The busiest of years for Airmic chair

The busiest of years for Airmic chair

The busiest of years for Airmic chair

As the outgoing chair of airmic, Clive Clarke has had a somewhat busy year as the risk landscape changed apace. The UK voted to leave the EU only two weeks after he took the seat at Airmic, and just months later Donald Trump was elected US President. Geopolitical risks have also included terrorist attacks on several European cities, including London…

HDI Global opens Bern office

HDI Global opens Bern office

HDI Global opens Bern office

HDI Global has opened a third branch office in Switzerland. The industrial insurance company said its new Bern office is part of plans for international growth targeting key business regions. Hans Mazenauer, manager of HDI Global SE’s Swiss branch office, said: “Bern is Federal City and also the centre of one of Switzerland’s most important economic regions. In future, this…

Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Common law liabilities for pollution in the UK

Anyone familiar with environmental liability will understand how heavily laden the subject is with regulation. Amid the excitement of the UK’s Environmental Protection Act and EU Environmental Liability Directive, it is too easy to neglect the study of a landowner’s duties at common law. Such duties may arise in negligence, for breach of statutory duty, in nuisance or under the…

Wallin identifies protectionism as biggest risk for reinsurance sector

Wallin identifies protectionism as biggest risk for reinsurance sector

Wallin identifies protectionism as biggest risk for reinsurance sector

Ulrich Wallin, CEO of Hannover Re, the world’s third largest reinsurance group, believes the rise of protectionism and pressure on cross-border trade are the biggest threats currently facing the international insurance and reinsurance industry. Hannover Re recently published a healthy set of annual numbers, with net profits up on the back of an impressive combined ratio of 93.7%. But the…

Liability cat models could reduce exclusions

Liability cat models could reduce exclusions

Liability cat models could reduce exclusions

The development of forward-looking liability models should result in broader cover with fewer exclusions, according to cat modelling firm Praedicat. Robert Reville, CEO of Praedicat, said disruptive technology is emerging with increasing frequency. Innovative new products, materials or medicine come with inherent risk, and the full consequences of that innovation are not always known during a product’s life cycle, he…

Terror and cyber attacks boost demand for crisis cover

Terror and cyber attacks boost demand for crisis cover

Terror and cyber attacks boost demand for crisis cover

Insurance buyers are increasingly turning to crisis management solutions from insurers as they seek to manage fast-evolving security and cyber threats, according to Arthur J Gallagher (AJG). The past two years have seen a number of attacks in Europe and elsewhere in which terrorists used vehicles, knives, guns and explosives, often acting as lone wolves or in marauding attacks, to…

Atradius unveils online credit management portal

Atradius unveils online credit management portal

Atradius unveils online credit management portal

Trade Credit insurer Atradius has launched Atradius Atrium, its new credit management portal. The Oracle-based portal is being introduced between 19 June and 15 July in Atradius’s markets around the world. Atrium is primarily used to apply for cover and file claims, the services most frequently used by customers. Atradius customers can search for and view information about buyers’ creditworthiness,…

South American political and economic risk assessment from Atradius

South American political and economic risk assessment from Atradius

South American political and economic risk assessment from Atradius

The economic environment in Brazil will remain challenging while in Chile, the business environment remains one of the best in the region and the government continues to stimulate foreign investment, according to trade credit insurer Atradius. In a new insight report for businesses looking to trade in South America, Atradius analyses the political and economic risks within the major South…

Generali opens German desk for mid-sized corporates

Generali opens German desk for mid-sized corporates

Generali opens German desk for mid-sized corporates

Generali Global Corporate & Commercial’s (GC&C) German operation has opened a German desk to specifically address the insurance risk needs of mid-sized companies. Opened in March last year, GC&C Germany said it wants to offer mid-sized companies the same opportunities to access insurance solutions as large international corporations. Hans-Peter Klebe, head of GC&C Germany, said: “In addition to international insurance…

Global reinsurance rates still falling says S&P

Global reinsurance rates still falling says S&P

Global reinsurance rates still falling says S&P

The global reinsurance market is continuing to see price falls, according to S&P Global Ratings. The ratings agency said it generally believes that the continuing pricing decline in the global reinsurance market can be attributed to a continuation of trends it has observed in many renewal periods so far, namely an abundance of reinsurance capacity and many years of modest…

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