Resilience News

McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago

Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from Beazley in Chicago where he served as co-chair of the carrier’s …

Lloyd’s Launches Global Platform to Drive Resilience to World’s Systemic Risks

Lloyd’s, the insurance and reinsurance marketplace, is launching “Futureset,” a new global platform and community dedicated to driving greater societal and economic resilience to the world’s most challenging risks. The global platform has been developed to respond to the large …

IBHS Chief Continues to Ask Congress to Embrace Tax Credits for Climate Resilience

The Insurance Institute for Business & Home Safety has its eye on more than just helping improve safety on the roads and in homes. The climate and severe weather have also been on the IBHS radar lately. Roy E. Wright, …

Burning Down a House to Show How to Build for Wildfire Defense

After only a year into his job as CEO and president of the Insurance Institute for Business and Home Safety, Roy Wright is setting the place on fire. The IBHS conducted a demonstration in early March simulating an active wildfire …

UK Invests in Natural Disaster Hedge Fund Focused on Insurance for Developing Nations

Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain’s Department for International Development (DFID) is investing 25 million pounds ($35 million) over a 20-year period in the …

FM Global Includes Top 3 Business Risks in Global Resilience Index

FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their enterprise resilience …

Swiss Re’s U.S. Solar Power Plant is One Part of Its Climate Change Commitment

Swiss Re’s solar power installation at its U.S. headquarters in Armonk, N.Y., a 2-megawatt facility expected to be up and running by late spring 2017, is just one part of a green theme that the carrier has been writing for …

Zurich’s Sustainable U.S. Campus Is One Part of Its Green Ambitions

The voice of Zurich North America Chief Legal Officer Dennis Kerrigan swelled with pride as he described the carrier’s new headquarters in Schaumburg, Ill., and its importance to Zurich’s overall philosophy about environmental and social responsibility. The 783,800-square-foot corporate campus …

Spain’s Insurance Market has Continued to Show Resilience: A.M. Best

Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled – “Sticking to the Basics Ensures Resilience of the …

Report Sees Major Food Shortage as Climate Change Danger

Climate change reports and studies abound lately – as you will note from a previous column – but one recent report gives potentially the starkest prediction yet of what impacts climate change could have. The report from Lloyd’s of London, …