Grange St. Paul’s Hotel‚ London 2012 Insurance Market Briefing Europe 18 October 2012 Welcome Dr Roger Sellek‚ Chief Executive Officer‚ A.M. Best EMEA & Asia-Pacific 2012 Insurance Market Briefing - Europe 18 October 2012 2 Agenda 08:30 09:00 09:10 09:30 10:15 Registration Welcome EMEA Market Overview Key Note Speaker 10:35 11:20 12:05 12:45 13:00 European Outlook Reinsurance Panel Emerging Markets Open Q&A 2012 Insurance Market Briefing - Europe 18 October 2012
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Restructuring” 54(3) Social and Economic Studies (September 2005) at 50. 2. Anonymous‚ “Eurozone Debt Web: Who Owes What to Whom?” BBC News (18th November 2011) available at http://www.bbc.co.uk/news/business-15748696 3 4. D. Gow and I. Traynor‚ “Eurozone Finance Ministers turn to IMF to help Bailout fund” The Guardian (29th November 2011) available at http://www.guardian.co.uk/business/2011/nov/29/eurozone-finance-ministers-imf-bailout-fund 5 2. IMF‚ “Europe and IMF Agree €110 Billion Financing
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4 – The UK’s standing in the world Key points • By 2030‚ the UK is projected to remain the sixth largest economy in the world (at market exchange rates)‚ falling behind India but moving ahead of France. • On a regional scale‚ we expect the UK to become the second largest EU economy before 2020‚ as it overtakes France‚ and to narrow the gap with Germany by 2030. •Our updated ESCAPE Index for 2013 shows that the UK ranks fifth in the G7 in 2013‚ down from 3rd in 2000 and 2007. This reflects the
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market in respect to currency fluctuations. However some currency fluctuations may have a major impact on sales in the first half of 2012. The Eurozone crisis may result in a reduction in the value of the Euro against the Dollar (and hence the UAE Dirham) which will make luxury hotel accommodation in Dubai relatively more expensive for customers in the Eurozone market. As well as the cost of rooms from The McKenzie Group Hotel‚ customers will also be affected by the relative increase in costs for anything
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Philadelphia‚ Richmond‚ St. Louis and San Francisco – each acts as a central banker for the private banks in their region). Similarly‚ the ECB is headed by an executive board‚ compromised of a President‚ Vice-President‚ and four (4) members nominated by Eurozone countries. There
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Identify and analyze FOUR (4) factors that are causing a slowdown in the economy of China. Eurozone debt crisis is caused by major European countries borrowing and spending more than they could afford‚ as a result other European countries will need to bail them out of the tune of billions of euro to prevent the crisis from worsening or spreading. Eurozone debt crisis has slowed down china’s economy by; as countries in Europe were experiencing economic slowdown due to the crisis‚ so were the
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in power by the addition of policy areas to its remit. In 1986‚ in addition to the accession of Spain and Portugal‚ a flag was adopted. The flag of Europe consists of a circle of 12 golden stars on an azure background. It is often used to indicate Eurozone countries. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Important institutions of the EU include the European Commission‚ the Council of the European Union
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Definition of ’Eurocurrency Market ’ The money market in which Eurocurrency‚ currency held in banks outside of the country where it is legal tender‚ is borrowed and lent by banks in Europe. The Eurocurrency market is utilized by large firms and extremely wealthy individuals who wish to circumvent regulatory requirements‚ tax laws and interest rate caps that are often present in domestic banking‚ particularly in the United States. Read more: http://www.investopedia.com/terms/e/eurocurrencymarket
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Ever since the struggle for colonial dominance‚ the fight between religious beliefs‚ and the First & Second World Wars‚ the Europe that we are now accustomed to today‚ is significantly distinct from the Europe of before. With current living standards going up‚ poverty & unemployment going down‚ Europe has transformed itself into a continent brought about through social and economic integration. This radical change stemmed from the vision of post-World War II Europeans‚ longing for peace in order
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circulation. The value of euro notes in circulation had risen to more than €610 billion‚ equivalent to US$802 billion at the exchange rates at the time. Euro The euro (currency sign: €; banking code: EUR) is the official currency of the European Union’s Eurozone‚ which consists of 13 European states (Austria‚ Belgium‚ Finland‚ France‚ Germany‚ Greece‚ Ireland‚ Italy‚ Luxembourg‚ the Netherlands‚ Portugal‚ Slove- nia‚ and Spain) and will extend to include Cyprus and Malta from 1 January 2008. The euro was
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