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…

Denmark updates terrorism insurance pool

Denmark updates terrorism insurance pool

Denmark updates terrorism insurance pool

There has been an update to the Danish terrorism insurance pool for non-life insurance, according to insurance premium tax specialists Impendulo. The ‘Act on a terror insurance scheme in the non-life insurance area’ will come into force on 1 July 2019. The reinsurance pool now has a total limit of DKK13.4bn. Impendulo said the scheme provides insurance coverage for property…

Chubb boosts major account client executive team in Europe

Chubb boosts major account client executive team in Europe

Chubb boosts major account client executive team in Europe

Chubb has appointed Karine Paul and Brigitte Vorrath as global client executives within its major accounts team for continental Europe. In the newly created roles, Ms Paul will manage France and the Nordic region, in addition to international accounts in the UAE and India. Ms Vorrath will manage accounts in Germany, Austria, Poland, Czech Republic, Hungary and Russia. Switzerland will…

Howden Norway acquires leading Norwegian employee benefits broker

Howden Norway acquires leading Norwegian employee benefits broker

Howden Norway acquires leading Norwegian employee benefits broker

Howden Forsikringsmegling (Howden Norway), part of Howden Broking Group, has acquired a majority share ownership in Norwegian Insurance Partner AS, an employee benefits broker, located in Bergen, Norway. According to Howden, the combined company will become a top-five broker in the country and the market leader in employee benefits. Geir Nygaard, founder and CEO, Norwegian Insurance Partner, will continue to…

Norsk Hydro finds cure for cyberattack and begins recovery

Norsk Hydro finds cure for cyberattack and begins recovery

Norsk Hydro finds cure for cyberattack and begins recovery

Norwegian aluminium manufacturer Norsk Hydro has found a cure for the cyberattack that disrupted its operations last week and flown in Microsoft experts to help restore critical systems. The ransomware attack was first detected on 19 March and Norsk Hydro’s operations were switched to manual function to isolate the virus. The company said the attack was “extensive”. Some parts of…

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