Posts Tagged ‘Marsh & McLennan Cos’



December 12th, 2018

14 Shades of Risks: Navigating the Risk Landscape in Asia-Pacific

Posted at 1:00 AM ET

14shades_thumbnailThe Asia-Pacific region (APAC) has become the world’s primary driver of global economic growth.

While often referred to as one economic bloc, the Asia-Pacific region is home to countries and territories that are vastly different from each other in terms of demographics, economic development stages, political institutions and cultures. This regional heterogeneity translates to a diversified set of risk concerns in different countries and territories.

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December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomas_photoCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

Thomas Herde, Guy Carpenter’s Head of Casualty Specialty Practice in Asia Pacific, says: “We may be seeing a shift in Asia Pacific as businesses in the regions now recognize the growing risk of cyberattacks and the extent of the damages they may cause.”

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November 29th, 2018

Asia Pacific: Cyber Dependency and the Increased Frequency and Sophistication of Cyberattacks

Posted at 1:00 AM ET

_offset_472526_smallIncreasing dependence on technology by businesses and cities in Asia Pacific leads to two major implications for the region, says a study by the Asia-Pacific Risk Center of Marsh & McLennan Companies, Guy Carpenter’s parent company.

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November 27th, 2018

Cyberattacks Top the List of Risks in North America

Posted at 1:00 AM ET

banner-image_editedhmj-500x500For business executives in the United States and Canada, cyberattacks are now the number one risk to doing business, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

Jeremy S. Platt, Managing Director and Cyber Solutions Specialty Practice Leader at Guy Carpenter, says: “2017 was an important year in cybersecurity because businesses around the globe learned firsthand how far-reaching and devastating a cyberattack can be on a business. Last year, WannaCry and Petya/NotPetya proved the speed and breadth at which cyberattacks were able to cause widespread disruption, damages and loss at magnitudes not previously considered.”

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November 21st, 2018

Risks from Infrastructure Shortfalls in Asia Pacific

Posted at 1:00 AM ET

_offset_472526_smallIn the Asia Pacific region, it is important to address the risk of critical infrastructure failure or shortfall, as analyzed by the latest annual report by Marsh & McLennan Companies’ Asia-Pacific Risk Center titled “From Threats to Impact - Evolving Risk Concerns in Asia-Pacific.” Continue reading…

November 20th, 2018

Guy Carpenter Names Ross Howard Vice Chairman

Posted at 1:24 PM ET

Guy Carpenter today announced a new leadership appointment from the Jardine Lloyd Thompson Group plc (JLT) reinsurance organization.  Effective upon closing of the transaction between Guy Carpenter’s parent company, Marsh & McLennan Companies and JLT, which remains subject to the receipt of certain antitrust and financial regulatory approvals, Ross Howard, Chairman of JLT Re, will become Vice Chairman of Guy Carpenter, reporting to President & CEO Peter Hearn.

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November 19th, 2018

Regional Risks for Doing Business

Posted at 1:00 AM ET

banner-image_editedhmj-500x500The recent World Economic Forum’s 2018 Executive Opinion Survey provides a snapshot of the global risks that executives say are of highest concern for doing business in their respective countries.

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November 14th, 2018

Safeguarding Development in Asia-Pacific – Upgrading Infrastructure to Match Demand

Posted at 1:00 AM ET

_offset_472526_smallIn many parts of Asia-Pacific, infrastructure development does not meet the region’s rapid economic growth and urbanization, according to the latest report by Marsh & McLennan Companies’ Asia-Pacific Risk Center. The study, titled “From Threats to Impact - Evolving Risk Concerns in Asia-Pacific,” notes a finding by Asian Development Bank (ADB) that developing countries in Asia-Pacific and central Asia will require an additional USD 22 trillion for infrastructure development to maintain economic growth and eradicate poverty between 2015 and 2030.

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November 12th, 2018

Increasing Frequency of Extreme Weather Events in Asia Pacific

Posted at 1:00 AM ET

_offset_472526_smallThe Asia Pacific may be the most adversely impacted region by the pronounced increase in the frequency of extreme weather events around the world. The Guy Carpenter Asia-Pacific Catastrophe Report 2017 projects an increase in economic losses from natural disasters in Asia, which amounted to USD 126 million a day between 2006 to 2015 (1).

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