Geopolitical
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Do you, as a risk manager, know the key thing you are trying to protect?
As the world becomes more complex and change speeds up, risk managers will increasingly need to ensure their organisations are…
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Insurance market hardening into 1 January renewals
Insurance buyers in Europe face a hardening market in early 2020 renewals for many risks, but they are not looking…
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EU under threat without reform: Verhofstadt
The future of the European Union is at risk unless its institutions urgently reform, Guy Verhofstadt, former Belgium prime minister…
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Pioneer closes Lloyd’s syndicate
Pioneer Underwriters will close its Lloyd’s syndicate 1980 for the 2020 year of account, because the cost of capital is…
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Politically motivated cyberattacks most severe geopolitical risk, survey finds
Politically motivated cyberattacks cause the most severe disruptions of all geopolitical risks for organisations across the world, according to survey…
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Risk management lags increasing unpredictability, finds QBE
Political risk is making the world a more unpredictable place to do business, yet many companies are failing to plan…
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Beazley boosts Asia-Pacific expansion plan by taking 30% stake in Hong Kong’s Pegasus
Specialist Lloyd’s-based insurer Beazley has followed up its announcement made earlier this week about its Asian expansion plans, by revealing…
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Gallagher buys Swedish broker Proinova as it targets Scandinavia
Gallagher has bought specialist Swedish broker Proinova for an undisclosed fee. Proinova specialises in the real estate sector and has…
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‘Risk premium’ rises in Middle East after drone attacks
Attacks against oil installations in Saudi Arabia at the weekend place an additional “risk premium” on the Middle East and…
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Growing demand for multinational insurance despite headwinds
Demand for multinational insurance programmes continues to rise despite mounting anti-globalisation sentiment and protectionism, with captives, mid-sized companies and firms…
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AIG to affirm or exclude cyber cover in P&C policies from January 2020
AIG announced yesterday that, as of January 2020, virtually all of its commercial property and casualty policies will begin affirmatively…
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Political risk capacity rides high at more than $3bn
Capacity for political risks is riding close to an “all-time high” at $3.09bn and is also strong for buyers in…
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Corporate debt dynamics increase risk of hard landing for China’s economy
Recent efforts by the Chinese government to cushion its economic slowdown, partly sparked by the trade dispute with the US,…
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US firms Travelers and Berkley report rising insurance rate increases
US insurers Travelers and WR Berkley said rate increases are rising as they delivered solid second-quarter and half-year results. Travelers…
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New credit and political risk underwriter for Canopius Asia-Pacific
Global specialty (re)insurer Canopius has appointed Jamie Jeffers as underwriter, credit and political risk, Canopius Asia-Pacific. The appointment is effective…
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Insurance costs to rise as two more tankers hit in Gulf of Oman
Two further torpedo attacks on oil tankers in the Gulf of Oman that left one vessel ablaze and both adrift…
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Business risks rocked by political uncertainty: PwC CEO survey
Government-related threats, led by overregulation, are dominating the top ten risk list for CEOs, with policy uncertainty and trade conflicts…
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Rising concern over geopolitical risks and growing interest in transfer option
As geopolitical risks fly up the risk management agenda, Willis Towers Watson has found lively interest in its new suite…
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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…
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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…