Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk rises in EU

Modern slavery risk has risen in 20 of the 28 European Union member states over the last year with the bloc recording the highest rise of any region in the world, according to new research from Verisk Maplecroft. Verisk Maplecroft’s second annual Modern Slavery Index (MSI) suggests that European business must do more to tackle modern slavery and pay closer…

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Global business leaders have named economic risks – specifically unemployment in first place, followed by fiscal crises – as the top threats facing their organisation for the next ten years, according to a new survey by the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks…

Generali sells Dutch business to ASR Nederland

Generali sells Dutch business to ASR Nederland

Generali sells Dutch business to ASR Nederland

Generali has sold its Dutch insurance business to ASR Nederland for €143m. Generali’s disposal of its Dutch operation, Generali Nederland, follows other recent exits from non-core markets. The insurers said the sale is in line with its strategy to increase operational efficiency. Last year, Generali Nederland added about €9m to the parent group’s operating result. Frédéric de Courtois, group CEO…

Losses from last August’s Italian earthquake rise to €108m: PERILS

Losses from last August’s Italian earthquake rise to €108m: PERILS

Losses from last August’s Italian earthquake rise to €108m: PERILS

Property insurance loss estimates from last August’s earthquake in central Italy have risen to €108m, according to PERILS. The Zurich-based catastrophe data company said the estimate replaces its last figure of €66m, published in November last year. On publishing its final loss report, PERILS said economic loss from the quake is estimated by the Italian Civil Protection Agency at €7.1bn.…

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali posts positive first-half numbers

Generali’s net profit increased by 3.7% in the first six months of this year to €1.2bn, with operating income up 4.1% to €2.6bn. Property and casualty (P&C) results were decent with premiums up 1.5% to €11.3bn, operating results up 0.7% to €1.1bn and the combined ratio a very respectable 92.9%. Generali said its increased operating results came despite the low…

Berkshire Hathaway Specialty Insurance builds momentum in UK and southern Europe

Berkshire Hathaway Specialty Insurance builds momentum in UK and southern Europe

Berkshire Hathaway Specialty Insurance builds momentum in UK and southern Europe

Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Warren Buffet’s group, is starting to pick up the pace in western and southern Europe after what seemed like a relatively slow start. Mr Buffet announced the group’s big step into the commercial insurance market back in 2013 when Peter Eastwood, and a group of former colleagues from AIG, joined to…

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.…

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