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Zurich cuts capacity for unprofitable construction risks

Zurich Insurance will pull back from writing select construction property risks, following a portfolio-wide performance review. Robert Kuchinski, the company’s…

US-China trade war and changing world order top business risks in 2019: Control Risks

There will be little time for multinationals to mourn the end of the post-war liberal consensus that brought about globalisation, as the developing US-China trade…

By Ben Norris on December 12, 2018

QBE offloads Indonesia and Philippines operations in cost-cutting drive

Australian insurer QBE is seeking $130m in cost savings in a three-year efficiency programme that will see it sell off its Indonesia, Philippines and Puerto…

By Nicholas Pratt on December 12, 2018

Stable outlook for US commercial lines sector, says Best

The US commercial lines sector is seeing profitability…

By Tony Dowding on December 12, 2018

Maersk offers customers new cargo cover option

Maersk has launched an extended liability product for…

By Sarah Jolly on December 12, 2018

Peak Re launches first Asian reinsurance sidecar

Hong Kong-based reinsurer Peak Re has unveiled what…

By Nicholas Pratt on December 11, 2018

O2 seeks £100m from Ericsson for business interruption: reports

UK mobile operator O2, owned by Spain’s Telefonica,…

By Ben Norris on December 11, 2018

Risk Management

Ebola outbreak poses wider risk

The latest Ebola outbreak in the Democratic Republic…

By Liz Booth on December 11, 2018

Political risks across Africa make doing business across borders harder

Doing business across borders is becoming harder, according…

By Liz Booth on December 11, 2018

Insureds failing to make most of cyber insurance recovery services

Many insurance buyers with cyber policies are failing…

By Ben Norris on December 10, 2018

Insurance

Brit partners with Schillings on kidnap-for-ransom cover

Brit has teamed up with crisis law firm Schillings Critical…

By Sarah Jolly on December 12, 2018

BHSI exits Hong Kong EC terrorism pool

Berkshire Hathaway Specialty Insurance (BHSI) has announced its withdrawal from…

By Nicholas Pratt on December 12, 2018

Liberty Specialty Markets names Bidard head of liability in France

Liberty Specialty Markets (LSM) has appointed Florence Bidard as head…

By Sarah Jolly on December 11, 2018

Cyber

Asia-Pacific holds key to future insurance growth: EY

A willingness to experiment and embrace disruption among Asia-Pacific insurers holds the…

By Nicholas Pratt on December 12, 2018

International Programme News

Broker Ed plans Bermuda hub

Broker Ed, which is in the midst of acquisition by BGC Partners,…

By Sarah Jolly on December 10, 2018

Risk Management Profession

Ferma survey reveals more strategic role for risk managers

Risk managers are taking a much more strategic role, acting as co-pilots…

By Stuart Collins on November 29, 2018

Captives

Expect the unexpected: what will 2019 hold for risk managers with international programmes?

As we look ahead to 2019, Owen Williams, head of the captive…

By Owen Williams, head of the captive centre of excellence at XL Catlin, now part of AXA XL, a division of AXA Group on November 30, 2018

Legal & Regulation

The new European Regulation on drones and its implementation into the Spanish legal system

Unmanned aircraft systems (UAS), or drones, are a growth area within the…

By Enrique Navarro and Carlos Cid, Clyde & Co on December 10, 2018

People Moves

Andrew Draycott named CEO of Ed Broking after BGC deal

Ed Broking has named Andrew Draycott as CEO-designate. The Lloyd’s broker said…

By Sarah Jolly on December 10, 2018

Captives preparing to write more as hard market beckons

The majority of risk managers and captive owners surveyed by…

By Tony Dowding on November 14, 2018

Emerging market risks rise

Recent months have seen increased volatility in emerging markets as…

By Stuart Collins on October 26, 2018

Long-term service-based strategy needed as market offers little respite

Allianz Global Corporate & Specialty (AGCS), the commercial and corporate…

By Adrian Ladbury on October 15, 2018

Big change underway at HDI as new specialty carrier takes shape and property book tackled

The planned arrival of a leading new global specialty insurer…

By Adrian Ladbury on October 8, 2018

Tiered approach to African insurance regulation may be the way forward

Acknowledging the differing standards and capacity of insurance companies across…

By Liz Booth on October 31, 2018

Is risk management growing up across Africa?

Independent financial services journalist Katya Stead says, ‘I have been…

By Katya Stead on October 31, 2018

Survival of the fittest

The chances of a business surviving long into the future…

By David Kaye on October 31, 2018

Emerging market risks rise

Recent months have seen increased volatility in emerging markets as…

By Stuart Collins on October 26, 2018

India considers 100% FDI in insurance brokers

The Indian Government is reportedly considering removing a cap on…

By Nicholas Pratt on October 3, 2018

Global insurance M&A activity grew in first half of 2018 – Clyde & Co

Merger and acquisition (M&A) activity in the global insurance industry…

By Tony Dowding on August 15, 2018

Non-life premiums slow in 2017, but growth still driven by emerging markets

Global non-life premium growth has slowed, with an increase of…

By Tony Dowding on July 6, 2018

Claims Insights – from data to information to action

Data is widely available and easy to access. However, gaining…

By By Roger Zopfiand and Björn Hartong, Zurich Insurance on November 19, 2018

Captives preparing to write more as hard market beckons

The majority of risk managers and captive owners surveyed by…

By Tony Dowding on November 14, 2018

A sea change: how technology is revolutionising risk management in the marine cargo industry

When goods are being transported, by land, sea or air,…

By Madeleine Griffiths, UK and Ireland cargo underwriter at XL Catlin, now part of AXA XL, a division of AXA on November 6, 2018

US tax reform

There has been much talk about the impact of recent…

By Dr Felix Kühlmann, COO North America commercial insurance, Zurich North America on October 30, 2018