Cargo theft loss prevention must focus on insider threat: report

Cargo theft loss prevention must focus on insider threat: report

Cargo theft loss prevention must focus on insider threat: report

Theft from trucks continues to account for the highest proportion of cargo thefts worldwide and the threat from insiders – employees, contractors and even business partners – continues to rise, according to analysis carried out by transport insurer TT Club and supply chain intelligence firm BSI. The Global Cargo Theft Intelligence Report for 2018 found that thefts from trucks accounted for 84%…

Europe dominates FM Global’s resilience risk index

Europe dominates FM Global’s resilience risk index

Europe dominates FM Global’s resilience risk index

European countries dominate FM Global’s 2019 Resilience Index, taking nine of the top ten positions, led by Norway as the most resilient business environment. FM Global said the top ten was “reshuffled” for 2019, with Norway up from fourth place in 2018. Demark came second, with Switzerland – last year’s most risk-resilient country – in third. The UK was a…

Argo appoints CUO for Italy

Argo appoints CUO for Italy

Argo appoints CUO for Italy

Argo Group has appointed Marco Serra as chief underwriting officer for Italy, working for subsidiary ArgoGlobal Assicurazioni in Rome. Mr Serra, who has worked in the industry for 20 years, will report to CEO of ArgoGlobal Assicurazioni Giovanni Tucci. Mr Serra replaces Mario Borrelli. He joins Argo from Navigators, where he worked as underwriting manager for professional and management liability…

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

AM Best has maintained a stable market segment outlook on both the Italian and Spanish non-life insurance segments. In the case of the Italian market, Best said its outlook was supported by the continued expansion of the segment despite very low economic growth, together with the expectation that good operating results will be maintained, underpinned by sustained strong underwriting profitability.…

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali is to acquire the insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. No details of the purchase price and other terms have been revealed, but the gross written premium income across all three ERGO entities totalled €20.6m in 2017. Generali has signed an agreement to take over the entire life, non-life and composite insurance…

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

We caught up with Paolo Ribotta, CEO of Generali Global Corporate & Commercial (GC&C), to find how his company got on at year-end renewals, its plans for Europe and a growing focus on multinational programmes. Adrian Ladbury [AL]: What kind of year-end renewal did you experience at GC&C? How do you view the market and what was your strategy? Paolo…

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