Cosimi takes over the reins at Anra from De Felice

Cosimi takes over the reins at Anra from De Felice

Cosimi takes over the reins at Anra from De Felice

Italian risk and insurance management association Anra held its annual member Assembly yesterday and elected a new board of directors under the leadership of new president Carlo Cosimi, head of insurance and risk financing at Saipem, the Italian multinational oilfield services company. Mr Cosimi steps up from his role as Anra vice-president to replace Alessandro De Felice, chief risk officer at…

Howden and Gallagher lead the hunt for WTW’s European business

Howden and Gallagher lead the hunt for WTW’s European business

Howden and Gallagher lead the hunt for WTW’s European business

Howden and A J Gallagher are frontrunners for the Willis Towers Watson (WTW) business in Europe that it seems Aon will have to dispose of to gain the EC’s approval for a planned $30bn acquisition of the group, a senior industry source in Germany told Commercial Risk Europe. It is also thought that McGill and Partners, the London-based broker launched…

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies to ‘surge’ by 26% in 2021: Atradius

Insolvencies are set to jump 26% globally this year with several European countries likely to be worst hit as the fallout from Covid-19 finally impacts bankruptcies, according to Atradius. This would follow a 14% fall in insolvencies last year when governments introduced fiscal measures and bankruptcies regime changes to protect businesses from failure, said the trade credit insurer. Atradius added…

CRE Italia arrives

CRE Italia arrives

CRE Italia arrives

Welcome to the first issue of CRE Italia, the latest of our regular monthly national newsletters dedicated to the information needs of our risk and insurance management readership across Europe. Commercial Risk Europe was launched back in 2010 to provide the whole European risk and insurance management community with a dedicated information source, to help it do a better job…

Anra moves towards a new presidency

Anra moves towards a new presidency

Anra moves towards a new presidency

The upcoming national Associates Assembly of Anra, the Italian risk and insurance management association, scheduled for 15 April, will see the second presidential term of Alessandro De Felice, chief risk officer at Prysmian Group, who was elected president of Anra in 2015 and confirmed in 2018, come to an end. The handover to the new president will be by no…

Italian risk managers must brace for further challenges in D&O

Italian risk managers must brace for further challenges in D&O

Italian risk managers must brace for further challenges in D&O

European D&O insurance, more than other financial lines, is experiencing a complicated and challenging phase, because of rising claims during the last decade and the sometimes brutal impact of the hard market, as clearly shown by the lively discussion at last month’s Cyber and Financial Lines conference organised by German risk and insurance management association GVNW. A recent webinar on…

Generali committed to further M&A despite Covid-19: Donnet

Generali committed to further M&A despite Covid-19: Donnet

Generali committed to further M&A despite Covid-19: Donnet

Generali will continue its planned growth path under CEO Philippe Donnet’s Generali 2021 plan and has a further €2.3bn to spend on acquisitions, having already spent €1.8bn in recent times, analysts were told during the Italian insurance group’s recent annual results call. Mr Donnet’s further commitment to growth came on the back of a decent set of annual figures, to which…

ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

ANIA welcomes EU focus on ‘protection gap’ as part of climate change strategy

The EU has presented guidelines to build a transversal adaptation system for environmental emergencies to help better cope with natural catastrophes across the continent. The EU is increasingly focusing on containment and adaptation policies relating to climate change. This latest initiative is being rolled out based on a strategy that was originally devised in 2013. The current effort shifts the…

Suez Canal blockage presents major lessons for Italian risk community

Suez Canal blockage presents major lessons for Italian risk community

Suez Canal blockage presents major lessons for Italian risk community

The beaching of the Ever Given, the cargo ship that ran aground in the Suez Canal, blocking the critical passageway for six days, ended once the freighter was unwedged and the flow of vessels resumed. Working off the queue of hundreds of boats that opted to wait instead of turning south towards the Cape of Good Hope and circumnavigating Africa…

Italian listed companies face up to the big risk picture

Italian listed companies face up to the big risk picture

Italian listed companies face up to the big risk picture

The Global Risk Report, published every year by the World Economic Forum (WEF) in collaboration with Marsh & McLennan and Zurich, captures global businesses’ perceptions of major risks and their potential medium-term impacts. But what happens when we move from perceptions to actions, when organisations translate their intuitions and forecasts into concrete data? To understand this, Marsh elaborated with Risk…

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