Risk departments in financial institutions are dramatically expanding and becoming increasingly embedded in the management of the business.
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Towergate subsidiary Paymentshield has appointed Amanda Fox as insurer relations director.
Swiss Re has moved to distance itself from reports linking the business with the sale of as stake to Italy’s Agnelli family.
The details of the Solvency II regime must be drafted correctly to ensure the legislation does not have negative consequences for insurers and their customers, Sergio Balbinot has warned.