Zurich names Hayley Robinson as group CUO

Zurich names Hayley Robinson as group CUO

Zurich names Hayley Robinson as group CUO

Zurich Insurance has promoted Hayley Robinson to group chief underwriting officer. Ms Robinson, who will be based in Zurich, takes up the role from her current position as chief underwriting officer in the UK. She takes over from Sierra Signorelli, who was appointed CEO for commercial insurance in March to replace James Shea. Ms Robinson will take up her new role…

European countries carry higher earthquake risk in FM Global’s updated map

European countries carry higher earthquake risk in FM Global’s updated map

European countries carry higher earthquake risk in FM Global’s updated map

Several European countries now carry a higher risk of earthquake, according to the latest interactive global threat map from commercial property insurer FM Global. The Netherlands, France, Switzerland, Italy and Israel are considered to be higher-risk earthquake zones and will see more ground movement, the map shows. It feeds soil effects and building structure data into the model to identify…

Swiss Re Corporate Solutions swings to profit as turnaround gathers pace

Swiss Re Corporate Solutions swings to profit as turnaround gathers pace

Swiss Re Corporate Solutions swings to profit as turnaround gathers pace

Swiss Re Corporate Solutions swung to a $96m net profit in the first quarter, from a loss of $166m in the prior-year period, and saw its combined ratio fall to 96% from 120.6% as fortunes continued to improve. Swiss Re said the numbers reflect a “continuation of the successful turnaround achieved in 2020 and the diminishing impact of Covid-19-related losses”.…

Ferma asks insurance industry to join forces with buyers on finding pandemic solutions

Ferma asks insurance industry to join forces with buyers on finding pandemic solutions

Ferma asks insurance industry to join forces with buyers on finding pandemic solutions

Ferma has called on the insurance industry to work with risk managers to drive a pan-European risk transfer solution for pandemic and wider non-damage business interruption (NDBI) risk, amid concerns that momentum has slowed and insurers aren’t taking the lead. Speakers at a recent OECD event, including Ferma’s president Dirk Wegener, fear that moves towards government-backed public-private-partnerships (PPPs) to tackle…

Time to step up and be counted argues Swiss broker Kessler

Time to step up and be counted argues Swiss broker Kessler

Time to step up and be counted argues Swiss broker Kessler

The insurance industry has something of a daunting feel right now. The days of the prolonged soft market, extensive capacity and amenable terms and conditions almost seem a distant memory. Premiums have been rising as insurers go to great lengths to keep their exposure under control in a changing risk landscape, notes leading Swiss broker Kessler in its recently published…

Global economy to shrink 18% by 2050 if no action on climate change, says Swiss Re

Global economy to shrink 18% by 2050 if no action on climate change, says Swiss Re

Global economy to shrink 18% by 2050 if no action on climate change, says Swiss Re

The world’s economy risks losing 18% of GDP during the next 30 years if there is no action on climate change, according to new research from Swiss Re Institute. In a stress-test analysis of 48 countries, Swiss Re found climate change will hit the global economy under all scenarios. Even meeting Paris Agreement targets of keeping temperature rises below 2°C…

Howden names Aon’s Felix Jenny as CEO of new Swiss office

Howden names Aon’s Felix Jenny as CEO of new Swiss office

Howden names Aon’s Felix Jenny as CEO of new Swiss office

Howden has launched a new retail operation in Switzerland to serve the local market and multinational clients. The insurance broker has appointed Aon’s Felix Jenny as CEO of the new office. He has been head of risk solutions at Aon Switzerland since 2013. Howden said the Swiss unit will form an important part of its European business, delivering local market…

Swiss Re ‘regrets’ government’s decision to drop pandemic insurance scheme

Swiss Re ‘regrets’ government’s decision to drop pandemic insurance scheme

Swiss Re ‘regrets’ government’s decision to drop pandemic insurance scheme

Switzerland has dropped plans to develop a public-private pandemic insurance scheme. Swiss Re’s CEO Christian Mumenthaler said his company “very much regrets” the decision not to pursue the proposal after it worked with the Swiss Insurance Association and government to develop possible solutions. These were based on private insurers assuming a portion of claims and a state-backed reinsurance arrangement. Speaking…

Ermotti succeeds Kielholz as Swiss Re chair

Ermotti succeeds Kielholz as Swiss Re chair

Ermotti succeeds Kielholz as Swiss Re chair

Sergio Ermotti has been elected chairman of Swiss Re, succeeding Walter Kielholz who has held the role for 12 years and is due to retire. Mr Kielholz has been appointed honorary chairman to reflect his services to the company that he first joined in 1989. All proposed board members were re-elected at the group’s AGM. Shareholders also approved an ordinary…

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies are set to jump 26% globally this year with several European countries likely to be worst hit as the fallout from Covid-19 finally impacts bankruptcies, according to Atradius. This would follow a 14% fall in insolvencies last year when governments introduced fiscal measures and bankruptcies regime changes to protect businesses from failure, said the trade credit insurer. Atradius added…

1 2 3 19