Aon has named Charlie Garrood as head of infrastructure M&A for the EMEA region. Mr Garrood joins Aon from PwC where he worked in corporate finance, advising clients on M&A and debt financing. Aon said the appointment will expand and deepen its M&A and transaction solutions service for infrastructure clients. “Infrastructure investors face unique challenges when executing M&A processes in…
Transaction risks in merger and acquisition deals remain high, with a claim on one in every five (19%) warranty and indemnity (W&I) policies covered by AIG, the insurer said on publishing its third annual market study…
More insurers across the globe are expecting to report silent cyber losses across all lines of business except workers’ compensation in the next 12 months, according to a new survey by Willis Re. This year’s survey revealed that more than 60% of insurers believe they are likely to incur more than one silent cyber-related loss for every 100 non-cyber-covered losses…
Experts have warned that companies, and their top management, face even greater risks from the GDPR in certain parts of the world than they may have previously though…
Alain Wijnants has been appointed Benelux regional manager for XL Catlin’s insurance business. He will join the firm on 1 November from Zurich, where he currently serves as global head of management liability commercial. Mr Wijnants will replace Erik Hartkoren, who is retiring from XL Catlin after more than ten years of service. Manon Van der Meer – XL Catlin’s…
Chubb has appointed Janet Edey as head of management liability for the UK and Ireland. In her new role, Ms Edey will be responsible for leading and overseeing the development and execution of Chubb’s management liability strategy. The appointment is effective immediately and Ms Edey will report to Hilda Toh, financial lines manager for UK and Ireland at Chubb. Ms…
The African Trade Insurance Agency (ATI) has urged Nigeria and other countries to focus on de-risking their economies to drive future investment growth. During its participation in Afreximbank’s 2018 Annual Meetings and 25th anniversary celebrations, Ade Ayeyemi, Ecobank’s Group CEO, warned that investors would run away from Africa unless adequate risk measures were put in place to address actual and…
Lawsuits objecting to corporate mergers in the US are “highway robbery”, with the cost of claims against insurance policies for such legal cases up 63% since 2012 to $4.5m in 2016, according to new Chubb data and a panel debate on the findings. The insurer said the average cost of settled merger-objection claims was $3.6m during the four years, while…
Jeremy Wall has been appointed as head of global FINEX at Willis Towers Watson. Mr Wall has been a key member of the Willis Towers Watson FINEX leadership team for many years and will report to Alexis Faber, chief operating officer of corporate risk and broking at Willis Towers Watson, who was appointed to the role in March 2018, having…
Commercial insurer CNA Hardy has appointed Rhonda Buege to head up a new unit that will focus on specialty business and healthcare. The new division will house all of CNA Hardy’s existing healthcare and specialty lines products from the Lloyd’s and London company market, including medical malpractice, technology, life science, cyber and financial lines. Ms Buege will head the specialty…