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H1 £20bn insured disaster losses almost half the ten-year average, finds Swiss Re

H1 £20bn insured disaster losses almost half the ten-year average, finds Swiss Re

First-half nat cat and man-made disaster losses of $20bn were well down on the $35bn ten-year average, according to preliminary…

Microsoft Corp’s captive insurer settles with Washington state insurance department

Microsoft Corp’s captive insurer settles with Washington state insurance department

Microsoft Corp’s captive insurer has agreed to pay $876,820 to the Washington state insurance department to cover unpaid premium taxes and associated interest and penalties.…

By Tony Dowding on August 17, 2018

Cayman signs memorandum of understanding with NAIC

Cayman signs memorandum of understanding with NAIC

The Cayman Islands Monetary Authority (CIMA) has signed a memorandum of understanding with the US National Association of Insurance Commissioners (NAIC). CIMA said the memorandum…

By Tony Dowding on August 17, 2018

Rated captive segment continues to outperform commercial sector – AM Best

Rated captive segment continues to outperform commercial sector – AM Best

The rated captive segment remains exceptionally strong and…

By Tony Dowding on August 16, 2018

NotPetya did not trigger cyber war exclusions, concludes Marsh

NotPetya did not trigger cyber war exclusions, concludes Marsh

The NotPetya cyberattack did not meet criteria for…

By Ben Norris on August 16, 2018

Alternative capital continues to surge and set to cover wider range of risks

Alternative capital continues to surge and set to cover wider range of risks

Aon Benfield numbers show that 2018’s second-quarter catastrophe…

By Ben Norris on August 16, 2018

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

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

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

By Tony Dowding on August 15, 2018

Risk Management

July drought in Europe to cost at least €3.5bn, Aon

July drought in Europe to cost at least €3.5bn, Aon

Drought and wildfires across Europe last month are…

By Ben Norris on August 14, 2018

Arms trade thriving in Horn of Africa, increasing risks in the region

Arms trade thriving in Horn of Africa, increasing risks in the region

Reputational risks for businesses and for foreign investors…

By Liz Booth on August 13, 2018

Marsh names new international and UK client advisory leaders

Marsh names new international and UK client advisory leaders

Marsh has appointed Giampaolo Scarso to the newly…

By Ben Norris on August 13, 2018

The benefits of international programme training

The benefits of international programme training

For insurance products and classes of business, there is no…

By Bonnie Jones and Jonathan Newbery, Zurich Insurance on August 17, 2018

Allianz appoints two junior underwriters in South Africa

Allianz appoints two junior underwriters in South Africa

Allianz Global Corporate Specialty (AGCS) Africa has appointed Boitumelo Moate and Nomsa…

By David Kaye on August 16, 2018

EIOPA publishes discussion paper on national insurance guarantee schemes

EIOPA publishes discussion paper on national insurance guarantee schemes

The European Insurance and Occupational Pensions Authority (EIOPA) has published…

By Tony Dowding on August 15, 2018

Demand for cyber cover static and limits bought falling in the US, say brokers

Demand for cyber cover static and limits bought falling in the US, say brokers

The US-based Council of Insurance Agents & Brokers (CIAB) has released its…

By Adrian Ladbury on August 9, 2018

International Programme News

AIR Worldwide updates its US wildfire model

AIR Worldwide updates its US wildfire model

An updated wildfire model for the US has been released by catastrophe…

By Tony Dowding on August 15, 2018

Risk Management Profession

South African risk managers facing death threats for doing their jobs

South African risk managers facing death threats for doing their jobs

South African risk managers working in the public sector have reported receiving…

By Liz Booth on July 31, 2018

Growing medical costs driving captive involvement in benefit risks, says Marsh

Growing medical costs driving captive involvement in benefit risks, says Marsh

The number of Marsh-managed captives insuring multinational pools for benefit risks has…

By Tony Dowding on July 26, 2018

Legal & Regulation

Glyphosate: Science on trial

Glyphosate: Science on trial

The world's most popular weed killer, Glyphosate, is being placed under the…

By David Wynn, Clyde & Co LLP on August 13, 2018

Liberty plans to double general liability business in Benelux and Nordics

Liberty plans to double general liability business in Benelux and Nordics

Liberty Specialty Markets (LSM) has announced plans to double the volume of…

By Ben Norris on August 14, 2018

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

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

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

Brexit solutions may not deliver contract continuity as London market lobbies hard for official response

Brexit solutions may not deliver contract continuity as London market lobbies hard for official response

Ensuring insureds have contract continuity in the increasingly likely scenario…

By Ben Norris on July 26, 2018

IUA report highlights need for cyber business-interruption risk assessment

IUA report highlights need for cyber business-interruption risk assessment

Companies must fully explore the possible ways in which cyber…

By Tony Dowding on July 26, 2018

Ex-Lloyd’s chair Nelson warns UK services being ‘sacrificed on altar of Brexit’ and calls for second referendum

Ex-Lloyd’s chair Nelson warns UK services being ‘sacrificed on altar of Brexit’ and calls for second referendum

Former Lloyd’s chair John Nelson said the UK services sector,…

By Ben Norris on July 25, 2018

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

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

Risk management should be values-based and add strategic value

Risk management should be values-based and add strategic value

Liz Booth speaks to Marsh Africa’s Christelle Marais about tough…

By Liz Booth on July 3, 2018

Private and government sectors must work together to improve Nigerian infrastructure

Private and government sectors must work together to improve Nigerian infrastructure

Private business in Nigeria will always struggle unless some major…

By Prince Cookey on July 3, 2018

Risk managers and insurers at loggerheads on price rises

Risk managers and insurers at loggerheads on price rises

Risk managers have been criticising insurers for withdrawing available cover,…

By Liz Booth on July 3, 2018

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

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

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

Captives increasingly writing cyber liability, employee benefits and terrorism, says Marsh Report

Captives increasingly writing cyber liability, employee benefits and terrorism, says Marsh Report

Captive insurance vehicles are rapidly growing in popularity as risk…

By Tony Dowding on May 25, 2018

Parima adds new board members

Parima adds new board members

The Pan-Asia Risk and Insurance Management Association (Parima) has added…

By Nicholas Pratt on March 27, 2018

The benefits of international programme training

The benefits of international programme training

For insurance products and classes of business, there is no…

By Bonnie Jones and Jonathan Newbery, Zurich Insurance on August 17, 2018

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

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

Brexit solutions may not deliver contract continuity as London market lobbies hard for official response

Brexit solutions may not deliver contract continuity as London market lobbies hard for official response

Ensuring insureds have contract continuity in the increasingly likely scenario…

By Ben Norris on July 26, 2018

IUA report highlights need for cyber business-interruption risk assessment

IUA report highlights need for cyber business-interruption risk assessment

Companies must fully explore the possible ways in which cyber…

By Tony Dowding on July 26, 2018