European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

Business resilience to risk and disruption is highest in Switzerland, followed by Luxembourg and Sweden, finds a global index of 130 countries and jurisdictions published by FM Global. However, European countries have deteriorated when it comes to cyber resilience. Myanmar, Nigeria and Madagascar were the bottom three ranked countries in the overall index. Based on 12 measures of resilience across…

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more relevant to customers, be easier for brokers to use and help deliver planned growth in the large global corporate primary market. The Paris-based group said that in line with its current strategic ‘Vision in Action’ plan, it is “enhancing the…

Global rates rise for second quarter but European market remains soft

Global rates rise for second quarter but European market remains soft

Global rates rise for second quarter but European market remains soft

Global commercial insurance rates have risen for the second consecutive quarter, up 0.9% on average, driven by increases in property business and finpro lines, according to Marsh. However, overall pricing continues to fall in continental Europe, even though the rate of decline slowed again, the broker’s global insurance market index shows. The rise in global commercial insurance pricing was driven by…

GDPR fines insurable in just two European countries: Aon report

GDPR fines insurable in just two European countries: Aon report

GDPR fines insurable in just two European countries: Aon report

Fines under the EU’s General Data Protection Regulation (GDPR) will only be insurable in two European countries, according to analysis by Aon and law firm DLA Piper. In 20 of the 30 countries analysed, fines – which could be as high as €20m or 4% of a group’s global turnover – will not be insurable. Only companies in Finland and…

Whistleblowing trend drives D&O concerns

Whistleblowing trend drives D&O concerns

Whistleblowing trend drives D&O concerns

With whistleblowing set to increase throughout Europe following plans recently announced by the EC, companies are advised to keep a close eye on proceedings and growing D&O risk. Recent years have seen regulators turn to whistleblowing to unveil corporate misconduct and wrongdoing, and aid investigations and prosecutions. This has seen more and more governments introduce whistleblowing protections – including France,…

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

After a ‘lost decade’, premium growth should return to pre-crisis level, with 6% growth predicted in the next decade, according to Allianz Research. It also revealed that China will take over from the US as the biggest insurance market worldwide. Insurance markets to continue to recover in the future, said Allianz, pointing out that while global premium growth has disappointed…

TMK launches IP product in France, Belgium and Luxembourg

TMK launches IP product in France, Belgium and Luxembourg

TMK launches IP product in France, Belgium and Luxembourg

Tokio Marine Kiln (TMK) has launched a specialist intellectual property (IP) insurance product in France, Belgium and Luxembourg. The company said its IP cover is thought to be the only standalone IP insurance product available to French buyers. TMK said it is expanding into the three new markets because of growing demand for IP cover. The business will be written…

European Risk Frontiers survey already throwing up surprising results

European Risk Frontiers survey already throwing up surprising results

European Risk Frontiers survey already throwing up surprising results

Our annual european risk Frontiers survey of Europe’s leading risk managers, sponsored again by HDI Global, is this year being expanded to include a wider range of risk professionals by adding snap polls at industry events and online Q&As with our readers. This approach has already produced some interesting results that we believe will pose serious questions for the insurance…

Lafarge HR director charged over Syria plant scandal

Lafarge HR director charged over Syria plant scandal

Lafarge HR director charged over Syria plant scandal

The former HR director of French cement and construction firm Lafarge has been charged over the company’s continuing presence in Syria after other international companies left the country during its civil war. According to a report by AFP, Sonia Artinian, Lafarge’s HR director between 2013 and 2016, was charged with endangering the lives of others, but not with the higher…

Liberty appoints AIG’s Deguettes as general manager for France

Liberty appoints AIG’s Deguettes as general manager for France

Liberty appoints AIG’s Deguettes as general manager for France

Liberty Specialty Markets (LSM) has appointed AIG’s Richard Deguettes as general manager for France. Mr Deguettes will join LSM in May from AIG France, where he has worked as deputy director general since 2016. Mr Deguettes will report to Kadidja Sinz, LSM’s head of Europe, and be based in Paris. Ms Sinz said: “LSM is supporting European businesses in their…

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