French risk managers still make little use of new technologies such as robotics and artificial intelligence (AI) in their daily jobs, but risk professionals are gaining traction within their organisations, finds AMRAE’s latest Risk Manager Barometer. The survey, published every two years in partnership with PwC, shows that French risk managers are becoming more involved in topics such as compliance…
Beazley is now offering cyber and management liability to French insurance buyers working at companies with turnover of up to €350m. Available through e-broking platform myBeazley, the companies will now have access to cyber service Beazley Breach Response (BBR) and management liability (ML) insurance, including D&O, crime and employment practice covers. Buyers can take out the covers separately or combine…
The level of global insolvencies has risen for the first time in a decade, led by the UK where the insolvency rate is expected to increase by as much as 10% in 2019, according to trade credit insurer Atradius. Across all developed markets, business failure rate increases are expected to rise 2.8% on average this year, largely driven by slower…
Tokio Marine HCC has appointed Jennifer Metcalfe as senior surety underwriter for France. Ms Metcalfe joins Tokio Marine from Zurich, where she was senior underwriter in the UK and France. In her new role, Ms Metcalfe will report to Aymeric Vinet Desrues, who was appointed Tokio Marine HCC’s head of surety for France in February. Both Ms Metcalfe and Mr…
Insolvency risk is expected to spike for companies in eastern Europe this year as economies fight against global trade tensions, the US-China trade conflict and a potential no-deal Brexit, according to trade credit insurer Atradius. In a barometer of B2B payment practices across 1,500 businesses in seven eastern European countries – Czech Republic, Hungary, Poland, Slovakia, Turkey, Bulgaria and Romania…
Businesses across the world are most concerned by economic risks, but cyber has climbed the rankings once again and remains the number one threat in Europe, according to a survey by the World Economic Forum (WEF). The survey asked nearly 13,000 business leaders in more than 130 countries to choose five risks from a list of 30 that will cause…
Scor’s opposition to last year’s €8.2bn takeover bid from shareholder Covéa was “destructive”, claims Catherine Berjal, CEO of activist investor CIAM, in a new letter to the reinsurer’s board member Augustin de Romanet that looks certain to reignite the feud. In an appeal to Mr de Romanet to mediate between Scor’s CEO Denis Kessler and Covéa’s CEO Thierry Derez, Ms…
The recent frenzy of mergers and acquisitions (M&A) among insurers and brokers could, ultimately, be good news for the French market, but also comes with some risks, according to leading local risk managers. AMRAE board members said the M&A activity could shake up the remaining insurers and encourage more innovation and creativity. However, they also acknowledged that fewer insurers could…
Brokerslink has added three European brokers to its network, including French maritime firm Filhet-Allard Maritime (FAM), part of the Filhet-Allard Group. The two other two brokers are Colemont FKB, an established Latvian company, and Draudimo Bités, a Lithuanian broker specialising in transport and logistics. The additions take Brokerslink’s presence in Europe to 36 countries. Christos Gavriel, Brokerslink’s regional manager for…
Participants in the French leg of our Risk Frontiers Europe survey said procurement teams can assist risk management professionals with buying insurance but are not best placed, or would necessarily want, to take on the role. Why, the risk managers questioned, would procurement want the responsibility of buying something they do not necessarily understand and would entail learning a whole…