Dutch risk managers warn colleagues to prepare for sustained hard market

Dutch risk managers warn colleagues to prepare for sustained hard market

Dutch risk managers warn colleagues to prepare for sustained hard market

Leading Dutch risk managers have warned fellow risk and insurance managers across Europe that, in their view, the commercial market is definitely hardening and is likely to continue. There is also rising concern about the appetite of the leading insurers for global programmes business. The risk managers said the best response to the hardening market is to continue in the…

Donnie DiCarlo joins BPL Global from Marsh

Donnie DiCarlo joins BPL Global from Marsh

Donnie DiCarlo joins BPL Global from Marsh

BPL Global has appointed Donnie DiCarlo as executive vice-president. He joins BPL Global after ten years as senior vice-president of Marsh’s credit specialties group, and will be based in New York. BPL Global, an insurance broker specialising exclusively in credit and political risk insurance, said Mr DiCarlo is charged with expanding the broker’s client base in the US and the…

Willis Towers Watson launches $1bn PRI facility

Willis Towers Watson launches $1bn PRI facility

Willis Towers Watson launches $1bn PRI facility

Willis Towers Watson has launched a political risk insurance programme supported by more than $1bn of market capacity. The new programme targets large global clients that may have existing assets or are considering future investments overseas. The programme is supported by a bespoke modelling and analytical tool called VAPOR (Value at Political Risk), which was developed in partnership with Oxford…

Willis joins programme to boost resilience to geopolitical risks

Willis joins programme to boost resilience to geopolitical risks

Willis joins programme to boost resilience to geopolitical risks

Willis Towers Watson has joined the Royal United Services Institute’s (RUSI) Modern Deterrence Programme, which aims to increase resilience to geopolitical instability in western societies. The programme brings together governments, the private sector and civic society to tackle the changing nature of geopolitical threats. The Willis Research Network will engage with the four-year-long RUSI programme, supporting the platform and research…

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services. Liberty Mutual has signed a definitive agreement with AmTrust, a multinational property and casualty insurer specialising in coverage for small to mid-sized businesses. It added that the agreement supports its goal of becoming a top three global commercial (re)insurer. Terms of the deal were not disclosed. Liberty Mutual will acquire four AmTrust businesses:…

Political risk continues to climb the agenda, but  where are the risk managers?

Political risk continues to climb the agenda, but where are the risk managers?

Political risk continues to climb the agenda, but  where are the risk managers?

Whenever we carry out discussions with risk managers as part of our annual European Risk Frontiers survey, the inevitable first question is often: so, what are the big risks that keep you and your bosses awake at night? Having tackled that big question, the next natural question is: so, what is the most effective way to identify, measure and manage…

Eberhard ends European season as costliest storm: Aon

Eberhard ends European season as costliest storm: Aon

Eberhard ends European season as costliest storm: Aon

Last month saw global flooding losses total $8bn, while Eberhard was the costliest of the European windstorm season, according to the latest catastrophe report from Aon. Aon said Eberhard swept through western and central Europe, causing widespread damage. It resulted in tens of thousands of property claims and killed two people. Aon said economic and insured losses, mainly in Germany,…

Australian mining firm wins $55m insurance payout

Australian mining firm wins $55m insurance payout

Australian mining firm wins $55m insurance payout

Kingsgate Consolidated, an Australian mining firm, has been awarded a $55m payout from a political risk policy it has with Zurich Insurance Australia, over the closure of its goldmine in Thailand. The goldmine, based in Chatree in the Thai provinces of Phichit and Phetchabun, is the largest in Thailand, with more than 1,000 employees. It was shut down in December…

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