Learning risk management lessons from pharma recalls

Learning risk management lessons from pharma recalls

Learning risk management lessons from pharma recalls

The pharmaceutical industry is a very highly regulated industry, where quality control is extremely important and high profile. But as a recent series of recalls has shown, even in this industry, quality control can fail and after impurities are discovered, contaminated products can hit the market with expensive and damaging consequences. Last year, we at Zurich started to see massive…

Brazil: a market of both challenge and opportunity for risk managers with global programmes

Brazil: a market of both challenge and opportunity for risk managers with global programmes

Brazil: a market of both challenge and opportunity for risk managers with global programmes

In the early 2000s, Brazil was heralded alongside Russia, India and China as one of the ‘big four’ developing economies poised for major growth. A huge land mass, large population and a strategic location in Latin America positioned the country well for economic and social progress. With a peak GDP growth of 4.5% from 2006 to 2010, more than 29…

Leveraging new technology to efficiently manage a global partner network

Leveraging new technology to efficiently manage a global partner network

Leveraging new technology to efficiently manage a global partner network

Globalisation has reduced the distances and barriers between countries, allowing corporations to perform business in multiple markets, which has driven the need for international insurance. Insurance companies should have capabilities around the globe to be able to offer a comprehensive insurance solution for global customers and to deal with the complexities of different regulations and market practices. Global insurers such…

The curious contradiction of M&A risk transfer

The curious contradiction of M&A risk transfer

The curious contradiction of M&A risk transfer

Mary Duffy, global head of M&A insurance at AIG, explains why it pays for risk managers to be front and centre during an acquisition or divestiture. Risk and insurance managers are central to placing international programmes, managing relationships with insurance and broking partners and coordinating the claims process. But it is a curious contradiction that the same is often not…

Mapfre steps up game with brokers

Mapfre steps up game with brokers

Mapfre steps up game with brokers

Chris Smith was appointed to the newly created role of chief global brokers officer at Mapfre Group at the end of last year. A well-known figure in the London and international insurance market, he was previously head of European business and chief regions and market officer at Mapfre Global Risks. This is the corporate arm of the Spanish group that…

Gently down the stream: How international insurance programmes can help manage large and evolving energy risks

Gently down the stream: How international insurance programmes can help manage large and evolving energy risks

Gently down the stream: How international insurance programmes can help manage large and evolving energy risks

From natural catastrophe to cyber, the downstream energy sector grapples with some large and evolving risks. Todd Wilhelm, regional product leader for energy, property and construction for Asia-Pacific at AXA XL, explains how these risks can be managed and transferred through international insurance programmes. What trends are you seeing in the management and transfer of downstream energy risk? While it…

Don’t give up the fight on global programmes!

Don’t give up the fight on global programmes!

Don’t give up the fight on global programmes!

There was plenty of interesting news coming out of the RIMS conference at the start of this month, as the world’s biggest corporate risk management society met for its annual gathering in Boston. One big issue on the agenda was global programme regulation. This is not a new topic. Commercial Risk Europe and its sister title International Programme News have…

HDI Global prepares for new era

HDI Global prepares for new era

HDI Global prepares for new era

In mid-March, Talanx, the parent company of Hannover-based HDI Global, announced that Christian Hinsch, member of the board of management responsible for its industrial lines division, would step down on 9 May. Mr Hinsch will be replaced by Edgar Puls as chief executive officer of HDI Global. Adrian Ladbury interviewed Mr Hinsch about his long career at HDI, and Mr…

Risk management challenges and new technologies

Risk management challenges and new technologies

Risk management challenges and new technologies

Risk managers are facing many risk management challenges, not least in the international programme space where there are increasing regulatory pressures and complex networks to deal with. But ultimately, the biggest challenge is the sheer amount of information available and the complexity of the risk management requirements, from multiple jurisdictions, each with their own unique compliance and regulatory challenges, to…

Rising to the global challenge

Rising to the global challenge

Rising to the global challenge

Zurich is one of the world’s leading providers of international programmes and has invested heavily in this critical and high-value area for a number of years. The group now underwrites more than 7,700 programmes and incurred $2.852bn in claims last year. Commercial Risk Europe’s Adrian Ladbury asked a group of Zurich’s senior international programmes experts about emerging market trends ahead of our annual Global Programmes: Consistency and Certainty event, to be held in London on 12 June.

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