Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson has named Neil Irwin as its new leader for the central and eastern Europe, Middle East and Africa region (CEEMEA). Mr Irwin will be based in Dubai, and also take on the role of head of corporate risk and broking for the CEEMEA region. Adam Garrard, head of international at Willis Towers Watson, said: “This is an…

Willis Towers Watson appoints Mapfre Re’s facultative reinsurance execs to lead new German hub

Willis Towers Watson appoints Mapfre Re’s facultative reinsurance execs to lead new German hub

Willis Towers Watson appoints Mapfre Re’s facultative reinsurance execs to lead new German hub

Willis Towers Watson has launched a new facultative reinsurance hub for corporate clients in Germany, Austria and Switzerland (DACH). The hub, based in Munich, will be headed up by Gerhard Hurek and Zeljko Panić as executive director, both former Mapfre Re employees. Willis Towers Watson said the hub expands its services in western Europe, adding that “it is a key…

Country and sector risk reducing in Europe: Coface

Country and sector risk reducing in Europe: Coface

Country and sector risk reducing in Europe: Coface

Political and other risks are reducing in several European countries, Coface said in its worldwide country and sector risk analysis of the past quarter. Coface said the European region, particularly its emerging countries, is benefiting from a recovery in the global economy that has led to upgrades for the risk ratings of several countries including Hungary, Finland, Cyprus and Belarus.…

Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk has risen in 20 of the 28 European Union member states over the last year with the bloc recording the highest rise of any region in the world, according to new research from Verisk Maplecroft. Verisk Maplecroft’s second annual Modern Slavery Index (MSI) suggests that European business must do more to tackle modern slavery and pay closer…

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Global business leaders have named economic risks – specifically unemployment in first place, followed by fiscal crises – as the top threats facing their organisation for the next ten years, according to a new survey by the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks…

CEE region set for return to growth in 2017: Coface

CEE region set for return to growth in 2017: Coface

CEE region set for return to growth in 2017: Coface

The automotive industry has overtaken oil and gas as the largest sector in central and eastern Europe (CEE) for the first time, according to international trade credit insurer Coface on launching its survey of the top 500 companies in the region. Profits generated by CEE’s leading 500 companies fell 3.1% to €26.3bn last year, while turnover at €580bn dipped 0.6%,…

Insolvencies fall again in CEE region

Insolvencies fall again in CEE region

Insolvencies fall again in CEE region

Companies operating in central and eastern Europe (CEE), or trading with companies in the region, will welcome news that fewer insolvencies were reported in 2016, down 6% last year following a strong 14% reduction in 2015, according to new figures from Coface. However, Coface said there were wide variations across the 14 countries within the region. Eight countries reported decreases…

The customer is king

The customer is king

The customer is king

The decision by Allianz Global Corporate & Specialty (AGCS) to focus board member Andreas Berger on its core German and central and eastern European (CEE) markets, as well as its Mediterranean and African regions, should be good news for risk managers in the German-speaking corporate risk and insurance market. Andreas Berger’s renewed focus on Germany and CEE markets, along with…

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali’s net profit increased by 3.7% in the first six months of this year to €1.2bn, with operating income up 4.1% to €2.6bn. Property and casualty (P&C) results were decent with premiums up 1.5% to €11.3bn, operating results up 0.7% to €1.1bn and the combined ratio a very respectable 92.9%. Generali said its increased operating results came despite the low…

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in 2016, down from 4.2% in 2015 but more than the ten-year average growth rate of 2.0%, according to Swiss Re. The reinsurer’s latest sigma report, World insurance in 2016: the China growth engine steams ahead, reveals that premium growth in…

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