All Weekly Email Alert articles – Page 51
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US sets limit on exec pay for bailout firms
President Barack Obama has set a $500,000 limit on annual pay for executives at propped-up companies
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AIG investments took additional risks
At one stage AIG Investments was putting around $70bn into subprime bonds, according to a report
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Slow growth for Euro insurers in 2009
Further write-downs are expected and certain lines will be curtailed, according to Ernst & Young
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Klaus Schwab delivers Davos speech
The world is experiencing a wake-up call to overhaul its institutions, systems and attitudes, claimed the World Econommic Forum’s founder
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Hiscox warns of rise in ‘unfair dismissal’ claims
The insurer said redundancies can lead to a leap in this type of claim
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Commission fines marine hose cartel €131m
The company that revealed the cartel to the authority was not fined
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AIG seeks to sell investment arm
Sources have revealed that the ailing insurer is trying to sell AIG Investments, according to news reports
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Torus offers $50m casualty capacity
The insurance can be accessed through the Bermuda office
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Banks need better risk info
The ability to successfully document a risk profile could help banks manage their risks properly, says Mikael Krohn
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Keep an eye on all the risks
Managing through the dowturn is the biggest concern, but risk managers shouldn't take their eye off the ball
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UN Global Compact urges action on climate change
Secretary-General Ban Ki-moon stressed that climate change ‘threatens all our goals for development and social progress’
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Authorities uncover another massive Ponzi scheme
The owner of Agape World has been charged with running a $370m fraud scheme
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UK underwriters expect rates to rise
Most underwriters said property, motor and liability markets would harden in next three months, according to a survey
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Winter storm wreaks havoc in Spain and France
184 km/h gusts are strongest since records began
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French insurers respond to hurricane
The Federation Francaise des Societes d’Assurances said insurers are responding to policy-holders as quickly as possible
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Risk still ignored in the boardroom
Risk management still seen as a compliance function in the majority of firms, despite the credit crunch, finds E&Y study.