Liberty Specialty Markets names Bidard head of liability in France

Liberty Specialty Markets names Bidard head of liability in France

Liberty Specialty Markets names Bidard head of liability in France

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 extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

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 sees rise in Q3 insolvencies with trend set for 2019: Coface

France sees rise in Q3 insolvencies with trend set for 2019: Coface

France sees rise in Q3 insolvencies with trend set for 2019: Coface

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…

Moody’s raises French P&C outlook

Moody’s raises French P&C outlook

Moody’s raises French P&C outlook

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…

Payment delays increase for European firms

Payment delays increase for European firms

Payment delays increase for European firms

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…

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