The new coronavirus 2019 (COVID-19) pandemic is fast moving, and predicting just how it will develop in any jurisdiction is nearly impossible. That said, the actions taken by governments and the response of financial-services firms in each geography have followed a similar path. Guy Carpenter-affiliate Oliver Wyman's teams in Asia and Italy opine here on if there are lessons ... Continue Reading »
Italy
Aging Population and Automation: Which Nations Face High Risk
Patty Sung, Innovation Leader at the Mercer Global Innovation Hub and Leslie Chacko, Director at Global Risk Center, Marsh & McLennan Companies Contact The specific countries that face a high risk of automation of jobs held by older workers also tend to have projections for a rapidly aging population, according to the study The Twin Threats of Aging and Automation by Marsh ... Continue Reading »
Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives
Charles Whitmore, Managing Director Contact Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more ... Continue Reading »
GC Securities* Completes First Ever Indemnity Triggered Multi-Europe Peril Only 144A Catastrophe Bond for Assicurazioni Generali S.p.A.
GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of Principal At-Risk Variable Rate Notes, with notional principal at €200,000,000, through a newly formed special purpose vehicle domiciled in Ireland, Lion II Re DAC, to benefit Assicurazioni Generali S.p.A., an Italian insurance company and ... Continue Reading »
Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives
Charles Whitmore, Managing Director Contact Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more ... Continue Reading »
Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives
Charles Whitmore, Managing Director Contact Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more ... Continue Reading »
GC Securities* Completes 144A Indemnity Triggered Europe Windstorm Catastrophe Bond for Assicurazioni Generali S.p.A.
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of Principal At-Risk Variable Rate Notes, with notional principal at €190,000,000, through a newly formed special purpose reinsurance vehicle domiciled in Ireland, Lion I Re Limited, to benefit Assicurazioni Generali S.p.A., an Italian i ... Continue Reading »
Guy Carpenter Makes Senior Promotions
Guy Carpenter today announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has taken up the position of Chairman of the firm's Bermuda operations. ... Continue Reading »
Guy Carpenter Appoints PSG Executive for France, Iberia & Italy
Guy Carpenter announced that Dorothée Mélis-Moutafis will join Guy Carpenter as Managing Director in the firm's Property Solutions Group (PSG) with specific responsibility for France, Iberia and Italy, effective September 6, 2013. ... Continue Reading »
Italian Court Decision Encourages Strict Compliance with Industrial Safety Regulations
On December 12, 2007, there was a fire in an industrial plant in Turin that was owned and managed by ThyssenKrupp Acciai Speciali Terni S.p.a. (ThyssenKrupp), an Italian subsidiary of ThyssenKrupp Stainless group. The violent fire occurred in a cold annealing and pickling line, called APL5, where there is typically a significant amount of lubricant oil and paper, as well as ... Continue Reading »
