Liberty Specialty Markets (LSM) has appointed Florence Bidard as head of liability for France with immediate effect. The move will help develop LSM’s general civil, professional civil and environmental liability books, the firm said. Ms Bidard will be based in Paris and report to Richard Deguettes, LSM’s general manager of France. Mr Deguettes said: “Our suite of liability solutions is…
Beazley is rolling out its cyber and breach-response portal, previously available for US clients, to policyholders in the UK, France, Spain and Italy. Beazley’s client portal provides policyholders with risk management information and mitigation tools – including training materials, incident response planning and risk assessment options – to help firms prepare for a cyber incident or data breach. Clients can…
France has recorded a rise in insolvencies after two years of improvement, according to Coface, which expects the trend to continue into 2019. French companies saw a 2.3% rise in insolvencies in the third quarter of 2018 and Coface estimates a rise of 0.8% in 2019. From the beginning of the year to September, insolvencies fell by 4.5% in France…
Risk managers are taking a much more strategic role, acting as co-pilots to senior management and the board, according to a survey from Ferma
European risk managers seem to agree on one basic point: Brexit poses a major threat to an already challenging risk – supply chain
French reinsurer SCOR has established a new P&C insurer in Paris to take over its UK business in the European Economic Area (EEA) after Brexit…
Covéa CEO Thierry Derez has resigned from SCOR’s board of directors, following months of discord between the two companies…
Ratings agency Moody’s has improved its outlook on the French P&C insurance sector to stable from negative, although it added that the market is under pressure from tough competition and natural catastrophe losses. Moody’s said the upgrade is largely based on improvements in the motor sector, which accounts for 39% of French P&C premiums. Moody’s said motor rates have increased…
European businesses recorded a further increase in the number of overdue invoices in 2018 with 41.8% of payments outstanding, according to trade credit insurer Atradius. The average pushed up from 40.7% in 2017 after all of 14 European countries surveyed except Germany, Ireland and the UK recorded deterioration in B2B receivables…
Private equity firm BGC Partners to buy London market insurance broker Ed…