All Breaking News articles – Page 48
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Online onlyEC needs to clarify Solvency II
Systems like Solvency II and Basel II may not be the best way of delivering market stability, says consultant
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Online onlyBusinesses are still prepared to take risks
And BSI launches a new risk management standard to encourage businesses to pursue opportunities
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Online onlyCPP offers insurers competitive advantage: Chubb
P&C insurers should not be allowed to access the US government funds set aside for the banking bailout, said Chubb in a letter
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BoE could cut rates again
Britain’s Chancellor hinted that the central bank was free to cut interest rates
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Marsh launches seminars to help with credit crunch
Scottish seminars aimed to help firms manage through the economic downturn
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Online onlyMPs pass mandatory carbon reporting rule
All British companies will have to report their carbon emissions in a standard way by 2012
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Online onlyCompanies are worst at data breaches
Britain’s privacy watchdog called for tighter security after businesses were found to be the worst data breach offenders
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Online onlyReinsurance rates will harden in 2009
Due to major losses and more demand for capacity E+R Rück expects rates to rise significantly
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Online onlyUS insurers lose $11.5bn in Q3 catastrophe claims
Payout is the fourth largest Q3 loss since 1998, says ISO’s property claims service
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Online onlyMarket will turn: Munich Re
Increased demand for reinsurance in current financial climate could increase rates by double digit percentages
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Lawyers don’t protect confidential data
A quarter of law firms admitted to losing confidential documents
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Fitch downgrades ING Bank
Also revises the Group’s outlook to negative on the deteriorating economic environment
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Insurers team up to cover cyber risks
Energy mutual AEGIS has teamed up with Hiscox to write cover for data losses and breaches of privacy
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Online onlyFinancial crisis reinforces the case for Solvency II
EU should not water down the Solvency II directive or postpone the legislative process, said the CRO Forum
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GuideShips warned to anchor properly
The Standard P&I club has issued a safety bulletin to warn ships about the dangers of poor anchoring
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Online onlySoft market despite hurricanes and financial crisis
RIMS survey also points to deteriorating results that may hint at a turn in the market
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Online onlyEurope at risk of recession
Growth prospects are being revised downwards, industrial production is shrinking and unemployment is likely to rise, says a new report from the WEF
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Insurers and brokers warn of shrinking market
A majority of industry executives think the commercial insurance market could shrink over the next year
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Online onlyRIMS endorses Dinallo’s stance on contract certainty
Encourages other states to follow New York’s lead
