All Editorial articles – Page 56
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Features
Hunting the gorilla
There’s a new big game in town. Directors of companies caught up in the credit crunch are squarely in the sights of the big game hunters – legal claimants. Gavin Coull and Michael Wharfe guide us through the D&O jungle.
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Industry Matters
One less job for the police
As regulators consider how to make financial markets more resilient in future, David Page calls for more proactive, less punitive supervision.
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GR Focus
Wake up to Run-Off
Financial turmoil, catastrophe losses, and legislative change could herald the start of a time of increased activity for run-off specialists, write David Banks and David Sandham.
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Milli Re rating cut
Standard and Poor’s cites quality of investments for reduction in Turkish national scale rating
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AnalysisSalary bonuses down
Risk professionals do well in downturn, says survey. A top UK CRO can take home £850,000.
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Thunderstorms hit south-eastern Queensland
Worst thunderstorms to strike Brisbane in 25 years bring heavy rain and flash flooding
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Insurers ‘must refocus on data and relationships’
JLT spokesman says changes must be made to help the industry cope with economic turmoil
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SCOR income falls 6.7% in 2008
However, results from the first nine months show liquidity increasing to EUR3.2bn
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New Castle Re ratings unchanged by investor concerns
However, AM Best ‘will watch closely’ after reinsurance affiliate is placed into run off
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New reinsurer formed after GMAC Re buyout
Maiden Re created following Maiden Holdings purchase of GMAC reinsurance arm
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Trust Re outlook changed to positive
Bahrain-based company demonstrated improved ERM, says Standard and Poor’s
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Arig reports $10.8m net loss
Bahrain-based reinsurer suffered as a result of investment losses
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Insurers ‘offer lower risk than banks’
Moody’s snapshot survey discloses investors’ perceptions of (re)insurance
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EU Commission ‘unconvinced’ on block exemptions
Spokeswoman says insurers have ‘failed to make a case’ for continued competition waivers beyond 2010
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Munich Re creates board position for life re
Joachim Wenning appointed to the role. Move reflects increased focus on life reinsurance.
