Bulgaria News

Den Dekker Elected FERMA President

Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose mandate came to an end after four years, following …

Somali Pirates Strike Again; Hijack British, Taiwan Vessels

Pirates seized a British-owned ship and a Taiwan-registered fishing boat after taking three vessels last weekend, officials said on Tuesday, marking a jump in the number of hijackings in the waters off Somalia this year. In the first three months …

Willis Re Hosts Bulgarian Risk Management Seminar

Willis Re, the reinsurance division of global insurance broker Willis Group Holdings, recently hosted a risk management seminar in Sofia, Bulgaria “to highlight the growing challenges facing Bulgarian insurance companies and how risk management can help.” The all-day event, held …

European Risk Managers, Industry Face New and Not so New Challenges

FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the industry’s ability to compete is being jeopardized. European risk managers face the same …

FERMA Conference Opens in Geneva

More than 1200 participants assembled Monday morning at Geneva’s International Conference Center for the fifth Forum of the Federation of European Risk Management Associations (FERMA). Delegates were welcomed by Pierre-FranΓ§ois Unger, president of the State Council of the State of …

Declarations

Declarations Camera, lights, action “In addition to improvements in economic and political conditions, a number of countries are developing into attractive film locales.” — Chris Palmer, director of risk control for Aon/Albert G. Ruben and author of the annual Risks …

Declarations

Camera, lights, action “In addition to improvements in economic and political conditions, a number of countries are developing into attractive film locales.” — Chris Palmer, director of risk control for Aon/Albert G. Ruben and author of the annual Risks in …

Generali, PPF Create Joint Insurer for Eastern Europe

Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …

FERMA Urges Members to Develop Environmental Liability Products

Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It urged members to “develop products that will allow businesses to protect themselves against new …

Romania, Bulgaria Join EU; Allianz Details Bulgarian Venture’s Success

Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two countries’ new status. The EU now numbers nearly …