Catastrophe modelling firm AIR Worldwide had recently announced its latest release of next-generation software - Touchstone - that will include the ability to account for both catastrophe and non-catastrophe risk in a single platform, to provide companies with a more comprehensive view of their risk.
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ING Insurance has announced its plans to rebrand in the future as 'NN', a new identity that balances the heritage and Dutch roots with the requirements of an international and future-proof brand, it said in a recent statement.
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Shipowners are likely to be facing premium increases for the coming 2014 renewal, said both Tysers and Aon Risk Solutions in their respective annual reports on P&I Clubs released last month.
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BrokersLink, one of the world's largest independent insurance broker networks, will change its constitution from a not-for-profit association to a for-profit global broking company to accelerate growth and invest in enhanced multi-national client support capabilities.
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One of the most pressing problems for the bulk shipping industry is the safe carriage of nickel ore, said American Club. The increasing demand for this commodity is fuelled by China's thirst for nickel ore as it is the principal alloy component for stainless steel.
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For majority of the world's largest European insurers, the maturity of their local insurance markets and instability within the Eurozone is resulting in stagnant development.
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