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…
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 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…
Aluminium manufacturer Norsk Hydro said the cyberattack that struck the company in March will cost it up to €46.4m…
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…
New research from Aon finds that 16% of terrorist attacks last year targeted or directly impacted business, with far-right extremism on the rise. Resurgent authoritarianism and nationalism have “widened fault lines between allies, and fuelled geopoliticalcompetition”, the broker adds…
Political risks are “tilted to the downside” for the remainder of this year with populism no longer a fringe issue in Europe, warns Aon in its latest risk map…
Atradius is warning that global insolvencies are set to rise for the first time in a decade with western Europe the worst hit region and UK suffering heavily from Brexit…
The cyberattack on Norsk Hydro has cost the company up to €36m in just one week, with AIG named as its lead cyber insurer…
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…