International News

People Moves: Allianz X, Chubb, CNA, MEMIC

Borchers Appointed CEO of Allianz X The recently established unit Allianz X has won Peter Borchers to become CEO as of October 1, 2016. Peter Borchers is one of the most experienced and highly respected leaders in the area of …

Sharing Economy, Joint Employer Definition Add to Increasing EPLI Exposure

The sharing economy has blurred the line between employees and independent contractors, according to experts who spoke during Marsh’s New Reality of Risk webinar yesterday. The webinar, Managing Wage and Hour and Employment Practices Risks, focused on how employers can …

Business Moves: XL Catlin, General Star, Property Drone Consortium

XL Catlin Boosts Global Property Insurance Capacity to $400M To accommodate increasing property values around the world and more complex risks, XL Catlin extended its global property insurance capacity to $400 million (USD), a more than 25 percent increase from …

Researchers Say Ocean Warming is Staggering, Risk Assessments Necessary

A new published report on ocean warming, issued this week at the World Conservation Congress, makes clear the scale of ‘ocean risk’ for the first time. The International Union for Conservation of Nature (IUCN) report, funded by global (re)insurer XL …

Study Reveals Collective Interviewing Could Reduce Deception in Crime Probes

“Who broke Grandma’s favorite vase?” As you listen to a chorus of “I don’t know” and “Not me,” how will you determine the culprit? Conventional wisdom says, divide and conquer, but what does scientific research show us about questioning a …

Study Suggests Man-Made Global Warming May Have Begun Decades Earlier

Man-made global warming may have started a few decades earlier than scientists previously figured, a new study suggests. Instead of the late 1800s, a slight almost imperceptible warming can now be tracked to around the 1850 in North America, Europe …

Italy Investigates Possible Building Code Fraud After Quake

Bulldozers with huge claws pulled down dangerously overhanging ledges Sunday in Italy’s quake-devastated town of Amatrice as investigators worked to figure out if negligence or fraud in building codes had added to the quake’s high death toll. The quake that …

Business News: FM Global, Kustom US, Foresight Medical

FM Global Breaks Ground on $80M Loss Prevention Training and Operations Center in Singapore FM Global, a commercial and industrial property insurer, broke ground on the construction of a new loss prevention training and operations center, located in the Singapore …

Reinsurers’ Catastrophe Defenses Weakened by Hedge Funds

It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …

Business News: BSI, American Integrity

BSI Acquires Atrium British Standards Institution (BSI), the business standards company, has acquired Reston, Virginia-based Atrium Environmental Health and Safety Services LLC to expand its environmental health and safety (EHS) Services and Solutions footprint to the US East Coast. The …

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