Latest Emerging Risks Headlines
All the headlines from our Emerging Risks Topic Page, ordered by recency.
Opinion: Financial Regulation Reform Risks Overkill in Emerging Markets
May 24 2011 // There is no doubt that some of the busiest people since the financial crisis are at the Financial Stability Board. The G20 recommendations have been wide ranging, from private sector practices such as compensation schemes...
RSA Group’s Q1 Interim Statement Shows Steady Growth
May 16 2011 // The UK’s RSA has released its “Interim Statement” for the first quarter of 2011, confirming the Group’s steady growth. Highlights of the report were listed as follows: • Net written premiums of...
RSA Appoints Colahan as New Hong Kong Chief Executive
Apr 5 2011 // RSA announced the appointment of Chris Colahan as its new Chief executive in Hong Kong. He previously served as country manager of RSA’s retail business in Singapore, and will replace Chris Dooley, who is moving to...
Cooper Gay Swett & Crawford Posts Combined Results; EBITDA $68 Million
Mar 31 2011 // The Cooper Gay Swett & Crawford Group (CGSC) has released its first combined results since the two brokers completed their merger agreement last July. The Group reported Fees and commissions of $340 million, underlying...
2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
Mar 29 2011 // According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in 2010, more than triple the 2009 figure of $68 billion. The losses cost the...
Alliant Issues New Report on Insurable Risks in 175 Countries
Mar 21 2011 // The Markets Group of Alliant Insurance Services has compiled a comprehensive report – the 2011 Global Macro Risk Ratings – which examines the the insurable political and economic risks in 175 countries. Alliant...
RSA Posts Strong Results Despite Extreme Weather
Feb 24 2011 // The UK-based RSA Group (formerly Royal & Sun Alliance) came through 2010 with a good earnings performance, despite what its report described as “extreme weather conditions.” RSA summarized the highlights as...
Swiss Re’s Economic Forum Sees Continued Growth, Pressure and Risks
Dec 8 2010 // Swiss Re’s Economic Forum singled out three main factors that will continue to affect the re/insurance market in 2011. The Forum’s economists forecast “continued global economic expansion in 2011, led by...
Lloyd’s Chairman To Discuss Emerging Risks on Dec. 2
Nov 24 2010 // “Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus,...
Aon Stresses Actuaries ‘Critical Role’ for Emerging Risks
Nov 9 2010 // In its presentation at the 17th General Insurance Seminar at the Gold Coast in Australia, Aon Benfield highlighted the critical role of actuaries in managing emerging risks for the re/insurance industry. “The...
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
Firms Lose More to Electronic Fraud than Physical Theft
Oct 18 2010 // Companies for the first time report they are losing more through electronic theft of data than physical stealing of assets, risk consultancy Kroll said on Monday in an annual report on international fraud trends. Fraud was...
Swiss Re Economists See Gradual Recovery; Regulation Concerns
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Lloyd’s Chairman, Lord Levene, Addresses NATO Meeting
Jul 8 2009 // Lloyd’s of London Chairman Lord Peter Levene addressed a major security conference in Brussels on Thursday. The meeting, held under the aegis of NATO Secretary General, Jaap de Hoop Scheffer, aims to redefine...
G20 Seals $1.1 Trillion Deal
Apr 3 2009 // World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama...
Wholesaler Innovation Helps Close the Gaps
Jan 25 2009 // E&S Exists to Provide Coverage for Unique and Emerging Risks Before the 1980s, employers bore all the risks associated with employment litigation. As this litigation and the financial costs associated with employee...
Corporate Fraud Scandals Can Detonate Anywhere
Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe. Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...
Aon Highlights ‘Emerging Risks’ for UK Businesses
Dec 17 2008 // Aon has issued a warning from its London office to UK companies, which indicates that they may “face new insurance claim burdens in 2009 with fraud on the increase and spiraling legal fees.” Aon also said that,...
Swiss Re Sees ‘Severe Recession;’ Insurers Should Preserve Capital
Dec 10 2008 // At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that...
Swiss Re <em>sigma</em> Report Analyzes Emerging Markets, Takaful
Dec 3 2008 // Swiss Re’s newly released sigma study explores the latest developments in the insurance sector of emerging market economies, with a special focus on the growing market for takaful, a form of Islamic insurance. Swiss...
