Cyber, economic transformation and credit top agenda in Switzerland

Cyber, economic transformation and credit top agenda in Switzerland

Cyber, economic transformation and credit top agenda in Switzerland

During a roundtable for this year’s European Risk Frontiers survey, Sabrina Hartusch, risk manager for international lingerie firm Triumph and current president of Swiss risk management association Sirm, named cyber as the first of the big three risks currently facing business. But cyber is not the only big risk front of mind for Swiss corporate executives and risk managers. Global…

Time management and knowledge key to success for risk managers

Time management and knowledge key to success for risk managers

Time management and knowledge key to success for risk managers

The rapid pace of the modern economy means that risk managers need to be knowledgeable, flexible and agile to stay ahead of the game. Risk managers can no longer sit at their desks and rely on tried and tested systems and processes to help their organisations cope with whatever the market throws at them. Tight cost control is critical in…

Longer-term agreements way ahead for Swiss risk managers

Longer-term agreements way ahead for Swiss risk managers

Longer-term agreements way ahead for Swiss risk managers

Swiss risk managers agree with their colleagues across Europe that long-term agreements are the way ahead for their insurance programmes but, not surprisingly, encounter resistance from their insurers. “The longest that we have managed is two years. This year we got property damage and business interruption for one more year and tried for longer. All the insurers say that they…

Cyber risk demands enterprise-wide approach

Cyber risk demands enterprise-wide approach

Cyber risk demands enterprise-wide approach

The Swiss risk managers who joined this year’s European Risk Frontiers survey discussion agree with most of their European peers that cyber risk cannot be neatly packaged into an insurance product and forgotten about. The risk is so fundamental and enterprise-wide that it has to be identified, measured and managed before insurance is even considered. Stefan Haemmerli, risk manager for…

Let market forces do their job on cyber: HDI Global

Let market forces do their job on cyber: HDI Global

Let market forces do their job on cyber: HDI Global

Stephan Roth, head of financial lines at European Risk Frontiers survey sponsor HDI Global in Switzerland,  admits that the cyber insurance market is not perfect and  needs to evolve further. But he said that government intervention is not needed. Cyber risk is still too often jealously guarded by the IT department when it clearly demands an enterprise-wide approach and the…

Cyber: Clearly a board level topic

Cyber: Clearly a board level topic

Cyber: Clearly a board level topic

VZ Insurance Services is the Swiss member of the Worldwide Broker Network (WBN), sponsor of this year’s European Risk Frontiers survey. We spoke to Oliver Hedinger, the firm’s managing director, and Marco Meili, senior expert cyber and special lines, for their views on the fast-evolving cyber risk landscape and insurance market. CRE: Who do you feel should be responsible for…

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains the leading global financial centre according to the latest Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute. The GFCI rates 92 financial centres and found that London and New York remain in first and second places. According to Z/Yen, despite the ongoing Brexit negotiations, London only fell two points, the smallest…

XL Catlin appoints new casualty underwriting manager for Switzerland

XL Catlin appoints new casualty underwriting manager for Switzerland

XL Catlin appoints new casualty underwriting manager for Switzerland

XL Catlin has appointed Roman Mösli as casualty underwriting manager for Switzerland. Mr Mösli was previously casualty underwriting manager for Austria and central and eastern Europe for XL Catlin‘s insurance operation in Vienna. Mr Mösli will be based in Zurich, reporting to Mukadder Erdönmez, head of international casualty for continental Europe, Latin America, Middle East and Africa. Mr Mösli replaces…

Swiss Re’s Alison Martin to take over as Zurich CRO from Cecilia Reyes

Swiss Re’s Alison Martin to take over as Zurich CRO from Cecilia Reyes

Swiss Re’s Alison Martin to take over as Zurich CRO from Cecilia Reyes

Zurich group’s chief risk officer Cecilia Reyes will leave the insurer and be replaced by Alison Martin. Ms Reyes will depart in the first quarter of 2018. Ms Martin will join Zurich from Swiss Re at the beginning of next month as group chief risk officer-designate and work closely with Ms Reyes. This will help her to settle in before…

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