-
Africa
Shell settles Nigerian spill case after six-year battle
The inability of international companies to dodge environmental and social responsibilities as they seek to tap opportunities in emerging markets was seemingly underlined this week as oil giant Shell agreed…
-
Benelux
Corporate round-up
Marsh buys Belgian credit specialist Trade Insure, AXA Corporate Solutions appoints Paul Evans as chairman, AGCS completes integration of Fireman's Fund with sale of personal lines business to ACE, AWAC…
-
CRE Insurance
IRM names shareholder activism and EU exit as key UK 2015 risks
UK risk managers should brace themselves for increased shareholder activism in 2015 as new corporate governance rules take hold as well as the prospect of political upheaval, including a potential…
-
Captives
ILS at record high in 2014
Last year saw a record amount of catastrophe insurance-linked securities (ILS) issued, beating the $7.86bn of property cat bonds brought to market in 2007.
-
CRE Insurance
Risk Frontiers Stockholm report
Commercial Risk Europe held its latest Risk Frontiers seminar in Stockholm late last month that focused on emerging risk, regulation and market dynamics in the Nordic region and beyond. Over…
-
Aviation
Reliability concerns fuelling two-speed space market
The cost of insuring satellite launches is set to rise for some operators, but better risks should enjoy favourable conditions as underwriters look to reward the use of more reliable…
-
Aviation
Evidence of safer skies but risk management challenges ahead
Despite 2014’s heavy aviation losses the skies are an increasingly safe place to be, however new technologies, rising claims costs and other risk management issues pose challenges for the airline…
-
CRE Insurance
What do you want for Xmas?
The vast majority of Commercial Risk Europe readers of course already have everything they could possibly need and so writing a list for Santa this year is going to be…
-
Association News
AMRAE survey suggests French undervalue HR risk management as value driver
French risk managers remain generally unaware of the benefits of actively managing human resource (HR) risks, according to a survey released by AMRAE, the country’s risk management association.
-
CRE Insurance
Not so new kid on the block–Paolo Ribotta, Generali
Generali Global Corporate & Commercial (GC&C) is a significant new player in the international large corporate market. Commercial Risk Europe editorial director Adrian Ladbury asked unit head Paolo Ribotta why…
-
Association News
Jo Willaert named as next Ferma president
Jo Willaert, Corporate Risk Manager for Agfa-Gevaert in Belgium, will become the next Ferma president when Julia Graham steps down in 2015.
-
CRE Insurance
Risk managers brace for consolidation as XL confirms bid for Catlin
XL confirmed this week that it is in talks about a possible acquisition of Catlin in a move that would create a combined insurance and reinsurance group with some $12.7bn…
-
CRE Insurance
Buyers and insurers dismayed by TRIA expiration
Buyers and insurers are equally dismayed by the US Congress' failure to renew the Terrorism Risk Insurance Act (TRIA). They say the decision leaves insureds exposed to terrorism risk and…
-
CRE Insurance
Russia emerges as key risk for 2015
Political instability is expected to continue into 2015, with Russia and Nigeria among the countries to watch, as well as high levels of terrorist violence and civil unrest, according to…
-
CRE Insurance
$34bn global insured disaster losses well below 10-year average: Swiss Re
There were $34bn insured losses from natural catastrophes and man-made disasters this year, according to preliminary figures from Swiss Re. This is almost half the 10-year average of $64bn and…
-
Association News
Belrim celebrates 40th birthday and announces recruitment drive
The Belgian risk management association Belrim celebrated its 40th birthday last week and announced a recruitment drive to coincide with the milestone.
-
Association News
Next gen risk managers urged to broaden skill set as fastTrack forum announced
Young and future risk professionals will need to develop a much broader set of skills than their predecessors in order to meet the challenges of 21st century business, said the…
-
CRE Insurance
Rising EMEA insolvencies could spark trade credit rate increase in 2015 warns Marsh
Although the trade credit insurance market remains generally soft a growing number of insolvencies and defaults across Europe, Middle East and Africa (EMEA) could see rates rise for many insureds…
-
Asia
Corporate round-up
AGCS North America and Fireman's Fund name new leadership team, JLT opens credit, political & security risk India hub and Barbican appoints new cyber and tech underwriter.
-
Africa
African aviation sector suffers poorest safety record worldwide
This year’s aviation disasters contradict the industry’s long-term improvement in safety, with currently fewer than two passenger deaths for every 100 million passengers on commercial flights, according to a new…