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AGCS posts €284m 2019 loss after €591m Q4 reserve addition

AGCS posts €284m 2019 loss after €591m Q4 reserve addition

Allianz Global Corporate & Specialty (AGCS) posted a loss of €284m in 2019 and a combined ratio of 112.3%, as…

Only three global airports pass cybersecurity tests

Only three global airports pass cybersecurity tests

All but three of the world’s 100 largest airports pose serious cyber risks, according to a new report from AI firm ImmuniWeb that criticises poor…

By Sarah Jolly on February 21, 2020  

Swiss Re to stop underwriting carbon-intensive oil and gas firms

Swiss Re to stop underwriting carbon-intensive oil and gas firms

Swiss Re will stop (re)insuring the world’s most carbon-intensive oil and gas companies, extending its stance on coal underwriting that has been adopted by many…

By Sarah Jolly on February 21, 2020  

Willis Towers Watson reviews Miller stake in possible sale

Willis Towers Watson reviews Miller stake in possible sale

Willis Towers Watson (WTW) is mooting a sale…

By Ben Norris on February 21, 2020  

P&I clubs pushing up prices

P&I clubs pushing up prices

Shipowners could be facing higher rates for their…

By Garry BOOTH on February 20, 2020  

AXA XL replaces CEO and takes action as 2019 results fall below expectations

AXA XL replaces CEO and takes action as 2019 results fall below expectations

AXA XL says its new CEO, accelerating price…

By Ben Norris on February 20, 2020  

Coronavirus impacts top brands’ sales and supply chains

Coronavirus impacts top brands’ sales and supply chains

Major global corporates are starting to feel the…

By Sarah Jolly on February 20, 2020  

Risk Management

AIR’s coronavirus case ranges far exceed official stats

AIR’s coronavirus case ranges far exceed official stats

AIR models suggest there are likely to be…

By Ben Norris on February 19, 2020  

Lloyd’s eyes captive platform idea

Lloyd’s eyes captive platform idea

Lloyd’s has confirmed that it is looking into…

By Garry BOOTH on February 19, 2020  

Coronavirus could wipe out European growth in Q1 2020: S&P

Coronavirus could wipe out European growth in Q1 2020: S&P

Growth across the eurozone and the UK is…

By Sarah Jolly on February 19, 2020  

Insurance

BPL records surge in demand for credit and political risk cover within Europe

BPL records surge in demand for credit and political risk cover within Europe

Demand for credit and political risk insurance (CPRI) has rocketed…

By Sarah Jolly on February 19, 2020  

Germany will account for around half of €1.1bn to €1.9bn Ciara/Sabine loss

Germany will account for around half of €1.1bn to €1.9bn Ciara/Sabine loss

Insured losses from Europe’s Storm Ciara/Sabine are estimated to total…

By Sarah Jolly on February 19, 2020  

Japan’s PPP drive could be worth $1bn in premiums

Japan’s PPP drive could be worth $1bn in premiums

Global insurers could benefit from a surge in demand for…

By Garry BOOTH on February 19, 2020  

Cyber

Market hardening intensifies across Europe and all global regions, finds Marsh

Market hardening intensifies across Europe and all global regions, finds Marsh

The commercial insurance market hardening accelerated across all regions in the final…

By Ben Norris on February 11, 2020  

International Programme News

BHSI names new Germany hire

BHSI names new Germany hire

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its European team, with the…

By Garry BOOTH on February 18, 2020  

Risk Management Profession

Coronavirus provides ‘critical test’ of southeast Asia’s ability to reduce dependency on China

Coronavirus provides ‘critical test’ of southeast Asia’s ability to reduce dependency on China

The coronavirus outbreak provides a critical test of the southeast Asia region’s…

By Adrian Ladbury on February 11, 2020  


Captives

Cayman to be added to EU tax haven blacklist

Cayman to be added to EU tax haven blacklist

The Cayman Islands is to be added to the EU list of…

By Tony Dowding on February 14, 2020  

Legal & Regulation

Back to the future

Back to the future

The thriving European mutual insurance sector accounts for about half of Europe’s…

By Adrian Ladbury on February 18, 2020  

People Moves

Inga Beale joins Crawford as independent director

Inga Beale joins Crawford as independent director

Former Lloyd’s CEO Dame Inga Beale has been elected as an independent…

By Ben Norris on February 18, 2020  


Editor's Picks

  • Commercial Risk Europe
  • Commercial Risk Africa
  • Commercial Risk Asia
  • International Programme News
The risk manager’s role in saving the planet

The risk manager’s role in saving the planet

The average European risk manager may be excused for thinking…

By Adrian Ladbury on February 18, 2020  

Risk managers rising to the challenge of employee benefits

Risk managers rising to the challenge of employee benefits

Employee benefits have become an increasingly hot topic for corporate…

By Adrian Ladbury on February 18, 2020  

French firms face dwindling supply chain insurance options as problems with NDBI spread to CBI

French firms face dwindling supply chain insurance options as problems with NDBI spread to CBI

Transferring supply chain risks has become a much harder task…

By Rodrigo Amaral on February 18, 2020  

Civil unrest, conflict and trade wars to drive political risk in the 2020s

Civil unrest, conflict and trade wars to drive political risk in the 2020s

Corporates are being warned to expect an increase in conflicts,…

By Stuart Collins on February 17, 2020  

Geopolitical fog complicates response as environmental risks dominate WEF survey

Geopolitical fog complicates response as environmental risks dominate WEF survey

Economic confrontations and political polarisation are the most likely risks…

By Ben Norris on January 15, 2020  

Beware ransomware: the threat continues

Beware ransomware: the threat continues

Risk managers should not relax their guard against ransomware attacks,…

By David Kaye on November 28, 2019  

Do you know how to identify a phishing email?

Do you know how to identify a phishing email?

Phishing is the fraudulent attempt to obtain sensitive information such…

By David Kaye on November 28, 2019  

Is it conflict of interest or relationships?

Is it conflict of interest or relationships?

Conflict of interest has been topical in recent history, with…

By Liz Booth on November 28, 2019  

Risk managers rising to the challenge of employee benefits

Risk managers rising to the challenge of employee benefits

Employee benefits have become an increasingly hot topic for corporate…

By Adrian Ladbury on February 18, 2020  

Civil unrest, conflict and trade wars to drive political risk in the 2020s

Civil unrest, conflict and trade wars to drive political risk in the 2020s

Corporates are being warned to expect an increase in conflicts,…

By Stuart Collins on February 17, 2020  

Market hardening intensifies across Europe and all global regions, finds Marsh

Market hardening intensifies across Europe and all global regions, finds Marsh

The commercial insurance market hardening accelerated across all regions in…

By Ben Norris on February 11, 2020  

Latin American and Asian insurance markets to see double-digit growth, reveals Mapfre research

Latin American and Asian insurance markets to see double-digit growth, reveals Mapfre research

The emerging insurance markets of Latin America and Asia will…

By Tony Dowding on February 7, 2020  

Cayman to be added to EU tax haven blacklist

Cayman to be added to EU tax haven blacklist

The Cayman Islands is to be added to the EU…

By Tony Dowding on February 14, 2020  

Making claims globally consistent and locally responsive

Making claims globally consistent and locally responsive

The promise to pay claims is what risk managers are…

By Massimiliano Malinverno, head of global programmes – claims at AXA XL on February 14, 2020  

Market hardening intensifies across Europe and all global regions, finds Marsh

Market hardening intensifies across Europe and all global regions, finds Marsh

The commercial insurance market hardening accelerated across all regions in…

By Ben Norris on February 11, 2020  

French government plans to make France a more attractive jurisdiction for captives

French government plans to make France a more attractive jurisdiction for captives

The French government plans to make the country a more…

By Rodrigo Amaral on February 10, 2020  

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