Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate conflicts higher than it has been for decades, warns Risk Advisory’s Strategic Outlook 2021. The risks consultancy’s report says that the global security and geopolitical outlook is broadly worsening this year in North America, west and central Africa, south Asia…

Sedgwick buys Dutch medical claims firm Medas

Sedgwick buys Dutch medical claims firm Medas

Sedgwick buys Dutch medical claims firm Medas

Sedgwick has bought Dutch medical advisory company Medas, which includes Medisch Advies Groep (MAG). Sedgwick said the acquisition will see it take a market-leading position in medical claims in the Netherlands. Medas advises on personal injury, disability insurance, life insurance, medical liability and occupational disease claims. Medas will join Sedgwick’s Netherlands-based medical and labour affairs department. Martin de Haan, general…

Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk and insurance managers have been urged to get out of their comfort zones and become more involved in tackling environmental, social and governance (ESG) risks, as research by Ferma earlier this year shows just a third currently play a role. Bart Smets, head of insurance and risk at global materials technology and recycling group Umicore, pointed to a survey…

Managing ESG and corporate risk in a changed world

Managing ESG and corporate risk in a changed world

Managing ESG and corporate risk in a changed world

Our recent annual conference with Belgian risk management association Belrim came at a difficult time for its members and our readers. So, to try and help them navigate these choppy waters, it focused on ‘Managing ESG and corporate risk in a changed world’. Sponsored by AIG, Chubb, CMS, Howden, Sompo International and Swiss Re Corporate Solutions, the virtual event combined…

Boost for Belgian risk managers as state extends credit guarantee

Boost for Belgian risk managers as state extends credit guarantee

Boost for Belgian risk managers as state extends credit guarantee

Belgian risk managers will welcome news that its state-backed reinsurance programme created in April to maintain supply of credit insurance in light of Covid-19 has been extended until June 2021. Credendo, the state-owned Belgian export credit agency (ECA) that is now Europe’s fourth biggest credit insurance group, confirmed that the state programme will be extended until the summer to support…

AGCS appoints new head of Mediterranean and Africa

AGCS appoints new head of Mediterranean and Africa

AGCS appoints new head of Mediterranean and Africa

Allianz Global Corporate & Specialty (AGCS) has appointed Patrick Thiels as regional managing director for its Mediterranean and Africa unit, to replace Corinne Cipière who will move to Allianz France. Ms Cipière has been appointed to the board of management at Allianz France as chief customer officer from 1 January 2021. Mr Thiels will oversee the recently expanded Mediterranean and…

Belgian and Dutch insurers set to withstand pandemic shock, says Fitch

Belgian and Dutch insurers set to withstand pandemic shock, says Fitch

Belgian and Dutch insurers set to withstand pandemic shock, says Fitch

Insurance markets in the Netherlands and Belgium are well positioned to withstand the pandemic shock, according to Fitch. Fitch has assigned the Dutch insurance sector a stable outlook for 2021. It said non-life insurance rates are expected to be stable. The ratings agency said Dutch insurers’ credit profiles will remain resilient to the disruption caused by the pandemic, with business…

Lloyd’s passes final reg hurdle to transfer EEA policies to Brussels office

Lloyd’s passes final reg hurdle to transfer EEA policies to Brussels office

Lloyd’s passes final reg hurdle to transfer EEA policies to Brussels office

Lloyd’s has received final approval from the UK High Court to transfer its EEA polices to the market’s European company set up to deal with Brexit. The transfer to Lloyd’s Insurance Company SA (Lloyd’s Europe) will occur on 30 December, just before the Brexit transition period runs out at the end of the year. The move will ensure Lloyd’s can…

Dutch law firm joins Global Insurance Law Connect network

Dutch law firm joins Global Insurance Law Connect network

Dutch law firm joins Global Insurance Law Connect network

The Dutch law firm WIJ advocaten BV has become the latest member of the Global Insurance Law Connect (GILC) legal network. Jim Sherwood, chairman of GILC, said: “WIJ advocaten was founded a decade ago, and in that ten years, it has focused entirely on insurance. It is a perfect fit for our group of likeminded specialist firms, which all have…

Ferma announces that past president Jo Willaert has died

Ferma announces that past president Jo Willaert has died

Ferma announces that past president Jo Willaert has died

Colleagues have paid tribute to Ferma’s immediate past president Jo Willaert, who sadly died last week. Mr Willaert was president of the federation from 2015 to November last year, when he handed over to current president Dirk Wegener. Mr Willaert graduated in law and spent the first part of his career in broking with companies that eventually became part of…

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