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…

Swiss Re insured company operating collapsed Italian bridge

Swiss Re insured company operating collapsed Italian bridge

Swiss Re insured company operating collapsed Italian bridge

Swiss Re Corporate Solutions is one of the main insurers of Italian firm Autostrade per l’Italia, which operated the bridge that collapsed in Genoa last week, the reinsurer said in a statement. The firm declined to give any details on the insurance contract. “We are already working with and will continue supporting our client in managing the impact of this…

European heat and drought to cost agriculture sector billions, says Munich Re

European heat and drought to cost agriculture sector billions, says Munich Re

European heat and drought to cost agriculture sector billions, says Munich Re

The heatwaves, droughts and forest fires currently affecting swathes of Europe will cost the agriculture sector billions of dollars with entire harvests lost in some cases, Munich Re warns. According to the reinsurer, the grain harvest in Germany is likely to be down more than 10% on the long-term average as a result of the hot and dry weather. Total…

Mapfre restructures global risks business

Mapfre restructures global risks business

Mapfre restructures global risks business

Mapfre has reorganised its global risks business, designed to increase the capacity for large commercial risks. The insurer said Mapfre Global Risks will continue to be the business unit dedicated to global clients. “As part of this process, Mapfre Global Risks will continue to be Mapfre’s business unit specialising in providing comprehensive and innovative insurance solutions to large companies, multinational…

Threat of more lone-wolf terror attacks added to RMS models

Threat of more lone-wolf terror attacks added to RMS models

Threat of more lone-wolf terror attacks added to RMS models

An updated terror model has been developed by RMS to include new and increasing threats, such as lone-wolf terrorist attacks. RMS said it expects more lone-wolf terror plots, particularly aimed at soft targets with public access such as hotels, transport hubs and night clubs with crowds of people and limited exit routes. The new model has also refined the Terrorism…

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

Liberty Specialty Markets (LSM) has launched a new reinsurance operation in Italy and, at the same time, rebranded its entire reinsurance operations as Liberty Mutual Re. Based in Rome and Milan, the new Italian business will underwrite property, casualty and specialty business. Massimiliano Fantini joins Liberty Mutual Re to head up the new operation, having previously worked for Guy Carpenter…

Déjà vu as Q2 risks mirror 2012-2013 slowdown: Coface

Déjà vu as Q2 risks mirror 2012-2013 slowdown: Coface

Déjà vu as Q2 risks mirror 2012-2013 slowdown: Coface

Risk signals in the second quarter of 2018 are similar to the slowdown of global trade conditions in 2012 to 2013, according to Coface’s latest update on worldwide country and sector risks. Coface said Q2 confirmed that the peak in world growth has passed. Risks identified in Q2 2018 included the rise of sovereign spreads in the eurozone, increased protectionism,…

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