Munich Re returns to strong profit in 2018 as ERGO performs well

Munich Re returns to strong profit in 2018 as ERGO performs well

Munich Re returns to strong profit in 2018 as ERGO performs well

Munich Re recorded €2.28bn profit last year, following 2017’s nat cat-hit €392m. The company’s numbers were boosted by primary business ERGO, which exceeded targets to book €412m of profit; and its reinsurance business, which recorded profit of €1.87bn – up from €120m in 2017. Munich re said ERGO put in a “very good operational performance” for the year, particularly in…

BGC completes Ed Broking buy

BGC completes Ed Broking buy

BGC completes Ed Broking buy

Broker BGC has completed the acquisition of Lloyd’s broker Ed Broking Group, which will now become part of BGC’s insurance division that was formed in 2017 with the acquisition of Besso Insurance Group. CEO of Ed Broking Steve Hearn will become head of BGC’s insurance division and report directly to Shaun Lynn, president of BGC Partners. Ed Broking will add…

UK and Ireland leaders named for Marsh JLT Specialty

UK and Ireland leaders named for Marsh JLT Specialty

UK and Ireland leaders named for Marsh JLT Specialty

Marsh has named key UK leaders of its future Marsh JLT Specialty business, which will be formed when Marsh & McLennan Companies acquires JLT. Along with a raft of other global and European appointments, Marsh announced earlier this week that Chris Lay will remain CEO of Marsh UK and Ireland, while Paul Moody will become head of Marsh-JLT Specialty for…

US-China trade war and changing world order top business risks in 2019: Control Risks

US-China trade war and changing world order top business risks in 2019: Control Risks

US-China trade war and changing world order top business risks in 2019: Control Risks

There will be little time for multinationals to mourn the end of the post-war liberal consensus that brought about globalisation, as the developing US-China trade war, and the story it foretells about a new world order, becomes the defining geopolitical risk in 2019, according to Control Risks…

Business must better engage with politics to mitigate risks such as Brexit

Business must better engage with politics to mitigate risks such as Brexit

Business must better engage with politics to mitigate risks such as Brexit

Businesses in Britain are having to face up to political risk and need to learn to engage with politics and politicians to mitigate growing threats, according to Sir Mark Boleat, former policy chairman at the City of London Corporation. But he warned many companies are failing to step up to the mark. Speaking at the Institute of Risk Management’s (IRMs)…

Belgian firms say world becoming more unstable

Belgian firms say world becoming more unstable

Belgian firms say world becoming more unstable

Some 80% of Belgian corporates believe the world is becoming increasingly unstable, according to a new poll by business magazine Trends for the Credendo Trade Forum, and 85% said the European Union should take measures to protect its businesses, up from 75% last year. At the same time, the poll by trade credit insurer Credendo found 79% believe protectionist measures…

1 2 3 10