European commercial prices continue upward trend led by property: Marsh

European commercial prices continue upward trend led by property: Marsh

European commercial prices continue upward trend led by property: Marsh

Prices for continental European commercial insurance coverage increased for the third consecutive quarter, as average commercial insurance pricing rose nearly 6% globally in second-quarter 2019, according to global broker Marsh. The latest Global Insurance Market Index published by the broker reports the largest increase since the survey began in 2012, and the seventh consecutive quarter of average pricing increases in…

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance M&As at highest level since 2015, says Clyde & Co

Global insurance industry mergers and acquisitions (M&A) have increased by 13% in the first half of 2019, the highest level since 2015, according to Clyde & Co’s Insurance Growth Report mid-year update. The first half of 2019 saw 222 completed deals worldwide, up from 196 in the second half of 2018, the biggest increase in the volume of transactions since…

Ryan Specialty Group opens transactional risk office in Barcelona

Ryan Specialty Group opens transactional risk office in Barcelona

Ryan Specialty Group opens transactional risk office in Barcelona

Ryan Specialty Group (RSG) is to open an office in Barcelona focusing on transactional risk insurance. RSG called it “the next step in the evolution of the company’s transactional risk business, expanding both geographically and by product offering”. The office will be led by Luc Joordens and Marta Batalla, supported by Luis Feijoo and Isabel den Hollander. RSG said these…

Seguradoras Unidas acquisition strengthens Generali’s presence in Portugal

Seguradoras Unidas acquisition strengthens Generali’s presence in Portugal

Seguradoras Unidas acquisition strengthens Generali’s presence in Portugal

Generali has become the second largest non-life group in Portugal with the acquisition of Seguradoras Unidas, in a move that aims to strengthen Generali’s leadership in Europe, said the insurance group. Generali now has a share of 18.7% in Portugal’s non-life insurance market. Generali has signed an agreement for the acquisition of 100% of the company Seguradoras Unidas and the…

Sedgwick adds to Spanish team

Sedgwick adds to Spanish team

Sedgwick adds to Spanish team

Sedgwick has boosted its team of loss adjusters in Spain with appointments to its Barcelona, Madrid, Seville and Valencia offices. Fernando Leal has been appointed to lead the development of Sedgwick in Catalonia. A textile engineer, Mr Leal has worked for more than eight years as a loss adjuster for national companies specialising in industrial and machinery claims, as well…

Severe European weather in June expected to costs insurers at least €1.24bn: Aon

Severe European weather in June expected to costs insurers at least €1.24bn: Aon

Severe European weather in June expected to costs insurers at least €1.24bn: Aon

Severe weather events across Europe last month caused at least €1.42bn of economic damage, with insurance expected to cover about €1.24bn of the losses, according to Aon. In its latest Global Catastrophe Recap report, the broker says that weather between 10 June and 12 June resulted in large hail, strong gusts of wind and intense rainfall across multiple countries in central…

Igrea’s president urges insurers not to ‘overreact’ in hardening market

Igrea’s president urges insurers not to ‘overreact’ in hardening market

Igrea’s president urges insurers not to ‘overreact’ in hardening market

The new president of Spanish risk management association Igrea, Daniel San Millán, has urged insurers not to “overreact” to hardening market conditions, while advising risk managers to be ready to retain more risk via their captive if things get rough. Mr San Millán, who was elected for a second stint as president of Igrea in May, also stressed that tougher…

Risk managers say insurers are failing Portuguese companies on workers comp

Risk managers say insurers are failing Portuguese companies on workers comp

Risk managers say insurers are failing Portuguese companies on workers comp

Insurers are failing Portuguese companies by not providing insurance solutions for workers’ compensation risks, a mandatory cover in the country, according to leading risk managers. The problem is particularly acute for state-controlled companies, an important segment of Portugal’s business world that must follow competitive procurement rules to purchase insurance. “In the public sector, workplace accident insurance tenders are empty. Even…

Fast-changing business environment demands acrobatic risk management skills

Fast-changing business environment demands acrobatic risk management skills

Fast-changing business environment demands acrobatic risk management skills

Risk managers need to develop balancing skills that would not be out of place in a circus if they are to succeed in today’s ever more challenging environment. But being able to walk the organisational tightrope is not enough. They are also expected to continually upgrade their knowledge to keep pace with external risks faced by companies. These were some…

ESG and cyber risks create communication challenge for risk managers

ESG and cyber risks create communication challenge for risk managers

ESG and cyber risks create communication challenge for risk managers

As companies become more exposed to cyber and environmental, social and governance (ESG) risks, risk managers must step up to new challenges. Among other things, they must learn to communicate about subjects that, until recently, were not part of their daily jobs. The challenge is compounded by the fact that ESG topics often appear unrelated to a company’s balance sheet,…

1 2 3 22