Thu, 15 Mar 2012 11:35:00 +0000 http://www.commercialriskeurope.com/cre/1290/15/BSI-seeks-support-for-new-corporate-governance-standard-planned-for-2013/ http://www.commercialriskeurope.com/cre/1289/15/Ferma-to-launch-sixth-risk-survey-to-help-members-compare-and-contrast/ Thu, 15 Mar 2012 11:26:00 +0000 http://www.commercialriskeurope.com/cre/1289/15/Ferma-to-launch-sixth-risk-survey-to-help-members-compare-and-contrast/ http://www.commercialriskeurope.com/cre/1294/15/Spanish-insurers-opt-for-head-in-sand-strategy-as-debt-crisis-deepens-Comment/ Insurance companies in Spain operate today in a stagnated economy with little hope of growth in the foreseeable future. The dire state of Spain's finances and suspicions about the country's banking system have prompted justifiable ratings downgrades of Spanish insurers... Thu, 15 Mar 2012 11:14:00 +0000 http://www.commercialriskeurope.com/cre/1294/15/Spanish-insurers-opt-for-head-in-sand-strategy-as-debt-crisis-deepens-Comment/ http://www.commercialriskeurope.com/cre/1288/15/Corporate-round-up/ Zurich appoints Anne Charon as CEO of French General Insurance business, Chartis appoints new Executive Director, Commercial Lines UK, XL strengthens Professional Lines team in Australia, Willis appoints Managing Director of European Capital Markets & Advisory Unit and  Argo International... Thu, 15 Mar 2012 11:13:00 +0000 http://www.commercialriskeurope.com/cre/1288/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1286/15/Credit-insurer-Atradius-works-at-communication-to-avoid-sectors-past-mistakes/ Thu, 15 Mar 2012 10:23:00 +0000 http://www.commercialriskeurope.com/cre/1286/15/Credit-insurer-Atradius-works-at-communication-to-avoid-sectors-past-mistakes/ http://www.commercialriskeurope.com/cre/1285/15/Industry-may-have-to-get-used-to-increased-nat-cats-AM-Best/ Whilst the risk and insurance industry continues to be tested by more frequent and severe catastrophic weather events, AM Best has questioned whether this number of incidents will become the norm as Eqecat estimates $2bn of insured losses from the... Thu, 15 Mar 2012 10:18:00 +0000 http://www.commercialriskeurope.com/cre/1285/15/Industry-may-have-to-get-used-to-increased-nat-cats-AM-Best/ http://www.commercialriskeurope.com/cre/1284/15/Mexico-is-a-bright-spot-in-the-Latin-American-landscape-for-insurance-buyers/ Protectionist pushes by Brazil and Argentina have given plenty of headaches to insurance buyers of late, but at least one major Latin American market has kept its doors open to foreign competition in order to complement the local supply of... Mon, 12 Mar 2012 12:55:00 +0000 http://www.commercialriskeurope.com/cre/1284/15/Mexico-is-a-bright-spot-in-the-Latin-American-landscape-for-insurance-buyers/ http://www.commercialriskeurope.com/cre/1283/15/Trade-credit-market-set-for-new-hardening-claim-brokers-insurers/ Mon, 12 Mar 2012 12:48:00 +0000 http://www.commercialriskeurope.com/cre/1283/15/Trade-credit-market-set-for-new-hardening-claim-brokers-insurers/ http://www.commercialriskeurope.com/cre/1282/15/Spreading-the-RM-gospel-Comment/ It is as clear as day that the corporate risk and insurance industry has an image problem and that is why it was good news to hear that Enrico Bertagna, Head of Southern, Eastern Europe & Africa and General Representative... Mon, 12 Mar 2012 12:37:00 +0000 http://www.commercialriskeurope.com/cre/1282/15/Spreading-the-RM-gospel-Comment/ http://www.commercialriskeurope.com/cre/1281/15/Airmic-focus-back-on-Reservation-of-Rights-as-concerns-increase/ Mon, 12 Mar 2012 12:30:00 +0000 http://www.commercialriskeurope.com/cre/1281/15/Airmic-focus-back-on-Reservation-of-Rights-as-concerns-increase/ http://www.commercialriskeurope.com/cre/1280/15/Inability-to-accurately-value-information-holds-back-cyber-insurance/ Risk managers must do more to accurately articulate their cyber risk concerns to insurers if this evolving area of insurance is to properly develop, Mark Fishleigh, Head of Insurance at UK-based information security firm BAE Systems Detica, told an audience... Mon, 12 Mar 2012 12:22:00 +0000 http://www.commercialriskeurope.com/cre/1280/15/Inability-to-accurately-value-information-holds-back-cyber-insurance/ http://www.commercialriskeurope.com/cre/1279/15/Sorting-out-dysfunctional-boards-is-key-to-managing-reputational-risk/ Reputational risk is moving up the corporate agenda, partly because of the numerous examples in recent years of major corporations that have faced crises resulting in damage to reputation or brand. One survey has suggested that, on average, large corporations... Mon, 12 Mar 2012 12:16:00 +0000 http://www.commercialriskeurope.com/cre/1279/15/Sorting-out-dysfunctional-boards-is-key-to-managing-reputational-risk/ http://www.commercialriskeurope.com/cre/1278/15/Risk-consequence-of-power-blackouts-on-the-rise/ Power blackouts are nothing new but they have been in the headlines because of the severe impact they can have on our daily lives, both in and out of the workplace, and our increasing reliance on energy infrastructure. As such... Mon, 12 Mar 2012 12:10:00 +0000 http://www.commercialriskeurope.com/cre/1278/15/Risk-consequence-of-power-blackouts-on-the-rise/ http://www.commercialriskeurope.com/cre/1277/15/Future-perfect/ The inexorable rise of risk management up the corporate agenda in recent times, fuelled by the credit crisis and subsequent economic and financial downturn, has clearly presented European risk managers with a golden opportunity to raise their profile and win... Mon, 12 Mar 2012 12:03:00 +0000 http://www.commercialriskeurope.com/cre/1277/15/Future-perfect/ 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/1275/15/Renewals-bun-fight-delayed-another-year-as-European-reinsurers-report-respectable-2011/ Mon, 12 Mar 2012 11:33:00 +0000 http://www.commercialriskeurope.com/cre/1275/15/Renewals-bun-fight-delayed-another-year-as-European-reinsurers-report-respectable-2011/ http://www.commercialriskeurope.com/cre/1274/15/A-brave-face-in-Bermuda/ Mon, 12 Mar 2012 11:27:00 +0000 http://www.commercialriskeurope.com/cre/1274/15/A-brave-face-in-Bermuda/ http://www.commercialriskeurope.com/cre/1273/15/A-cunning-plan-AXA-CS/ CRE Editor Adrian Ladbury interviewed AXA Corporate Solutions CEO Philippe Rocard during the recent AMRAE conference in Deauville, Normandy. He found a man fully aware of the challenges presented by a stubbornly flat rating environment and low investment returns but... Mon, 12 Mar 2012 11:14:00 +0000 http://www.commercialriskeurope.com/cre/1273/15/A-cunning-plan-AXA-CS/ http://www.commercialriskeurope.com/cre/1272/15/Insurers-and-risk-managers-must-learn-from-each-other-to-boost-risk-industries/ According to Enrico Bertagna, a founding member and Chairman of the Unione Giovani Assicuratori e Riassicuratori Italiana (Ugari), that represents young risk and insurance professionals in Italy, the risk industry has an image problem and is failing to attract the... Mon, 12 Mar 2012 11:01:00 +0000 http://www.commercialriskeurope.com/cre/1272/15/Insurers-and-risk-managers-must-learn-from-each-other-to-boost-risk-industries/ http://www.commercialriskeurope.com/cre/1270/15/EC-opens-door-to-US-on-Solvency-II-to-help-head-off-insurance-trade-war/ A level playing field for US and European insurers and consequently their customers in a post Solvency II world edged a little closer late last month as the American Insurance Association (AIA) visited Brussels to step up dialogue between interested... Thu, 08 Mar 2012 11:39:00 +0000 http://www.commercialriskeurope.com/cre/1270/15/EC-opens-door-to-US-on-Solvency-II-to-help-head-off-insurance-trade-war/ http://www.commercialriskeurope.com/cre/1269/15/German-buyers-fears-banished-as-government-aborts-motor-deductible-tax/ Thu, 08 Mar 2012 11:31:00 +0000 http://www.commercialriskeurope.com/cre/1269/15/German-buyers-fears-banished-as-government-aborts-motor-deductible-tax/ http://www.commercialriskeurope.com/cre/1268/15/Poor-Reach-enforcement-leading-to-transportation-delays-and-noncompliance/ Thu, 08 Mar 2012 11:28:00 +0000 http://www.commercialriskeurope.com/cre/1268/15/Poor-Reach-enforcement-leading-to-transportation-delays-and-noncompliance/ http://www.commercialriskeurope.com/cre/1267/15/Fleet-owners-losing-confidence-in-insurance-partners-warns-broker/ Thu, 08 Mar 2012 11:23:00 +0000 http://www.commercialriskeurope.com/cre/1267/15/Fleet-owners-losing-confidence-in-insurance-partners-warns-broker/ http://www.commercialriskeurope.com/cre/1266/15/Airmic-steps-in-as-contingent-commissions-raise-their-ugly-head/ Thu, 08 Mar 2012 11:20:00 +0000 http://www.commercialriskeurope.com/cre/1266/15/Airmic-steps-in-as-contingent-commissions-raise-their-ugly-head/ http://www.commercialriskeurope.com/cre/1263/15/JLT-reports-strong-2011-figures-but-falters-in-southern-Europe/ Thu, 08 Mar 2012 11:16:00 +0000 http://www.commercialriskeurope.com/cre/1263/15/JLT-reports-strong-2011-figures-but-falters-in-southern-Europe/ http://www.commercialriskeurope.com/cre/1265/15/AMRAE-expands-IT-tool-evaluation-report-to-further-aid-members/ Thu, 08 Mar 2012 11:15:00 +0000 http://www.commercialriskeurope.com/cre/1265/15/AMRAE-expands-IT-tool-evaluation-report-to-further-aid-members/ http://www.commercialriskeurope.com/cre/1264/15/Ferma-welcomes-Luxembourg-s-association-and-new-board-member/ Thu, 08 Mar 2012 11:10:00 +0000 http://www.commercialriskeurope.com/cre/1264/15/Ferma-welcomes-Luxembourg-s-association-and-new-board-member/ http://www.commercialriskeurope.com/cre/1271/15/Editor-s-View-Market-finally-getting-to-grips-with-supply-chain-cover/ A survey of US insurance buyers carried out by forensic accounting and claims firm Dempsey & Partners shows that only half of the risk and insurance managers surveyed who had experienced a supply chain disruption in the last five years... Thu, 08 Mar 2012 11:01:00 +0000 http://www.commercialriskeurope.com/cre/1271/15/Editor-s-View-Market-finally-getting-to-grips-with-supply-chain-cover/ http://www.commercialriskeurope.com/cre/1262/15/Corporate-round-up/ Willis China approved to open new office in Chinese megalopolis Chongqing, Marsh appoints Chris Lay to new Business Development Leader position within International division, Roland Brandt appointed as Property Underwriting Manager Risk Management, Analytics and Innovation for XL's international department... Thu, 08 Mar 2012 10:53:00 +0000 http://www.commercialriskeurope.com/cre/1262/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1261/15/Analyst-tells-US-commercial-insurance-buyers-to-prepare-for-hardening/ Thu, 08 Mar 2012 10:48:00 +0000 http://www.commercialriskeurope.com/cre/1261/15/Analyst-tells-US-commercial-insurance-buyers-to-prepare-for-hardening/ http://www.commercialriskeurope.com/cre/1260/15/Early-US-tornado-activity-breaking-records/ Thu, 08 Mar 2012 10:42:00 +0000 http://www.commercialriskeurope.com/cre/1260/15/Early-US-tornado-activity-breaking-records/ http://www.commercialriskeurope.com/cre/1259/15/Plumeri-flags-up-new-aviation-risks-and-calls-for-proactive-risk-management/ Thu, 08 Mar 2012 10:38:00 +0000 http://www.commercialriskeurope.com/cre/1259/15/Plumeri-flags-up-new-aviation-risks-and-calls-for-proactive-risk-management/ http://www.commercialriskeurope.com/cre/1258/15/Insurers-challenged-to-be-more-creative-on-space-risk-solutions/ Thu, 08 Mar 2012 10:33:00 +0000 http://www.commercialriskeurope.com/cre/1258/15/Insurers-challenged-to-be-more-creative-on-space-risk-solutions/ http://www.commercialriskeurope.com/cre/1255/15/Aon-backs-web-based-placement-platform-Inex-24/ Hanns Martin Schindewolf, Chief Executive of Daimler Insurance Services, has welcomed broker Aon's commitment to use the electronic placement platform Inex24. "It is important for the international rollout," he said. He believes that Aon will help to popularise the system... Thu, 01 Mar 2012 08:10:00 +0000 http://www.commercialriskeurope.com/cre/1255/15/Aon-backs-web-based-placement-platform-Inex-24/ http://www.commercialriskeurope.com/cre/1254/15/Military-likely-to-provide-more-support-for-climate-change-crises/ Thu, 01 Mar 2012 08:03:00 +0000 http://www.commercialriskeurope.com/cre/1254/15/Military-likely-to-provide-more-support-for-climate-change-crises/ http://www.commercialriskeurope.com/cre/1257/15/Capital-adequacy-issues-may-lead-to-negative-actions-on-EU-insurers-S-P/ Market volatility, weakening credit, quality of investments, exposure to sovereign and financial institutions’ debt, slowing economic growth in developed countries and low investor confidence are all taking their toll on global multiline insurers (GMIs) and may lead to negative rating... Thu, 01 Mar 2012 08:02:00 +0000 http://www.commercialriskeurope.com/cre/1257/15/Capital-adequacy-issues-may-lead-to-negative-actions-on-EU-insurers-S-P/ http://www.commercialriskeurope.com/cre/1256/15/FSA-says-Solvency-II-transposition-date-may-slip/ The UK''s Financial Services Authority (FSA) this week told insurers that it still assumes Solvency II will be implemented in January 2014 but raised the prospect that its transposition date, the date at which the Directive is transposed into national... Thu, 01 Mar 2012 08:01:00 +0000 http://www.commercialriskeurope.com/cre/1256/15/FSA-says-Solvency-II-transposition-date-may-slip/ http://www.commercialriskeurope.com/cre/1252/15/Corporate-round-up/ New broker Q360 launches with support of Tawa, Credicorp buy up 49.9% of Willis Peru, JLT teams with Campden BRI to develop solutions for food and drink industry and Mark Lawrence joins JLT Re as Head of Client and Market... Thu, 01 Mar 2012 08:00:00 +0000 http://www.commercialriskeurope.com/cre/1252/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1253/15/Insurer-financial-strength-rating-key-metric-for-brokers/ Insurer financial strength ratings have become an increasingly important tool for commercial brokers since the financial crisis and are far and away the most important metric factor when deciding where to place a client’s risk, according to a recent survey... Thu, 01 Mar 2012 07:58:00 +0000 http://www.commercialriskeurope.com/cre/1253/15/Insurer-financial-strength-rating-key-metric-for-brokers/ http://www.commercialriskeurope.com/cre/1251/15/S-P-raises-its-long-term-ratings-on-RSA/ Thu, 01 Mar 2012 07:42:00 +0000 http://www.commercialriskeurope.com/cre/1251/15/S-P-raises-its-long-term-ratings-on-RSA/ http://www.commercialriskeurope.com/cre/1245/15/EU-Syrian-insurance-ban-adds-to-Middle-East-coverage-muddle/ Fri, 24 Feb 2012 09:45:00 +0000 http://www.commercialriskeurope.com/cre/1245/15/EU-Syrian-insurance-ban-adds-to-Middle-East-coverage-muddle/ http://www.commercialriskeurope.com/cre/1244/15/Mutuals-warn-of-further-Solvency-II-delays-in-France/ Fri, 24 Feb 2012 09:41:00 +0000 http://www.commercialriskeurope.com/cre/1244/15/Mutuals-warn-of-further-Solvency-II-delays-in-France/ http://www.commercialriskeurope.com/cre/1242/15/Guidance-on-ECJ-gender-discrimination-ruling-confusing-markets-Clyde-Co/ With less than 12 months to go before the European Court of Justice (ECJ) ruling that outlawed the pricing of risk based on gender comes into effect, Clyde & Co has warned that confusion reigns over interpretations of the decision... Fri, 24 Feb 2012 09:35:00 +0000 http://www.commercialriskeurope.com/cre/1242/15/Guidance-on-ECJ-gender-discrimination-ruling-confusing-markets-Clyde-Co/ http://www.commercialriskeurope.com/cre/1243/15/Concerns-remain-over-Greece-bailout-and-eurozone-future-expert-warns/ As Greece agreed its latest bailout this week a credit and political risk expert has questioned the support within the country for continued austerity measures, warned of a severe credit crunch should a disorderly Greek default take place and flagged... Fri, 24 Feb 2012 09:33:00 +0000 http://www.commercialriskeurope.com/cre/1243/15/Concerns-remain-over-Greece-bailout-and-eurozone-future-expert-warns/ http://www.commercialriskeurope.com/cre/1241/15/Ex-Ferma-president-Dequae-appointed-to-board-of-nationalised-Belgium-bank/ Fri, 24 Feb 2012 09:16:00 +0000 http://www.commercialriskeurope.com/cre/1241/15/Ex-Ferma-president-Dequae-appointed-to-board-of-nationalised-Belgium-bank/ http://www.commercialriskeurope.com/cre/1247/15/Rehabilitation-continues-at-AIG-as-it-reports-big-swing-in-profits/ Fri, 24 Feb 2012 08:10:00 +0000 http://www.commercialriskeurope.com/cre/1247/15/Rehabilitation-continues-at-AIG-as-it-reports-big-swing-in-profits/ http://www.commercialriskeurope.com/cre/1246/15/Big-three-brokers-revenue-up-17-5-but-Willis-not-satisfied-as-it-lags-behind/ Total revenue at the three largest intermediaries, Aon Corp, Marsh & McLennan and Willis Group, rose by 17.5% in 2011 to $26.2bn from $22.3bn. With investment income down at all three the increase was based entirely on increased fees and... Fri, 24 Feb 2012 08:09:00 +0000 http://www.commercialriskeurope.com/cre/1246/15/Big-three-brokers-revenue-up-17-5-but-Willis-not-satisfied-as-it-lags-behind/ http://www.commercialriskeurope.com/cre/1250/15/Little-evidence-of-drastic-action-by-underwriters-as-AGCS-AXA-CS-and-RSA-all-report-decent-numbers/ AXA Corporate Solutions, Allianz Global Corporate & Specialty (AGCS) and RSA all reported decent combined ratios and solid premium volume growth for full year 2011 this week and, in the cases of AGCS and RSA at least, healthy profits. AXA... Fri, 24 Feb 2012 08:08:00 +0000 http://www.commercialriskeurope.com/cre/1250/15/Little-evidence-of-drastic-action-by-underwriters-as-AGCS-AXA-CS-and-RSA-all-report-decent-numbers/ http://www.commercialriskeurope.com/cre/1249/15/Reserves-release-of-1-3bn-boosts-Swiss-Re-profits/ Fri, 24 Feb 2012 08:03:00 +0000 http://www.commercialriskeurope.com/cre/1249/15/Reserves-release-of-1-3bn-boosts-Swiss-Re-profits/ http://www.commercialriskeurope.com/cre/1248/15/Lancashire-targets-Japanese-renewals-as-reserves-boost-2011-results/ Lancashire Holdings announced a surprisingly healthy set of 2011 results yesterday, saying that it is ‘cautiously optimistic’ about the insurance pricing environment for 2012 overall and has secured additional capital from its existing Accordion sidecar investors to deploy for the... Fri, 24 Feb 2012 07:57:00 +0000 http://www.commercialriskeurope.com/cre/1248/15/Lancashire-targets-Japanese-renewals-as-reserves-boost-2011-results/ http://www.commercialriskeurope.com/cre/1240/15/Lessons-from-Senlac-Ridge/ Mon, 20 Feb 2012 11:44:00 +0000 http://www.commercialriskeurope.com/cre/1240/15/Lessons-from-Senlac-Ridge/ http://www.commercialriskeurope.com/cre/1239/15/A-chance-to-reflect-in-Versailles-Ferma-October-2012/ Ferma announced last month that Versailles, France will be the venue for this year’s Seminar on 22 and 23 October. The Seminar, which takes place during the year that no Ferma Forum is held, was last held in London and... Mon, 20 Feb 2012 11:39:00 +0000 http://www.commercialriskeurope.com/cre/1239/15/A-chance-to-reflect-in-Versailles-Ferma-October-2012/ http://www.commercialriskeurope.com/cre/1238/15/Greimel-vows-that-DVS-will-raise-its-activities-on-innovation-and-service/ Mon, 20 Feb 2012 11:29:00 +0000 http://www.commercialriskeurope.com/cre/1238/15/Greimel-vows-that-DVS-will-raise-its-activities-on-innovation-and-service/ http://www.commercialriskeurope.com/cre/1237/15/German-insurers-need-to-work-harder-to-follow-customers-abroad-risk-managers-and-brokers/ Mon, 20 Feb 2012 11:18:00 +0000 http://www.commercialriskeurope.com/cre/1237/15/German-insurers-need-to-work-harder-to-follow-customers-abroad-risk-managers-and-brokers/ http://www.commercialriskeurope.com/cre/1236/15/WEF-report-Big-questions-and-no-easy-answers-for-world-s-risk-managers/ The annual Global Risk report from the World Economic Forum launched at Davos last month asks what risks should global political leaders and decision-makers be aware of and most concerned about? Tony Dowding finds that there are no easy answers... Mon, 20 Feb 2012 11:08:00 +0000 http://www.commercialriskeurope.com/cre/1236/15/WEF-report-Big-questions-and-no-easy-answers-for-world-s-risk-managers/ http://www.commercialriskeurope.com/cre/1235/15/New-risk-management-practices-needed-to-safeguard-transport-and-supply-chain-networks-report-warns/ Mon, 20 Feb 2012 10:58:00 +0000 http://www.commercialriskeurope.com/cre/1235/15/New-risk-management-practices-needed-to-safeguard-transport-and-supply-chain-networks-report-warns/ http://www.commercialriskeurope.com/cre/1234/15/Year-end-renewals-suggest-global-programmes-will-be-hit-by-Thai-and-Japan-losses/ Mon, 20 Feb 2012 10:46:00 +0000 http://www.commercialriskeurope.com/cre/1234/15/Year-end-renewals-suggest-global-programmes-will-be-hit-by-Thai-and-Japan-losses/ http://www.commercialriskeurope.com/cre/1233/15/Global-property-catastrophe-RATES-up-9-5-but-casualty-flat-European-markets-mixed-brokers/ The January 2012 renewals saw reinsurance prices continue the trend of 2011, with global property catastrophe rates generally heading upwards. However, with an excess of reinsurance capacity, prices were flat or even reducing in many regions for property and casualty... Mon, 20 Feb 2012 10:38:00 +0000 http://www.commercialriskeurope.com/cre/1233/15/Global-property-catastrophe-RATES-up-9-5-but-casualty-flat-European-markets-mixed-brokers/ http://www.commercialriskeurope.com/cre/1232/15/Trade-credit-market-hardening-again/ The threat of recession and trouble in the eurozone has put an end to an 18 month run of rate reductions in the highly competitive credit insurance market for large corporations. For now, coverage levels are being maintained, but with... Mon, 20 Feb 2012 10:32:00 +0000 http://www.commercialriskeurope.com/cre/1232/15/Trade-credit-market-hardening-again/ http://www.commercialriskeurope.com/cre/1231/15/P-I-market-hardening-as-claims-rise-and-solvency-rules-bite/ Mon, 20 Feb 2012 10:24:00 +0000 http://www.commercialriskeurope.com/cre/1231/15/P-I-market-hardening-as-claims-rise-and-solvency-rules-bite/ http://www.commercialriskeurope.com/cre/1230/15/Demand-for-global-credit-cover-rises-as-buyers-seek-to-control-aggregates/ Mon, 20 Feb 2012 10:16:00 +0000 http://www.commercialriskeurope.com/cre/1230/15/Demand-for-global-credit-cover-rises-as-buyers-seek-to-control-aggregates/ http://www.commercialriskeurope.com/cre/1227/15/A-risk-in-time/ It was not so long ago that trying to sell cyber coverage was like trying to sell vacuum cleaners on the doorstep. Awareness of the potential exposures among risk managers has, however, risen dramatically and insurers are working hard to... Fri, 17 Feb 2012 15:59:00 +0000 http://www.commercialriskeurope.com/cre/1227/15/A-risk-in-time/ http://www.commercialriskeurope.com/cre/1226/15/Boards-must-take-audit-more-seriously-to-avoid-additional-legislation/ The recent financial crisis has once again persuaded politicians that standards of corporate governance and audit in Europe need to be improved. Most risk managers are keen to avoid the introduction of another round of burdensome new rules and Ferma... Fri, 17 Feb 2012 15:48:00 +0000 http://www.commercialriskeurope.com/cre/1226/15/Boards-must-take-audit-more-seriously-to-avoid-additional-legislation/ http://www.commercialriskeurope.com/cre/1225/15/Global-reach-demands-sharper-focus-on-corruption-claims-Burbidge-King/ Fri, 17 Feb 2012 15:24:00 +0000 http://www.commercialriskeurope.com/cre/1225/15/Global-reach-demands-sharper-focus-on-corruption-claims-Burbidge-King/ http://www.commercialriskeurope.com/cre/1224/15/Parmalat-Ahold-and-the-long-road-to-EC-action/ Fri, 17 Feb 2012 15:10:00 +0000 http://www.commercialriskeurope.com/cre/1224/15/Parmalat-Ahold-and-the-long-road-to-EC-action/ http://www.commercialriskeurope.com/cre/1223/15/Educated-future/ The education of risk managers for the future is one of the priorities of Association pour le Management des Risques et de l’Assurance des Entreprises, AMRAE, France’s risk management association, and it is offering a busy calendar of courses and... Fri, 17 Feb 2012 15:01:00 +0000 http://www.commercialriskeurope.com/cre/1223/15/Educated-future/ http://www.commercialriskeurope.com/cre/1222/15/Less-talk-more-action-on-risk-management-needed/ Fri, 17 Feb 2012 14:51:00 +0000 http://www.commercialriskeurope.com/cre/1222/15/Less-talk-more-action-on-risk-management-needed/ http://www.commercialriskeurope.com/cre/1219/15/Inability-to-accurately-value-information-is-holding-back-cyber-insurance/ Risk managers must do more to accurately articulate their cyber risk concerns to insurers if this evolving area of insurance is to properly develop, Mark Fishleigh, Head of Insurance at UK-based information security firm BAE Systems Detica, told an audience... Fri, 17 Feb 2012 10:52:00 +0000 http://www.commercialriskeurope.com/cre/1219/15/Inability-to-accurately-value-information-is-holding-back-cyber-insurance/ http://www.commercialriskeurope.com/cre/1218/15/Report-for-EC-finds-problems-with-nat-cat-insurance-markets/ Fri, 17 Feb 2012 10:51:00 +0000 http://www.commercialriskeurope.com/cre/1218/15/Report-for-EC-finds-problems-with-nat-cat-insurance-markets/ http://www.commercialriskeurope.com/cre/1221/15/Risk-glass-ceiling-and-not-fit-for-purpose-boards-biggest-reputational-threat/ Recent corporate crises, and the resulting damage to reputation and brand, have largely been the result of boards not being fit for purpose and the inability of risk managers to report on risks to the board due to a risk... Fri, 17 Feb 2012 10:50:00 +0000 http://www.commercialriskeurope.com/cre/1221/15/Risk-glass-ceiling-and-not-fit-for-purpose-boards-biggest-reputational-threat/ http://www.commercialriskeurope.com/cre/1217/15/Thai-flood-costs-to-mount-as-buyers-face-higher-premiums-and-loss-of-cover/ As the costs of the Thai flooding in November of last year continue to mount, rating agencies have this week warned of additional upward revisions to initial loss estimates for this 'un-modelled event' and higher premiums and less available cover... Fri, 17 Feb 2012 10:38:00 +0000 http://www.commercialriskeurope.com/cre/1217/15/Thai-flood-costs-to-mount-as-buyers-face-higher-premiums-and-loss-of-cover/ http://www.commercialriskeurope.com/cre/1213/15/Deutsche-Bank-D-O-insurers-likely-to-hold-firm-in-Kirch-case/ Deutsche Bank’s D&O insurers will probably not be involved in financing the settlement agreed by the bank with Leo Kirch’s heirs, according to a leading expert. Mr Kirch, whose media group included the German TV channels Sat 1, ProSieben and... Fri, 17 Feb 2012 10:32:00 +0000 http://www.commercialriskeurope.com/cre/1213/15/Deutsche-Bank-D-O-insurers-likely-to-hold-firm-in-Kirch-case/ http://www.commercialriskeurope.com/cre/1214/15/Insurers-overwhelmingly-concerned-about-data-requirements-of-Solvency-II/ Fri, 17 Feb 2012 10:31:00 +0000 http://www.commercialriskeurope.com/cre/1214/15/Insurers-overwhelmingly-concerned-about-data-requirements-of-Solvency-II/ http://www.commercialriskeurope.com/cre/1212/15/Latin-American-insurance-market-up-18-1-but-penetration-remains-stunted/ The insurance market continues to post solid rates of growth in Latin America, but the region still has a long way to go before it reaches the level of insurance penetration posted in the developed world, according to a recent... Fri, 17 Feb 2012 10:30:00 +0000 http://www.commercialriskeurope.com/cre/1212/15/Latin-American-insurance-market-up-18-1-but-penetration-remains-stunted/ http://www.commercialriskeurope.com/cre/1215/15/Corporate-round-up/ Fri, 17 Feb 2012 10:12:00 +0000 http://www.commercialriskeurope.com/cre/1215/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1210/15/S-P-raises-P-I-capital-concerns/ Fri, 17 Feb 2012 09:45:00 +0000 http://www.commercialriskeurope.com/cre/1210/15/S-P-raises-P-I-capital-concerns/ http://www.commercialriskeurope.com/cre/1209/15/Roland-Rechtsschutz-Versicherung-appoints-Bettina-Hesse-to-board/ Fri, 17 Feb 2012 09:39:00 +0000 http://www.commercialriskeurope.com/cre/1209/15/Roland-Rechtsschutz-Versicherung-appoints-Bettina-Hesse-to-board/ http://www.commercialriskeurope.com/cre/1208/15/JLT-expands-reach-in-Spain-as-it-combines-with-Unipsa/ JLT has expanded its partner network in Spain by merging its existing Spanish retail broking business JLT-SIACI Espana S.L. with the business of March - Unipsa Correduria de Seguros, S.A.U. (Unipsa), the fourth largest commercial insurance broker in Spain and... Fri, 17 Feb 2012 09:19:00 +0000 http://www.commercialriskeurope.com/cre/1208/15/JLT-expands-reach-in-Spain-as-it-combines-with-Unipsa/ http://www.commercialriskeurope.com/cre/1211/15/IRM-publishes-Turkish-version-of-ISO-31000-guide/ Fri, 17 Feb 2012 09:00:00 +0000 http://www.commercialriskeurope.com/cre/1211/15/IRM-publishes-Turkish-version-of-ISO-31000-guide/ http://www.commercialriskeurope.com/cre/1220/15/Litmus-launches-training-to-better-understand-insurer-numbers/ Litmus Anlaysis, the specialist advisory firm that helps explain the mysteries of credit ratings and insurance company accounts, is holding its first dedicated training session next Thursday in London designed to help users of insurance and reinsurance companies better understand... Fri, 17 Feb 2012 08:58:00 +0000 http://www.commercialriskeurope.com/cre/1220/15/Litmus-launches-training-to-better-understand-insurer-numbers/ http://www.commercialriskeurope.com/cre/1207/15/In-spite-of-progress-experts-say-tough-tasks-lie-ahead-for-risk-managers/ European risk managers have achieved much in recent years, but they still have plenty of work ahead, according to a panel of leading risk managers from across the continent. On the final day of the 20 th Les Rencontres d'Amrae,... Mon, 13 Feb 2012 13:00:00 +0000 http://www.commercialriskeurope.com/cre/1207/15/In-spite-of-progress-experts-say-tough-tasks-lie-ahead-for-risk-managers/ http://www.commercialriskeurope.com/cre/1206/15/New-approach-needed-to-cope-with-the-global-economy-Van-Santen/ The insurance industry needs to adapt its traditional model to help customers cope with the new realities of the global economy or run the risk of becoming increasingly irrelevant, according to a leading figure in the French risk and insurance... Mon, 13 Feb 2012 12:01:00 +0000 http://www.commercialriskeurope.com/cre/1206/15/New-approach-needed-to-cope-with-the-global-economy-Van-Santen/ http://www.commercialriskeurope.com/cre/1205/15/Risk-managers-urged-to-increase-involvement-in-M-A-s/ Mon, 13 Feb 2012 11:58:00 +0000 http://www.commercialriskeurope.com/cre/1205/15/Risk-managers-urged-to-increase-involvement-in-M-A-s/ http://www.commercialriskeurope.com/cre/1204/15/S-P-expects-Eurozone-to-stay-together-as-growth-returns/ Standard & Poor's (S&P) does not expect the Eurozone to break up, adding that it should gradually climb out of its current mild recession in the second half of this year and into 2013. The rating agency projects flat GDP... Mon, 13 Feb 2012 11:51:00 +0000 http://www.commercialriskeurope.com/cre/1204/15/S-P-expects-Eurozone-to-stay-together-as-growth-returns/ http://www.commercialriskeurope.com/cre/1203/15/Insurance-leaders-remind-buyers-that-innovation-costs-money/ Mon, 13 Feb 2012 11:47:00 +0000 http://www.commercialriskeurope.com/cre/1203/15/Insurance-leaders-remind-buyers-that-innovation-costs-money/ http://www.commercialriskeurope.com/cre/1202/15/Plus-ca-change-plus-c-est-la-meme-chose/ Insurance bosses were invited by AMRAE to debate in Deauville whether anything has changed in the insurance industry since the first Les Rencontres, back in 1993.But maybe the question should have been whether anything has not changed in the past... Mon, 13 Feb 2012 11:44:00 +0000 http://www.commercialriskeurope.com/cre/1202/15/Plus-ca-change-plus-c-est-la-meme-chose/ http://www.commercialriskeurope.com/cre/1201/15/Lower-prices-and-higher-risks-boost-D-O-in-global-program-free-Brazil/ Mon, 13 Feb 2012 11:40:00 +0000 http://www.commercialriskeurope.com/cre/1201/15/Lower-prices-and-higher-risks-boost-D-O-in-global-program-free-Brazil/ http://www.commercialriskeurope.com/cre/1200/15/Buyers-angry-as-cat-rates-rise-and-limits-fall-global-programmes-under-threat/ Mon, 13 Feb 2012 11:34:00 +0000 http://www.commercialriskeurope.com/cre/1200/15/Buyers-angry-as-cat-rates-rise-and-limits-fall-global-programmes-under-threat/ http://www.commercialriskeurope.com/cre/1199/15/French-risk-managers-grapple-with-rising-pan-European-civil-liabilities/ French companies face a growing number of liability risks derived from domestic legislation and rules that emanate from the European Union. They also increasingly have to adapt to different interpretations of liability law in foreign markets where they derive much... Mon, 13 Feb 2012 11:26:00 +0000 http://www.commercialriskeurope.com/cre/1199/15/French-risk-managers-grapple-with-rising-pan-European-civil-liabilities/ http://www.commercialriskeurope.com/cre/1198/15/The-captive-question/ Philippe Vienot of BNP Paribas ran AMRAE’s key session on captives and Solvency II again at this year’s conference. Mr Vienot told Rodrigo Amaral about some of the key challenges that risk managers must tackle in this critical area and... Mon, 13 Feb 2012 11:20:00 +0000 http://www.commercialriskeurope.com/cre/1198/15/The-captive-question/ http://www.commercialriskeurope.com/cre/1197/15/AMRAE-to-reach-out-to-French-speaking-world/ AMRAE reaches its 20th anniversary feeling 'passionate, dynamic and ambitious' and keen to boost its international presence, according to the association's boss. Speaking at the opening session of this year's Les Rencontres d'AMRAE in Deauville, president Gilbert Canameras promised plenty... Thu, 09 Feb 2012 18:10:00 +0000 http://www.commercialriskeurope.com/cre/1197/15/AMRAE-to-reach-out-to-French-speaking-world/ http://www.commercialriskeurope.com/cre/1196/15/AXA-warns-on-likelihood-of-capacity-shortfall-to-meet-demand-for-CBI/ Thu, 09 Feb 2012 18:05:00 +0000 http://www.commercialriskeurope.com/cre/1196/15/AXA-warns-on-likelihood-of-capacity-shortfall-to-meet-demand-for-CBI/ http://www.commercialriskeurope.com/cre/1195/15/Captives-and-cat-risk-top-list-of-AMRAE-concerns/ Thu, 09 Feb 2012 17:48:00 +0000 http://www.commercialriskeurope.com/cre/1195/15/Captives-and-cat-risk-top-list-of-AMRAE-concerns/ http://www.commercialriskeurope.com/cre/1194/15/Careless-employees-boost-risks-with-tablets-and-smartphones-says-survey/ Thu, 09 Feb 2012 17:44:00 +0000 http://www.commercialriskeurope.com/cre/1194/15/Careless-employees-boost-risks-with-tablets-and-smartphones-says-survey/ http://www.commercialriskeurope.com/cre/1193/15/The-long-and-sometimes-bumpy-road-to-recovery/ At AMRAE 2009 rival insurers were frustrated by Chartis' allegedly unfair and desperate bids to retain business by slashing rates—thanks to US government backing. Most customers stayed loyal and the AIG group is now back on track. Recent restructurings and... Thu, 09 Feb 2012 17:28:00 +0000 http://www.commercialriskeurope.com/cre/1193/15/The-long-and-sometimes-bumpy-road-to-recovery/ http://www.commercialriskeurope.com/cre/1192/15/Buyers-eye-lower-premiums-from-nat-cat-reform/ Thu, 09 Feb 2012 17:20:00 +0000 http://www.commercialriskeurope.com/cre/1192/15/Buyers-eye-lower-premiums-from-nat-cat-reform/ http://www.commercialriskeurope.com/cre/1191/15/The-crown-jewels/ Thu, 09 Feb 2012 17:11:00 +0000 http://www.commercialriskeurope.com/cre/1191/15/The-crown-jewels/ http://www.commercialriskeurope.com/cre/1229/15/Repent-at-leisure/ Adrian Ladbury discovered in an interview with AMRAE Chairman Gilbert Canameras and Director General Gérard Lancner earlier this month that AMRAE for one is keen to use the experience of the past 20 years to help an ever wider pool... Wed, 08 Feb 2012 16:29:00 +0000 http://www.commercialriskeurope.com/cre/1229/15/Repent-at-leisure/ http://www.commercialriskeurope.com/cre/1228/15/Buyers-get-picky-and-turn-to-self-insurance-in-France/ Tue, 07 Feb 2012 16:21:00 +0000 http://www.commercialriskeurope.com/cre/1228/15/Buyers-get-picky-and-turn-to-self-insurance-in-France/ http://www.commercialriskeurope.com/cre/1179/15/Costa-faces-class-action-lawsuit-over-Concordia-disaster/ Thu, 02 Feb 2012 09:05:00 +0000 http://www.commercialriskeurope.com/cre/1179/15/Costa-faces-class-action-lawsuit-over-Concordia-disaster/ http://www.commercialriskeurope.com/cre/1180/15/Risk-managers-need-to-wake-up-to-solar-wind-power-threat/ The scenario would be a catastrophe for industrial companies and the health care industry: a power blackout which paralyses the production of important high-voltage transformers for several hours. A whole region is in the dark, industrial cooling systems break down,... Thu, 02 Feb 2012 09:04:00 +0000 http://www.commercialriskeurope.com/cre/1180/15/Risk-managers-need-to-wake-up-to-solar-wind-power-threat/ http://www.commercialriskeurope.com/cre/1181/15/Legal-tussles-commence-over-faulty-breast-implants-as-Mas-arrested/ Thu, 02 Feb 2012 09:03:00 +0000 http://www.commercialriskeurope.com/cre/1181/15/Legal-tussles-commence-over-faulty-breast-implants-as-Mas-arrested/ http://www.commercialriskeurope.com/cre/1182/15/Companies-need-to-step-up-data-security-management-urges-German-broker/ Thu, 02 Feb 2012 09:02:00 +0000 http://www.commercialriskeurope.com/cre/1182/15/Companies-need-to-step-up-data-security-management-urges-German-broker/ http://www.commercialriskeurope.com/cre/1183/15/Fitch-acts-on-Italy-and-Spain-Generali-unaffected-but-Fondiaria-and-Mapfre-downgraded/ Thu, 02 Feb 2012 09:01:00 +0000 http://www.commercialriskeurope.com/cre/1183/15/Fitch-acts-on-Italy-and-Spain-Generali-unaffected-but-Fondiaria-and-Mapfre-downgraded/ http://www.commercialriskeurope.com/cre/1184/15/South-African-insurance-market-strong-despite-economic-pressures-Fitch/ Thu, 02 Feb 2012 09:00:00 +0000 http://www.commercialriskeurope.com/cre/1184/15/South-African-insurance-market-strong-despite-economic-pressures-Fitch/ http://www.commercialriskeurope.com/cre/1185/15/Commission-asks-Italy-to-strengthen-laws-on-environmental-liability/ Thu, 02 Feb 2012 08:59:00 +0000 http://www.commercialriskeurope.com/cre/1185/15/Commission-asks-Italy-to-strengthen-laws-on-environmental-liability/ http://www.commercialriskeurope.com/cre/1186/15/Mandatory-notification-of-breaches-of-EC-agenda-for-cyber-security/ Thu, 02 Feb 2012 08:58:00 +0000 http://www.commercialriskeurope.com/cre/1186/15/Mandatory-notification-of-breaches-of-EC-agenda-for-cyber-security/ http://www.commercialriskeurope.com/cre/1187/15/EU-welcomes-WTO-ruling-against-Chinese-export-restraints-on-raw-materials/ Thu, 02 Feb 2012 08:57:00 +0000 http://www.commercialriskeurope.com/cre/1187/15/EU-welcomes-WTO-ruling-against-Chinese-export-restraints-on-raw-materials/ http://www.commercialriskeurope.com/cre/1188/15/EC-proposal-adds-15-new-substances-to-water-pollution-list/ Improvements in water quality in the EU could be at risk from new forms of chemical pollution and so the European Commission has proposed to add 15 chemicals to the list of 33 pollutants that are monitored and controlled in... Thu, 02 Feb 2012 08:56:00 +0000 http://www.commercialriskeurope.com/cre/1188/15/EC-proposal-adds-15-new-substances-to-water-pollution-list/ http://www.commercialriskeurope.com/cre/1189/15/Commission-acts-to-protect-Bulgarian-policyholders/ The European Commission late last week acted to ensure that Bulgarian voluntary health insurance undertakings are subject to EU insurance rules because it fears that the Republic of Bulgaria has failed to apply the First and Third Non-life Insurance Directives... Thu, 02 Feb 2012 08:55:00 +0000 http://www.commercialriskeurope.com/cre/1189/15/Commission-acts-to-protect-Bulgarian-policyholders/ http://www.commercialriskeurope.com/cre/1190/15/French-non-life-sector-picks-up-with-growth-in-2011/ Thu, 02 Feb 2012 08:53:00 +0000 http://www.commercialriskeurope.com/cre/1190/15/French-non-life-sector-picks-up-with-growth-in-2011/ http://www.commercialriskeurope.com/cre/1168/15/German-insurers-demand-more-information-to-achieve-innovation/ Wed, 25 Jan 2012 13:24:00 +0000 http://www.commercialriskeurope.com/cre/1168/15/German-insurers-demand-more-information-to-achieve-innovation/ http://www.commercialriskeurope.com/cre/1169/15/Lawyers-prepare-for-battle-over-Concordia-victims-as-toll-mounts/ Wed, 25 Jan 2012 13:23:00 +0000 http://www.commercialriskeurope.com/cre/1169/15/Lawyers-prepare-for-battle-over-Concordia-victims-as-toll-mounts/ http://www.commercialriskeurope.com/cre/1170/15/EC-steps-up-pressure-on-maritime-safety-following-Concordia-disaster/ Wed, 25 Jan 2012 13:22:00 +0000 http://www.commercialriskeurope.com/cre/1170/15/EC-steps-up-pressure-on-maritime-safety-following-Concordia-disaster/ http://www.commercialriskeurope.com/cre/1171/15/Marsh-forecasts-rising-rates-for-loss-hit-EMEA-risks/ Wed, 25 Jan 2012 13:21:00 +0000 http://www.commercialriskeurope.com/cre/1171/15/Marsh-forecasts-rising-rates-for-loss-hit-EMEA-risks/ http://www.commercialriskeurope.com/cre/1172/15/Gras-Savoye-s-new-organisation-strengthens-Willis-ties/ Wed, 25 Jan 2012 13:20:00 +0000 http://www.commercialriskeurope.com/cre/1172/15/Gras-Savoye-s-new-organisation-strengthens-Willis-ties/ http://www.commercialriskeurope.com/cre/1173/15/HDI-continues-expansion-as-parent-swoops-on-Poland-s-Warta/ Wed, 25 Jan 2012 13:19:00 +0000 http://www.commercialriskeurope.com/cre/1173/15/HDI-continues-expansion-as-parent-swoops-on-Poland-s-Warta/ http://www.commercialriskeurope.com/cre/1174/15/Further-sharp-increase-in-UK-product-recalls-in-2011/ Wed, 25 Jan 2012 13:18:00 +0000 http://www.commercialriskeurope.com/cre/1174/15/Further-sharp-increase-in-UK-product-recalls-in-2011/ http://www.commercialriskeurope.com/cre/1175/15/Unplanned-IT-and-telecom-outages-is-leading-threat-to-business/ Wed, 25 Jan 2012 13:17:00 +0000 http://www.commercialriskeurope.com/cre/1175/15/Unplanned-IT-and-telecom-outages-is-leading-threat-to-business/ http://www.commercialriskeurope.com/cre/1176/15/Fitch-sees-Bermuda-market-as-fundamentally-resilient/ Wed, 25 Jan 2012 13:16:00 +0000 http://www.commercialriskeurope.com/cre/1176/15/Fitch-sees-Bermuda-market-as-fundamentally-resilient/ http://www.commercialriskeurope.com/cre/1177/15/Commission-launches-debate-on-corporate-restructuring/ Wed, 25 Jan 2012 13:15:00 +0000 http://www.commercialriskeurope.com/cre/1177/15/Commission-launches-debate-on-corporate-restructuring/ http://www.commercialriskeurope.com/cre/1178/15/ACE-opens-Ukrainian-office/ Wed, 25 Jan 2012 13:14:00 +0000 http://www.commercialriskeurope.com/cre/1178/15/ACE-opens-Ukrainian-office/ http://www.commercialriskeurope.com/cre/1156/15/BI-problems-spark-fresh-call-for-innovation-from-top-German-risk-manager/ Thu, 19 Jan 2012 13:53:00 +0000 http://www.commercialriskeurope.com/cre/1156/15/BI-problems-spark-fresh-call-for-innovation-from-top-German-risk-manager/ http://www.commercialriskeurope.com/cre/1157/15/Insurers-braced-for-over-500m-in-claims-from-Costa/ Thu, 19 Jan 2012 13:52:00 +0000 http://www.commercialriskeurope.com/cre/1157/15/Insurers-braced-for-over-500m-in-claims-from-Costa/ http://www.commercialriskeurope.com/cre/1158/15/Guernsey-captive-numbers-up-as-Fitch-stresses-Solvency-II-threat/ Fitch Ratings has warned that Solvency II poses 'significant challenges' for the European captive market in the same week that Guernsey, which will not apply the new capital rules, announced a strong increase in captives registered, partly because of its... Thu, 19 Jan 2012 13:51:00 +0000 http://www.commercialriskeurope.com/cre/1158/15/Guernsey-captive-numbers-up-as-Fitch-stresses-Solvency-II-threat/ http://www.commercialriskeurope.com/cre/1159/15/BI-and-economic-risks-top-agenda-finds-AGCS-survey/ Thu, 19 Jan 2012 13:50:00 +0000 http://www.commercialriskeurope.com/cre/1159/15/BI-and-economic-risks-top-agenda-finds-AGCS-survey/ http://www.commercialriskeurope.com/cre/1160/15/Less-talk-more-action-on-risk-management-needed/ Thu, 19 Jan 2012 13:49:00 +0000 http://www.commercialriskeurope.com/cre/1160/15/Less-talk-more-action-on-risk-management-needed/ http://www.commercialriskeurope.com/cre/1161/15/Reinsurance-trade-groups-warn-of-damage-caused-by-protectionist-regulations/ Thu, 19 Jan 2012 13:48:00 +0000 http://www.commercialriskeurope.com/cre/1161/15/Reinsurance-trade-groups-warn-of-damage-caused-by-protectionist-regulations/ http://www.commercialriskeurope.com/cre/1162/15/Broker-focuses-on-risks-of-Iranian-nuclear-plans/ JLT’s World Risk Review has published its latest risk report on Iran, entitled Iran and the International Atomic Energy Agency (IAEA) . The report focuses on the regime’s nuclear programme, including a detailed analysis of the country’s apparent efforts to... Thu, 19 Jan 2012 13:47:00 +0000 http://www.commercialriskeurope.com/cre/1162/15/Broker-focuses-on-risks-of-Iranian-nuclear-plans/ http://www.commercialriskeurope.com/cre/1163/15/US-insurance-leaders-believe-recovery-underway-Deloitte-not-so-sure/ Thu, 19 Jan 2012 13:46:00 +0000 http://www.commercialriskeurope.com/cre/1163/15/US-insurance-leaders-believe-recovery-underway-Deloitte-not-so-sure/ http://www.commercialriskeurope.com/cre/1164/15/Ergo-seeks-growth-in-Austrian-Dutch-and-French-industrial-insurance-markets/ Thu, 19 Jan 2012 13:45:00 +0000 http://www.commercialriskeurope.com/cre/1164/15/Ergo-seeks-growth-in-Austrian-Dutch-and-French-industrial-insurance-markets/ http://www.commercialriskeurope.com/cre/1165/15/Air-France-s-very-expensive-cup-of-coffee/ Thu, 19 Jan 2012 13:44:00 +0000 http://www.commercialriskeurope.com/cre/1165/15/Air-France-s-very-expensive-cup-of-coffee/ http://www.commercialriskeurope.com/cre/1166/15/Chartis-and-Marsh-appoint-Schimek-and-South-to-lead-European-operations/ Robert Schimek has been named the CEO of Chartis EMEA (Europe, Middle East and Africa) as part of group CEO Peter Hancock's ongoing effort to make the global insurer more streamlined, efficient and reactive to customer needs (see Hot Seat... Thu, 19 Jan 2012 13:43:00 +0000 http://www.commercialriskeurope.com/cre/1166/15/Chartis-and-Marsh-appoint-Schimek-and-South-to-lead-European-operations/ http://www.commercialriskeurope.com/cre/1167/15/Aon-Corp-relocates-headquarters-to-London/ Aon Corporation is to move its corporate headquarters to London. Aon said that the move 'provides greater access to emerging markets and takes better advantage of the strategic proximity to Lloyd's and the London market as one of the key... Thu, 19 Jan 2012 13:41:00 +0000 http://www.commercialriskeurope.com/cre/1167/15/Aon-Corp-relocates-headquarters-to-London/ http://www.commercialriskeurope.com/cre/1144/15/World-Economic-Forum-says-socioeconomic-risks-now-top-agenda/ The world has seen a shift of concern from environmental risks to socioeconomic risks in the past year, according to the World Economic Forum in its Global Risks 2012 report. Chronic fiscal imbalances and severe income disparity are the risks... Fri, 13 Jan 2012 11:40:00 +0000 http://www.commercialriskeurope.com/cre/1144/15/World-Economic-Forum-says-socioeconomic-risks-now-top-agenda/ http://www.commercialriskeurope.com/cre/1145/15/Companies-not-ready-for-new-Russian-liability-law-on-hazardous-materials/ Organisations that operate in the Russian Federation have been warned to take note of new legislation that could affect insurance requirements in the country. Stringent new legislation that relates to the management and insurance of plants that deal in hazardous... Fri, 13 Jan 2012 11:39:00 +0000 http://www.commercialriskeurope.com/cre/1145/15/Companies-not-ready-for-new-Russian-liability-law-on-hazardous-materials/ http://www.commercialriskeurope.com/cre/1146/15/Political-credit-and-security-cover-buyers-can-expect-softening-market-in-2012-JLT/ Fri, 13 Jan 2012 11:38:00 +0000 http://www.commercialriskeurope.com/cre/1146/15/Political-credit-and-security-cover-buyers-can-expect-softening-market-in-2012-JLT/ http://www.commercialriskeurope.com/cre/1147/15/It-s-official-Year-end-renewals-signal-calm-year-for-corporate-insurance-buyers/ Fri, 13 Jan 2012 11:37:00 +0000 http://www.commercialriskeurope.com/cre/1147/15/It-s-official-Year-end-renewals-signal-calm-year-for-corporate-insurance-buyers/ http://www.commercialriskeurope.com/cre/1148/15/Association-News/ Fri, 13 Jan 2012 11:36:00 +0000 http://www.commercialriskeurope.com/cre/1148/15/Association-News/ http://www.commercialriskeurope.com/cre/1149/15/Recession-will-bite-in-2012-but-green-shoots-evident/ Intro – CRE Editor Adrian Ladbury reviews the latest forecasts for the European and global economy in 2012 and beyond as the year gets underway. It will be tough, especially in Europe, and emerging markets will begin to slow. But... Fri, 13 Jan 2012 11:35:00 +0000 http://www.commercialriskeurope.com/cre/1149/15/Recession-will-bite-in-2012-but-green-shoots-evident/ http://www.commercialriskeurope.com/cre/1150/15/Insurer-M-A-activity-will-continue-to-increase-in-2012/ Fri, 13 Jan 2012 11:34:00 +0000 http://www.commercialriskeurope.com/cre/1150/15/Insurer-M-A-activity-will-continue-to-increase-in-2012/ http://www.commercialriskeurope.com/cre/1151/15/Plentiful-capacity-for-global-insurance-market-in-2012/ Fri, 13 Jan 2012 11:33:00 +0000 http://www.commercialriskeurope.com/cre/1151/15/Plentiful-capacity-for-global-insurance-market-in-2012/ http://www.commercialriskeurope.com/cre/1152/15/New-managing-agent-to-bring-200m-of-nuclear-insurance-capacity/ Fri, 13 Jan 2012 11:32:00 +0000 http://www.commercialriskeurope.com/cre/1152/15/New-managing-agent-to-bring-200m-of-nuclear-insurance-capacity/ http://www.commercialriskeurope.com/cre/1153/15/Market-continues-to-count-2011-cat-loss/ Fri, 13 Jan 2012 11:31:00 +0000 http://www.commercialriskeurope.com/cre/1153/15/Market-continues-to-count-2011-cat-loss/ http://www.commercialriskeurope.com/cre/1154/15/Rena-losses-likely-to-hit-150m/ Containership Rena which ran aground off the New Zealand coast in October 2011 has caused losses amounting to more than $100m according to estimates by the German subsidiary of US broker Aon. "We assume that the total volume of losses... Fri, 13 Jan 2012 11:29:00 +0000 http://www.commercialriskeurope.com/cre/1154/15/Rena-losses-likely-to-hit-150m/ http://www.commercialriskeurope.com/cre/1155/15/Corporate-Round-Up/ Fri, 13 Jan 2012 11:28:00 +0000 http://www.commercialriskeurope.com/cre/1155/15/Corporate-Round-Up/ http://www.commercialriskeurope.com/cre/1138/15/Reinsurers-fail-to-impose-big-rate-increases-as-capital-levels-hold-up/ Thu, 05 Jan 2012 15:44:00 +0000 http://www.commercialriskeurope.com/cre/1138/15/Reinsurers-fail-to-impose-big-rate-increases-as-capital-levels-hold-up/ http://www.commercialriskeurope.com/cre/1139/15/Brokers-need-to-focus-on-own-liability-risks-as-well-as-clients-German-experts/ This case set off alarm bells in the industry: In 2007 the state of Alaska sued the consulting company Mercer which belongs to the major broker, Marsh McLennan Cos, for $2.8bn. The company had given faulty advice to two pension... Thu, 05 Jan 2012 15:43:00 +0000 http://www.commercialriskeurope.com/cre/1139/15/Brokers-need-to-focus-on-own-liability-risks-as-well-as-clients-German-experts/ http://www.commercialriskeurope.com/cre/1140/15/Munich-Re-confirms-2011-costliest-disaster-year-ever/ Last year was the costliest year ever in terms of natural catastrophe losses, according to Munich Re's analysis of the full year. The German-based reinsurer estimates that at about $380bn, global economic losses were nearly two-thirds higher than in 2005,... Thu, 05 Jan 2012 15:42:00 +0000 http://www.commercialriskeurope.com/cre/1140/15/Munich-Re-confirms-2011-costliest-disaster-year-ever/ http://www.commercialriskeurope.com/cre/1141/15/EC-urges-innovative-insurance-industry-to-apply-gender-ruling-fairly/ Thu, 05 Jan 2012 15:41:00 +0000 http://www.commercialriskeurope.com/cre/1141/15/EC-urges-innovative-insurance-industry-to-apply-gender-ruling-fairly/ http://www.commercialriskeurope.com/cre/1142/15/Improved-risk-management-at-state-level-part-of-EC-disaster-plan/ The European Commission has proposed legislation to strengthen European cooperation in civil protection that it says will provide a more 'efficient, effective and rapid' response to disasters as well as enhanced prevention and preparedness actions including improved risk management by... Thu, 05 Jan 2012 15:40:00 +0000 http://www.commercialriskeurope.com/cre/1142/15/Improved-risk-management-at-state-level-part-of-EC-disaster-plan/ http://www.commercialriskeurope.com/cre/1143/15/Marsh-completes-Alexander-Forbes-acquisition/ Broker Marsh has completed its previously agreed acquisition of the brokerage business of Alexander Forbes (AF) which includes its South African insurance broking operations, Alexander Forbes Risk Services (AFRS) and related ancillary operations, as well as AF's insurance broking operations... Thu, 05 Jan 2012 15:39:00 +0000 http://www.commercialriskeurope.com/cre/1143/15/Marsh-completes-Alexander-Forbes-acquisition/ http://www.commercialriskeurope.com/cre/1130/15/Another-challenging-year-forecast-in-2012-as-risk-horizons-continue-to-broaden/ Thu, 22 Dec 2011 15:00:00 +0000 http://www.commercialriskeurope.com/cre/1130/15/Another-challenging-year-forecast-in-2012-as-risk-horizons-continue-to-broaden/ http://www.commercialriskeurope.com/cre/1131/15/FERMA-survey-confirms-risk-manager-concerns-over-supply-chain-insurance/ Thu, 22 Dec 2011 14:59:00 +0000 http://www.commercialriskeurope.com/cre/1131/15/FERMA-survey-confirms-risk-manager-concerns-over-supply-chain-insurance/ http://www.commercialriskeurope.com/cre/1132/15/Profitability-is-main-challenge-in-emerging-markets-Swiss-Re/ International insurers will continue to see strong growth in emerging markets that has so far been driven by a ‘favourable’ economic and regulatory environment. But it will be increasingly difficult for companies to make decent profits as persistently low interest... Thu, 22 Dec 2011 14:58:00 +0000 http://www.commercialriskeurope.com/cre/1132/15/Profitability-is-main-challenge-in-emerging-markets-Swiss-Re/ http://www.commercialriskeurope.com/cre/1133/15/Fitch-Brazilian-insurance-growth-to-slow-capital-outflow-from-Russia-sharply-up-as-political-risk-rises/ Thu, 22 Dec 2011 14:58:00 +0000 http://www.commercialriskeurope.com/cre/1133/15/Fitch-Brazilian-insurance-growth-to-slow-capital-outflow-from-Russia-sharply-up-as-political-risk-rises/ http://www.commercialriskeurope.com/cre/1134/15/Beazley-confirms-interest-in-Hardy-bid-again-analysts-say-it-makes-sense/ Thu, 22 Dec 2011 14:57:00 +0000 http://www.commercialriskeurope.com/cre/1134/15/Beazley-confirms-interest-in-Hardy-bid-again-analysts-say-it-makes-sense/ http://www.commercialriskeurope.com/cre/1135/15/European-premiums-up-in-2010-despite-economic-woes-CEA/ Thu, 22 Dec 2011 14:56:00 +0000 http://www.commercialriskeurope.com/cre/1135/15/European-premiums-up-in-2010-despite-economic-woes-CEA/ http://www.commercialriskeurope.com/cre/1136/15/Swiss-Re-s-risk-management-helps-win-upgrade-as-Mapfre-placed-on-watch-negative/ Rating agency AM Best has upgraded the financial strength rating (FSR) of Swiss Re to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to ‘aa-’ from ‘a+’. The agency also upgraded the senior and subordinated debt of Swiss... Thu, 22 Dec 2011 14:56:00 +0000 http://www.commercialriskeurope.com/cre/1136/15/Swiss-Re-s-risk-management-helps-win-upgrade-as-Mapfre-placed-on-watch-negative/ http://www.commercialriskeurope.com/cre/1137/15/US-commercial-insurers-reserves-will-come-under-continued-pressure-Moody-s/ Thu, 22 Dec 2011 14:55:00 +0000 http://www.commercialriskeurope.com/cre/1137/15/US-commercial-insurers-reserves-will-come-under-continued-pressure-Moody-s/ http://www.commercialriskeurope.com/cre/1119/15/Risk-skills-need-improvement-to-meet-demands-of-EU-Company-Law-Directive/ Thu, 15 Dec 2011 05:48:00 +0000 http://www.commercialriskeurope.com/cre/1119/15/Risk-skills-need-improvement-to-meet-demands-of-EU-Company-Law-Directive/ http://www.commercialriskeurope.com/cre/1120/15/Risk-managers-have-18-months-to-sort-supply-chain-or-face-limits-or-loss-of-cover-Munich-Re/ Munich Re, the world’s biggest reinsurance group, has made it clear to customers that they have 18 months from January 1, 2012 to deliver far greater transparency on supply chains and, critically, how important suppliers would be replaced following an... Thu, 15 Dec 2011 05:47:00 +0000 http://www.commercialriskeurope.com/cre/1120/15/Risk-managers-have-18-months-to-sort-supply-chain-or-face-limits-or-loss-of-cover-Munich-Re/ http://www.commercialriskeurope.com/cre/1121/15/Rating-agencies-tighten-screw-on-insurers-as-sovereign-crisis-deepens/ Thu, 15 Dec 2011 05:46:00 +0000 http://www.commercialriskeurope.com/cre/1121/15/Rating-agencies-tighten-screw-on-insurers-as-sovereign-crisis-deepens/ http://www.commercialriskeurope.com/cre/1122/15/Zurich-pulls-brake-on-German-professional-business-as-reserves-boosted-by-70m/ Thu, 15 Dec 2011 05:45:00 +0000 http://www.commercialriskeurope.com/cre/1122/15/Zurich-pulls-brake-on-German-professional-business-as-reserves-boosted-by-70m/ http://www.commercialriskeurope.com/cre/1123/15/Crumbling-bricks-spell-risk-management-nightmare-for-respected-German-company/ Thu, 15 Dec 2011 05:44:00 +0000 http://www.commercialriskeurope.com/cre/1123/15/Crumbling-bricks-spell-risk-management-nightmare-for-respected-German-company/ http://www.commercialriskeurope.com/cre/1124/15/UK-announces-cuts-to-health-and-safety-legislation-and-demonstrates-need-for-risk-review-in-government/ Thu, 15 Dec 2011 05:42:00 +0000 http://www.commercialriskeurope.com/cre/1124/15/UK-announces-cuts-to-health-and-safety-legislation-and-demonstrates-need-for-risk-review-in-government/ http://www.commercialriskeurope.com/cre/1125/15/Groupama-raises-300m-to-boost-finances-as-Solvency-II-delayed-again/ It seems that insurers and captive owners will have to wait even longer for clarity on the exact requirements of Solvency II following the receipt of an update from the European Parliament this week that reveals that Omnibus II, the... Thu, 15 Dec 2011 05:41:00 +0000 http://www.commercialriskeurope.com/cre/1125/15/Groupama-raises-300m-to-boost-finances-as-Solvency-II-delayed-again/ http://www.commercialriskeurope.com/cre/1126/15/Lloyd-s-Risk-Index-reveals-global-concerns/ Thu, 15 Dec 2011 05:40:00 +0000 http://www.commercialriskeurope.com/cre/1126/15/Lloyd-s-Risk-Index-reveals-global-concerns/ http://www.commercialriskeurope.com/cre/1127/15/Reputational-risk-energy-supply-chain-and-cyber-risk-focus-for-Risk-Frontiers-in-London-February-15/ Thu, 15 Dec 2011 05:39:00 +0000 http://www.commercialriskeurope.com/cre/1127/15/Reputational-risk-energy-supply-chain-and-cyber-risk-focus-for-Risk-Frontiers-in-London-February-15/ http://www.commercialriskeurope.com/cre/1128/15/Power-market-still-waiting-for-market-hardening-Willis/ Thu, 15 Dec 2011 05:38:00 +0000 http://www.commercialriskeurope.com/cre/1128/15/Power-market-still-waiting-for-market-hardening-Willis/ http://www.commercialriskeurope.com/cre/1129/15/Willis-launches-online-placement-system-rising-crime-persuades-Haymarket-to-expand-and-Tala-launches-crisis-network-on-back-of-red24-deal/ Thu, 15 Dec 2011 05:38:00 +0000 http://www.commercialriskeurope.com/cre/1129/15/Willis-launches-online-placement-system-rising-crime-persuades-Haymarket-to-expand-and-Tala-launches-crisis-network-on-back-of-red24-deal/ http://www.commercialriskeurope.com/cre/1117/15/The-song-remains-the-same-Comment/ Mon, 12 Dec 2011 02:09:00 +0000 http://www.commercialriskeurope.com/cre/1117/15/The-song-remains-the-same-Comment/ http://www.commercialriskeurope.com/cre/1116/15/Slovenians-seek-improved-standards-through-Ferma-membership/ The Slovenian Association of Risk and Insurance Management (SI.RISK) was confirmed by the local authorities as an ‘official’ representative association on September 9, 2011 which meant that it was formally created just in time to join Ferma for its Forum... Mon, 12 Dec 2011 02:01:00 +0000 http://www.commercialriskeurope.com/cre/1116/15/Slovenians-seek-improved-standards-through-Ferma-membership/ http://www.commercialriskeurope.com/cre/1115/15/The-captive-question/ Tony Dowding asked a group of leading captive managers and other experts what they believe will be the key considerations for captives as Solvency II nears implementation. The fog is clearing but captive owners still face a few big unanswered... Mon, 12 Dec 2011 01:49:00 +0000 http://www.commercialriskeurope.com/cre/1115/15/The-captive-question/ http://www.commercialriskeurope.com/cre/1114/15/Retreat-enhance-or-tidy-up-are-core-options-for-captive-owners-under-Solvency-II/ Captive owners have some big decisions to make as the implementation date for Solvency II draws closer. Jonathan Groves of Chartis outlined some core strategic options to delegates at the recent Risk Frontiers conference on captives and Solvency II in... Mon, 12 Dec 2011 01:43:00 +0000 http://www.commercialriskeurope.com/cre/1114/15/Retreat-enhance-or-tidy-up-are-core-options-for-captive-owners-under-Solvency-II/ http://www.commercialriskeurope.com/cre/1113/15/Clear-strategy-communication-and-scenario-planning-critical-for-implementation-of-Solvency-II-for-captives/ Mon, 12 Dec 2011 01:38:00 +0000 http://www.commercialriskeurope.com/cre/1113/15/Clear-strategy-communication-and-scenario-planning-critical-for-implementation-of-Solvency-II-for-captives/ http://www.commercialriskeurope.com/cre/1112/15/South-American-risk-landscape-improving-but-prepare-for-big-differences-warns-Gil/ Latin America is a much easier place in which to do business than in the past, but European companies are still likely to encounter challenges as they seek to transfer their risks to the local insurance market for some time... Mon, 12 Dec 2011 01:34:00 +0000 http://www.commercialriskeurope.com/cre/1112/15/South-American-risk-landscape-improving-but-prepare-for-big-differences-warns-Gil/ http://www.commercialriskeurope.com/cre/1111/15/Don-t-be-fooled-by-common-language-in-Brazil/ Language may not be a big barrier for Spanish companies that are trying to make a splash in the fast growing Brazilian market. But the similarities between Spanish and Portuguese are of little help when it comes to compliance and... Mon, 12 Dec 2011 01:29:00 +0000 http://www.commercialriskeurope.com/cre/1111/15/Don-t-be-fooled-by-common-language-in-Brazil/ http://www.commercialriskeurope.com/cre/1110/15/Follow-the-facts-Greg-Case/ Greg Case, CEO of Aon, took part in the main debate at the Ferma Forum this year in Stockholm that was co-hosted by Commercial Risk Europe Editor Adrian Ladbury. Just prior to the discussion Mr Case told CRE why he... Mon, 12 Dec 2011 01:23:00 +0000 http://www.commercialriskeurope.com/cre/1110/15/Follow-the-facts-Greg-Case/ http://www.commercialriskeurope.com/cre/1109/15/An-open-book-Fredrik-Rosencrantz/ Fredrik Rosencrantz was appointed Head of Zurich Global Corporate in Europe on July 1 this year. He has been with Zurich for the last 13 years where he was appointed CEO first of Sweden and subsequently of the entire Nordic... Mon, 12 Dec 2011 01:16:00 +0000 http://www.commercialriskeurope.com/cre/1109/15/An-open-book-Fredrik-Rosencrantz/ http://www.commercialriskeurope.com/cre/1108/15/Risk-appetite-and-tolerance-in-the-spotlight-following-changes-to-UK-corporate-governance-code/ As individuals, we often talk about ourselves as being risk averse or risk takers, and the same is true of businesses and organisations. But as risk management has become more sophisticated there is now talk of risk appetite and risk... Mon, 12 Dec 2011 01:08:00 +0000 http://www.commercialriskeurope.com/cre/1108/15/Risk-appetite-and-tolerance-in-the-spotlight-following-changes-to-UK-corporate-governance-code/ http://www.commercialriskeurope.com/cre/1094/15/Evidence-mounts-of-capacity-crunch-for-CBI-coverage-as-Thai-losses-spiral/ Fri, 09 Dec 2011 12:21:00 +0000 http://www.commercialriskeurope.com/cre/1094/15/Evidence-mounts-of-capacity-crunch-for-CBI-coverage-as-Thai-losses-spiral/ http://www.commercialriskeurope.com/cre/1095/15/Airmic-casualty-benchmarking-survey-reveals-buyers-concerns/ Fri, 09 Dec 2011 12:20:00 +0000 http://www.commercialriskeurope.com/cre/1095/15/Airmic-casualty-benchmarking-survey-reveals-buyers-concerns/ http://www.commercialriskeurope.com/cre/1096/15/Solvency-II-and-capacity-top-European-risk-managers-fears-finds-survey/ Fast-growing global specialty insurer Torus, that only this week announced an agreement to acquire the continental European business of CV Starr Syndicate 1919 at Lloyd’s (see related story below), has also announced the findings of its survey of risk managers... Fri, 09 Dec 2011 12:19:00 +0000 http://www.commercialriskeurope.com/cre/1096/15/Solvency-II-and-capacity-top-European-risk-managers-fears-finds-survey/ http://www.commercialriskeurope.com/cre/1097/15/Communicating-deeper-uncertainties-and-living-with-micromorts/ David Spiegelhalter classes himself as a professor of risk encouragement. In fact, he is Winton Professor for the Public Understanding of Risk at Cambridge University, but perhaps risk professionals should take a leaf out of his book and change their... Fri, 09 Dec 2011 12:18:00 +0000 http://www.commercialriskeurope.com/cre/1097/15/Communicating-deeper-uncertainties-and-living-with-micromorts/ http://www.commercialriskeurope.com/cre/1098/15/China-offers-bigger-supply-chain-risk-than-Japan-as-insurers-continue-to-eye-opportunities/ Fri, 09 Dec 2011 12:17:00 +0000 http://www.commercialriskeurope.com/cre/1098/15/China-offers-bigger-supply-chain-risk-than-Japan-as-insurers-continue-to-eye-opportunities/ http://www.commercialriskeurope.com/cre/1099/15/Susep-announcement-looks-like-success-for-Ferma-in-Brazil/ Fri, 09 Dec 2011 12:17:00 +0000 http://www.commercialriskeurope.com/cre/1099/15/Susep-announcement-looks-like-success-for-Ferma-in-Brazil/ http://www.commercialriskeurope.com/cre/1100/15/Global-business-continuity-survey-shows-sharp-rise-in-supply-chain-problems/ Almost nine out of ten companies, or 85%, have suffered such a supply chain interruption in the past twelve months according to a survey, conducted by the UK-based Business Continuity Institute (BCI) and sponsored by Swiss insurer, Zurich Financial Services,... Fri, 09 Dec 2011 12:16:00 +0000 http://www.commercialriskeurope.com/cre/1100/15/Global-business-continuity-survey-shows-sharp-rise-in-supply-chain-problems/ http://www.commercialriskeurope.com/cre/1101/15/Niche-brokers-occupy-sweet-spot-in-increasingly-specialised-world-claim-German-experts/ German risk managers may increasingly prefer the services of small and medium-sized brokers to those of the market leaders despite the increased time and workload involved with spreading the net, because they provide individual support and better service, according to... Fri, 09 Dec 2011 12:16:00 +0000 http://www.commercialriskeurope.com/cre/1101/15/Niche-brokers-occupy-sweet-spot-in-increasingly-specialised-world-claim-German-experts/ http://www.commercialriskeurope.com/cre/1102/15/Regulatory-changes-threaten-ratings-of-Argentinian-insurers/ Regulatory changes implemented by the Argentinian government have cast a shadow on the credit ratings of insurance companies in the country, with Moody's revising the outlook for some of the firms it rates to negative in its latest set of... Fri, 09 Dec 2011 12:15:00 +0000 http://www.commercialriskeurope.com/cre/1102/15/Regulatory-changes-threaten-ratings-of-Argentinian-insurers/ http://www.commercialriskeurope.com/cre/1103/15/Insurers-favour-market-driven-solutions-for-environmental-liability-risks/ Fri, 09 Dec 2011 12:14:00 +0000 http://www.commercialriskeurope.com/cre/1103/15/Insurers-favour-market-driven-solutions-for-environmental-liability-risks/ http://www.commercialriskeurope.com/cre/1104/15/Improved-risk-management-vital-for-renewable-energy-sector/ Fri, 09 Dec 2011 12:13:00 +0000 http://www.commercialriskeurope.com/cre/1104/15/Improved-risk-management-vital-for-renewable-energy-sector/ http://www.commercialriskeurope.com/cre/1105/15/Corporate-Round-Up/ Fri, 09 Dec 2011 12:09:00 +0000 http://www.commercialriskeurope.com/cre/1105/15/Corporate-Round-Up/ http://www.commercialriskeurope.com/cre/1106/15/New-Chief-Executive-for-XL-s-insurance-segment/ Greg Hendrick is to become Chief Executive of XL’s insurance segment after the retirement of Dave Duclos, the current insurance head. Mr Hendrick, currently XL’s Executive Vice President, Strategic Growth, will take over on January 1, 2012. Mr Duclos will... Fri, 09 Dec 2011 12:08:00 +0000 http://www.commercialriskeurope.com/cre/1106/15/New-Chief-Executive-for-XL-s-insurance-segment/ http://www.commercialriskeurope.com/cre/1107/15/Institute-of-Risk-Management-elects-new-chairman/ Richard Anderson has been elected chairman of the board of directors of the Institute of Risk Management (IRM). Mr Anderson is Managing Director, UK at Crowe Horwath Global Risk Consulting and was previously IRM deputy chairman. Two deputy chairs have... Fri, 09 Dec 2011 12:03:00 +0000 http://www.commercialriskeurope.com/cre/1107/15/Institute-of-Risk-Management-elects-new-chairman/ http://www.commercialriskeurope.com/cre/1091/15/London-market-looks-set-to-cooperate-on-global-compliance-database/ With the support of Ferma, the International Underwriting Association (IUA) and the London and International Insurance Brokers’ Association (LIIBA), Airmic formally approached the London insurance market on 28 November to officially obtain support from key players for the creation of... Thu, 01 Dec 2011 05:40:00 +0000 http://www.commercialriskeurope.com/cre/1091/15/London-market-looks-set-to-cooperate-on-global-compliance-database/ http://www.commercialriskeurope.com/cre/1089/15/UK-announces-cyber-security-strategy-that-may-help-develop-insurance-cover/ The UK government has announced a multi-pronged initiative to tackle the growing threat of cybercrime. Ostensibly the Cyber Security Strategy is designed to promote the UK as a safe place to do business, particularly in the online market, but it... Thu, 01 Dec 2011 05:39:00 +0000 http://www.commercialriskeurope.com/cre/1089/15/UK-announces-cyber-security-strategy-that-may-help-develop-insurance-cover/ http://www.commercialriskeurope.com/cre/1088/15/Groupama-troubles-question-viability-of-mutuals-in-light-of-Solvency-II/ Thu, 01 Dec 2011 05:38:00 +0000 http://www.commercialriskeurope.com/cre/1088/15/Groupama-troubles-question-viability-of-mutuals-in-light-of-Solvency-II/ http://www.commercialriskeurope.com/cre/1090/15/AIR-s-Simic-concerned-insurers-are-using-models-as-excuse-to-up-cat-rates/ Milan Simic, Senior Vice President, Managing Director at AIR Worldwide Ltd has suggested that the risk transfer industry is using new risk models, such as the much debated RMS v11 US Hurricane model, as an excuse to push through price... Thu, 01 Dec 2011 05:36:00 +0000 http://www.commercialriskeurope.com/cre/1090/15/AIR-s-Simic-concerned-insurers-are-using-models-as-excuse-to-up-cat-rates/ http://www.commercialriskeurope.com/cre/1092/15/Reinsurers-fear-for-climate-change-talks-and-renewables-as-UN-meets/ Thu, 01 Dec 2011 05:30:00 +0000 http://www.commercialriskeurope.com/cre/1092/15/Reinsurers-fear-for-climate-change-talks-and-renewables-as-UN-meets/ http://www.commercialriskeurope.com/cre/1087/15/Business-urged-to-respond-to-rise-in-litigation-by-employees-in-Spain/ Spanish companies must be prepared to face more frequent litigation from their employees, risk managers were warned in Madrid during a morning-long seminar about trends for the next round of renewals organised by Iniciativa Gerentes de Riesgos Españoles Asociados, IGREA,... Wed, 30 Nov 2011 13:57:00 +0000 http://www.commercialriskeurope.com/cre/1087/15/Business-urged-to-respond-to-rise-in-litigation-by-employees-in-Spain/ http://www.commercialriskeurope.com/cre/1086/15/German-flood-model-will-lead-to-more-accurate-pricing-and-risk-info-says-AIR/ Following the launch of AIR’s first inland flood model for Germany, Commercial Risk Europe caught up with Milan Simic, Senior Vice President, Managing Director at the modelling firm to better understand the science and reasoning behind the new risk tool... Wed, 30 Nov 2011 13:47:00 +0000 http://www.commercialriskeurope.com/cre/1086/15/German-flood-model-will-lead-to-more-accurate-pricing-and-risk-info-says-AIR/ http://www.commercialriskeurope.com/cre/1085/15/Network-Assurex-to-offer-more-support-to-medium-sized-brokers/ There is good news for German risk and insurance managers as medium-sized commercial brokers in the country who have problems finding suitable employees to continue their company’s legacy once key staff have retired can reckon on more financial support from... Wed, 30 Nov 2011 13:42:00 +0000 http://www.commercialriskeurope.com/cre/1085/15/Network-Assurex-to-offer-more-support-to-medium-sized-brokers/ http://www.commercialriskeurope.com/cre/1082/15/Chubb-ups-the-ante-with-new-risk-management-division/ Jan Auerbach was appointed as European Risk Management Manager at Chubb Europe earlier this year and wasted no time in setting out his vision for servicing large clients in this competitive market. Commercial Risk Europe’s Ben Norris caught up with... Wed, 30 Nov 2011 13:40:00 +0000 http://www.commercialriskeurope.com/cre/1082/15/Chubb-ups-the-ante-with-new-risk-management-division/ http://www.commercialriskeurope.com/cre/1084/15/AGCS-appoints-Browne-and-Scaldaferri-to-Board/ Wed, 30 Nov 2011 13:39:00 +0000 http://www.commercialriskeurope.com/cre/1084/15/AGCS-appoints-Browne-and-Scaldaferri-to-Board/ http://www.commercialriskeurope.com/cre/1093/15/Extra-sovereign-risk-charges-for-Solvency-II-unlikely-in-near-term-Fitch/ Solvency II is unlikely to include revised capital risk charges for European Economic Area (EEA) sovereign bonds in the near term because the European Commission will want to avoid any market disruption that this could cause, according to credit rating... Wed, 30 Nov 2011 13:38:00 +0000 http://www.commercialriskeurope.com/cre/1093/15/Extra-sovereign-risk-charges-for-Solvency-II-unlikely-in-near-term-Fitch/ http://www.commercialriskeurope.com/cre/1083/15/Corporate-round-up/ Wed, 30 Nov 2011 13:23:00 +0000 http://www.commercialriskeurope.com/cre/1083/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1118/15/CRE-s-Australasian-risk-management-conference-coverage/ Tue, 29 Nov 2011 23:51:00 +0000 http://www.commercialriskeurope.com/cre/1118/15/CRE-s-Australasian-risk-management-conference-coverage/ http://www.commercialriskeurope.com/cre/1080/15/CRE-s-Australasian-and-South-African-risk-management-conference-coverage/ As part of our plans to bring the best and most important risk and insurance management news from around the world to our readers, Commercial Risk Europe brings you the latest news and analysis from this year’s risk management association... Tue, 29 Nov 2011 10:28:00 +0000 http://www.commercialriskeurope.com/cre/1080/15/CRE-s-Australasian-and-South-African-risk-management-conference-coverage/ http://www.commercialriskeurope.com/cre/1079/15/Information-bill-threatens-South-Africa-s-premier-league-status-says-Sunter/ European and international risk managers may have to reassess their company’s expansion plans into South Africa after it dramatically dropped into the ‘relegation zone’ of premier league international countries last week, according to a leading South African futurologist and scenario... Tue, 29 Nov 2011 01:52:00 +0000 http://www.commercialriskeurope.com/cre/1079/15/Information-bill-threatens-South-Africa-s-premier-league-status-says-Sunter/ http://www.commercialriskeurope.com/cre/1075/15/Risk-managers-must-fight-for-capacity-in-Asia-Pacific-region-following-nat-cats/ Risk managers with operations in the Asia Pacific region must raise their game and supply the very best data to the risk transfer industry in order to defend the deployment of global capacity in the region following the spate of... Tue, 29 Nov 2011 01:49:00 +0000 http://www.commercialriskeurope.com/cre/1075/15/Risk-managers-must-fight-for-capacity-in-Asia-Pacific-region-following-nat-cats/ http://www.commercialriskeurope.com/cre/1076/15/Despite-dangers-ignoring-social-media-is-biggest-risk-for-organisations-experts/ Social media has magnified the risks faced by many organisations and can cause great harm to brand reputation, but given the fact business cannot avoid its reach and the platform offers new found opportunities, ignoring the medium is now its... Tue, 29 Nov 2011 01:47:00 +0000 http://www.commercialriskeurope.com/cre/1076/15/Despite-dangers-ignoring-social-media-is-biggest-risk-for-organisations-experts/ http://www.commercialriskeurope.com/cre/1078/15/Opportunity-may-well-outweigh-risk-in-South-Africa-IRMSA-delegates-told/ South African businesses and those investing in the country face some big economic challenges over the next few years as the nation grapples with a sharply widening budget deficit, growth rates below the rate of inflation, rapidly falling overseas investment... Tue, 29 Nov 2011 01:35:00 +0000 http://www.commercialriskeurope.com/cre/1078/15/Opportunity-may-well-outweigh-risk-in-South-Africa-IRMSA-delegates-told/ http://www.commercialriskeurope.com/cre/1074/15/Experts-tell-risk-managers-how-to-make-most-of-strategic-inflection-point/ The risk profession stands at a strategic inflection point where the time has come for its influence to be fully felt across all organisations, according to a keynote speaker at this year’s Risk Management Institution of Australasia’s (RMIA) conference who... Tue, 29 Nov 2011 01:28:00 +0000 http://www.commercialriskeurope.com/cre/1074/15/Experts-tell-risk-managers-how-to-make-most-of-strategic-inflection-point/ http://www.commercialriskeurope.com/cre/1077/15/Supply-chain-risk-in-spotlight-as-new-SEC-rules-target-central-Africa-analysis/ Risk audits are needed across many international industries to dodge fines and reputational damage as US regulator targets the many companies that use minerals from Congo region. Adrian Ladbury reports from the IRMSA conference in Johannesburg on the latest transparency... Tue, 29 Nov 2011 01:27:00 +0000 http://www.commercialriskeurope.com/cre/1077/15/Supply-chain-risk-in-spotlight-as-new-SEC-rules-target-central-Africa-analysis/ http://www.commercialriskeurope.com/cre/1073/15/RIMS-president-launches-defence-of-ERM-in-light-of-financial-meltdown/ Scott Clark, President of the US Risk and Insurance Management Society (RIMS), launched a defence of the role Enterprise Risk Management (ERM) played in the current US and global financial collapse. Speaking at the Risk Management Institute of Australia’s 2011... Tue, 29 Nov 2011 00:59:00 +0000 http://www.commercialriskeurope.com/cre/1073/15/RIMS-president-launches-defence-of-ERM-in-light-of-financial-meltdown/ http://www.commercialriskeurope.com/cre/1081/15/IRMSA-on-the-move-as-education-and-accreditation-top-agenda-for-2012/ The South African risk management profession is maturing and advancing rapidly and 2012 will be an exciting year with plenty of new activities, IRMSA President Hendrik Thessner told members at the end of his year’s highly successful annual conference in... Tue, 29 Nov 2011 00:54:00 +0000 http://www.commercialriskeurope.com/cre/1081/15/IRMSA-on-the-move-as-education-and-accreditation-top-agenda-for-2012/ http://www.commercialriskeurope.com/cre/1072/15/Despite-study-proof-of-climate-change-effect-on-nat-cats-way-off-expert/ Despite a study by US Princeton University suggesting that the worst type of Atlantic basin tropical cyclones will increase in frequency by 80% over the next 80 years, an expert told the Risk Management Institution of Australasia’s (RMIA) conference that... Tue, 29 Nov 2011 00:52:00 +0000 http://www.commercialriskeurope.com/cre/1072/15/Despite-study-proof-of-climate-change-effect-on-nat-cats-way-off-expert/ http://www.commercialriskeurope.com/cre/1071/15/RMIA-continues-quest-for-risk-culture-excellence/ Developing a risk culture throughout an organisation is the holy grail for risk management. Achieve this and you are on your way to risk management nirvana. As such it was a major theme at this year’s RMIA conference and expert... Tue, 29 Nov 2011 00:46:00 +0000 http://www.commercialriskeurope.com/cre/1071/15/RMIA-continues-quest-for-risk-culture-excellence/ http://www.commercialriskeurope.com/cre/1070/15/EU-to-shake-up-nat-cat-response-as-its-signs-cooperation-deal-with-US/ Thu, 24 Nov 2011 02:16:00 +0000 http://www.commercialriskeurope.com/cre/1070/15/EU-to-shake-up-nat-cat-response-as-its-signs-cooperation-deal-with-US/ http://www.commercialriskeurope.com/cre/1068/15/Agers-conference-told-premium-prices-will-be-kept-in-check-at-renewals/ There is no hard market on the horizon for Spanish insurance buyers as the effects of sluggish economic growth in the country combined with an abundance of capital and strong competition in the insurance market should keep premium prices in... Thu, 24 Nov 2011 02:14:00 +0000 http://www.commercialriskeurope.com/cre/1068/15/Agers-conference-told-premium-prices-will-be-kept-in-check-at-renewals/ http://www.commercialriskeurope.com/cre/1069/15/French-PM-announces-new-nat-cat-scheme-to-reward-mitigation/ French Prime Minister François Fillon has announced that a bill will be presented before the end of the year to reform the country's natural catastrophe compensation scheme. The goal is to boost risk prevention while at the same time giving... Thu, 24 Nov 2011 02:11:00 +0000 http://www.commercialriskeurope.com/cre/1069/15/French-PM-announces-new-nat-cat-scheme-to-reward-mitigation/ http://www.commercialriskeurope.com/cre/1067/15/IRM-conference-told-profession-must-break-free-of-finance-function-shadow/ Thu, 24 Nov 2011 02:02:00 +0000 http://www.commercialriskeurope.com/cre/1067/15/IRM-conference-told-profession-must-break-free-of-finance-function-shadow/ http://www.commercialriskeurope.com/cre/1064/15/Insurers-must-act-to-help-stop-climate-change-urge-experts/ The international insurance industry needs to step up efforts to tackle climate change according to market experts following the publication of the latest report from the International Panel on Climate Change (IPCC) that provided further evidence of the link between... Thu, 24 Nov 2011 02:00:00 +0000 http://www.commercialriskeurope.com/cre/1064/15/Insurers-must-act-to-help-stop-climate-change-urge-experts/ http://www.commercialriskeurope.com/cre/1066/15/Euler-Hermes-reports-credit-rates-down-but-promises-to-stand-firm/ Leading credit insurers continue to benefit from the boost in demand and significantly higher price of trade credit insurance following the economic downturn as Euler Hermes posted another healthy set of results for the first nine months of this year... Thu, 24 Nov 2011 01:59:00 +0000 http://www.commercialriskeurope.com/cre/1066/15/Euler-Hermes-reports-credit-rates-down-but-promises-to-stand-firm/ http://www.commercialriskeurope.com/cre/1065/15/AM-Best-places-Generali-under-review-as-Italian-crisis-drags-on/ Italian corporate risk and insurance managers received bad news this week as rating agency AM Best placed the financial strength rating of A+ (Superior) and issuer credit rating of ‘aa-’ of Generali under review with ‘negative’ implications because of the... Thu, 24 Nov 2011 01:55:00 +0000 http://www.commercialriskeurope.com/cre/1065/15/AM-Best-places-Generali-under-review-as-Italian-crisis-drags-on/ http://www.commercialriskeurope.com/cre/1063/15/US-Treasury-vows-to-defend-itself-against-Greenberg-suit/ Thu, 24 Nov 2011 01:42:00 +0000 http://www.commercialriskeurope.com/cre/1063/15/US-Treasury-vows-to-defend-itself-against-Greenberg-suit/ 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/