Political change in US and Europe has ‘blindsided’ risk managers: survey

Political change in US and Europe has ‘blindsided’ risk managers: survey

Political change in US and Europe has ‘blindsided’ risk managers: survey

Unexpected political movements in Europe and the US during 2017 have “blindsided” global companies, with nine out of ten executives reporting an increase in geopolitical risks in the past five years, according to a survey from Willis Towers Watson and Oxford Analytica. The survey found that unpredictable political change in the US and Europe has rocked the business world and…

XL Catlin Iberia expands into political risk

XL Catlin Iberia expands into political risk

XL Catlin Iberia expands into political risk

XL Catlin’s Iberia operation will begin underwriting political risk insurance after appointing Santiago Herrero as head of political risk, credit and bond for the region. Mr Herrero will be based in Madrid and will report to Dan Riordan, XL Catlin’s global head of political risk. José Ramón Morales, XL Catlin’s country manager for Iberia, said: “Emerging economies are going through…

Liberty Specialty Markets unveils new appointments

Liberty Specialty Markets unveils new appointments

Liberty Specialty Markets unveils new appointments

Liberty Specialty Markets (LSM) has announced four key promotions, including a new president of its reinsurance operations. Phil Hobbs has been appointed deputy managing director and Dieter Winkel named president of Liberty Mutual Reinsurance. Chris Short has been appointed chief actuary and Peter Smith will become executive underwriting officer. Matthew Moore, LSM’s president and managing director, said the appointments are…

Zurich North America CEO Foley to retire

Zurich North America CEO Foley to retire

Zurich North America CEO Foley to retire

Mike Foley, CEO of Zurich North America, is to retire after ten years in the post. Zurich Insurance Group said Mr Foley will be replaced by Kathleen Savio, who is currently president of the firm’s North American alternative markets unit, at the beginning of next year. Mr Foley joined Zurich in 2006 as chief operating officer for North America. He…

The case for covering D&O in a global programme

The case for covering D&O in a global programme

The case for covering D&O in a global programme

For many Spanish companies, expanding into new markets outside Spain has proved to be a productive path to profitable growth. When Spain’s and much of the world’s economy took a nosedive in 2008, Spanish companies started to expand into other markets to compensate for the challenges in their home country. And international expansion was not limited to just a handful…

Hiscox appoints former director of GCHQ as cyber adviser

Hiscox appoints former director of GCHQ as cyber adviser

Hiscox appoints former director of GCHQ as cyber adviser

Hiscox has appointed Robert Hannigan, the former director of UK intelligence and security agency GCHQ, as special adviser on cybersecurity. Hiscox UK & Ireland said Mr Hannigan will work with its cyber specialists to develop cyber products and educate staff and clients about managing cyber risks. Mr Hannigan will also advise on how emerging threats and criminal techniques could impact…

Ransomware attacks impact corporate earnings

Ransomware attacks impact corporate earnings

Ransomware attacks impact corporate earnings

The financial cost and extent of business interruption caused by recent ransomware attacks has been laid bare over the past month as several corporates have reported “material” losses. The WannaCry and NotPetya ransomware attacks affected organisations around the world in May and June of this year, with the latter appearing more disruptive for business. NotPetya caused significant disruption for service…

Allianz Multinational to bring together international insurance solutions

Allianz Multinational to bring together international insurance solutions

Allianz Multinational to bring together international insurance solutions

Allianz is bringing together its international insurance solutions from the property and casualty insurance sectors across the group, under the name Allianz Multinational. It said companies operating on a cross-border basis, regardless of size, can now access international insurance products tailored to their unique market and risk profiles through a central source. Allianz Multinational originated from a joint Allianz SE…

RSA France recruits managing director from Axa Corporate Solutions UK

RSA France recruits managing director from Axa Corporate Solutions UK

RSA France recruits managing director from Axa Corporate Solutions UK

RSA France has appointed Gaëlle Tortuyaux as managing director and she will join the company in October 2017. She was previously chief executive officer of Axa Corporate Solutions UK and of the Axa CS global executive. She will lead a 100-strong team that provides tailored, risk managed solutions for large and multinational business domiciled in France. She will report to…

EC proposes financial supervisory reforms giving stronger role for EIOPA

EC proposes financial supervisory reforms giving stronger role for EIOPA

EC proposes financial supervisory reforms giving stronger role for EIOPA

The European Commission (EC) has proposed reforms to pave the way for further financial integration, which will improve the mandates, governance and funding of the European Supervisory Authorities (ESAs), including the European Insurance and Occupational Pensions Authority (EIOPA). The EC said the ESAs “are pivotal in ensuring that financial markets across the EU are well regulated, strong and stable”, adding:…

1 2 3 418