All Regions articles – Page 40
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Businesses are still prepared to take risks
And BSI launches a new risk management standard to encourage businesses to pursue opportunities
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CPP 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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MPs 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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Reinsurance 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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Market will turn: Munich Re
Increased demand for reinsurance in current financial climate could increase rates by double digit percentages
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Analysis
Energy security
Fuel supply networks look increasingly vulnerable and the problems with supply and demand are not going away. What is the international community’s response?
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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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Financial 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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Soft 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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Europe 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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RIMS endorses Dinallo’s stance on contract certainty
Encourages other states to follow New York’s lead
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US P&C capital cushion could shrink by $80bn
Commercial insurance prices expected to stabilise if not increase, according to Towers Perrin
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Treasury hires accountants to administer bail-out
PricewaterhouseCoopers LLP and Ernst & Young will help with the purchase of troubled assets
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Cyber threat is growing
Criminals are getting more sophisticated and launching more attacks, said the FBI
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Credit crunch a ‘breeding ground for fraud’
AIRMIC members warned to expect increased losses
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Analysis
Ethical shortfall
Lax anti-bribery laws in Britain are bad for business as well as the country as a whole
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OECD blasts Britain’s soft touch on bribery
The international organisation demanded the UK adopt proper anti-bribery laws
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Albania opens its first insurance brokerage
MAI Insurance Group will offer broker services to the region, including the newly independent Kosovo
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Treasury hires legal advice to help with bail-out
A New York law firm will help implement the $700bn emergency package