risk managers News

Malta, Slovenia Risk Management Associations Join FERMA

The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). Their adhesion brings to a total of 19 the number of countries whose risk …

FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions

The Federation of European Risk Management Associations (FERMA) has issued a response concerning the revised European Insurance Mediation Directive (IMD), which states that it “should incorporate binding standards of transparency for brokers in their relationship with insurance buyers no matter …

Risk Managers Like, Don’t Like, Obama Budget Reinsurance Proposals

Risk managers have found things to like, and not like, in President Barack Obama’s budget proposal for the 2012 fiscal year. The Risk and Insurance Management Society (RIMS) expressed its continued opposition to a proposal in Obama’s blueprint that caps …

Think Soft Market Is Over? Think Again

Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile. According to the RIMS Benchmark Survey, directors and officers liability (D&O) was the only …