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Marsh figures show jump in W&I claims across EMEA

Marsh figures show jump in W&I claims across EMEA

Marsh reports that warranty and indemnity (W&I) claim notifications are up 293% across Europe, the Middle East and Africa (EMEA)…

Garrard replaces Jones as Willis corporate risk and broking head

Garrard replaces Jones as Willis corporate risk and broking head

Willis Towers Watson (WTW) has appointed Adam Garrard as its new corporate risk and broking leader, after Todd Jones left the role this week to…

By Ben Norris on August 16, 2019

First-half insured cat losses low at $19bn: Swiss Re

First-half insured cat losses low at $19bn: Swiss Re

Swiss Re has placed insured catastrophe losses at $19bn in the first half of this year, confirming numbers well below the long-term average and down…

By Ben Norris on August 15, 2019

Awareness and demand for compliance driving captive growth in Labuan

Awareness and demand for compliance driving captive growth in Labuan

Growing awareness of the benefits of captives among…

By Adrian Ladbury, London on August 15, 2019

QBE sees profits rise as rates increase by 4.7%

QBE sees profits rise as rates increase by 4.7%

QBE reported cash profit after tax up 35%…

By Ben Norris on August 15, 2019

McGill & Partners agrees deal to buy specialty renewal rights from Marsh

McGill & Partners agrees deal to buy specialty renewal rights from Marsh

Recently launched specialty risk broker McGill & Partners…

By Ben Norris on August 15, 2019

Swiss Re opens office in Ivory Coast

Swiss Re opens office in Ivory Coast

Reinsurer Swiss Re is to open an office…

By Liz Booth on August 14, 2019

Risk Management

Africa-US trade set for boost

Africa-US trade set for boost

The timing is right for business between the…

By David Kaye on August 14, 2019

Premier League injuries and costs reach record levels

Premier League injuries and costs reach record levels

There were a record number of English Premier…

By Ben Norris on August 14, 2019

Growing Brexit liability risk as validity of insurance questioned: Mactavish

Growing Brexit liability risk as validity of insurance questioned: Mactavish

Mactavish said companies, including directors and officers, face…

By Ben Norris on August 12, 2019

Patrick Peters to head Sedgwick business development for Africa

Patrick Peters to head Sedgwick business development for Africa

Sedgwick, a provider of technology-enabled risk, benefits and integrated business…

By Liz Booth on August 15, 2019

CIMA insurers pledge to reduce insolvency risks

CIMA insurers pledge to reduce insolvency risks

Insurers across the 14 countries of the CIMA (Francophone Africa)…

By David Kaye on August 15, 2019

Nigerian Stock Exchange lifts suspension from Universal

Nigerian Stock Exchange lifts suspension from Universal

The Nigerian Stock Exchange has lifted its suspension on Universal…

By Prince Cookey on August 14, 2019

Lloyd’s and Parima attract 50 risk managers to Philippines event

Lloyd’s and Parima attract 50 risk managers to Philippines event

More than 50 risk managers from across Asia attended the latest Lloyd’s-Parima…

By Adrian Ladbury on August 16, 2019

International Programme News

IAG reports 6% rate increase in Australia and confirms potential Indian sale

IAG reports 6% rate increase in Australia and confirms potential Indian sale

Insurance Australia Group (IAG) has reported a significantly improved net profit after…

By Adrian Ladbury on August 13, 2019

Risk Management Profession

Parima teams up with MAXIS GBN in Beijing for focus on employee benefits

Parima teams up with MAXIS GBN in Beijing for focus on employee benefits

The Pan-Asia Risk & Insurance Management Association (Parima) is this week supporting…

By Chris Morrish on August 7, 2019

Capturing the abstract: How captives can be used to manage intangible risks

Capturing the abstract: How captives can be used to manage intangible risks

The most valuable assets a company owns often are no longer physical.…

By Marine Charbonnier, global programmes and captives regional director Europe at AXA XL on August 5, 2019

Legal & Regulation

Nigeria’s insurance commissioner steps down

Nigeria’s insurance commissioner steps down

Alhaji Mohammed Kari has retired as commissioner of insurance in Nigeria, after…

By Liz Booth on August 6, 2019

Sanlam names new CEO for emerging market business

Sanlam names new CEO for emerging market business

Sanlam has announced that the group’s financial director, Heinie Werth, has taken…

By Liz Booth on August 14, 2019

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

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance industry mergers and acquisitions (M&A) have increased by…

By Tony Dowding on August 2, 2019

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh revealed during its second-quarter results call that average global…

By Ben Norris on July 31, 2019

Risk managers fear loss of innovation in hard market as CBI cover recedes

Risk managers fear loss of innovation in hard market as CBI cover recedes

Risk managers fear that the hardening insurance market will impact…

By Liz Booth on July 16, 2019

Ogden rate change to -0.25% a ‘disappointment’ for insurers and buyers

Ogden rate change to -0.25% a ‘disappointment’ for insurers and buyers

Insurers have warned that change of the UK’s personal injury…

By Sarah Jolly on July 15, 2019

Understanding information is the first step in African insurers’ survival

Understanding information is the first step in African insurers’ survival

Data could hold the key to the way in which…

By Liz Booth on June 27, 2019

Growing African insurance markets remains a challenge

Growing African insurance markets remains a challenge

One of the perennial questions for African insurers is how…

By Liz Booth on June 19, 2019

Mozambique cyclones hit hard

Mozambique cyclones hit hard

Few countries in Africa have encountered and withstood such difficult…

By Liz Booth on June 12, 2019

Kenya’s general insurance uptake drags on rising fraud, poor selling

Kenya’s general insurance uptake drags on rising fraud, poor selling

Patrick Alushula takes a look at the state of Kenya’s…

By Patrick Alushula on June 11, 2019

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance industry mergers and acquisitions (M&A) have increased by…

By Tony Dowding on August 2, 2019

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh revealed during its second-quarter results call that average global…

By Ben Norris on July 31, 2019

Global premiums top $5trn, led by China and emerging Asia, says Swiss Re

Global premiums top $5trn, led by China and emerging Asia, says Swiss Re

Solid growth in the global non-life insurance sector – particularly…

By Tony Dowding on July 5, 2019

Hard lessons from Australia’s financial services scandal and liability crisis

Hard lessons from Australia’s financial services scandal and liability crisis

Widespread misconduct in the financial services market has dominated the…

By Stuart Collins on June 13, 2019

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance industry mergers and acquisitions (M&A) have increased by…

By Tony Dowding on August 2, 2019

Rated US captives build on strengths, says AM Best

Rated US captives build on strengths, says AM Best

US captive insurance companies rated by AM Best continued their…

By Tony Dowding on July 31, 2019

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh index records biggest quarterly insurance price rise of 6% in Q2

Marsh revealed during its second-quarter results call that average global…

By Ben Norris on July 31, 2019

Risk managers fear loss of innovation in hard market as CBI cover recedes

Risk managers fear loss of innovation in hard market as CBI cover recedes

Risk managers fear that the hardening insurance market will impact…

By Liz Booth on July 16, 2019