Wednesday, 25 May 2016

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Ferma and CRE launch European Risk Management Awards to drive profession forward

We are delighted to announce that Ferma and Commercial Risk Europe will jointly launch the European Risk Management Awards this November to help raise the profile of the risk and insurance management profession, highlight its value and raise standards.

XL Catlin poaches Lloyd's CRO Sean McGovern

Lloyd's chief risk officer (CRO) and general council Sean McGovern is moving to XL Catlin as chief compliance officer and head of regulatory and government affairs.

Generali's global corporate unit takes new structure

Generali's main board has approved a review of the Italian insurer's group structure proposed by new CEO Philippe Donnet who recently replaced Mario Greco after he took on the job of revitalising Zurich.

DVS and Bfv merge as consistency of global programmes tops agenda

The German risk and insurance management association (DVS) and the German association of in-house insurance brokers (Bfv) have merged to create one representative body for the national risk and insurance management community, called the Gesamtverband der versicherungsnehmenden Wirtschaft e.V. (GvW).

ELD is falling short, concludes EC probe

A European Commission (EC) review of the Environmental Liability Directive (ELD) has concluded that the directive is not achieving its aims, but the focus will be on improving its implementation rather than revision for now.

London market casualty reserves inadequate for 2015 finds PwC

The London insurance and reinsurance market is in danger of running into reserving problems for casualty business written in 2015 because reserves were based on price assumptions that simply did not materialise, PwC has warned.

Liability market reacts to Mossack Fonseca data breach

A rash of claims and high profile data breaches have highlighted the issue of cyber risk for professional service companies, with many now looking to top up their professional liability insurance with standalone cyber cover.

AGCS posts "solid" first quarter and regional leadership changes

Allianz Global Corporate & Specialty (AGCS) has published its standalone first quarter results that showed solid top line growth, a lower combined ratio and higher operating profits.

Corporate round-up

Marsh names Nick Durant as global captive leader, Chubb launches suite of transactional risk liability products, XL Catlin hires Liberty's Oliver Newick as energy, property and construction claims leader and Barnett Waddingham expands Business Risk division with appointment of Marc Spurling.

Catlin joined by impressive group of insurance CEOs to lead IDF

Stephen Catlin, chairman of the Insurance Development Forum (IDF), the body recently formed by the UN and World Bank to try and help bridge the global protection gap in the face of rising worldwide catastrophic risk, this week announced the appointment of a group of leading international insurance CEOs to serve on its steering committee.

Oil price and political risks hit country supply chain resilience

Sharp declines in the price of oil and increased political risk have seen a number of countries slip down FM Global’s supply chain resilience index.

    Parima teams up with Lloyd’s to meet thirst for risk management education in Asia Pacific

    Parima, the Pan-Asia Risk and Insurance Management Association, has announced this week at its conference in Kuala Lumpur, Malaysia, that it has teamed up with Lloyd’s as its education partner.

      Half of large UK firms yet to tackle cyber threat

      Research from the UK government found many companies are failing to address cyber risk, even though it revealed that almost two thirds of large companies have suffered a cyber breach or attack in the past year.

        Beware wounded animals: Greenberg

        Evan Greenberg, chairman & chief executive officer of Chubb, went as far as he could to assure analysts during the group’s first quarter analyst call last week that it was winning business from rivals going through tough times.