Monthly Archives: March 2011

IFRIMA calls for reconsideration of Brazilian reinsurance market modifications

1) The new reinsurance beginning in Brazil
2) A partial return to the past without Parliament’s approval
Call to reconsider the resolutions Continue reading

FERMA calls for withdrawal of new Brazilian reinsurance regulations

The Federation of European Risk Management Associations (FERMA) has called on the Brazilian government to withdraw two new reinsurance regulations due to enter into force on 31 March 2011 because they threaten to reduce the capacity for coverage of large commercial risks and increase the cost of insurance. Continue reading

FERMA confirms need to include large risks within the scope of the revised Insurance Mediation Directive

The revised European Insurance Mediation Directive (IMD) should incorporate binding standards of transparency for brokers in their relationship with insurance buyers no matter what size the risks. This is the response of the Federation of European Risk Management Associations (FERMA) to the consultation on the revision of the IMD launched by the Internal Market and Services
Directorate General of the European Commission. FERMA’s 19 member associations represent over 4 000 corporate buyers of commercial insurance in 17 European countries. Continue reading