Motor vehicle recalls set for record year in Europe

Motor vehicle recalls set for record year in Europe

Motor vehicle recalls set for record year in Europe

Motor vehicle recalls in Europe increased by 11% in the third quarter of this year to 114, according to RAPEX figures, making it the second highest period in RAPEX history. Some 59% of the recalls were for passenger vehicles, the numbers highlighted in Stericycle Expert Solutions’ European Recall and Notification Index show. Motor recalls in the third quarter take the…

Moody’s forecasts rate increases in Dutch P&C market

Moody’s forecasts rate increases in Dutch P&C market

Moody’s forecasts rate increases in Dutch P&C market

The Dutch P&C insurance sector has been assigned a stable outlook by Moody’s, with rate increases expected to boost underwriting performance after weather-related losses in 2016. “The P&C sector should improve its underwriting performance in 2017 as a result of an increase in prices of between 5% and 10%,” said Giovanni Meloni, an analyst at Moody’s. The Dutch insurance market…

Aon shrugs off sharp drop in profits with new acquisitions

Aon shrugs off sharp drop in profits with new acquisitions

Aon shrugs off sharp drop in profits with new acquisitions

Aon has completed its €295m acquisition of leading independent Netherlands broker Unirobe Meeùs Group (UMG) and announced an agreement to acquire UK broker Henderson Insurance Broking Group for an undisclosed sum, days after announcing third-quarter results that showed a sharp drop in profits driven by restructuring costs. The acquisitions of UMG and Henderson are part of Aon’s ongoing effort to…

Belrim punches above its weight

Belrim punches above its weight

Belrim punches above its weight

When Sabine Desantoine took over as president of Belrim in the summer, she knew the Belgium risk management association was already in good shape. That said, Ms Desantoine has plans to ensure Belrim continues to meet the growing needs of risk and insurance manager members, as they face a range of domestic and international challenges. Ms Desantoine, who is also…

Latest risk managers sit Ferma’s rimap exam

Latest risk managers sit Ferma’s rimap exam

Latest risk managers sit Ferma’s rimap exam

Ferma held its latest rimap exams during the opening day of its forum yesterday, as it forges ahead with the scheme that has seen 32 risk managers certified to date. The exams, held in Monte Carlo yesterday, build on those previously run in Denmark and Italy. These online exams, which must be supervised by a Ferma-accredited authority, follow the launch…

European Risk Frontiers Belgium

European Risk Frontiers Belgium

European Risk Frontiers Belgium

Nicholas Pratt spoke to Belgian risk experts about some of the leading issues affecting the risk and insurance management profession, as part of our European Risk Frontiers survey sponsored by HDI Global and the Worldwide Broker Network. The big risks When asked to identify the top three risks dominating their agenda during 2017, Belgian risk managers gave a diverse set…

The BELRIM prize

The BELRIM prize

The BELRIM prize

Belgian risk management association Belrim has moved to address any potential skills shortage in its profession through a competition that invites students to submit the best risk management-themed paper. CRE spoke to Belrim president Sabine Desantoine about the value of the annual Belrim prize and the merits of this year’s winning submission. We also caught up with the winning student,…

Time will tell on cyber

Time will tell on cyber

Time will tell on cyber

ADD is the Belgian representative of European Risk Frontiers sponsor Worldwide Broker Network (WBN). Commercial Risk Europe editor Adrian Ladbury asked Door Cooreman, account manager – cyber specialist and Paul Caekebeke, product manager – cyber specialist at ADD for their perspective on cyber risk. Q: Who do you feel should be responsible for cyber risk within an organisation? A: Each…

Cyber: Risk prevention and management are key

Cyber: Risk prevention and management are key

Cyber: Risk prevention and management are key

For the Belgian leg of this year’s European Risk Frontiers survey, Adrian Ladbury asked sponsor HDI Global’s Belgian cyber and casualty experts – Frank Linguelet, director casualty; Michel Verlinden, underwriter casualty; and Françoise Nyssens, underwriter casualty – for their views on the fast-evolving cyber risk and insurance arena. Q: Who should be responsible for cyber risk within a corporation? How…

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains the leading global financial centre according to the latest Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute. The GFCI rates 92 financial centres and found that London and New York remain in first and second places. According to Z/Yen, despite the ongoing Brexit negotiations, London only fell two points, the smallest…

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