Risk used to be relatively simple. If a local bakery wanted insurance, you would worry about the structure, the location, how it operated and could have a pretty good view of its risk profile. Today that same business is far more complicated and interconnected: Third party Point of Sale systems are used to process transactions … Read more
While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. During a recent market briefing, Rachel Turk, Lloyd’s chief underwriting officer, Lloyd’s, focused on five key areas that occupy her time and attention: property, cyber, US … Read more
The pictures and videos from the wake of Hurricane Helene are unfathomable. One emergency respondent said the flooding in parts of North Carolina resembles biblical devastation. I can’t imagine trying to pick up the pieces if your town, home or business was destroyed by the storm. The good news is this country is pretty good … Read more
A Gartner survey revealed that 73% of companies have added or removed production locations from their supply chain networks in the past two years. These changes have been driven by chief supply chain officers’ (CSCOs) emphasis on building resilience, agility and flexibility into their supply chains, rather than prioritizing the lowest-cost strategies. The data showed … Read more
Artemis has realized that world reinsurance firm Hannover Re is assessing its danger administration want in relation to the Ok-Cessions quota share sidecar for the second 12 months working and we’re informed different main reinsurers might also pursue this method, as firms handle their portfolios and are motivated to retain worthwhile dangers.Reinsurance sidecars are core … Read more
