Storm Eberhard insured losses up to €1.5bn: AIR

Storm Eberhard insured losses up to €1.5bn: AIR

Storm Eberhard insured losses up to €1.5bn: AIR

Insured losses from winter Storm Eberhard will range between €900m and €1.5bn, with the majority coming in Germany, according to AIR Worldwide. AIR’s loss estimate includes property damage and business interruption. Eberhard first struck the UK, the Netherlands and Belgium on 9 March. It then moved onto Germany before heading further east to Austria, the Czech Republic and Poland. The…

Allianz names new head for Asia P&C business

Allianz names new head for Asia P&C business

Allianz names new head for Asia P&C business

Claudia Salem has been named by Allianz as the chief executive of its Asian property and casualty (P&C) business. Ms Salem joins from AIG, where she served as Singapore chief executive and head of southeast Asia. In her new role, she will be responsible for the profit and loss and functional development of the business, as well as overseeing the…

Rise of the regulators – how changing regulation is impacting cost of risk

Rise of the regulators – how changing regulation is impacting cost of risk

Rise of the regulators – how changing regulation is impacting cost of risk

Changing regulation and new approaches by regulators are a challenge for risk managers, both in terms of keeping up with the evolving regulatory environment, and the impact on the cost of risk. Zurich’s global leaders of claims for property, casualty and specialty business examine the way in which regulation is changing and how it affects companies operating globally. Change is…

JBA and IDF partner for Sri Lanka flood data provision

JBA and IDF partner for Sri Lanka flood data provision

JBA and IDF partner for Sri Lanka flood data provision

UK-based catastrophe modelling firm JBA Risk Management has teamed up with the Insurance Development Forum (IDF) to improve access to flood risk data in Sri Lanka. JBA has released its Sri Lanka Flood Model on the ModEx platform, a risk modelling service provided by Nasdaq-subsidiary Simplitium. The release comes on the back of recent collaboration between the IDF and JBA…

Charles Taylor opens new Belgium office

Charles Taylor opens new Belgium office

Charles Taylor opens new Belgium office

Charles Taylor Adjusting (CTA) has opened a new office in Belgium to handle commercial claims and develop its P&C business in Europe. The loss adjuster’s European operations specialise in construction and engineering, professional indemnity, cyber and major loss. New directors Ludwig Pauwels and Yves Thaens join the Belgian team. They will report to Andy Rice, managing director of P&C, technical…

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