The Pan-Asia Risk & Insurance Management Association (Parima) is this week supporting an event focused on employee benefits for risk managers in Beijing, organised by MAXIS Global Benefits Network (Maxis GBN) and its local partner ICBC AXA. Risk and insurance managers in Europe and North America are becoming increasingly involved in the management and transfer of employee benefits, as multinationals…
Swiss Re has teamed up with Singapore-based insurer EF Marine to offer protection and indemnity (P&I) cover with potential limits up to $500m, to foreign ships that call at Indian ports. EF Marine, which has offices in Singapore and Rotterdam and provides AA-rated security from Swiss Re, announced that it is now an approved insurance provider for the purpose of…
A data pool run by Irish insurance association Insurance Ireland could be in breach of Europe’s competition laws, said the European Commission (EC), as it steps up an investigation that started in July 2017. The EC said this week that if non-member companies are excluded from accessing the data pool, it could in turn affect their position in the Irish…
London-based international insurer Beazley has launched a new cyber policy and risk management service for shipowners and operators, as they prepare to meet new International Maritime Organization (IMO) cyber risk measures. Beazley said its Cyber Defence policy is aimed at vessel owners and operators, to cover physical damage and loss of hire caused by a cyberattack. Buyers in the maritime…
Sompo International Holdings has formed a new life sciences team within Sompo Global Risk Solutions. Led by Todd Lauer, the new division will offer buyers in the life sciences industry products from its property/casualty range, including product liability, clinical trial liability, property, auto, workers’ compensation, environmental, and product-related errors and omission cover. Products are aimed at US small and middle-market…
The public row between Argo Group and investor Voce Capital Management flared up again yesterday, in an exchange of statements over allegations that the company and Argo CEO Mark Watson have misused corporate assets and filed excessive expenses. Voce Capital stuck by allegations first voiced in February in a letter to fellow shareholders and rejected Argo’s subsequent response earlier this…
Companies in the construction and development, infrastructure, and oil and gas sectors face the biggest challenge when it comes to dealing with corruption, according to a new report from international risk consultancy firm the Risk Advisory Group…
AXIS Insurance has launched a global cyber unit to consolidate its cyber and technology expertise, to be headed up by Dan Trueman
RSA has appointed Geoff Jones as director of its recently restructured specialty and wholesale business, which is housed under RSA’s Global Risk Solutions division
Allianz Global Corporate & Specialty has extended its partnership with insurtech firm and analytics specialist Praedicat, in a move that it said will mitigate product liability risk for manufacturers