Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Macron stymies anti-EU movement but global geopolitical risk remains uncertain: Verisk Maplecroft

Despite the recent election of a new moderate French president tempering the anti-EU movement, today’s global geopolitical picture remains unstable with the buck stopping largely at the door of the White House, according to Verisk Maplecroft. In its latest Geopolitical Risk Outlook, Verisk Maplecroft said the election of Emmanuel Macron as French president has steadied the recent political shocks for…

Generali appoints new country manager for France

Generali appoints new country manager for France

Generali appoints new country manager for France

Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général of Generali France, with effect from 1 June 2017. He will also join the group management committee of Assicurazioni Generali. The current président directeur général of Generali France, Eric Lombard, will continue to assist the group CEO on strategic and institutional affairs and will maintain the…

Kroll appoints managing director

Kroll appoints managing director

Kroll appoints managing director

Risk solutions firm Kroll has appointed Louis-David Magnien as managing director, based in Paris. Mr Magnien, previously CEO and founder of hedge fund Silvaris Capital Management, will work with Kroll’s clients in France, Switzerland, Liechtenstein, Belgium, Luxembourg and the Netherlands. During his career, Mr Magnien has held positions at Credit Suisse, UBS, Merrill Lynch and Société Générale. Bechir Mana, Kroll’s…

European political risk subsides as populism hits a ceiling

European political risk subsides as populism hits a ceiling

European political risk subsides as populism hits a ceiling

The defeat of populist parties in recent French and Dutch elections has gone some way to alleviating concerns for the political stability of the EU. But companies in the region will continue to face heightened political risk, according to political risk consultants. Emmanuel Macron’s success in the first round of the French elections, just weeks after Europhile liberal candidate Mark…

Storm Zeus estimated €192m insured loss

Storm Zeus estimated €192m insured loss

Storm Zeus estimated €192m insured loss

Insured property losses from storm Zeus, which affected parts of France last month, are estimated at €192m, according to Zurich-based nat cat data provider Perils. Storm Zeus caused high winds in northern France before moving through the centre and southern parts of the country, as well as northern Italy, on 6-7 March. Perils, which normally only reports natural catastrophe losses…

Liberty Specialty appoints European head of financial risks

Liberty Specialty appoints European head of financial risks

Liberty Specialty appoints European head of financial risks

Liberty Specialty Markets has appointed Alexandra Paton as head of continental Europe for global financial risks (GFR). Ms Paton most recently founded managing general agent Equinox Global, after working for AIG and Atradius. She takes over her new role from Alex Engell, who now works for Liberty’s GFR operation in the US. Ms Paton will be based in both Paris,…

Insured global disaster losses rise 42% in 2016

Insured global disaster losses rise 42% in 2016

Insured global disaster losses rise 42% in 2016

Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma report. Although in line with the ten-year average, the bill was the highest annual total since 2012, driven largely by natural catastrophe losses from earthquakes, storms, floods and wildfires. Total economic losses from natural catastrophes and man-made events in 2016…

Stable German reinsurance buying trends underpinned by natural catastrophe exposures

Stable German reinsurance buying trends underpinned by natural catastrophe exposures

Stable German reinsurance buying trends underpinned by natural catastrophe exposures

Germany’s largest cedants are buying more reinsurance, partly to cover their exposures to natural catastrophes, but continue to maintain high retention ratios, according to AM Best. According to the last full-year data available, Germany’s 20 largest cedants collectively posted a 13.1% increase in non-life reinsurance ceded while at the same time gross premiums written rose by 6.7%. As a result,…

‘Balanced Book’ strategy pays dividends for HDI Global in soft market

‘Balanced Book’ strategy pays dividends for HDI Global in soft market

‘Balanced Book’ strategy pays dividends for HDI Global in soft market

HDI Global SE, the industrial insurance arm of German group Talanx, has reported a significant improvement in underwriting results, combined ratio and profits for 2016 despite continued soft markets and the low interest rate environment. The insurer has also promised to continue its push into international markets this year. Deputy chairman of the board of management at Talanx and CEO…

Eurozone stability dips in 2016

Eurozone stability dips in 2016

Eurozone stability dips in 2016

Eurozone countries have reported the first dip in economic stability for three years, according to a set of 20 indicators measured by Allianz for its Euro Monitor report. The overall rating of eurozone countries, measured on a scale of one to ten, fell slightly from 6.7 points to 6.5 points in 2016. Allianz said that although the stability score is…

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