MAPFRE creates new global broker role

MAPFRE creates new global broker role

MAPFRE creates new global broker role

MAPFRE has appointed Chris Smith to the newly created role of chief global brokers officer, where he will be responsible for engaging global brokers and developing client relationships. Mr Smith will report to José Manuel Corral, general manager of the corporate business and client area. Mr Smith joined MAPFRE Global Risks in 2013 as head of European business, and later…

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where he worked in Spain as senior underwriter in the professional risks team. Mr Alcaide will launch Beazley’s e-trading platform, MyBeazley, for specialty products in Spain. Alexander van Nierop will also be based in Barcelona and joins Beazley from Aon in…

AXA moving international risk and reinsurance ops to Ireland

AXA moving international risk and reinsurance ops to Ireland

AXA moving international risk and reinsurance ops to Ireland

AXA’s international risk and reinsurance operations will move from the UK to Ireland ahead of Brexit, according to Reuters. AXA chief executive Thomas Buberl reportedly told press that its Irish subsidiary will underwrite European large risks and reinsurance. Staff from London, where the business is currently written, and France will be moved to the Irish subsidiary to comply with regulatory…

AXA XL adopts AI to speed up property risk analysis

AXA XL adopts AI to speed up property risk analysis

AXA XL adopts AI to speed up property risk analysis

AXA XL Risk Consulting has automated elements of its property risk engineering, using artificial intelligence (AI) technology. The company said adopting a new AI platform has reduced the amount of time it takes risk consultants to read engineering surveys of property sites, which can exceed 100 pages, to just seconds. The platform, called Cogito, has been developed by Italian software…

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

Chief financial officers (CFOs) will increasingly be held to account by investors and shareholders if they fail to manage their firm’s natural catastrophe risk, FM Global says in a new whitepaper. Arguing that CFOs must act now to prepare against natural disasters, it seems the insurer believes an opportunity exists for risk managers to assist these key allies. FM Global…

Chubb warns of new cybersecurity threats in year ahead

Chubb warns of new cybersecurity threats in year ahead

Chubb warns of new cybersecurity threats in year ahead

Cybersecurity will be challenged further in 2019 as regulators step up pressure on companies to prevent attacks and criminals change their behaviour, according to a set of cybersecurity predictions from Chubb. The insurer says regulatory attention will shift from how companies handle post-cyberattack incidents to pre-incident. This will place a focus on how they collect and store data, as well…