globalization News

Insurance Industry Urged to Weigh Shift to Intangible Risks

Panelists at a recent New York event hosted yesterday by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance industry to plan ahead and work to better understand how to …

ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author

Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …

Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author

First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry …

Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline

Speaking at the 3rd Asia Insurance Brokers’ Summit in Kuala Lumpur, Jose Manuel Fonseca, chairman of Brokerslink, told delegates that, in order to address global challenges, brokers and broker networks must adapt or decline. Highlighting consolidation as a major challenge, …

Commentary by Gordon Brown:* Europe Risks Going the Way of Japan

The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan. After years of hesitation punctuated by panic, Europe has finally accepted the …

World Economic Forum Warns Economic, Social Turmoil Risk Globalization Gains

The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization has brought,” the report warns. The seventh edition of the Global Risks 2012 …

Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path

Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices on four continents. “In this globalized world …

Serial Shocks Forcing World to ‘Think Long’

Thrown by a mounting series of extreme events over the past four years, global policymakers and investors are being urged to think long and prepare more systematically for the worst. Futurologists have rarely been taken more seriously by hard-nosed pragmatists …