New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

The ongoing uncertainty surrounding Brexit highlights the importance of professional risk management to prepare organisations and ensure business continuity, Ferma said this week after voicing “frustration” at the current deadlock in UK parliament. Following discussions with corporate risk managers, the federation said most risk management plans are working on the assumption of a no-deal Brexit and detailed a range of…

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…

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Dublin-based Ironshore Europe DAC (IEDAC). Hamilton is the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s. According to Hamilton: “The complementary profile of Pembroke and IEDAC’s business both accelerates the company’s goal of…

AGCS launches product recall for emerging automotive risks

AGCS launches product recall for emerging automotive risks

AGCS launches product recall for emerging automotive risks

Allianz Global Corporate & Specialty (AGCS) has launched product recall cover for UK manufacturers of automotive component parts, although the company said it will expand to other markets including North America and Asia in due course. AGCS said the product would cover buyers for expenses linked to a recall – including repair, replacement and legal defence costs – as well…

New head of global operations for Lloyd’s

New head of global operations for Lloyd’s

New head of global operations for Lloyd’s

Lloyd’s has appointed Hayley Spink as head of global operations. According to Lloyd’s, in her new role she will provide operational leadership for Lloyd’s’ internal and market-wide programmes, reporting to chief operating officer Shirine Khoury-Haq. Ms Spink joined Lloyd’s in 2007 and has served in a variety of operational leadership roles, where she has implemented and overseen Lloyd’s operations all…

Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

UK companies must ensure they have done everything possible to protect their business from Brexit or face lawsuits brought by disgruntled investors, governance expert Mactavish has warned, adding that it fears many firms are not taking this risk seriously enough…

1 2 3 132