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/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/1061/15/Bernardino-urges-caution-on-proportionality-under-Solvency-II/ Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Supervisory Authority (EIOPA), yesterday poured cold water on the idea that the principle of proportionality enshrined within Solvency II may enable many smaller and simpler insurers such as captives to... Thu, 17 Nov 2011 11:39:00 +0000 http://www.commercialriskeurope.com/cre/1061/15/Bernardino-urges-caution-on-proportionality-under-Solvency-II/ http://www.commercialriskeurope.com/cre/1062/15/High-cats-and-low-investment-yields-key-to-market-conditions/ A rising ‘tsunami’ driven by a combination of low asset yields and high catastrophe losses suffered by the leading insurers and reinsurers is more likely to force a hardening in the corporate insurance market than a shock impact from the... Thu, 17 Nov 2011 11:30:00 +0000 http://www.commercialriskeurope.com/cre/1062/15/High-cats-and-low-investment-yields-key-to-market-conditions/ http://www.commercialriskeurope.com/cre/1060/15/Ferma-fleshes-out-hopes-for-Brazilian-reinsurance-laws/ Thu, 17 Nov 2011 11:05:00 +0000 http://www.commercialriskeurope.com/cre/1060/15/Ferma-fleshes-out-hopes-for-Brazilian-reinsurance-laws/ http://www.commercialriskeurope.com/cre/1059/15/Insurance-restrictions-coincide-with-higher-workplace-related-risk-in-France/ French companies face the prospect of more restrictions to civil liability insurance policies at the very time they are becoming more exposed to workplace risk and face higher indemnifications as a result of accidents and work-related conditions, according to a... Thu, 17 Nov 2011 10:59:00 +0000 http://www.commercialriskeurope.com/cre/1059/15/Insurance-restrictions-coincide-with-higher-workplace-related-risk-in-France/ http://www.commercialriskeurope.com/cre/1058/15/EC-attempts-to-address-concerns-of-buyers-over-ELD/ Thu, 17 Nov 2011 10:55:00 +0000 http://www.commercialriskeurope.com/cre/1058/15/EC-attempts-to-address-concerns-of-buyers-over-ELD/ http://www.commercialriskeurope.com/cre/1057/15/German-companies-focus-on-employee-health-cover-but-market-limited/ Thu, 17 Nov 2011 10:51:00 +0000 http://www.commercialriskeurope.com/cre/1057/15/German-companies-focus-on-employee-health-cover-but-market-limited/ http://www.commercialriskeurope.com/cre/1056/15/Den-Dekker-takes-new-role-at-telecommunications-giant/ Thu, 17 Nov 2011 10:48:00 +0000 http://www.commercialriskeurope.com/cre/1056/15/Den-Dekker-takes-new-role-at-telecommunications-giant/ http://www.commercialriskeurope.com/cre/1055/15/Corporate-round-up/ Thu, 17 Nov 2011 10:43:00 +0000 http://www.commercialriskeurope.com/cre/1055/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1054/15/Energy-market-still-favourable-but-change-may-be-on-the-way-says-Marsh/ Whilst excess capacity and continuing competition among insurers mean that buying conditions remain favourable for many energy firms in the final quarter of 2011, Marsh has warned that for some segments of the energy market a change of conditions may... Thu, 17 Nov 2011 10:40:00 +0000 http://www.commercialriskeurope.com/cre/1054/15/Energy-market-still-favourable-but-change-may-be-on-the-way-says-Marsh/ http://www.commercialriskeurope.com/cre/1051/15/Politics-matters-Comment/ Fri, 11 Nov 2011 18:17:00 +0000 http://www.commercialriskeurope.com/cre/1051/15/Politics-matters-Comment/ http://www.commercialriskeurope.com/cre/1050/15/Cooperation-needed-to-drive-innovation-and-solve-supply-chain-dilemma/ As insurance and reinsurance buyers across Europe call on brokers, insurers and reinsurers to provide more innovation, and offer broader-based business interruption (BI) cover in particular, experts at Ferma’s Forum called on the risk transfer chain to increasingly work together... Fri, 11 Nov 2011 18:13:00 +0000 http://www.commercialriskeurope.com/cre/1050/15/Cooperation-needed-to-drive-innovation-and-solve-supply-chain-dilemma/ http://www.commercialriskeurope.com/cre/1049/15/Buyers-still-hold-the-upper-hand-but-market-in-transition/ Fri, 11 Nov 2011 18:08:00 +0000 http://www.commercialriskeurope.com/cre/1049/15/Buyers-still-hold-the-upper-hand-but-market-in-transition/ http://www.commercialriskeurope.com/cre/1048/15/Reinsurers-talk-down-prospects-of-big-market-turn-at-year-end-in-Baden-Baden/ Despite pressure on margins caused by huge catastrophe losses, lowly investment returns and interest rates, fast-dwindling spare reserves and big concerns about the state of the European financial markets, there was little to suggest that the leading primary insurers face... Fri, 11 Nov 2011 18:03:00 +0000 http://www.commercialriskeurope.com/cre/1048/15/Reinsurers-talk-down-prospects-of-big-market-turn-at-year-end-in-Baden-Baden/ http://www.commercialriskeurope.com/cre/1047/15/The-fall-and-rise-of-AIG/ Chartis overcame understandable doubts among policyholders about its short and long-term prospects despite the highly public problems of the holding company AIG. Solid progress made by the group and the gradual reduction of the government debt suggests that so far... Fri, 11 Nov 2011 17:55:00 +0000 http://www.commercialriskeurope.com/cre/1047/15/The-fall-and-rise-of-AIG/ http://www.commercialriskeurope.com/cre/1046/15/Hancock-s-half-hour-Peter-D-Hancock/ Former JP Morgan derivatives expert Peter Hancock took over at Chartis earlier this year as the business was restructured to make it more rational, less risky and capable of delivering the kind of consistent profits that the AIG group needs... Fri, 11 Nov 2011 17:47:00 +0000 http://www.commercialriskeurope.com/cre/1046/15/Hancock-s-half-hour-Peter-D-Hancock/ http://www.commercialriskeurope.com/cre/1045/15/Gilbert-Van-den-Eynde-Marsh/ Recent research carried out by CRE amongst its readers discovered that the brokers, big and small, are doing fine in their customer’s eyes but could do a lot better. It is likely that the pressures created by the ongoing problems... Fri, 11 Nov 2011 17:36:00 +0000 http://www.commercialriskeurope.com/cre/1045/15/Gilbert-Van-den-Eynde-Marsh/ http://www.commercialriskeurope.com/cre/1044/15/Education-one-key-plank-in-response-to-extreme-events-community-leaders-agree-at-summit/ With a raft of natural disasters, huge political unrest in the Arab world and the ongoing financial mess preoccupying the global community, leaders from some of the world’s foremost research centres, government departments, emergency services and the risk transfer industry... Fri, 11 Nov 2011 17:28:00 +0000 http://www.commercialriskeurope.com/cre/1044/15/Education-one-key-plank-in-response-to-extreme-events-community-leaders-agree-at-summit/ http://www.commercialriskeurope.com/cre/1038/15/Ferma-makes-formal-approach-for-single-database-on-global-programmes/ Ferma, Airmic and the London and International Insurance Brokers’ Association (LIIBA) will formally approach the insurance market this month with a request to set up a single global insurance regulation and tax database to help solve some of the compliance... Thu, 10 Nov 2011 12:32:00 +0000 http://www.commercialriskeurope.com/cre/1038/15/Ferma-makes-formal-approach-for-single-database-on-global-programmes/ http://www.commercialriskeurope.com/cre/1043/15/Ferma-puts-full-weight-behind-push-for-reinsurance-law-change-in-Brazil/ Thu, 10 Nov 2011 12:31:00 +0000 http://www.commercialriskeurope.com/cre/1043/15/Ferma-puts-full-weight-behind-push-for-reinsurance-law-change-in-Brazil/ http://www.commercialriskeurope.com/cre/1042/15/Risk-managers-urged-to-climb-ladder-to-help-tackle-innovation/ Risk and insurance managers must shove themselves up the corporate ladder to enable them to do more to help insurers develop innovative responses to new and emerging risks, said Paolo Rubini, President of ANRA, the Italian risk management association, during... Thu, 10 Nov 2011 12:20:00 +0000 http://www.commercialriskeurope.com/cre/1042/15/Risk-managers-urged-to-climb-ladder-to-help-tackle-innovation/ http://www.commercialriskeurope.com/cre/1041/15/Theis-urges-insurers-to-step-up-Solvency-II-lobbying-effort/ The European insurance industry must step up its lobbying effort on Solvency II to seek more time to carry out the big changes needed and avoid handing over competitive advantage to non-EU insurers, according to a leading European corporate insurance... Thu, 10 Nov 2011 12:18:00 +0000 http://www.commercialriskeurope.com/cre/1041/15/Theis-urges-insurers-to-step-up-Solvency-II-lobbying-effort/ http://www.commercialriskeurope.com/cre/1036/15/Extremus-sees-increased-demand-for-terror-cover-on-back-of-court-ruling/ Thu, 10 Nov 2011 12:16:00 +0000 http://www.commercialriskeurope.com/cre/1036/15/Extremus-sees-increased-demand-for-terror-cover-on-back-of-court-ruling/ http://www.commercialriskeurope.com/cre/1040/15/AIR-launches-inland-flood-model-for-Germany/ Catastrophe risk modelling firm AIR Worldwide (AIR) has released its first inland flood model for Germany that it said offers the most detailed tool in the market to enable the risk transfer industry and buyers to determine the likelihood of... Thu, 10 Nov 2011 12:15:00 +0000 http://www.commercialriskeurope.com/cre/1040/15/AIR-launches-inland-flood-model-for-Germany/ http://www.commercialriskeurope.com/cre/1039/15/Confusion-in-supply-chain-risk-management-adding-to-exposures/ Businesses and their suppliers are unclear where responsibility lies for risk management and due diligence, according to a global survey by Norton Rose Group on current outsourcing practices and trends. As a result many businesses are left exposed, warned the... Thu, 10 Nov 2011 12:12:00 +0000 http://www.commercialriskeurope.com/cre/1039/15/Confusion-in-supply-chain-risk-management-adding-to-exposures/ http://www.commercialriskeurope.com/cre/1037/15/Disruptions-to-supply-chains-major-cost-from-Thai-floods-AIR/ Thu, 10 Nov 2011 12:01:00 +0000 http://www.commercialriskeurope.com/cre/1037/15/Disruptions-to-supply-chains-major-cost-from-Thai-floods-AIR/ http://www.commercialriskeurope.com/cre/1035/15/Firms-overconfident-in-crisis-plans-and-must-bolster-capabilities-says-PwC/ Thu, 10 Nov 2011 11:55:00 +0000 http://www.commercialriskeurope.com/cre/1035/15/Firms-overconfident-in-crisis-plans-and-must-bolster-capabilities-says-PwC/ http://www.commercialriskeurope.com/cre/1034/15/Cyber-defenders-outnumbered-against-new-threats-conference-warns/ With two million new malicious websites now detected each month and a 400% rise this year in malicious software (malware) reported on mobile computing operating system Android just two alarming statistics to emerge from a recent computer hackers conference, a... Thu, 10 Nov 2011 11:53:00 +0000 http://www.commercialriskeurope.com/cre/1034/15/Cyber-defenders-outnumbered-against-new-threats-conference-warns/ http://www.commercialriskeurope.com/cre/1033/15/Risk-management-appreciation-grows-amongst-business-leaders-report/ Thu, 10 Nov 2011 11:48:00 +0000 http://www.commercialriskeurope.com/cre/1033/15/Risk-management-appreciation-grows-amongst-business-leaders-report/ http://www.commercialriskeurope.com/cre/1029/15/Pressure-mounts-on-supervisors-to-tackle-global-programmes-question/ Günter Dröse, President of ECIROA and Global Head of Insurance at Deutsche Bank, told attendees at Commercial Risk Europe's latest Risk Frontiers conference on 2 November in Frankfurt that the association has sent a paper to the IAIS to suggest... Fri, 04 Nov 2011 11:09:00 +0000 http://www.commercialriskeurope.com/cre/1029/15/Pressure-mounts-on-supervisors-to-tackle-global-programmes-question/ http://www.commercialriskeurope.com/cre/1028/15/Captive-experts-demand-more-detail-on-Solvency-II-despite-assurance-from-EC/ European captive owners and experts are still calling for more detail on how captives will be treated under Solvency II despite assurances given by Karel van Hulle, Head of Unit, Insurance and Pensions, DG Internal Market and Services, and the... Fri, 04 Nov 2011 11:01:00 +0000 http://www.commercialriskeurope.com/cre/1028/15/Captive-experts-demand-more-detail-on-Solvency-II-despite-assurance-from-EC/ http://www.commercialriskeurope.com/cre/1025/15/New-consultation-on-Brazil-s-reinsurance-rules-as-ABGR-submits-its-proposals/ The Brazilian risk management association, Associação Brasileira de Gerência de Riscos (ABGR), has presented a proposal to the country’s insurance regulator urging it to relax changes to reinsurance rules that were implemented last March and caused widespread concern among insurance... Fri, 04 Nov 2011 10:45:00 +0000 http://www.commercialriskeurope.com/cre/1025/15/New-consultation-on-Brazil-s-reinsurance-rules-as-ABGR-submits-its-proposals/ http://www.commercialriskeurope.com/cre/1030/15/Fears-remain-over-innovation-and-capacity-despite-lower-SII-cat-charges/ Risk managers and other experts who gathered in Frankfurt for the Commercial Risk Europe Risk Frontiers seminar on Solvency II, Captives and Global Programmes are increasingly worried that the new capital adequacy regime will further limit the ability of insurers... Fri, 04 Nov 2011 10:44:00 +0000 http://www.commercialriskeurope.com/cre/1030/15/Fears-remain-over-innovation-and-capacity-despite-lower-SII-cat-charges/ http://www.commercialriskeurope.com/cre/1027/15/Argentina-raises-trade-barriers-and-forces-insurers-to-repatriate-assets/ Fri, 04 Nov 2011 10:42:00 +0000 http://www.commercialriskeurope.com/cre/1027/15/Argentina-raises-trade-barriers-and-forces-insurers-to-repatriate-assets/ http://www.commercialriskeurope.com/cre/1026/15/New-legal-insurance-for-trademark-protection-in-Germany-as-disputes-grow/ Fri, 04 Nov 2011 10:38:00 +0000 http://www.commercialriskeurope.com/cre/1026/15/New-legal-insurance-for-trademark-protection-in-Germany-as-disputes-grow/ http://www.commercialriskeurope.com/cre/1032/15/Insurers-will-cope-with-Greek-haircut-according-to-rating-agencies/ Fri, 04 Nov 2011 10:37:00 +0000 http://www.commercialriskeurope.com/cre/1032/15/Insurers-will-cope-with-Greek-haircut-according-to-rating-agencies/ http://www.commercialriskeurope.com/cre/1024/15/EC-proposes-extension-of-ELD-to-tackle-offshore-energy-risk/ The European Commission has proposed draft regulation to improve the safety of offshore oil and gas activities in the EU that includes an extension of the Environmental Liability Directive (ELD) to cover all EU marine waters rather than the 22km... Fri, 04 Nov 2011 10:28:00 +0000 http://www.commercialriskeurope.com/cre/1024/15/EC-proposes-extension-of-ELD-to-tackle-offshore-energy-risk/ http://www.commercialriskeurope.com/cre/1023/15/Corporate-round-up/ Fri, 04 Nov 2011 10:23:00 +0000 http://www.commercialriskeurope.com/cre/1023/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1022/15/Fitch-expects-US-to-be-granted-equivalence-with-Solvency-II/ Fri, 04 Nov 2011 10:21:00 +0000 http://www.commercialriskeurope.com/cre/1022/15/Fitch-expects-US-to-be-granted-equivalence-with-Solvency-II/ http://www.commercialriskeurope.com/cre/1021/15/Cyber-security-in-freefall-with-many-organisations-behind-the-curve-warns-PwC/ Fri, 04 Nov 2011 10:18:00 +0000 http://www.commercialriskeurope.com/cre/1021/15/Cyber-security-in-freefall-with-many-organisations-behind-the-curve-warns-PwC/ http://www.commercialriskeurope.com/cre/1020/15/Corporate-insurance-market-still-facing-downward-pressure-says-Miller-seminar/ Fri, 04 Nov 2011 10:14:00 +0000 http://www.commercialriskeurope.com/cre/1020/15/Corporate-insurance-market-still-facing-downward-pressure-says-Miller-seminar/ http://www.commercialriskeurope.com/cre/1019/15/Social-media-set-to-transform-general-insurance-buying-habits/ Fri, 04 Nov 2011 10:10:00 +0000 http://www.commercialriskeurope.com/cre/1019/15/Social-media-set-to-transform-general-insurance-buying-habits/ http://www.commercialriskeurope.com/cre/1015/15/Captive-owners-reassured-by-Commission-ahead-of-Frankfurt-conference/ Tue, 01 Nov 2011 19:49:00 +0000 http://www.commercialriskeurope.com/cre/1015/15/Captive-owners-reassured-by-Commission-ahead-of-Frankfurt-conference/ http://www.commercialriskeurope.com/cre/1016/15/Captives-will-receive-simplified-and-proportionate-treatment-under-Solvency-II-Van-Hulle/ European captive owners can rest a little easier in their beds tonight as Karel van Hulle, Head of Unit, Insurance and Pensions, DG Internal Market and Services, and the architect of Solvency II, exclusively assured Commercial Risk Europe that the... Tue, 01 Nov 2011 19:48:00 +0000 http://www.commercialriskeurope.com/cre/1016/15/Captives-will-receive-simplified-and-proportionate-treatment-under-Solvency-II-Van-Hulle/ http://www.commercialriskeurope.com/cre/1017/15/No-time-to-take-a-rest-as-Solvency-II-remains-on-track-for-January-2014/ Solvency II seems to have become increasingly complicated and confusing as it nears completion and thus more tricky for insurers and their customers to work out what to do about it, how and when. But Karel van Hulle, Head of... Tue, 01 Nov 2011 19:47:00 +0000 http://www.commercialriskeurope.com/cre/1017/15/No-time-to-take-a-rest-as-Solvency-II-remains-on-track-for-January-2014/ http://www.commercialriskeurope.com/cre/1018/15/Equivalence-and-long-term-nature-of-insurance-key-matters-that-need-sorting/ A number of key outstanding issues still need to be sorted out at Commission and EIOPA level that could have a significant impact on the way the rules are received and implemented before Solvency II is ready for approval, Karel... Tue, 01 Nov 2011 18:53:00 +0000 http://www.commercialriskeurope.com/cre/1018/15/Equivalence-and-long-term-nature-of-insurance-key-matters-that-need-sorting/ http://www.commercialriskeurope.com/cre/1008/15/Nat-cat-losses-will-continue-to-rise-with-mitigation-efforts-muddled/ Reinhard Mechler, a researcher at the Austria-based International Institute for Applied Systems Analysis, has few words of comfort about the future frequency and severity of natural catastrophes and the losses from such events. "In the future we know things will... Thu, 27 Oct 2011 11:31:00 +0100 http://www.commercialriskeurope.com/cre/1008/15/Nat-cat-losses-will-continue-to-rise-with-mitigation-efforts-muddled/ http://www.commercialriskeurope.com/cre/1012/15/Social-media-at-forefront-of-cyber-risk-shows-Ferma-survey/ European risk managers rate damage to reputation through social media and theft of customer information as the largest cyber risks faced by business today, according to a survey by the Federation of European Risk Management Associations (Ferma) in cooperation with... Thu, 27 Oct 2011 11:30:00 +0100 http://www.commercialriskeurope.com/cre/1012/15/Social-media-at-forefront-of-cyber-risk-shows-Ferma-survey/ http://www.commercialriskeurope.com/cre/1013/15/Filhet-Allard-joins-BrokersLink-to-expand-French-and-global-offerings/ Thu, 27 Oct 2011 11:27:00 +0100 http://www.commercialriskeurope.com/cre/1013/15/Filhet-Allard-joins-BrokersLink-to-expand-French-and-global-offerings/ http://www.commercialriskeurope.com/cre/1007/15/Auditors-do-not-want-to-step-on-risk-managers-toes-says-ECIIA-president/ Internal auditors, as much as other risk professionals, are gaining stature in European companies, but they do not want to step on the toes of risk managers, according to the new president of the European Confederation of Institutes of Internal... Thu, 27 Oct 2011 11:26:00 +0100 http://www.commercialriskeurope.com/cre/1007/15/Auditors-do-not-want-to-step-on-risk-managers-toes-says-ECIIA-president/ http://www.commercialriskeurope.com/cre/1014/15/Baden-Baden-brings-good-news-for-primary-buyers-comment/ Great news emerged for the European corporate insurance management community from sleepy Baden Baden in south west Germany this week as it became clear that the reinsurance market will not force Europe’s industrial insurers to ratchet up primary rates over... Thu, 27 Oct 2011 11:25:00 +0100 http://www.commercialriskeurope.com/cre/1014/15/Baden-Baden-brings-good-news-for-primary-buyers-comment/ http://www.commercialriskeurope.com/cre/1011/15/Corporate-round-up/ Willis shakes up international unit with appointment of new CEO as big hitters Margrett and McManus depart, Willis appoints new CEOs of Latin America and UK and Ireland operations, QBE launches Environmental Impairment Liability product, Zurich appoints new Chief Underwriting... Thu, 27 Oct 2011 11:01:00 +0100 http://www.commercialriskeurope.com/cre/1011/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/1010/15/Economic-factors-dominate-Towers-Watson-s-latest-extreme-risk-list/ The economic risks of depression, sovereign debt default and hyperinflation top Towers Watson’s latest list of extreme risks as it believes the disappointing economic recovery in the developed world during the past two years has increased the likelihood of further... Thu, 27 Oct 2011 10:56:00 +0100 http://www.commercialriskeurope.com/cre/1010/15/Economic-factors-dominate-Towers-Watson-s-latest-extreme-risk-list/ http://www.commercialriskeurope.com/cre/1009/15/Willis-Q3-revenues-up-5-but-net-income-cut-in-half/ Thu, 27 Oct 2011 10:53:00 +0100 http://www.commercialriskeurope.com/cre/1009/15/Willis-Q3-revenues-up-5-but-net-income-cut-in-half/ http://www.commercialriskeurope.com/cre/1003/15/Losses-from-Turkey-quake-up-to-200m-with-concerns-over-building-codes/ Thu, 27 Oct 2011 10:52:00 +0100 http://www.commercialriskeurope.com/cre/1003/15/Losses-from-Turkey-quake-up-to-200m-with-concerns-over-building-codes/ http://www.commercialriskeurope.com/cre/1006/15/Flight-to-price-over-quality-is-harming-both-buyers-and-carriers-warns-insurer/ With an increasing trend towards commoditisation in the commercial insurance sector, a leading insurer has warned that the procurement process is too heavily dominated by price and leaves the risk transfer industry often unable to deliver on its promises. Many... Thu, 27 Oct 2011 10:33:00 +0100 http://www.commercialriskeurope.com/cre/1006/15/Flight-to-price-over-quality-is-harming-both-buyers-and-carriers-warns-insurer/ http://www.commercialriskeurope.com/cre/1005/15/German-insurers-open-their-books-for-offshore-wind-farms/ Thu, 27 Oct 2011 10:30:00 +0100 http://www.commercialriskeurope.com/cre/1005/15/German-insurers-open-their-books-for-offshore-wind-farms/ http://www.commercialriskeurope.com/cre/1004/15/Maltese-association-to-spread-risk-gospel-on-Island/ The Maltese Association of Risk Management (MARM), one of Ferma’s two newest members, needs to raise the awareness of risk management on the Island and hopes that membership of the European federation will help it to spread the gospel of... Thu, 27 Oct 2011 10:20:00 +0100 http://www.commercialriskeurope.com/cre/1004/15/Maltese-association-to-spread-risk-gospel-on-Island/ http://www.commercialriskeurope.com/cre/1002/15/AIR-Worldwide-updates-terrorism-model-for-the-US/ Thu, 27 Oct 2011 10:12:00 +0100 http://www.commercialriskeurope.com/cre/1002/15/AIR-Worldwide-updates-terrorism-model-for-the-US/ http://www.commercialriskeurope.com/cre/1001/15/Time-for-insurers-to-stand-and-deliver-on-Solvency-II-says-its-chief-architect/ Karel van Hulle, Head of the insurance and pension division at the European Commission, has warned that the time for talk and compromise over Solvency II is over and that insurers must be prepared to stand in full view of... Thu, 20 Oct 2011 11:38:00 +0100 http://www.commercialriskeurope.com/cre/1001/15/Time-for-insurers-to-stand-and-deliver-on-Solvency-II-says-its-chief-architect/ http://www.commercialriskeurope.com/cre/1000/15/Risk-managers-best-beware-of-market-in-transition-says-Amrae-study/ A study of insurance market trends by Amrae has concluded that insurers are likely to become ever more focused on technical results and that the current soft cycle is nearing its end but most lines will remain stable in the... Thu, 20 Oct 2011 11:32:00 +0100 http://www.commercialriskeurope.com/cre/1000/15/Risk-managers-best-beware-of-market-in-transition-says-Amrae-study/ http://www.commercialriskeurope.com/cre/998/15/European-non-life-market-flat-or-softening-but-challenges-mount-AM-Best/ The European non-life insurance sector faces a number of challenges in the form of continued economic weakness, volatile investment markets, sovereign debt concerns, the low interest rate environment, inflationary threat and new regulations that are putting an increased focus on... Thu, 20 Oct 2011 11:19:00 +0100 http://www.commercialriskeurope.com/cre/998/15/European-non-life-market-flat-or-softening-but-challenges-mount-AM-Best/ http://www.commercialriskeurope.com/cre/997/15/EU-firms-lagging-behind-global-competitors-on-innovation/ Thu, 20 Oct 2011 11:15:00 +0100 http://www.commercialriskeurope.com/cre/997/15/EU-firms-lagging-behind-global-competitors-on-innovation/ http://www.commercialriskeurope.com/cre/990/15/Lockton-plugs-gap-in-South-Africa-with-creation-of-new-brokerage/ Thu, 20 Oct 2011 11:12:00 +0100 http://www.commercialriskeurope.com/cre/990/15/Lockton-plugs-gap-in-South-Africa-with-creation-of-new-brokerage/ http://www.commercialriskeurope.com/cre/999/15/Risk-culture-a-work-in-progress-within-most-insurers-finds-IRM-survey/ The rise of Solvency II and the inclusion of analysis of enterprise risk management practices by the credit rating agencies within their rating methodology has sparked a higher interest in and commitment to risk management within Europe’s insurance and reinsurance... Thu, 20 Oct 2011 11:12:00 +0100 http://www.commercialriskeurope.com/cre/999/15/Risk-culture-a-work-in-progress-within-most-insurers-finds-IRM-survey/ http://www.commercialriskeurope.com/cre/996/15/Reserve-adequacy-a-concern-in-UK-Company-and-London-markets-AM-Best/ Thu, 20 Oct 2011 11:11:00 +0100 http://www.commercialriskeurope.com/cre/996/15/Reserve-adequacy-a-concern-in-UK-Company-and-London-markets-AM-Best/ http://www.commercialriskeurope.com/cre/995/15/Regulatory-investigations-continue-to-rise-as-staff-get-happy-with-their-whistles/ Research from a leading US and global litigation law firm has confirmed what most European risk and insurance managers instinctively know already, that regulatory investigations are on the rise, whistleblowers are increasingly happy to blow their tool and regulatory action... Thu, 20 Oct 2011 11:00:00 +0100 http://www.commercialriskeurope.com/cre/995/15/Regulatory-investigations-continue-to-rise-as-staff-get-happy-with-their-whistles/ http://www.commercialriskeurope.com/cre/994/15/Growth-economies-take-centre-stage-in-new-financial-world-order-survey-says/ There has been a shift in the global financial landscape with growth economies around the world such as Asia and Latin America increasingly taking centre stage as sources of business and capital for financial institutions, according to a survey by... Thu, 20 Oct 2011 10:57:00 +0100 http://www.commercialriskeurope.com/cre/994/15/Growth-economies-take-centre-stage-in-new-financial-world-order-survey-says/ http://www.commercialriskeurope.com/cre/993/15/S-P-concerned-over-capital-levels-of-global-multiline-insurers/ Thu, 20 Oct 2011 10:51:00 +0100 http://www.commercialriskeurope.com/cre/993/15/S-P-concerned-over-capital-levels-of-global-multiline-insurers/ http://www.commercialriskeurope.com/cre/991/15/S-P-lowers-Mapfre-and-core-subsidiaries-ratings/ Thu, 20 Oct 2011 10:43:00 +0100 http://www.commercialriskeurope.com/cre/991/15/S-P-lowers-Mapfre-and-core-subsidiaries-ratings/ http://www.commercialriskeurope.com/cre/992/15/Piracy-at-record-high-but-Somali-hotspot-sees-reduction-in-success-rate/ Piracy is at a record high in 2011 but an increased number of attacks by Somali pirates, the main perpetrators of activity, are being thwarted thanks to improved anti-piracy measures, according to the International Chamber of Commerce (ICC) International Maritime... Thu, 20 Oct 2011 10:32:00 +0100 http://www.commercialriskeurope.com/cre/992/15/Piracy-at-record-high-but-Somali-hotspot-sees-reduction-in-success-rate/ http://www.commercialriskeurope.com/cre/989/15/Protection-offered-to-fund-directors-as-policing-environment-gets-tough/ Thu, 20 Oct 2011 10:31:00 +0100 http://www.commercialriskeurope.com/cre/989/15/Protection-offered-to-fund-directors-as-policing-environment-gets-tough/ http://www.commercialriskeurope.com/cre/988/15/Zurich-opens-global-programme-database-as-rivals-frosty-on-industry-effort/ Zurich Global Corporate has told Commercial Risk Europe that it is ‘fully supportive’ of the effort by European risk managers led by Ferma and Airmic to deliver an industry-wide standard on global programmes and is opening up its database to... Thu, 13 Oct 2011 12:47:00 +0100 http://www.commercialriskeurope.com/cre/988/15/Zurich-opens-global-programme-database-as-rivals-frosty-on-industry-effort/ http://www.commercialriskeurope.com/cre/986/15/Den-Dekker-warns-insurers-he-will-not-give-up-on-global-programmes-plan/ As insurers gave a mixed reception to Ferma’s call for an industry-wide standard and database for global programmes during the federation’s forum last week, Peter den Dekker, outgoing President of Ferma, voiced his frustration and called on the big broking... Thu, 13 Oct 2011 12:35:00 +0100 http://www.commercialriskeurope.com/cre/986/15/Den-Dekker-warns-insurers-he-will-not-give-up-on-global-programmes-plan/ http://www.commercialriskeurope.com/cre/982/15/Solvency-II-could-increase-systemic-risk-and-stifle-innovation-warns-panel/ Thu, 13 Oct 2011 12:34:00 +0100 http://www.commercialriskeurope.com/cre/982/15/Solvency-II-could-increase-systemic-risk-and-stifle-innovation-warns-panel/ http://www.commercialriskeurope.com/cre/985/15/More-collaboration-needed-between-buyers-and-carriers-to-drive-innovation/ Thu, 13 Oct 2011 12:30:00 +0100 http://www.commercialriskeurope.com/cre/985/15/More-collaboration-needed-between-buyers-and-carriers-to-drive-innovation/ http://www.commercialriskeurope.com/cre/984/15/Market-tense-but-not-at-tipping-point-as-capital-remains-strong-panel/ Whilst there is a degree of tension in the commercial insurance market and signs of gathering pressure it is not yet at tipping point with rates still falling or stable in most lines of business, according to a range of... Thu, 13 Oct 2011 12:18:00 +0100 http://www.commercialriskeurope.com/cre/984/15/Market-tense-but-not-at-tipping-point-as-capital-remains-strong-panel/ http://www.commercialriskeurope.com/cre/983/15/Risk-management-crucial-in-securing-infrastructure-funding-says-Glaser/ With current macro economic and social conditions restricting investor and lender appetite for infrastructure projects, Dan Glaser, Group President and Chief Operating Officer at Marsh & McLennan Companies, has called on risk professionals to demystify and manage the perceived risks... Thu, 13 Oct 2011 12:13:00 +0100 http://www.commercialriskeurope.com/cre/983/15/Risk-management-crucial-in-securing-infrastructure-funding-says-Glaser/ http://www.commercialriskeurope.com/cre/979/15/Global-programme-compliance-debate-fuelled-by-database-conundrum/ Risk managers were warned at Ferma’s forum that compliance is becoming an increasingly important issue for their global programmes and that the failure of the insurance industry to come up with a global database to help solve this problem is... Thu, 13 Oct 2011 12:12:00 +0100 http://www.commercialriskeurope.com/cre/979/15/Global-programme-compliance-debate-fuelled-by-database-conundrum/ http://www.commercialriskeurope.com/cre/976/15/Political-risk-and-regulations-on-the-up-but-provide-opportunities-JLT/ Thu, 13 Oct 2011 12:11:00 +0100 http://www.commercialriskeurope.com/cre/976/15/Political-risk-and-regulations-on-the-up-but-provide-opportunities-JLT/ http://www.commercialriskeurope.com/cre/981/15/Corporate-round-up/ Mitsui Sumitomo hires AXA property owners’ team to boost real estate offering in UK, JLT confirms acquisition of Chile’s fourth largest broker, XL launches independent property valuation service to ensure correct cover, Miller appoints Head of Risk, Zurich launches web-based... Thu, 13 Oct 2011 11:59:00 +0100 http://www.commercialriskeurope.com/cre/981/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/987/15/Initial-EU-infrastructure-budget-up-by-42bn-and-PPP-s-to-be-encouraged/ In a move that will interest risk managers at construction companies the European Union’s initial budget proposals for infrastructure projects from 2014 until 2020 is €50bn, up from €8bn for the preceding seven years, according to Antoine Quero-Mussot, Advisor of... Thu, 13 Oct 2011 11:58:00 +0100 http://www.commercialriskeurope.com/cre/987/15/Initial-EU-infrastructure-budget-up-by-42bn-and-PPP-s-to-be-encouraged/ http://www.commercialriskeurope.com/cre/980/15/Credit-rating-round-up/ Thu, 13 Oct 2011 11:48:00 +0100 http://www.commercialriskeurope.com/cre/980/15/Credit-rating-round-up/ http://www.commercialriskeurope.com/cre/978/15/Risk-management-more-in-demand-than-ever-says-software-expert/ The role of the risk manager is growing in importance and demand for risk professionals is greater than ever before, particularly in the insurance industry, according to Thomas Coles, Managing Director of risk engineering specialist MSM Risk Management. Mr Coles... Thu, 13 Oct 2011 11:38:00 +0100 http://www.commercialriskeurope.com/cre/978/15/Risk-management-more-in-demand-than-ever-says-software-expert/ http://www.commercialriskeurope.com/cre/977/15/New-Ferma-president-Luzzi-says-communication-will-be-key-to-his-tenure/ Jorge Luzzi, Director Group Risk for Pirelli Worldwide, prioritised ‘communication, interaction and innovation’ as key features for his two years in charge at Ferma as he took over the presidency of the association at the end of last week’s forum... Thu, 13 Oct 2011 11:31:00 +0100 http://www.commercialriskeurope.com/cre/977/15/New-Ferma-president-Luzzi-says-communication-will-be-key-to-his-tenure/ http://www.commercialriskeurope.com/cre/975/15/Migration-forecast-as-captive-owners-wait-for-clarity-from-EC/ European captive domiciles that will implement Solvency II are putting on a brave face about the potential benefits of the new rules for captives but are still unable to say how the critical principle of proportionality will be applied because... Tue, 11 Oct 2011 16:15:00 +0100 http://www.commercialriskeurope.com/cre/975/15/Migration-forecast-as-captive-owners-wait-for-clarity-from-EC/ http://www.commercialriskeurope.com/cre/973/15/First-among-equals-comment/ Tue, 11 Oct 2011 16:06:00 +0100 http://www.commercialriskeurope.com/cre/973/15/First-among-equals-comment/ http://www.commercialriskeurope.com/cre/972/15/The-flying-Dutchman-Peter-den-Dekker/ Peter den Dekker, Corporate Insurance Risk Manager at Stork, one of the oldest industrial companies in the Netherlands, became president of Ferma back in June of 2009 at a very difficult time for all European companies as they grappled with... Tue, 11 Oct 2011 15:55:00 +0100 http://www.commercialriskeurope.com/cre/972/15/The-flying-Dutchman-Peter-den-Dekker/ http://www.commercialriskeurope.com/cre/971/15/The-Den-Dekker-years-Peter-den-Dekker/ Tue, 11 Oct 2011 15:48:00 +0100 http://www.commercialriskeurope.com/cre/971/15/The-Den-Dekker-years-Peter-den-Dekker/ http://www.commercialriskeurope.com/cre/970/15/Supply-chain-stresses-are-everywhere-Austria/ Supply chain challenges are as important to Austrian risk managers as they are to all others in Europe currently as CRE Editor Adrian Ladbury discovered when he talked to a group at the Vienna leg of the Risk Frontiers annual... Tue, 11 Oct 2011 15:32:00 +0100 http://www.commercialriskeurope.com/cre/970/15/Supply-chain-stresses-are-everywhere-Austria/ http://www.commercialriskeurope.com/cre/969/15/Ever-accelerating-exposures-Switzerland/ Risk managers are not having to deal with loads of new risks but loads of old ones that are being transformed by rapid economic change the world over, according to a group of leading Swiss practitioners who gathered for the... Tue, 11 Oct 2011 15:16:00 +0100 http://www.commercialriskeurope.com/cre/969/15/Ever-accelerating-exposures-Switzerland/ http://www.commercialriskeurope.com/cre/968/15/IRM-guide-on-risk-appetite-tolerance/ The IRM has launched a new guidance paper on the subject of risk appetite and risk tolerance to help European risk professionals and their boards to better achieve their strategic objectives and comply with the latest corporate governance requirements. These... Tue, 11 Oct 2011 15:00:00 +0100 http://www.commercialriskeurope.com/cre/968/15/IRM-guide-on-risk-appetite-tolerance/ http://www.commercialriskeurope.com/cre/967/15/Den-Dekker-challenges-Bipar-EC-on-disclosure/ Tue, 04 Oct 2011 19:23:00 +0100 http://www.commercialriskeurope.com/cre/967/15/Den-Dekker-challenges-Bipar-EC-on-disclosure/ http://www.commercialriskeurope.com/cre/966/15/Big-improvements-reported-on-Nordic-ERM-processes/ Enterprise risk management (ERM) is improving in the Nordic region as companies catch up with their European counterparts, according to a recent survey by Swerma, the Swedish risk management association. But there remains a lack of cooperation and coordination with... Tue, 04 Oct 2011 19:22:00 +0100 http://www.commercialriskeurope.com/cre/966/15/Big-improvements-reported-on-Nordic-ERM-processes/ http://www.commercialriskeurope.com/cre/965/15/Brand-damage-wipes-out-fifth-of-value/ According to the latest research by specialist consulting firm Oxford Metrica over 80% of the world’s largest 1000 companies suffered a 20% reduction in their value over a five year period as the result of a brand and reputational damage... Tue, 04 Oct 2011 19:19:00 +0100 http://www.commercialriskeurope.com/cre/965/15/Brand-damage-wipes-out-fifth-of-value/ http://www.commercialriskeurope.com/cre/964/15/AXA-targets-Asia-for-big-growth-in-corporate-business/ To support European risk managers at large multinational companies and follow the expansion of trade around the world AXA Corporate Solutions said yesterday that it plans to double its footprint by 2015 in geographical areas of high growth, with a... Tue, 04 Oct 2011 19:15:00 +0100 http://www.commercialriskeurope.com/cre/964/15/AXA-targets-Asia-for-big-growth-in-corporate-business/ http://www.commercialriskeurope.com/cre/963/15/Risk-managers-urged-to-grasp-opportunity-for-broader-role/ Tue, 04 Oct 2011 19:12:00 +0100 http://www.commercialriskeurope.com/cre/963/15/Risk-managers-urged-to-grasp-opportunity-for-broader-role/ http://www.commercialriskeurope.com/cre/962/15/Risk-managers-seek-clarification-on-Solvency-II-captives-and-IMD/ The insurance industry is still not convinced about the new wave of regulatory changes to be implemented by the European Union, a top insurance lawyer said during the Ferma Forum in Stockholm yesterday. During a session on regulatory issues, Brussels-based... Tue, 04 Oct 2011 19:09:00 +0100 http://www.commercialriskeurope.com/cre/962/15/Risk-managers-seek-clarification-on-Solvency-II-captives-and-IMD/ http://www.commercialriskeurope.com/cre/961/15/Lloyd-s-eyes-Northern-European-growth/ Tue, 04 Oct 2011 19:06:00 +0100 http://www.commercialriskeurope.com/cre/961/15/Lloyd-s-eyes-Northern-European-growth/ http://www.commercialriskeurope.com/cre/960/15/XL-Chief-commits-to-yet-more-innovation-to-back-up-rebrand/ XL Group this week launched a new global brand and marketing campaign at the Ferma conference and CEO Mike McGavick told Commercial Risk Europe that it represents far more than a fancy new colour scheme and logo. Mr McGavick, who... Tue, 04 Oct 2011 19:04:00 +0100 http://www.commercialriskeurope.com/cre/960/15/XL-Chief-commits-to-yet-more-innovation-to-back-up-rebrand/ http://www.commercialriskeurope.com/cre/959/15/Looking-to-the-future-Julia-Graham/ As well as dealing with a range of European issues Ferma is set to turn its attention to matters beyond the EU to deal with challenges facing the risk management profession in Asia, Latin America and elsewhere as European companies... Tue, 04 Oct 2011 18:58:00 +0100 http://www.commercialriskeurope.com/cre/959/15/Looking-to-the-future-Julia-Graham/ http://www.commercialriskeurope.com/cre/958/15/Den-Dekker-urges-insurers-to-crack-the-CBI-problem/ Mon, 03 Oct 2011 21:45:00 +0100 http://www.commercialriskeurope.com/cre/958/15/Den-Dekker-urges-insurers-to-crack-the-CBI-problem/ http://www.commercialriskeurope.com/cre/953/15/Insurers-and-regulators-pressured-to-take-global-programme-effort-seriously/ If the leading industrial insurers hope that they can quietly evade the effort by European risk managers to deliver an industry-wide facility to help deliver more consistency and clarity over global programmes they risk seriously upsetting their major customers, according... Mon, 03 Oct 2011 21:44:00 +0100 http://www.commercialriskeurope.com/cre/953/15/Insurers-and-regulators-pressured-to-take-global-programme-effort-seriously/ http://www.commercialriskeurope.com/cre/957/15/Companies-must-have-response-strategies-for-business-interruption/ Mon, 03 Oct 2011 21:43:00 +0100 http://www.commercialriskeurope.com/cre/957/15/Companies-must-have-response-strategies-for-business-interruption/ http://www.commercialriskeurope.com/cre/956/15/Futurologist-speaker-says-use-your-imagination/ Mon, 03 Oct 2011 21:40:00 +0100 http://www.commercialriskeurope.com/cre/956/15/Futurologist-speaker-says-use-your-imagination/ http://www.commercialriskeurope.com/cre/955/15/Risk-controls-need-to-improve-but-not-through-more-regulation-Ackermann/ Mon, 03 Oct 2011 21:32:00 +0100 http://www.commercialriskeurope.com/cre/955/15/Risk-controls-need-to-improve-but-not-through-more-regulation-Ackermann/ http://www.commercialriskeurope.com/cre/952/15/Market-responding-to-supply-chain-demand-but-more-transparency-needed/ Insurance managers across Europe are calling on brokers and insurers to work out how they can offer broader based business interruption coverage, particularly contingent cover (CBI) and non damage BI as they come to terms with the implications of the... Mon, 03 Oct 2011 21:31:00 +0100 http://www.commercialriskeurope.com/cre/952/15/Market-responding-to-supply-chain-demand-but-more-transparency-needed/ http://www.commercialriskeurope.com/cre/954/15/Overall-corporate-insurance-rates-flat-but-cat-risks-rising-Marsh/ Mon, 03 Oct 2011 21:30:00 +0100 http://www.commercialriskeurope.com/cre/954/15/Overall-corporate-insurance-rates-flat-but-cat-risks-rising-Marsh/ http://www.commercialriskeurope.com/cre/951/15/Corporate-round-up/ Mon, 03 Oct 2011 21:19:00 +0100 http://www.commercialriskeurope.com/cre/951/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/950/15/ISO-31000-survey-paves-way-for-new-guidance/ In preparation for new guidance on the latest ISO risk management standard the first global survey of the ISO 31000 – Risk Management Principle and Guidelines will take place this month to gather the views of risk practitioners on the... Mon, 03 Oct 2011 21:13:00 +0100 http://www.commercialriskeurope.com/cre/950/15/ISO-31000-survey-paves-way-for-new-guidance/ http://www.commercialriskeurope.com/cre/949/15/A-global-brief-Jorge-Luzzi/ Mon, 03 Oct 2011 21:09:00 +0100 http://www.commercialriskeurope.com/cre/949/15/A-global-brief-Jorge-Luzzi/ http://www.commercialriskeurope.com/cre/948/15/French-captive-experts-fear-for-the-sector-rate-hikes-under-Solvency-II/ French risk managers and brokers who recently gathered in Paris for a debate on Solvency II organised by Amrae were told that there remain grave concerns over its effects on captives and that it will probably raise the costs of... Mon, 03 Oct 2011 21:06:00 +0100 http://www.commercialriskeurope.com/cre/948/15/French-captive-experts-fear-for-the-sector-rate-hikes-under-Solvency-II/ http://www.commercialriskeurope.com/cre/947/15/Improved-relationships-across-risk-transfer-chain-top-Dennery-s-agenda/ Michel Dennery, the Deputy Chief Risk Officer at GDF Suez, the French utility group, is the new vice-president of Ferma. He has been elected with a two year mandate and will take over the position during the risk management federation’s... Mon, 03 Oct 2011 21:01:00 +0100 http://www.commercialriskeurope.com/cre/947/15/Improved-relationships-across-risk-transfer-chain-top-Dennery-s-agenda/ http://www.commercialriskeurope.com/cre/946/15/Man-with-a-mission-Comment/ Jorge Luzzi of Pirelli takes over at Ferma at an interesting and very challenging time for the European and international risk and insurance community and, of course, we at Commercial Risk Europe wish him all the best with his new... Mon, 03 Oct 2011 20:59:00 +0100 http://www.commercialriskeurope.com/cre/946/15/Man-with-a-mission-Comment/ http://www.commercialriskeurope.com/cre/974/15/Progress-made-on-global-programmes-industry-database/ The effort to create a global database to help risk managers ensure that their global programmes are compliant took some steps forwards towards the end of September during a meeting in London hosted by Airmic and attended by representatives of... Sun, 02 Oct 2011 16:09:00 +0100 http://www.commercialriskeurope.com/cre/974/15/Progress-made-on-global-programmes-industry-database/ http://www.commercialriskeurope.com/cre/945/15/Admin-fees-for-international-D-O-programmes-on-the-way-warns-broker/ German brokers will start charging administrative fees for internationally focused D&O programmes as administration costs grow, according to a leading broker. Georg Bräuchle of Marsh's German management team also noted that the German motor market is on the turn but... Thu, 29 Sep 2011 11:41:00 +0100 http://www.commercialriskeurope.com/cre/945/15/Admin-fees-for-international-D-O-programmes-on-the-way-warns-broker/ http://www.commercialriskeurope.com/cre/944/15/IUMI-conference-tackles-piracy-and-poor-insurer-results/ Thu, 29 Sep 2011 11:37:00 +0100 http://www.commercialriskeurope.com/cre/944/15/IUMI-conference-tackles-piracy-and-poor-insurer-results/ http://www.commercialriskeurope.com/cre/943/15/German-market-under-pressure-from-poor-investment-returns-says-S-P/ German insurers are under pressure from reduced investment returns as the financial markets provide a big test for the industry, but these conditions have not yet led to an increased focus on underwriting performance and profits, according to Standard &... Thu, 29 Sep 2011 11:34:00 +0100 http://www.commercialriskeurope.com/cre/943/15/German-market-under-pressure-from-poor-investment-returns-says-S-P/ http://www.commercialriskeurope.com/cre/941/15/ABI-guidance-on-exec-pay-and-boardroom-effectiveness-met-with-approval/ Thu, 29 Sep 2011 10:52:00 +0100 http://www.commercialriskeurope.com/cre/941/15/ABI-guidance-on-exec-pay-and-boardroom-effectiveness-met-with-approval/ http://www.commercialriskeurope.com/cre/942/15/Corporate-round-up/ Marsh appoint Waterer as Head of Risk Consulting in UK and Ireland, XL extends Nordic upper mid market offering, Marsh and AAIB set up oil rig facility, Zurich launches online academy to mitigate damage to goods in transit, Kane make... Thu, 29 Sep 2011 10:51:00 +0100 http://www.commercialriskeurope.com/cre/942/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/940/15/French-insurers-to-seek-compensation-if-banks-are-bailed-out/ Thu, 29 Sep 2011 10:32:00 +0100 http://www.commercialriskeurope.com/cre/940/15/French-insurers-to-seek-compensation-if-banks-are-bailed-out/ http://www.commercialriskeurope.com/cre/939/15/London-remains-number-one-global-financial-centre-but-gap-closes/ London remains the number one global financial centre, followed by New York and Hong Kong, but the gap is closing, according to the latest and tenth addition of the Global Financial Centres Index (GFCI). Capital cities in the weaker Eurozone... Thu, 29 Sep 2011 10:25:00 +0100 http://www.commercialriskeurope.com/cre/939/15/London-remains-number-one-global-financial-centre-but-gap-closes/ http://www.commercialriskeurope.com/cre/938/15/Jorge-Luzzi-elected-President-of-Ferma/ Thu, 22 Sep 2011 11:13:00 +0100 http://www.commercialriskeurope.com/cre/938/15/Jorge-Luzzi-elected-President-of-Ferma/ http://www.commercialriskeurope.com/cre/937/15/Lloyd-s-suffers-697m-loss-after-battering-from-nat-cats/ Thu, 22 Sep 2011 11:07:00 +0100 http://www.commercialriskeurope.com/cre/937/15/Lloyd-s-suffers-697m-loss-after-battering-from-nat-cats/ http://www.commercialriskeurope.com/cre/936/15/German-managers-need-better-D-O-protection-as-litigation-mounts/ Thu, 22 Sep 2011 11:01:00 +0100 http://www.commercialriskeurope.com/cre/936/15/German-managers-need-better-D-O-protection-as-litigation-mounts/ http://www.commercialriskeurope.com/cre/935/15/Maltese-and-Slovenian-risk-management-associations-join-Ferma/ Thu, 22 Sep 2011 10:58:00 +0100 http://www.commercialriskeurope.com/cre/935/15/Maltese-and-Slovenian-risk-management-associations-join-Ferma/ http://www.commercialriskeurope.com/cre/934/15/Corporate-round-up/ Thu, 22 Sep 2011 10:53:00 +0100 http://www.commercialriskeurope.com/cre/934/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/933/15/Dutch-insurance-sector-outlook-stable-says-Fitch/ Thu, 22 Sep 2011 10:49:00 +0100 http://www.commercialriskeurope.com/cre/933/15/Dutch-insurance-sector-outlook-stable-says-Fitch/ http://www.commercialriskeurope.com/cre/932/15/Risk-manager-takes-top-role-at-Willis-Global-Aerospace/ Thu, 22 Sep 2011 10:45:00 +0100 http://www.commercialriskeurope.com/cre/932/15/Risk-manager-takes-top-role-at-Willis-Global-Aerospace/ http://www.commercialriskeurope.com/cre/931/15/Increased-focus-needed-on-solar-energy-risk-says-IMIA/ Risks faced by solar energy installations are on the rise as they attract the attention of organised gangs looking to loot the expensive materials used in their construction. Combined with the installations inherent weather related and natural hazard exposures the... Thu, 22 Sep 2011 10:42:00 +0100 http://www.commercialriskeurope.com/cre/931/15/Increased-focus-needed-on-solar-energy-risk-says-IMIA/ http://www.commercialriskeurope.com/cre/923/15/Insurers-and-buyers-must-meet-halfway-to-spark-unfit-CBI-market/ In order for the insurance industry to supply fit for purpose contingent business interruption (CBI) cover risk managers must provide more transparency on their supply chains and general business models, according to a panel of experts in Monte Carlo this... Thu, 15 Sep 2011 12:02:00 +0100 http://www.commercialriskeurope.com/cre/923/15/Insurers-and-buyers-must-meet-halfway-to-spark-unfit-CBI-market/ http://www.commercialriskeurope.com/cre/922/15/Low-interest-rate-biggest-shock-to-insurance-industry-that-must-adapt/ The record low interest rate environment, rather than the recent spate of natural catastrophes, has caused the biggest shock to the risk transfer industry, according to Swiss Re. With these conditions set to persist the industry needs to reassess its... Thu, 15 Sep 2011 11:41:00 +0100 http://www.commercialriskeurope.com/cre/922/15/Low-interest-rate-biggest-shock-to-insurance-industry-that-must-adapt/ http://www.commercialriskeurope.com/cre/920/15/Jeworrek-says-CBI-cover-must-change-and-urges-risk-managers-to-up-efforts/ Torsten Jeworrek, member of Munich Re's Board of Management and Chairman of its Reinsurance Committee, has warned that for severe catastrophe events contingent business interruption (CBI) policies must undergo change as the insurance industry cannot continue to give cover ‘blindly’.... Thu, 15 Sep 2011 11:37:00 +0100 http://www.commercialriskeurope.com/cre/920/15/Jeworrek-says-CBI-cover-must-change-and-urges-risk-managers-to-up-efforts/ http://www.commercialriskeurope.com/cre/930/15/How-to-sell-a-risk-Comment/ The Kiwis (New Zealanders), as anyone who has had the ‘pleasure’ of playing rugby against them will attest, do not tend to mess around and overcomplicate things. If something needs fixing they just roll their sleeves up and get on... Thu, 15 Sep 2011 11:36:00 +0100 http://www.commercialriskeurope.com/cre/930/15/How-to-sell-a-risk-Comment/ http://www.commercialriskeurope.com/cre/921/15/Reserve-redundancies-running-out-but-do-not-pose-immediate-risk/ The significant reserve releases by insurers and reinsurers in recent times to bolster earnings in the absence of healthy investment returns do not pose an immediate threat of sudden reserve additions for prior years as seen in 2001–2003 or a... Thu, 15 Sep 2011 11:17:00 +0100 http://www.commercialriskeurope.com/cre/921/15/Reserve-redundancies-running-out-but-do-not-pose-immediate-risk/ http://www.commercialriskeurope.com/cre/916/15/Pressure-mounts-for-rate-hardening-in-risk-transfer-industry-says-Moody-s/ The low interest rate environment, depletion of the reserve cushion and moderation in the supply and demand imbalance fuelled by the recent natural catastrophe losses have all provided strong momentum for rate hardening in the risk transfer industry, according to... Thu, 15 Sep 2011 11:16:00 +0100 http://www.commercialriskeurope.com/cre/916/15/Pressure-mounts-for-rate-hardening-in-risk-transfer-industry-says-Moody-s/ http://www.commercialriskeurope.com/cre/915/15/Rate-hardening-or-outlook-downgrade-AM-Best/ Whilst AM Best’s rating of the global reinsurance segment remains stable the firm said it is taking a wait and see approach on whether potential further catastrophe losses, worsening economic market conditions and thinning reserves will result in a hardening... Thu, 15 Sep 2011 11:15:00 +0100 http://www.commercialriskeurope.com/cre/915/15/Rate-hardening-or-outlook-downgrade-AM-Best/ http://www.commercialriskeurope.com/cre/919/15/Buyers-must-be-prepared-to-pay-for-extended-BI-cover-Hannover-Re/ Ulrich Wallin, Chairman of the Executive Board of Hannover Re, suggested this week that appetite for extended business interruption coverage for insurers and their corporate customers following the Japanese earthquake and tsunami is unlikely to be sated unless customers are... Thu, 15 Sep 2011 09:29:00 +0100 http://www.commercialriskeurope.com/cre/919/15/Buyers-must-be-prepared-to-pay-for-extended-BI-cover-Hannover-Re/ http://www.commercialriskeurope.com/cre/925/15/Willis-Sullivan-says-advances-in-modeling-could-end-volatile-market-cycles/ In a keynote speech at the Monte Carlo Rendez-vous this week Martin Sullivan, Deputy Chairman of Willis Group and CEO of Willis Global Solutions, argued that due to advances in actuarial and natural catastrophe modeling techniques attracting longer-term capital market... Thu, 15 Sep 2011 09:28:00 +0100 http://www.commercialriskeurope.com/cre/925/15/Willis-Sullivan-says-advances-in-modeling-could-end-volatile-market-cycles/ http://www.commercialriskeurope.com/cre/917/15/Reinsurers-must-work-hard-to-reclaim-US-casualty-business-Aon-Benfield/ Thu, 15 Sep 2011 09:26:00 +0100 http://www.commercialriskeurope.com/cre/917/15/Reinsurers-must-work-hard-to-reclaim-US-casualty-business-Aon-Benfield/ http://www.commercialriskeurope.com/cre/929/15/Best-practice-guide-on-supply-chain-management-launched-by-SCRLC/ With supply chain disruption at the forefront of many risk managers’ minds following the recent Japanese earthquake and other global disasters the Supply Chain Risk Leadership Council (SCRLC) has published a best practices guide to help companies address the growing... Thu, 15 Sep 2011 09:25:00 +0100 http://www.commercialriskeurope.com/cre/929/15/Best-practice-guide-on-supply-chain-management-launched-by-SCRLC/ http://www.commercialriskeurope.com/cre/924/15/IRM-launches-new-guidance-on-risk-appetite/ Thu, 15 Sep 2011 09:24:00 +0100 http://www.commercialriskeurope.com/cre/924/15/IRM-launches-new-guidance-on-risk-appetite/ http://www.commercialriskeurope.com/cre/928/15/Solvency-II-to-shake-up-insurance-market-and-cause-exits-PwC/ Thu, 15 Sep 2011 08:02:00 +0100 http://www.commercialriskeurope.com/cre/928/15/Solvency-II-to-shake-up-insurance-market-and-cause-exits-PwC/ 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/926/15/Insured-cat-losses-for-H1-70bn-and-second-highest-on-record-Swiss-Re/ The catastrophe losses in the first half of 2011 cost the insurance industry $70bn according to Swiss Re figures. 2011 will witness the highest earthquake losses ever recorded and already ranks as the second costliest year for insured natural catastrophe... Thu, 15 Sep 2011 08:00:00 +0100 http://www.commercialriskeurope.com/cre/926/15/Insured-cat-losses-for-H1-70bn-and-second-highest-on-record-Swiss-Re/ http://www.commercialriskeurope.com/cre/913/15/Risk-distribution-survey-2011/ Europe’s corporate insurance brokers need to step up efforts to broaden and deepen their global expertise and capabilities if they are to avoid becoming increasingly irrelevant, according to Commercial Risk Europe’s new survey Risk Distribution, published last week at the... Mon, 12 Sep 2011 11:22:00 +0100 http://www.commercialriskeurope.com/cre/913/15/Risk-distribution-survey-2011/ http://www.commercialriskeurope.com/cre/912/15/Libyan-revolution-opens-doors-to-foreign-investment/ The overthrow of the Qadhafi regime in Libya will lead to real opportunities for certain foreign companies and investors in the North African state, but they will come with a great risk, according to Willis Group Holdings’ political risk expert... Mon, 12 Sep 2011 11:18:00 +0100 http://www.commercialriskeurope.com/cre/912/15/Libyan-revolution-opens-doors-to-foreign-investment/ http://www.commercialriskeurope.com/cre/911/15/Recent-prominent-incidents-highlight-supply-chain-risks/ Mon, 12 Sep 2011 11:14:00 +0100 http://www.commercialriskeurope.com/cre/911/15/Recent-prominent-incidents-highlight-supply-chain-risks/ http://www.commercialriskeurope.com/cre/910/15/Time-to-cross-the-Rubicon--Comment/ The decision to carry out our first survey of Europe’s leading brokers was a brave one given the scale of the task but one that proved to be well worth the effort. Risk Distribution is published this month and will... Mon, 12 Sep 2011 11:10:00 +0100 http://www.commercialriskeurope.com/cre/910/15/Time-to-cross-the-Rubicon--Comment/ http://www.commercialriskeurope.com/cre/909/15/A-cunning-plan-Andrew-Kendrick/ Mon, 12 Sep 2011 10:59:00 +0100 http://www.commercialriskeurope.com/cre/909/15/A-cunning-plan-Andrew-Kendrick/ http://www.commercialriskeurope.com/cre/908/15/Forum-set-to-be-platform-for-education-progress/ With risk management increasingly in the spotlight following the credit crunch of 2008 and other high profile incidents ranging from the Icelandic volcanic ash cloud to the numerous catastrophic events so far in 2011, the profession stands at an important... Mon, 12 Sep 2011 10:55:00 +0100 http://www.commercialriskeurope.com/cre/908/15/Forum-set-to-be-platform-for-education-progress/ http://www.commercialriskeurope.com/cre/907/15/Renaissance-man-Martin-Sullivan/ Martin Sullivan recently took on the role of Deputy Chairman of global broker Willis and Chairman and CEO of a new business unit, Willis Global Solutions, that was created to oversee brokerage and risk management advisory services for Willis’s global... Mon, 12 Sep 2011 10:47:00 +0100 http://www.commercialriskeurope.com/cre/907/15/Renaissance-man-Martin-Sullivan/ http://www.commercialriskeurope.com/cre/914/15/Broker-insurer-and-reinsurer-results-analysis/ Sun, 11 Sep 2011 11:42:00 +0100 http://www.commercialriskeurope.com/cre/914/15/Broker-insurer-and-reinsurer-results-analysis/ http://www.commercialriskeurope.com/cre/906/15/inex24-reports-rising-interest-at-home-opens-international-talks/ Thu, 08 Sep 2011 10:48:00 +0100 http://www.commercialriskeurope.com/cre/906/15/inex24-reports-rising-interest-at-home-opens-international-talks/ http://www.commercialriskeurope.com/cre/905/15/Market-finally-hits-bottom-and-ready-to-turn-Insurers/ Insurers of German industrial business expect the market to stabilise and start to harden over the next six months, despite hopes expressed by brokers and insurance managers to Commercial Risk Europe in recent days that there is plenty of life... Thu, 08 Sep 2011 10:29:00 +0100 http://www.commercialriskeurope.com/cre/905/15/Market-finally-hits-bottom-and-ready-to-turn-Insurers/ http://www.commercialriskeurope.com/cre/904/15/Content-not-price-needs-to-be-focus-Kurth/ Thu, 08 Sep 2011 10:24:00 +0100 http://www.commercialriskeurope.com/cre/904/15/Content-not-price-needs-to-be-focus-Kurth/ http://www.commercialriskeurope.com/cre/903/15/Insurance-industry-can-innovate-if-risks-spotted-early-Galvagni/ Thu, 08 Sep 2011 10:19:00 +0100 http://www.commercialriskeurope.com/cre/903/15/Insurance-industry-can-innovate-if-risks-spotted-early-Galvagni/ http://www.commercialriskeurope.com/cre/902/15/It-takes-two-to-tango-Comment/ With the DVS inviting leading insurers to attend a roundtable this autumn to discuss ways to better achieve more innovative solutions to emerging risks, many discussions at the association’s 2011 symposium inevitably centred around the availability of suitable cover, or... Thu, 08 Sep 2011 10:14:00 +0100 http://www.commercialriskeurope.com/cre/902/15/It-takes-two-to-tango-Comment/ http://www.commercialriskeurope.com/cre/901/15/London-market-bigger-than-thought-but-Europe-is-still-only-17-per-cent-of-total/ The London company market is significantly larger than previously suggested by market statistics and bigger than many market commentators suspected according to an International Underwriting Association (IUA) report published this week. The report shows that in 2010 the market was... Thu, 08 Sep 2011 10:10:00 +0100 http://www.commercialriskeurope.com/cre/901/15/London-market-bigger-than-thought-but-Europe-is-still-only-17-per-cent-of-total/ http://www.commercialriskeurope.com/cre/900/15/Beware-the-ripple-effect/ Risk managers today face a growing array of emerging risks and must contend with the new key dynamic of an interconnected world where the consequences of risk ripples across the globe and are extremely difficult to combat, according to Reto... Thu, 08 Sep 2011 10:03:00 +0100 http://www.commercialriskeurope.com/cre/900/15/Beware-the-ripple-effect/ http://www.commercialriskeurope.com/cre/899/15/Strategy-for-growth-Fred-Kleiterp/ Swiss Re restructured its leadership and through that adjusted its core business last October. It decided to focus on three key areas: Reinsurance, Corporate Solutions and Admin Re. Corporate Solutions includes all of Swiss Re’s insurance-related offerings, such as large... Thu, 08 Sep 2011 09:55:00 +0100 http://www.commercialriskeurope.com/cre/899/15/Strategy-for-growth-Fred-Kleiterp/ http://www.commercialriskeurope.com/cre/898/15/Brokers-see-no-hardening-but-advise-more-retention-and-long-term-deals/ Tue, 06 Sep 2011 22:17:00 +0100 http://www.commercialriskeurope.com/cre/898/15/Brokers-see-no-hardening-but-advise-more-retention-and-long-term-deals/ http://www.commercialriskeurope.com/cre/897/15/Buyers-still-worried-about-limited-capacity-as-Argentina-launches-new-rules/ Tue, 06 Sep 2011 22:14:00 +0100 http://www.commercialriskeurope.com/cre/897/15/Buyers-still-worried-about-limited-capacity-as-Argentina-launches-new-rules/ http://www.commercialriskeurope.com/cre/896/15/Marsh-follows-client-base-with-expansion-into-Africa/ Tue, 06 Sep 2011 22:12:00 +0100 http://www.commercialriskeurope.com/cre/896/15/Marsh-follows-client-base-with-expansion-into-Africa/ http://www.commercialriskeurope.com/cre/895/15/Rating-agencies-bullish-about-reinsurance-sector-prospects/ Credit rating agency Moody’s yesterday changed its outlook on the global reinsurance sector to stable from negative in a move that it said reflected the ‘momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and... Tue, 06 Sep 2011 22:08:00 +0100 http://www.commercialriskeurope.com/cre/895/15/Rating-agencies-bullish-about-reinsurance-sector-prospects/ http://www.commercialriskeurope.com/cre/894/15/Still-no-hardening-foreseen-Comment/ Brokers and insurance managers in Germany and across Europe do not expect a dramatic hardening in terms and conditions over coming months and for the year-end reinsurance renewal as that part of the market prepares for its annual meeting in... Tue, 06 Sep 2011 22:06:00 +0100 http://www.commercialriskeurope.com/cre/894/15/Still-no-hardening-foreseen-Comment/ http://www.commercialriskeurope.com/cre/893/15/The-time-for-straight-talking/ This year’s Deutscher Versicherungs-Schutzverband (DVS) symposium will again cover a broad range of key issues and give the German risk management and commercial insurance community the opportunity to meet and discuss topics of interest and intensify dialogue in order to... Tue, 06 Sep 2011 22:03:00 +0100 http://www.commercialriskeurope.com/cre/893/15/The-time-for-straight-talking/ http://www.commercialriskeurope.com/cre/892/15/Insurance-sector-still-staring-into-unknown-ten-years-on-from-9-11/ Tue, 06 Sep 2011 21:55:00 +0100 http://www.commercialriskeurope.com/cre/892/15/Insurance-sector-still-staring-into-unknown-ten-years-on-from-9-11/ http://www.commercialriskeurope.com/cre/884/15/Policyholders-and-insurers-being-made-to-pay-for-economic-crisis-experts-warn/ Insurers, and ultimately policyholders, are being made to pay the price for the financial crisis and resultant state bailouts, according to experts at Swiss Re’s Nordic Risk & Insurance Summit (NORIS). The low interest rate environment now needed to help... Fri, 02 Sep 2011 10:40:00 +0100 http://www.commercialriskeurope.com/cre/884/15/Policyholders-and-insurers-being-made-to-pay-for-economic-crisis-experts-warn/ http://www.commercialriskeurope.com/cre/883/15/Insurers-must-avoid-investment-traps-of-Solvency-II-says-Swiss-Re-s-Hess/ Swiss Re’s Chief Economist, Thomas Hess, has warned that the insurance industry is in danger of being forced into investing in low-risk low-yield investments by Solvency II and in particular government bonds. This will result in a lack of investment... Fri, 02 Sep 2011 10:39:00 +0100 http://www.commercialriskeurope.com/cre/883/15/Insurers-must-avoid-investment-traps-of-Solvency-II-says-Swiss-Re-s-Hess/ http://www.commercialriskeurope.com/cre/891/15/Insurers-recover-from-bad-start-to-post-solid-H1/ Profits reported by the non-life operations among Europe’s leading insurers were down in the first half of 2011 compared to the same period last year as the high frequency and severity of natural catastrophes, particularly in the first quarter, took... Fri, 02 Sep 2011 10:33:00 +0100 http://www.commercialriskeurope.com/cre/891/15/Insurers-recover-from-bad-start-to-post-solid-H1/ http://www.commercialriskeurope.com/cre/890/15/Reinsurer-results-look-good-news-for-buyers/ Fri, 02 Sep 2011 10:27:00 +0100 http://www.commercialriskeurope.com/cre/890/15/Reinsurer-results-look-good-news-for-buyers/ http://www.commercialriskeurope.com/cre/889/15/Brokers-Strong-Q2-form-in-flat-market/ Fri, 02 Sep 2011 10:23:00 +0100 http://www.commercialriskeurope.com/cre/889/15/Brokers-Strong-Q2-form-in-flat-market/ http://www.commercialriskeurope.com/cre/888/15/Corporate-round-up/ Marsh to acquire key parts of sub-Saharan African broking business, Gras Savoye makes changes at the top, Willis develops nuclear power station exclusion zone product, Lockton prepares for Ferma Forum by opening Nordic office and Willis targets Polish employee benefit... Fri, 02 Sep 2011 10:11:00 +0100 http://www.commercialriskeurope.com/cre/888/15/Corporate-round-up/ http://www.commercialriskeurope.com/cre/882/15/Irene-loss-estimates-up-to-6bn/ Fri, 02 Sep 2011 10:08:00 +0100 http://www.commercialriskeurope.com/cre/882/15/Irene-loss-estimates-up-to-6bn/ http://www.commercialriskeurope.com/cre/887/15/Mega-loss-of-75bn-needed-to-turn-this-market-Fitch/ Fri, 02 Sep 2011 10:07:00 +0100 http://www.commercialriskeurope.com/cre/887/15/Mega-loss-of-75bn-needed-to-turn-this-market-Fitch/ http://www.commercialriskeurope.com/cre/886/15/Amlin-bloodied-but-unbowed-but-must-sort-Benelux-business-analyst/ Amlin, the London-based specialist corporate insurance and reinsurance group, needs to ‘sort’ Amlin Corporate Insurance (ACI), the continental European business it acquired from Fortis back in 2009 to help win back support of disappointed investors, according to a leading UK... Fri, 02 Sep 2011 10:02:00 +0100 http://www.commercialriskeurope.com/cre/886/15/Amlin-bloodied-but-unbowed-but-must-sort-Benelux-business-analyst/ http://www.commercialriskeurope.com/cre/885/15/EU-rules-threaten-haulage-industry-with-business-continuity-risk-says-insurer/ If truck drivers fail to comply with new EU regulations there is a serious prospect of a breakdown in the distribution and supply chain that could leave shop shelves bare of basic staples such as milk, warned UK insurance group... Fri, 02 Sep 2011 09:56:00 +0100 http://www.commercialriskeurope.com/cre/885/15/EU-rules-threaten-haulage-industry-with-business-continuity-risk-says-insurer/ http://www.commercialriskeurope.com/cre/881/15/Environmental-risk-insured-or-not/ Last year an International Underwriting Association report analysed the impact of the Environmental Liability Directive (ELD) and assessed the capabilities of different classes of liability business to provide environmental cover. Its concluding message was stark and simple: the gap between... Fri, 02 Sep 2011 09:27:00 +0100 http://www.commercialriskeurope.com/cre/881/15/Environmental-risk-insured-or-not/ 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/