Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It urged members to “develop products that will allow businesses to protect themselves against new …
Risk Management Solutions (RMS), has released its initial estimate for insured losses from Windstorm Kyrill, indicating that it expects them to be between €3 billion and €5 billion ($3.9 billion and $6.5 billion). RMS’ estimates are somewhat lower than fellow …
The federal government should join the state of Massachusetts in enacting universal health coverage, according to Sen. Edward Kennedy, D- Mass., the new chairman of the Senate committee with jurisdiction over numerous health issues. Kennedy’s home state is the first …
A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3 trillion [$1.7 trillion] generated by the end of …
Germany’s Hannover Re announced that Eurus Ltd., a special purpose vehicle, has issued a CAT bond with a volume of $150 million, giving the reinsurer windstorm protection with immediate effect for a term of approximately three years, covering seven European …
A new report from Standard & Poor’s Ratings Services – “Non-Life Insurance Industry Risk Analysis: Denmark {Kingdom of}” – concludes that economic and industry risk are moderately low in the Danish non-life insurance market. “Sustained earnings growth and improved capitalization …
As part of a scheduled meeting with investors and analysts the U.K. ‘s Royal & Sun Alliance Insurance Group plc has issued a bulletin detailing how it plans to “drive profitable performance” and how it plans to achieve its new …
Denmark’s Eksport Kredit Fonden (EKF) and Bermuda-based Sovereign Risk Insurance Ltd. have completed a political risk insurance contract supporting DKK100 million ($17.1 million) of exports to Ukraine. “The transaction involves export of equipment for processing edible fats and oil to …
Aon Risk Services International has opened a new office in Reykjavik, Iceland, which will be its new coordination point for global retail business in the country. Aon said it will “focus on large companies in a number of sectors such …
Global broker Willis Group Holdings has been named the “2006 European Commercial Broker of the Year” for the second consecutive year. The award was presented as part of the annual European Risk Management Awards conducted by StrategicRISK. It’s determined by …
