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Insurance
The lack of an agreement between the UK government and insurers that would establish a new solution for how flood risk is covered remains a big worry for insurers as thousands of homes could be left uninsured when the existing agreement expires. 10 January 2013
Insurance
Governments must work together to mitigate the increasingly complex array of interconnected risks and challenges facing their economies and populations. 9 January 2013
Insurance
Project Darwin, the Lloyd's project examining the provision of central services to the London insurance market, will be renamed Central Services Refresh and will benefit from the involvement of a number of new partners. 8 January 2013
Alternative Risk Transfer
The recent catastrophe bond issuance by insurer Zurich demonstrated the growing appeal of these vehicles as a risk transfer mechanism for insurers and reinsurers and also to investors increasingly willing to participate in more complex risks. 7 January 2013
News
The marine reinsurance market experienced substantial rate increases at the 2013 1/1 renewals, following a difficult year and several large losses. This is the view of two of the world’s largest reinsurance brokers in January 2013 renewals reports. 4 January 2013
Insurance
The reinsurance industry will cover around half of the costs of all natural catastrophes and man-made disasters globally in 2012, according to a report by Swiss Re. 3 January 2013
Insurance
Willis Energy, in conjunction with a group of marine and energy insurers, has launched a new type of insurance policy designed to help energy companies mitigate the risks they face when decommissioning offshore oil and gas platforms. 2 January 2013
Insurance
Swiss Re’s recent announcement that it will invest $500 million in businesses and assets related to long-term infrastructure deals will likely represent just the start of a growing trend of other insurers and reinsurers doing the same thing, according to the reinsurer. 18 December 2012
Alternative Risk Transfer
Recent longevity swap deals, such as the recent Swiss Re deal with insurer LV=, demonstrate a need for these solutions and reinsurers will be likely to play a growing role in absorbing longevity risk. 17 December 2012
Insurance
A series of new satellites to be launched by the European Space Agency will provide the insurance industry with new and unique data that will be invaluable to insurers underwriting certain types of risks including some energy and marine business. 13 December 2012
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