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Download the CRO Risk Forum 2013
CRO Risk Forum now available for download. The supplement includes articles from the chief risk officers of Swiss Re, XL Group, Hannover Re, Nationwide, Ace European Group, Scor and more on the...
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Cyber insurance demand up one-third in 2012
The number of Marsh US clients purchasing cyber insurance increased 33% in 2012 over 2011, with those in the services and educational sectors leading the way.
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Political risk eases in 13 countries: Aon
While the financial crisis and Arab spring make upgrades rife on Aon’s 2013 political risk map, overall country or territory risk is lower than in 2011, with 13 countries upgraded and 12 downgraded.
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Russian meteor shockwave reaches White House
The unannounced explosion of a “small” asteroid over Russia has caused the US government to review its NEO early warning systems.
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Hiscox forms new "counter terrorism" unit
Hiscox said it has launched a “first of its kind in the market” counter terrorism team, in response to growing demand, announcing several appointments.
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Qatar market may out-grow neighbours
Qatar’s insurance market is expected to grow 5% in the next few years as strong economic development is pushing insurance demand, according to a new AM Best report.
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Broking trends: the Brat Pack
Feature: Light-hearted talk of reinsurance brokers as “broctuaries” (broking actuaries), or even “brats” (broking cat modellers) disguises a more profound evolution in the role of the intermediary in...
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Munich Re and IFC in Turkey agreement
Munich Re and IFC have announced an agreement to develop and pilot geothermal exploration risk insurance in Turkey.
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Cyber insurance fails to conquer Europe
Feature: When will the cyber insurance market take off in Europe? We spoke to Zurich, Ascent Underwriting, JLT, Stroz Friedberg to find out how the cyber risk market in Europe will evolve.
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Aspirin shift in cancer mortality risk – RMS
Catastrophe modelling firm Risk Management Solutions (RMS) assesses mortality risk liability consequences for pension funds, as medical studies confirm pensioner life expectancy against cancer risk...
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Space tourism launches policy debate
Tourist spaceships are “gliders” with wings and a rocket engine, so should policies be classed as space or aviation coverage?
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Kuwait financial hub plan will benefit insurers
Developing non-oil revenue through creating a “major financial hub” in Kuwait with tightening regulation should boost its insurance industry.
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Indonesia premiums to double by 2020
Country Profile: With the world’s fourth largest population, minimal insurance penetration and a regulatory overhaul, Indonesia’s insurance industry is fertile ground for new business.
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Solar activity could wreak havoc in 2013
As the planet approaches a peak in solar weather activity, Lloyd’s warns businesses risk severe interruption.
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Profile: Ace Middle East and North Africa
Steve Dixon, Ace’s regional managing director for the Middle East and North Africa (MENA) suggests that the Arab Spring has spurred the insurer into pursuing new facultative reinsurance opportunities...
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US cyber breaches hit all-time high
After a record high number of cyber breaches in 2012 the insurance industry is beginning enhance cyber coverage, says Willis.
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Willis: Supply chain risks 25% share drop
Many energy firms are unaware of the risks supply chain exposures could present, including a 25% drop in share prices that often never recover, says Willis.
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View from the top: Lars Lange, IUMI
Lars Lange, the Secretary General for the International Union of Marine Insurance’s (IUMI), tells Reactions about how the industry body is taking a political slant and why, despite large losses, marine...
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Hannover Re adds £1bn longevity risk deals
Reinsurer Hannover Re has moved further into the UK longevity risk space, with £3bn ($4.6bn) of UK pensions' longevity risk reinsured by the German firm.
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Legal focus: Insurers drowning in regulation
Feature: Shifting international regulations combined with increased litigation after Superstorm Sandy and a greater need to protect against emerging risks such as cyber breaches, could make 2013 a busy...
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