Full steam ahead for Italy’s rimap certification initiative as Anra steps up

Full steam ahead for Italy’s rimap certification initiative as Anra steps up

Full steam ahead for Italy’s rimap certification initiative as Anra steps up

The Italian risk management community has embraced Ferma’s rimap risk management certification programme with open arms, and some 90 individuals have already passed Anra’s ALP (Anra Learning Path) diploma that offers simultaneous accreditation to rimap. Alessandro De Felice, president of Italian risk management association Anra and chief risk officer of global cables company Prysmian, told Commercial Risk Europe this week…

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Global non-life premium growth driven by China and emerging markets in 2016

Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in 2016, down from 4.2% in 2015 but more than the ten-year average growth rate of 2.0%, according to Swiss Re. The reinsurer’s latest sigma report, World insurance in 2016: the China growth engine steams ahead, reveals that premium growth in…

Insurance lawyers form global network

Insurance lawyers form global network

Insurance lawyers form global network

Seven law firms across four continents have launched a network to focus on insurance law. The founders of Global Insurance Law Connect said the network will provide clients with access to global legal expertise on the ground. Global Insurance Law Connect was founded by four companies – Italy’s Batini Traverso Grasso & Associati, BLM in the UK, Byrd & Associates…

Juventus stadium to be rebranded as ‘Allianz Stadium’

Juventus stadium to be rebranded as ‘Allianz Stadium’

Juventus stadium to be rebranded as ‘Allianz Stadium’

Juventus’s football stadium is to be rebranded as ‘Allianz Stadium’ from 1 July 2017 to 30 June 2023, spanning six soccer seasons. Allianz Italy has signed an agreement with Juventus Football Club and Lagardère Sports Group, which currently holds the naming rights for the Turin stadium, to rebrand the venue. The stadium was inaugurated by Juventus Football Club in 2011.…

Loss estimate for storm Zeus rises to €269m

Loss estimate for storm Zeus rises to €269m

Loss estimate for storm Zeus rises to €269m

PERILS AG has increased its insured loss estimate for damage to property from cyclone Zeus, which affected parts of France in March, to €269m from an initial €192m. The Zurich-based company, which maintains a database of natural catastrophes, said it will issue a third update on insured losses from Zeus in September 2017, which will also provide a breakdown of…

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…

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