Sedgwick creates Nordic hub

Sedgwick creates Nordic hub

Sedgwick creates Nordic hub

Sedgwick is combining its Norwegian and Swedish operations to create a new regional hub in Scandinavia, which the firm said will support growth in the region. The new hub will begin operation in February. Sedgwick said it will provide “consistent and expanded” services to clients across the entire region, giving Scandinavian and international clients a central point of contact. Sedgwick…

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption (BI) in second place and pandemic outbreak third, finds a poll of risk experts and business leaders by Allianz Global Corporate & Specialty (AGCS). BI’s position is unchanged from last year, while pandemics are a new entry in the top…

Marsh JLT Specialty appoints Aon’s David Lindqvist as head of Nordics

Marsh JLT Specialty appoints Aon’s David Lindqvist as head of Nordics

Marsh JLT Specialty appoints Aon’s David Lindqvist as head of Nordics

Marsh JLT Specialty has appointed David Lindqvist head of its Nordics region to serve large and specialty corporates. Mr Lindqvist will join Marsh from Aon, where he was most recently head of specialties for the Nordics, in June. He will report to Henrik Rydén, CEO of Marsh’s Nordic region. He will also work closely with Paul Knowles, head of Marsh…

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…

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali Global Corporate & Commercial (GC&C) UK has partnered with specialist Power Energy Risk (PERse) to deliver global renewable energy solutions, with a focus on wind and solar plants. PERse is the largest US-based renewable energy underwriter and part of Ryan Specialty Group. GC&C UK said the partnership bolsters its expertise in the renewables energy sector by leading a consortium…

Howden opens Iceland office

Howden opens Iceland office

Howden opens Iceland office

Broker Howden has become the first international broker to open a branch in Iceland with its new office in Reykjavik. Howden said it has worked with clients in Iceland for many years via its operation in Finland, but the new office will provide a local service. Benedikt Elisson and Bjarni Ólafsson will head up the new branch. Mr Elisson joins…

RSA confirms Tryg and Intact in £7.2bn takeover talks to break up group

RSA confirms Tryg and Intact in £7.2bn takeover talks to break up group

RSA confirms Tryg and Intact in £7.2bn takeover talks to break up group

RSA has confirmed reports that it is leaning towards a joint takeover proposal from Intact Financial and Tryg, in a £7.2bn deal that would break up the group. Under the terms of the proposal first made at the beginning of October and now confirmed following media speculation, Intact would pay £3bn for RSA’s Canada and UK and international units. Tryg…

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio

The global P&C insurance industry produced another underwriting profit last year and a combined ratio of 97.4%, according to Aon’s 15th annual Insurance Risk Study. The figure is a slight improvement on the 98% combined ratio in 2018 and was buoyed by an overall 95.5% combined ratio in Europe. Asia-Pacific and the Americas each averaged 98%. The combined ratio was…

H&M hit with €35.3m GDPR fine for snooping on employees

H&M hit with €35.3m GDPR fine for snooping on employees

H&M hit with €35.3m GDPR fine for snooping on employees

Swedish multinational clothes retailer H&M has been fined €35.3m under the GDPR by Hamburg’s data protection commissioner for snooping and storing information on employees at one if its subsidiaries. Hamburg’s commissioner for data protection and freedom of information said the case centred around the monitoring of several hundred employees at H&M’s service centre in Nuremberg. It explained that members of…

HDI Global Specialty appoints Barenthein as MD for Scandinavia

HDI Global Specialty appoints Barenthein as MD for Scandinavia

HDI Global Specialty appoints Barenthein as MD for Scandinavia

HDI Global Specialty has appointed Thomas Barenthein as managing director of its Scandinavian branch. He also joins the executive board and replaces Mats Westerborn, who will become general manager of aviation at HDI’s Scandinavian branch. Mr Barenthein joins HDI from Inter Hannover, where he was managing director for Sweden and chief branch officer. HDI’s Scandinavian branch in Stockholm is its…

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