The massive european and global construction market continues to grow and offer corporates and their insurers a rich vein of income. However, the risks are complex, fast evolving and demand professional and coordinated risk management. Insurance capacity remains plentiful and rates competitive, but risk and insurance managers can expect a tougher stance from carriers over time as margins narrow. Adrian…
The world’s most popular weed killer, Glyphosate, is being placed under the microscope by scientists, regulators and plaintiff lawyers. Despite four decades of widespread commercial and domestic use on the assumption it was safe, there has been recent increased worldwide concern about myriad potential health effects from exposure to the substance. A test case in California has hit the headlines…
The heatwaves, droughts and forest fires currently affecting swathes of Europe will cost the agriculture sector billions of dollars with entire harvests lost in some cases, Munich Re warns. According to the reinsurer, the grain harvest in Germany is likely to be down more than 10% on the long-term average as a result of the hot and dry weather. Total…
The fast-paced construction industry is invariably linked to demographics, housing, transportation and energy – a link even stronger in developing economies. With an expected 4.2% compound annual growth rate, the global construction industry is expected to catapult to $10.5trn by 2023. The biggest reason behind this growth is an increased demand for both housing and infrastructure to service a population…
On 15 March 2018, the US Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) released a joint technical alert on Russian government cyber activity targeting organisations in the energy, marine, aviation and other manufacturing sectors. This DHS and FBI technical alert seeks to educate network defenders and enhance their ability to identify and reduce exposure to…
In its New Deal for Consumers package announced last month, the EC put forward plans to introduce pan-European Union collective redress and penalties of up to 4% of annual turnover for organisations that fall foul of consumer law, among other measures. The proposed pan-European collective redress system was criticised by various stakeholders for being tougher on business than many feared…
As noted in our previous article on 4 May, US President Donald Trump threatened last January to withdraw from the Joint Comprehensive Plan of Action (JCPOA) if he did not think its flaws could be fixed. While the JCPOA does not contemplate withdrawal of a party, we suggested that, to President Trump, ‘withdrawal’ might mean reinstatement of all US sanctions…
HDI Global is once again sponsor of our annual European Risk Frontiers survey of Europe’s leading risk managers. Alongside each national discussion with risk managers, we are also interviewing a senior executive from HDI to hear the insurer’s view on this year’s questions. Dirk Schilling, head of casualty guidance and captive services at HDI, gave Commercial Risk Europe editor Adrian…
Kenneth Travers, technical hazards team and global business impact specialist at AIG, took part in the panel discussion on risk identification and modelling at Commercial Risk Europe’s supply chain risk conference in London at the end of last year. As we prepare for this year’s event that will be held in London on 10 and 11 December, we asked Mr…
On 12 January this year, US President Trump announced his intention to not renew US sanctions waivers that underpin US participation in the Joint Comprehensive Plan of Action (JCPOA) for Iran if that agreement’s “terrible flaws” are not fixed. President Trump has also said that if he believes fixing the JCPOA is not within reach, he would withdraw from it.…