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Ransomware attacks ‘skyrocket’ in 2019 as large firms targeted, warns Beazley

Ransomware attacks “skyrocketed” by 105% in the first quarter of 2019, according to notifications collated by insurer Beazley’s Breach Response…

More insurers named in British Steel’s dispute over £30m claim as insolvency hits

More insurers named in British Steel’s dispute over £30m claim as insolvency hits

Aviva, RSA, AXA XL and AIG have been named as additional insurers, along with Zurich Insurance and Liberty, in dispute with British Steel over a…

By Ben Norris on May 23, 2019

Dutch risk managers warn colleagues to prepare for sustained hard market

Dutch risk managers warn colleagues to prepare for sustained hard market

Leading Dutch risk managers have warned fellow risk and insurance managers across Europe that, in their view, the commercial market is definitely hardening and is…

By Adrian Ladbury on May 23, 2019

Solvency II review is opportunity to improve design and calibration, says Insurance Europe

Solvency II review is opportunity to improve design and calibration, says Insurance Europe

The first major review of Solvency II is…

By Tony Dowding on May 24, 2019

Atradius report highlights South American trading risks

Atradius report highlights South American trading risks

Chile is the lowest-risk country in South America…

By Tony Dowding on May 23, 2019

Airmic gives cautious welcome to Lloyd’s’ future strategy

Airmic gives cautious welcome to Lloyd’s’ future strategy

UK risk and insurance managers’ association Airmic has…

By Stuart Collins on May 23, 2019

Europe dominates FM Global’s resilience risk index

Europe dominates FM Global’s resilience risk index

European countries dominate FM Global’s 2019 Resilience Index,…

By Sarah Jolly on May 22, 2019

Risk Management

Ethiopia gets boost for renewable funding

Ethiopia gets boost for renewable funding

The African Development Bank (AfDB) is to put…

By David Kaye on May 23, 2019

Asia-Pac captive domiciles to see growth, says Best

Asia-Pac captive domiciles to see growth, says Best

Captive domiciles in Asia-Pacific are set to benefit…

By Tony Dowding on May 21, 2019

Mental health support services letting down employees, suggests survey

Mental health support services letting down employees, suggests survey

Almost all UK professionals (98%) link mental health…

By Sarah Jolly on May 20, 2019

Ebenezer Onyeagwu to head Zenith

Ebenezer Onyeagwu to head Zenith

Nigeria’s multinational financial service provider Zenith Bank, which includes Zenith…

By Liz Booth on May 23, 2019

British Steel in dispute with insurers over £30m claim

British Steel in dispute with insurers over £30m claim

British Steel is in dispute with Zurich Insurance and other…

By Ben Norris on May 22, 2019

Korean premiums fell in 2018, but 3% growth in non-life business

Korean premiums fell in 2018, but 3% growth in non-life business

The Korean insurance market saw premium income fall by 0.3%…

By Tony Dowding on May 22, 2019

BIBA defends London and UK cyber market but plans SME guide

BIBA defends London and UK cyber market but plans SME guide

The British Insurance Brokers’ Association (BIBA) has defended the London and UK…

By Ben Norris on May 17, 2019

International Programme News

AGCS expands environmental response support

AGCS expands environmental response support

Allianz Global Specialty Services (AGCS) has expanded its environmental impairment liability cover…

By Sarah Jolly on May 22, 2019

Risk Management Profession

RIMS on the march as ISO-backed CRMP certification drives global expansion

RIMS on the march as ISO-backed CRMP certification drives global expansion

The US-based international risk management association RIMS is continuing its international expansion drive on…

By Adrian Ladbury on May 3, 2019

Study reveals South Carolina captive industry’s $56.8m annual economic impact

Study reveals South Carolina captive industry’s $56.8m annual economic impact

A study has revealed that the South Carolina captive insurance industry has…

By Tony Dowding on May 15, 2019

Legal & Regulation

MGM Resorts insurers liable for $751m of potential $800m Las Vegas shooting settlement

MGM Resorts insurers liable for $751m of potential $800m Las Vegas shooting settlement

Casino owner MGM Resorts International said its insurers would cover the majority…

By Sarah Jolly on May 21, 2019

Liberty Specialty Markets appoints head of trade credit multi-buyer

Liberty Specialty Markets appoints head of trade credit multi-buyer

Paul Kunzer has been appointed as head of trade credit multi-buyer and…

By Tony Dowding on May 22, 2019

Commercial Risk Europe
Commercial Risk Africa
Commercial Risk Asia
International Programme News

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Amanda Blanc was recently appointed CEO for Europe, Middle East…

By Adrian Ladbury on May 13, 2019

Airmic to consult on growing broker conflicts of interest in hard market

Airmic to consult on growing broker conflicts of interest in hard market

Airmic has told CRE that it will continue to consult…

By Ben Norris on May 9, 2019

Rising to the global challenge

Rising to the global challenge

Zurich is one of the world’s leading providers of international…

By Adrian Ladbury on May 8, 2019

Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

A serious academic study on the negative impact of inconsistent…

By Adrian Ladbury on May 3, 2019

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Amanda Blanc was recently appointed CEO for Europe, Middle East…

By Adrian Ladbury on May 13, 2019

Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

A serious academic study on the negative impact of inconsistent…

By Adrian Ladbury on May 3, 2019

Risk of resource nationalism rises significantly in 30 countries, finds Verisk Maplecroft index

Risk of resource nationalism rises significantly in 30 countries, finds Verisk Maplecroft index

Investors face “significantly” higher risk of resource nationalism in 30…

By Ben Norris on March 21, 2019

Africa offers largest potential for growth

Africa offers largest potential for growth

Munich Re remains confident that Africa has the largest potential…

By Liz Booth on March 20, 2019

Asia-Pac captive domiciles to see growth, says Best

Asia-Pac captive domiciles to see growth, says Best

Captive domiciles in Asia-Pacific are set to benefit from growth…

By Tony Dowding on May 21, 2019

Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

A serious academic study on the negative impact of inconsistent…

By Adrian Ladbury on May 3, 2019

Risk of resource nationalism rises significantly in 30 countries, finds Verisk Maplecroft index

Risk of resource nationalism rises significantly in 30 countries, finds Verisk Maplecroft index

Investors face “significantly” higher risk of resource nationalism in 30…

By Ben Norris on March 21, 2019

Insurance rates rise in all regions for first time since 2012: Marsh

Insurance rates rise in all regions for first time since 2012: Marsh

Global average commercial insurance prices rose by 2% in Q4…

By Ben Norris on February 26, 2019

Asia-Pac captive domiciles to see growth, says Best

Asia-Pac captive domiciles to see growth, says Best

Captive domiciles in Asia-Pacific are set to benefit from growth…

By Tony Dowding on May 21, 2019

Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

A serious academic study on the negative impact of inconsistent…

By Adrian Ladbury on May 3, 2019

Captives looking to expand coverage into new areas, finds RIMS/Marsh survey

Captives looking to expand coverage into new areas, finds RIMS/Marsh survey

More than half of captive owners plan to expand their…

By Tony Dowding on May 1, 2019

Tackling supply chain risks by leveraging AI and risk engineering expertise and tools

Tackling supply chain risks by leveraging AI and risk engineering expertise and tools

Supply chains have become much more complex and this not…

By Jean-Pierre Krause, global head risk engineering, commercial insurance, Zurich Insurance Company, and Heiko Schwarz, founder and managing director, riskmethods on April 26, 2019