FM Global News

People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division

Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s …

People Moves: FM Global Names Tadmoury to Lead EMEA, APAC, Canada Operations; Rosa Promoted to CEO of MAPFRE RE, Pérez de Lema Named CEO of New Insurance Unit

This edition of International People Moves details appointments at FM Global and MAPFRE and MAPFRE RE. A summary of these new hires follows here. FM Global Names Tadmoury to Lead EMEA, APAC, Canada and Specialty Commercial property insurer FM Global …

FM Global Clients to Get Share of $350M ‘Resilience Credit’

Eligible commercial property insurance clients of FM Global will receive a share of what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. Collectively worth $350 million, the initiative follows the allocation of a $300 million …

Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims

A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said …

Taming Global Supply Chain Risks, Holistically

While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t covered for shipping delays that don’t involve physical damage. As a result, many risk experts believe that if insurance isn’t …

People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re

Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and manufacturing. Terpack joins Zurich from …

FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’

Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means to invest in climate resilience solutions. …

How Climate Change Is Fueling More Intense Global Wildfires

Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat. It’s only expected to get worse, with drought and heat waves …

People Moves: WTW Grows Relations Team; Liberty Mutual Names 3 Execs; BHSI Promotes Reid; Waters Takes FM Global Climate Post; Doroff Heads Mosaic Claims

WTW Bolsters Relations Team with 3 Appointments in North America Global insurance broker Willis Towers Watson recently announced three key appointments: Joe LaRocco has been appointed head of Industry – Broking, North America, to lead the recently established industry broking …

People Moves: FM Global Promotes Johnson and Dempsey in EMEA; Beazley Names Hiscox’s Wilson Head of Open Mkt, London; Rokstone Taps Pickard as D&F Property U/W

This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA Roles Commercial property insurer FM Global has …