Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate conflicts higher than it has been for decades, warns Risk Advisory’s Strategic Outlook 2021. The risks consultancy’s report says that the global security and geopolitical outlook is broadly worsening this year in North America, west and central Africa, south Asia…

Spanish brokers see light at end of tunnel for risk managers in hard market

Spanish brokers see light at end of tunnel for risk managers in hard market

Spanish brokers see light at end of tunnel for risk managers in hard market

Spanish companies must gear up for a difficult series of renewals in 2021, but negotiations may be not as traumatic as in the past two years, according to leading Spanish brokers. Even though buyers face a less dramatic hard market than their peers in other European countries, things are dire for Spanish firms in some lines, such as D&O and…

RSA agrees £7.2bn sale to Intact and Tryg

RSA agrees £7.2bn sale to Intact and Tryg

RSA agrees £7.2bn sale to Intact and Tryg

RSA has agreed a £7.2bn sale to Intact Financial and Tryg that will see the insurer broken up. Scandinavian insurer Tryg will pay £4.2bn for RSA’s Swedish and Norwegian business. The deal will also see it co-own RSA’s Danish business, Codan, with Intact. Canadian firm Intact will pay £3bn to acquire RSA’s Canada, UK and International operations. The joint bid…

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics and infectious diseases have unsurprisingly jumped above climate change and cyber risk to become the number risks during the next five to ten years, in AXA’s 2020 Future Risks Report and survey. The report is based on a global poll of more than 2,600 experts from the world of risk management and insurance. In addition, just short of 19,000…

Multinationals face heightened Covid-19 fuelled political and civil unrest

Multinationals face heightened Covid-19 fuelled political and civil unrest

Multinationals face heightened Covid-19 fuelled political and civil unrest

Multinational companies must beware of growing civil unrest across the world this year and into 2021, particularly in countries with populist governments, as Covid-19 ramps up already rising tensions, warned speakers at Commercial Risk’s global programme conference. Ludovic Subran, Alianz’s chief economist, said there is heightened risk of social unrest in the US this year as it goes to the…

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…

AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals

AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals

AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals

A new AMRAE report finds that the French insurance market is now hard pretty much across the board and warns of “rising tensions” as we enter what it predicts will be a “bitter” renewal season. A graphic included in the association’s annual State of the Market provides a worrying illustration of how gloomy the picture looks right now for French buyers. The graphic’s…

German insurers defend price rises after years of losses

German insurers defend price rises after years of losses

German insurers defend price rises after years of losses

Leading German industrial insurers used a panel debate at the close of last week’s virtual GVNW Symposium to justify rising premiums of up to 30% and limited capacity, as some risk managers struggle to complete their programmes. “It is well known that industrial lines have seen losses in recent years – there has to be a reaction,” said Henning Haagen,…

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Pandemic fuelled political risks rise in every country during H1, says Marsh JLT

Political risks increased in every country across the world during the first half of 2020 as the Covid-19 pandemic accelerated social unrest and economic fallout, according to Marsh JLT Specialty. Publishing a mid-year update to its Political Risk Map, Marsh JLT said all 197 countries it tracks recorded higher risk scores by the end of July than the beginning of…

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon

More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists, finds Aon’s latest terrorism and political violence risk map. The map, produced in partnership with Risk Advisory, also shows that the risk of civil commotion is on the rise in advanced economies and is being exacerbated by Covid-19. Aon’s overall…

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