Lockheed exec Harrington named Rims Risk Manager of the Year

Lockheed exec Harrington named Rims Risk Manager of the Year

Lockheed exec Harrington named Rims Risk Manager of the Year

Rims has named Michael Harrington, vice-president risk management and assistant secretary for Lockheed Martin Corp, as the 2021 Risk Manager of the Year. As first reported in Business Insurance, Rims said Mr Harrington has transformed Lockheed’s approach to risk management and enterprise risk management. Under his leadership, risk management has changed from being mostly an insurance procurement function that provided…

Brokerslink appoints new regional managers with Nart named Europe head

Brokerslink appoints new regional managers with Nart named Europe head

Brokerslink appoints new regional managers with Nart named Europe head

Brokerslink has appointed Denise Nart as regional manager for Europe and named other heads in Asia-Pacific and Africa. Ms Nart is head of global accounts, reinsurance and business development at NART Insurance and Reinsurance Brokerage, Brokerslink’s partner in Turkey. Au Quang-Hien, CEO of AEGIS Insurance Brokers, which is Brokerslink’s partner in Vietnam, has been named regional manager for Asia-Pacific. Benjamin…

Decision delayed as Aon and WTW offer concessions to get deal past EC

Decision delayed as Aon and WTW offer concessions to get deal past EC

Decision delayed as Aon and WTW offer concessions to get deal past EC

Aon and Willis Towers Watson (WTW) have offered concessions to gain EC antitrust approval for their proposed deal, with a decision from authorities now pushed back by two months as a result. An EC filing shows that “commitments” were received from the two brokers on 9 April and the EC has now restarted the clock on its probe into the…

Half of remote rotational workers suffer worse mental health at work, finds International SOS

Half of remote rotational workers suffer worse mental health at work, finds International SOS

Half of remote rotational workers suffer worse mental health at work, finds International SOS

The majority of remote rotational workers (62%) suffer worse mental health than the general population, with 40% reporting suicidal thoughts while at work, according to a new global report by International SOS Foundation. Rotational workers’ mental health improves while off-shift, but 31% still experience lower mental health than the general population. Some 29% met the benchmark for clinical depression while…

Rottiers replaced as CEO of Lloyd’s Europe

Rottiers replaced as CEO of Lloyd’s Europe

Rottiers replaced as CEO of Lloyd’s Europe

Lloyd’s Europe’s CEO Sonja Rottiers is stepping down in June and will be replaced by Amélie Breitbur. Ms Rottiers will leave her post at Lloyd’s Europe’s general assembly on 1 June. Ms Breitbur will be her replacement, subject to regulatory approval. She has more than 25 years of international insurance markets experience, including roles at AXA, KPMG and Allianz. She…

‘Two-tier’ energy market remains tough for many buyers

‘Two-tier’ energy market remains tough for many buyers

‘Two-tier’ energy market remains tough for many buyers

Energy insurance buyers must navigate a two-speed market, with higher rate increases for less favourable business, while those that suffered significant rate increases last year are generally seeing more modest increases on renewal, concludes a new report from Willis Towers Watson (WTW). “A two-tier market dynamic is beginning to evolve, between those programmes that insurers truly value from a risk…

AXA names new CEO of innovation unit AXA Next

AXA names new CEO of innovation unit AXA Next

AXA names new CEO of innovation unit AXA Next

AXA has appointed Jef Van In as CEO of AXA Next and group innovation officer, to replace Delphine Maisonneuve from 1 July. Mr Van In will move to the role from his current position as CEO of AXA Belgium and report to Antimo Perretta, CEO of AXA Europe. AXA Next houses eight units that have been brought together to drive…

Reinsurance capital up 7% in 2020 despite Covid-19 turbulence, finds Wills Re

Reinsurance capital up 7% in 2020 despite Covid-19 turbulence, finds Wills Re

Reinsurance capital up 7% in 2020 despite Covid-19 turbulence, finds Wills Re

Dedicated global reinsurance capital was up 7% last year to $658bn, primarily driven by strong investment market appreciation, according to the latest Willis Re Reinsurance Market Report. The biannual publication says new capital raised by both incumbents and new entrants added to the year-end total, but notes that capital returns to shareholders exceeded those new investments. James Kent, global CEO…

Thomas Miller appoints consultant for European growth

Thomas Miller appoints consultant for European growth

Thomas Miller appoints consultant for European growth

Marine and offshore specialty MGA Thomas Miller Specialty has recruited Sven-Erik Braun as a consultant to build the group’s European strategy. Mr Braun will be based at the company’s Hamburg branch, bringing more than 30 years’ experience of the maritime sector. He served as managing director of marine broker Döhle Assekuranzkontor GmbH for 14 years. Danielle Champion, CEO of Thomas…

Ferma concerned by lack of progress on European pandemic solution

Ferma concerned by lack of progress on European pandemic solution

Ferma concerned by lack of progress on European pandemic solution

The Federation of European Risk Management Associations (Ferma) is worried that efforts to establish pandemic pools appear to have lost momentum across Europe, and reiterated calls for a “risk-based” pan-European public-private partnership (PPP) for systemic business interruption (BI) risks. Ferma’s president has also called on the insurance industry to do more to help create a solution. Acknowledging the need to…