Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate conflicts higher than it has been for decades, warns Risk Advisory’s Strategic Outlook 2021. The risks consultancy’s report says that the global security and geopolitical outlook is broadly worsening this year in North America, west and central Africa, south Asia…

Allianz sets 25% greenhouse gas reduction target for investments

Allianz sets 25% greenhouse gas reduction target for investments

Allianz sets 25% greenhouse gas reduction target for investments

Allianz has set interim targets to reduce greenhouse gas emissions in its investment portfolio, to help achieve its ultimate goal of climate neutrality by 2050. The insurer said it wants emissions from equities and corporate bonds held in its customer funds portfolio to fall 25% by 2025, from 2019 levels. The insurer said all equities and corporate bonds will be…

New Lloyd’s broker created in Germany to allow clients access to EU and UK markets

New Lloyd’s broker created in Germany to allow clients access to EU and UK markets

New Lloyd’s broker created in Germany to allow clients access to EU and UK markets

A new joint venture between Seventeen Group, which owns London-based brokerage James Hallam and MGA Touchstone Underwriting, and German broker MRH Trowe has been launched to create a Lloyd’s broker in Germany that will allow clients of all firms to better access UK and EU markets. The new European Lloyd’s broker London Re will be based in Duesseldorf and have…

PE firm takes ‘significant’ stake in German industrial lines broker

PE firm takes ‘significant’ stake in German industrial lines broker

PE firm takes ‘significant’ stake in German industrial lines broker

AnaCap Financial Partners, a London-based financial services specialist mid-market private equity investor, has announced a “significant” growth investment into MRH Trowe (MRHT), an independent top-ten industrial and commercial lines German insurance broker. AnaCap said it will join the MRHT management team as a “strategic growth partner”, with existing management remaining as the largest shareholder group in the company. The investment…

D&O liability risk spikes as Covid-19 insolvencies gather pace

D&O liability risk spikes as Covid-19 insolvencies gather pace

D&O liability risk spikes as Covid-19 insolvencies gather pace

Corporate insolvencies caused by the pandemic will drive a growth in claims against directors and officers (D&Os) in 2021, according to Clyde & Co’s Simon Konsta who warns that the new Covid-19 variant first detected in the UK and potential for more severe lockdowns are adding further fuel to the fire. Mr Konsta said liabilities against D&Os are building in…

Reinsurance market firms at 1 Jan but buyers fare better than first feared, says Willis

Reinsurance market firms at 1 Jan but buyers fare better than first feared, says Willis

Reinsurance market firms at 1 Jan but buyers fare better than first feared, says Willis

The reinsurance market firmed at 1 Jan renewals but price increases and other changes were less onerous than buyers initially feared, according to Willis Re. The reinsurance broker’s 1st View treaty renewals report explains that reinsurers largely arrested the persistent soft market trend of recent years at 1 Jan. It says that poor underwriting results driven by elevated levels of…

Gothaer reveals industrial insurance expansion plans as market results improve

Gothaer reveals industrial insurance expansion plans as market results improve

Gothaer reveals industrial insurance expansion plans as market results improve

Gothaer, the Cologne-based mutual insurance group, plans to expand in the industrial insurance market during the next five years as the German industrial property space finally appears to have turned the corner on the back of falling claims and rising prices. The German Insurance Association (GDV) last month published its annual statistical yearbook. This analysis has made depressing reading for…

Generali Global Corporate & Commercial gets ISO cert for risk engineering and loss prevention services

Generali Global Corporate & Commercial gets ISO cert for risk engineering and loss prevention services

Generali Global Corporate & Commercial gets ISO cert for risk engineering and loss prevention services

Generali Global Corporate & Commercial (GC&C) has obtained ISO 9001:2015 certification for its risk engineering and loss prevention services in a number of countries around the world. The P&C unit has received the certification for its central team, as well as operations in Italy, Spain, Germany, Austria, central and eastern Europe, Russia, Asia and the UK. It was previously certified…

Germany extends €30bn credit insurance bailout

Germany extends €30bn credit insurance bailout

Germany extends €30bn credit insurance bailout

Germany has extended its state-backed €30bn Covid-19 credit insurance guarantee for a further six months to 30 June 2021, after pressure from German insurance buyer association GVNW and insurance association GDV to continue the scheme beyond December. The extension will allow credit insurers to continue underwriting €400bn of insurance to help businesses protect their supply chains and prevent insolvencies, the…

1 2 3 74