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 …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the enhancement received from the implicit support of Allianz S.p.A.’s …
France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the idea, floated at talks …
The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business. Chairman Holly Bellingham described the new lines as a natural progression following …
This recession is costing more than jobs; it’s also costing business leaders their reputation. A new Harris/ Financial Times poll shows that the economic crisis has damaged the reputation of business leaders very badly. Large majorities of the public in …
Marsh has appointed Flavio Piccolomini as CEO of Marsh Italy and Emanuele Cordero di Vonzo as General Manager. Piccolomini joins Marsh after 18 years with Willis, where, after holding a number of different positions, he was CEO for Continental Europe. …
Last Thursday, April 23, the Willis Research Network (WRN), which is supported by Munich Re, Risk Management Solutions and Swiss Re, held a conference at the General Assembly of European Geosciences Union (EGU) in Vienna. The meeting “marks a major …
Risk Management Solutions’ latest bulletin on the devastating earthquake, which struck Italy on Monday, estimates that “at least one in four homes in the epicentral area of L’Aquila have been damaged.” RMS said its data “shows that just 20 percent …
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses from Monday’s magnitude 6.3 earthquake that struck the Abruzzo region of Italy are likely to range between €200 million and €400 million ($264 to $528 million). AIR said the “estimates …
The earthquake that struck the Italian city of L’Aquila, the regional capital of Abruzzi in central Italy, is now measured at a strong magnitude 6.3 on the Richter scale, according to Risk Management Solutions analysis of the disaster. At least …
