HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

Germany-based international industrial insurance group HDI Global plans to offer its cyber insurance solutions for corporate and mid-market customers in 14 countries by the end of this year, after successfully launching into the German-speaking markets in 2013. Last year, the group launched its cyber activities in France, the Netherlands, Belgium, Australia and the UK. Most recently it pushed into Japan…

Berkshire Hathaway Specialty launches casualty coverages in UK and southern Europe

Berkshire Hathaway Specialty launches casualty coverages in UK and southern Europe

Berkshire Hathaway Specialty launches casualty coverages in UK and southern Europe

Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and southern Europe, and employer’s liability insurance in the UK and Ireland. BHSI added that, along with local casualty coverage in the UK and southern Europe, it will provide multinational programmes and underwrite certain targeted trades via coverholders. BHSI has appointed Martin Leeks as…

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…

Generali in for the long run

Generali in for the long run

Generali in for the long run

The international corporate insurance market is becoming increasingly difficult as carriers struggle to balance stubbornly competitive underwriting conditions and low investment returns. There are few signs of this changing, so the recent process of consolidation should continue. This will leave risk managers with a smaller number of carriers willing and able to lead their primary programmes and deliver service on…

‘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…

AXA opens seismic risk research office in Italy

AXA opens seismic risk research office in Italy

AXA opens seismic risk research office in Italy

AXA Corporate Solutions’ risk management unit, AXA Matrix Risk Consultants, has opened a new natural catastrophe research and development office in Italy. The Center of Excellence for Seismic and Tsunami Risks will be based at the Federico II University in Naples. AXA Matrix Risk Consultants said the unit will develop new products for risk assessment and mitigation of natural disasters…

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty Insurance Company (BHSI) has established a new office in London to serve brokers and customers in the UK and southern European countries, including Ireland, Spain, France and Italy. Richard Nathan has been named head of property lines; Patrick Brown as head of executive & professional liability; and Andrew Walker as head of claims. Richard Nathan was most…

Insurers count weather losses for ‘active’ January

Insurers count weather losses for ‘active’ January

Insurers count weather losses for ‘active’ January

Winter storms in both Europe and the US made January 2017 one of the most active for global natural catastrophes in recent years, according to data from Aon Benfield’s Impact Forecasting unit, on releasing its Global Catastrophe Recap report. In Europe, high winds, snow and flooding brought by Windstorm Egon in mid-January caused an estimated insured loss of more than…

Coface upbeat despite political uncertainties weighing on trade

Coface upbeat despite political uncertainties weighing on trade

Coface upbeat despite political uncertainties weighing on trade

The rise of populism in Europe, uncertainties around Brexit and US President Donald Trump’s protectionist policies are some of the main threats to the global economy in 2017, according to credit insurer Coface. However, the firm predicts improved global growth in 2017 and, for the first time since mid-2015, has awarded more country risk upgrades than downgrades. In a global…

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