In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an audience of energy insurers that he is not convinced offshore energy underwriters are ‘robustly managing risks.’ He added that the …
A report from A.M. Best concludes that the Canadian insurance industry “continued to improve in 2010, exhibiting strong capitalization and favorable overall profitability, aided by Canada’s relatively strong economic recovery. Although the life insurance industry is on firmer ground, its …
UK-based broker Miller Insurance Services announced that Martin Giggins has joined the firm’s Hong Kong office to spearhead the development of its financial services business in the Asia region. Giggins specializes in the production and placement of financial risks including …
Reinsurance broker Aon Benfield has sponsored the third edition of the Atlas of Natural Disaster Risk in China, a Chinese government research project that for the first time looks at how hazard, vulnerability and exposure integrate to help implement more …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has reported that “catastrophic losses in the first quarter and Solvency II are driving the need for insurers to boost their understanding of non-modeled perils.” As a result …
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 …
Aon’s annual publication of its Terrorist Risk Map has been expanded. Aon said this year’s version features areas where “political violence, strikes, riots, civil war and war threaten the sustainable growth, continuity and profitability of businesses as much as terrorism.” …
Global businesses do not understand the intellectual property risks facing their organizations or the value of their intangible assets, a new report says. Three-quarters of organizations are unable to identify the proportion of their firms’ value that could be attributed …
Aon Risk Solutions, the global risk management business of Aon Corp., in the UK, has been appointed the global insurance broker for the McLaren Group. It will be responsible for both the Group’s Formula 1 team, Vodafone McLaren Mercedes, and …
Lockton has announced the launch of a package of risk management solutions called “Enterprise Disruption Contingency Insurance designed to help companies cope with previously ‘uninsurable’ risks.” Lockton said the coverage “offers an innovative ‘umbrella solution’ for such grey area risks …
