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August 2010
Globalisation has opened up a dazzling amount of opportunity for the business world. But it has also produced an unprecedented level of risk for the insurance industry to deal with.
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Climate change could increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, according to a new study released by the Caribbean Catastrophe Risk Insurance Facility
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Even when he is on vacation, Reactions’ contributing editor Garry Booth cannot help but think about the implications for the insurance industry.
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July 2010
Lord Peter Levene, chairman of Lloyd’s of London, has warned against protectionist measures being used to slow the pace of globalisation as a result of the financial crisis.
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Lloyd’s remains the “go to” market for unusual, hard to place risks. Lloyd’s is famous for insuring the unusual all over the world. But these headline-grabbing policies mask the real value of the market – its ability to insure difficult or emerging risks.