XL Catlin appoints claims manager in Switzerland

XL Catlin appoints claims manager in Switzerland

XL Catlin appoints claims manager in Switzerland

XL Catlin has appointed Urs Blättler as country claims manager for Switzerland, joining the company from Partner Re where he was head of claims for Europe, Africa, Asia and Latin America. Michael Rüsch, country manager for Switzerland, said: “As a global leader in international programmes, claims are at the heart of what we sell. Urs’ experience in claims handling, as…

European heat and drought to cost agriculture sector billions, says Munich Re

European heat and drought to cost agriculture sector billions, says Munich Re

European heat and drought to cost agriculture sector billions, says Munich Re

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…

US storms drive nat cat losses in active June

US storms drive nat cat losses in active June

US storms drive nat cat losses in active June

Global catastrophes made June the most active month for natural disasters this year, with insurance claims led by more than $3bn of losses from eight recorded convective storms and flash floods in the US, according to Aon’s Impact Forecasting. Large hailstones, some the size of baseballs, and winds affected parts of the Rockies, Plains, midwest, southeast and northeast in the…

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Liberty Specialty Markets (LSM) will acquire the European insurance business of Ironshore Europe following a renewal rights agreement between the two companies, which are both part of Liberty Mutual. Ironshore’s European business – which includes contingency, construction, fine art and specie, liability, marine and personal accident lines – is currently written in Cologne, Zurich and Rotterdam. These offices will no…

Gallagher takes majority stake in Swiss broker Hesse

Gallagher takes majority stake in Swiss broker Hesse

Gallagher takes majority stake in Swiss broker Hesse

Gallagher has acquired a 65% stake in Swiss commercial broker Hesse & Partner AG and Hesse Consulting. Based in Zurich, Hesse specialises in bespoke risk and insurance for clients in industrial, manufacturing and construction, with a niche in the waste-to-energy sector. Hesse said its top team will remain in place, including chairman and founder Guido Hesse, and CEO Tanja Jung.…

Toa Re further expands in Europe with new Zurich operation

Toa Re further expands in Europe with new Zurich operation

Toa Re further expands in Europe with new Zurich operation

Another example of Japanese and wider Asia-based capital’s desire to access European insurance and reinsurance markets came this week as Toa Re, the sole domestic Japanese reinsurance group, announced the launch of Toa Re Europe based in Zurich, Switzerland. The Japanese group said it would use the new platform to accelerate plans to offer capacity to third-party non-Japanese customers, as…

European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

Business resilience to risk and disruption is highest in Switzerland, followed by Luxembourg and Sweden, finds a global index of 130 countries and jurisdictions published by FM Global. However, European countries have deteriorated when it comes to cyber resilience. Myanmar, Nigeria and Madagascar were the bottom three ranked countries in the overall index. Based on 12 measures of resilience across…

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