BSI gives free access to Covid-19 supply chain tool

BSI gives free access to Covid-19 supply chain tool

BSI gives free access to Covid-19 supply chain tool

BSI has opened access to the Covid-19 section of its Supply Chain Risk Exposure Evaluation Network (Screen) tool to help companies manage the risk and boost resilience. Screen is a web-based global supply chain intelligence system that includes information to help companies anticipate, respond to and avoid supply chain disruptions. It is a subscription service, but the Covid-19 section is…

Victor Insurance appoints new country manager for Italy

Victor Insurance appoints new country manager for Italy

Victor Insurance appoints new country manager for Italy

Marsh’s global managing general underwriter Victor Insurance Holdings has appointed Matteo Bonfà as country manager for its Italian unit, Victor Italia. Based in Milan, Mr Bonfà will report to Anthony Stevens, president of Victor International. Mr Bonfà takes over the role from Tony Cabot, who has served as country manager in Italy for the past three years. Mr Cabot will…

Covid-19 set to cause ‘substantial’ shift in insurance capacity and premiums: Marsh

Covid-19 set to cause ‘substantial’ shift in insurance capacity and premiums: Marsh

Covid-19 set to cause ‘substantial’ shift in insurance capacity and premiums: Marsh

Although it is too early to measure Covid-19’s full or long-term impact on the insurance industry, it will likely cause the market to shift substantially, according to Marsh JLT. “It [Covid-19] is already having global repercussions that we have not seen since 2008/2009 and 2001, and there is a likelihood that we will see a substantial shift in insurance capacity…

‘Savage’ upstream energy conditions threaten capacity exists, warns Marsh JLT Specialty

‘Savage’ upstream energy conditions threaten capacity exists, warns Marsh JLT Specialty

‘Savage’ upstream energy conditions threaten capacity exists, warns Marsh JLT Specialty

Marsh JLT Specialty has warned that “savage” conditions facing upstream energy firms are likely to be made worse by insurance capacity withdrawals. In its latest energy report, the broker says the crisis facing upstream energy companies – fuelled by Covid-19 and a collapse the in oil price – is worse than any in living memory. While reduced output could be…

AXA XL’s Harris to replace Pryce as CEO of QBE international

AXA XL’s Harris to replace Pryce as CEO of QBE international

AXA XL’s Harris to replace Pryce as CEO of QBE international

AXA XL’s Jason Harris will replace QBE’s CEO of international business Richard Pryce, who is retiring at the end of this year. Mr Harris was CEO of global property and casualty at AXA XL with responsibility for financial lines, construction, engineering, ART and risk engineering. He will take on his new role in the fourth quarter and report to QBE’s…

Coronavirus risks civil unrest backlash in Latin America, warns Verisk Maplecroft

Coronavirus risks civil unrest backlash in Latin America, warns Verisk Maplecroft

Coronavirus risks civil unrest backlash in Latin America, warns Verisk Maplecroft

The coronavirus pandemic is artificially containing civil unrest in Latin America, but postponed elections threaten a stronger backlash once containment measures are lifted, according to a new report from Verisk Maplecroft. Many Latin American states have enforced measures to contain the spread of Covid-19, including limiting civil liberties and potential delays, or postponements, to elections. Verisk Maplecroft expects the pandemic…

WTW puts Miller sale on hold

WTW puts Miller sale on hold

WTW puts Miller sale on hold

Willis Towers Watson (WTW) has pressed pause on the potential sale of its wholesale Lloyd’s broker Miller, amid uncertainty caused by the Covid-19 pandemic. WTW said in February it was undertaking a strategic review to consider Miller’s future, prompting speculation that the broker was clearing the decks ahead of a large merger. The following month, Aon confirmed an offer of…

Aon launches Covid-19 workforce risk assessment tool

Aon launches Covid-19 workforce risk assessment tool

Aon launches Covid-19 workforce risk assessment tool

Aon has launched an interactive tool to help companies measure the effects of Covid-19 on their workforce. It has initially been rolled out in the US but will be expanded globally. The model and map help companies measure absenteeism, anticipate medical costs and identify where operations could be shifted. The Covid-19 Employee Impact Model tool gives a state-by-state analysis of…

Pool Re is proven model but not only option for pandemic insurance solution: Enoizi

Pool Re is proven model but not only option for pandemic insurance solution: Enoizi

Pool Re is proven model but not only option for pandemic insurance solution: Enoizi

Pool Re chief executive Julian Enoizi welcomed the recent debate on future pandemic risk financing in partnership between government, the insurance sector and business, telling Commercial Risk Europe in an exclusive interview this week that risk managers definitely need to be involved in the discussion from the outset. He pointed out that Pool Re was created in only three months during…

Covid-19 unlikely to change course of aviation rates, says Gallagher

Covid-19 unlikely to change course of aviation rates, says Gallagher

Covid-19 unlikely to change course of aviation rates, says Gallagher

Broker Gallagher has said Covid-19 is unlikely to change the course of the aviation insurance market, with hardening conditions set to continue throughout 2020 driven by the frequency and severity of recent claims. The next round of renewals are expected to continue on higher rates. But Gallagher said the recent ratings trend will be “somewhat clouded by the huge reduction…