Generali partners with satellite-imaging specialist for large construction project risks

Generali partners with satellite-imaging specialist for large construction project risks

Generali partners with satellite-imaging specialist for large construction project risks

Generali Global Corporate & Commercial (Generali GC&C) and NHAZCA, a specialist in satellite and geohazard risk assessment, have announced a strategic partnership in the field of large/complex construction projects worldwide. NHAZCA, a spinoff from the Sapienza University in Rome, will provide its expertise in satellite, aerial and terrestrial sensing services, with the main applications being in nat cat and earthquake,…

Lack of legacy and commitment to claims key for BHSI growth in Germany: Krause

Lack of legacy and commitment to claims key for BHSI growth in Germany: Krause

Lack of legacy and commitment to claims key for BHSI growth in Germany: Krause

Berkshire Hathaway Specialty Insurance (BHSI) launched into Germany in 2016 and is well on track to establishing itself as a serious lead multi-line carrier for corporate insurance managers in the country, despite the many challenges posed by the currently tough market, believes Andreas Krause, country manager in Germany for the US-based group. Mr Krause told Commercial Risk that BHSI Germany…

Zurich launches new global commercial risk prevention unit

Zurich launches new global commercial risk prevention unit

Zurich launches new global commercial risk prevention unit

Zurich Insurance has launched a new global business unit called Zurich Resilience Solutions to help companies manage risk more effectively and improve their risk profile. It will be led by new global head Hanno Mijer, who joined Zurich in 2007 and was previously CEO of the company’s Cover-More Group. Zurich Resilience Solutions brings together more than 750 risk engineers to…

From cradle to grave

From cradle to grave

From cradle to grave

BELFOR, a leading restoration and recovery company, recently announced the appointment of David Cooper as head of environmental services at its UK operation. Adrian Ladbury asked Mr Cooper about his new role, the trends he sees in the environmental field and how the group’s new integrated service will help risk managers do a better job. Adrian Ladbury (AL): What were…

MGA Ensurance replaces Swiss Re’s construction capacity with AXA UK

MGA Ensurance replaces Swiss Re’s construction capacity with AXA UK

MGA Ensurance replaces Swiss Re’s construction capacity with AXA UK

Specialty MGA Ensurance has launched a new capacity deal with AXA Insurance UK for its core construction and engineering products. The deal, which provides AA-rated capacity, sees AXA replace Swiss Re as the main provider from 1 February. Ensurance founder and CEO Tim James said: “This is a landmark deal for Ensurance. We have worked hard building our business over…

New global deputy head of construction for Howden

New global deputy head of construction for Howden

New global deputy head of construction for Howden

International insurance broker Howden has appointed Andrew Harrison-Sleap as executive director and global deputy head of construction. He will report to Naresh Dade, who joined in December 2020 to lead the practice group and will be based in London. According to Howden, Mr Harrison-Sleap “will focus on the delivery of first-class risk financing solutions for construction clients, with a particular…

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption (BI) in second place and pandemic outbreak third, finds a poll of risk experts and business leaders by Allianz Global Corporate & Specialty (AGCS). BI’s position is unchanged from last year, while pandemics are a new entry in the top…

Aon launches fuel price insurance for shipping, aviation and other firms

Aon launches fuel price insurance for shipping, aviation and other firms

Aon launches fuel price insurance for shipping, aviation and other firms

Aon has launched a new fuel insurance product for shipping and aviation clients to protect buyers against rising fuel prices. The cover, backed by credit insurance, kicks in if the cost of fuel rises above a pre-agreed amount. Buyers taking out the policy can claim the difference between the agreed price and the higher cost of fuel for every month…

Mactavish warns further hardening will leave some firms without cover

Mactavish warns further hardening will leave some firms without cover

Mactavish warns further hardening will leave some firms without cover

Mactavish expects commercial insurance rates to harden further in 2021 and could leave some buyers unable to pay for cover. The claims resolution firm said commercial insurance buyers have seen premium renewals up by as much as 800% this year in the UK and London market for certain risks, with insurance cover also undermined by changes to terms and conditions.…

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