Aign 2018 Print-220X280mm.Indd 1 2/7/2019 5:07:26 PM AFF 22816 003 TM Residencial Cooperativismo 220X280mm Ingles.Indd 1 2/4/19 5:37 PM

Total Page:16

File Type:pdf, Size:1020Kb

Aign 2018 Print-220X280mm.Indd 1 2/7/2019 5:07:26 PM AFF 22816 003 TM Residencial Cooperativismo 220X280mm Ingles.Indd 1 2/4/19 5:37 PM Final_Ad_220x280mm.pdf 1 2/19/19 3:04 PM Our team takes care of the risk so you can take care of business. As an innovative global provider of specialty insurance and reinsurance products, we are focused and committed to helping our clients achieve success. C M Y CM MY CY CMY K Learn more: argolimited.com Bolder together XL is now part of the AXA family. A bold new force of expertise and leading technology to reinvent solutions for even your most complex risks. So if you’re moving your business and the world forward, we’re the partner to help you do it. Find out more on axaxl.com AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. AXA, the AXA and XL logos are trademarks of AXA SA or its affiliates. © 2018 AXA SA or its affiliates. Brand campaign 2018_Print-220x280mm.indd 1 2/7/2019 5:07:26 PM AFF_22816_003_TM_residencial Cooperativismo_220x280mm_Ingles.indd 1 2/4/19 5:37 PM Editor’s letter he famous song “When I’m 64”, released in 1967 by the Beatles, that went like “will you still need me, will you still feed me, when I’m sixty four?”, stated that by that time people were old. Not anymore. Now, at 64, people are still at their prime, working hard, with teenage children, beginning new relationships, avidly learning and most of all enjoying life. This is but one of the many issues we will tackle in our Technical dossier about “Health Management”. With people living longer – much longer – and a decreasing number of births, we ask ourselves about the sustainability of Health systems around the world; questions to which our panel of experts from Europe, Asia and Latin America have tried to answer. But we have gone further: we will tell you how telemedicine is changing the access to medical care; how insurers and reinsurers are facing these challenges; how the Internet of Things and Artificial Intelligence are changing the Health Management landscape and how during this millennium humankind may well achieve its most sought out desire – immortality. But you will find so much more in fullcover 12. I had the opportunity, along with Jamie Crystal, to meet and talk to Brian Duperreault, AIG TPresident and CEO about his 40 plus years in the insurance industry, his long history in the company, the centennial anniversary and AIG and Brokerslink long term relationship. Talking about experience and leadership, we’ll share with you a preview of our second “Faces of Insurance” book, on Jayme Garfinkel. You will get to know the chairman of the board of directors of Porto Seguro, one of Brazil’s leading insurers. From Brazil we take you to Africa, to meet Pathé Dione, founder and Chairman of SUNU Group, and learn more on his contribution to change the African insurance landscape; and to the Philippines, to tell you the story of Trinity and its founder and CEO Sid Garcia, a dear friend and great ambassador of Brokerslink. Finally, we bring you a dossier on José Manuel Fonseca Unit-Linked, still a bit unknown but very interesting savings tool MDS Group CEO within life insurance solutions. In a world where disruption has become the norm, knowledge is key more than ever. That’s why we bring you the latest news, the best practices and the opinions of renowned experts. Understanding problems is halfway to tackling and solving them. This has always been and will continue to be our mission – to share knowledge about risk and insurance and in doing so contribute to a better mastering of our world and the risks that surround us. 5 42 05 32 Is cyber insurance Editor's letter IRB Brazil RE relevant for my client yet? Interview with José Carlos Cardoso by David Dickson 08 37 UNA Seguros Brian Attracting foreign investment 46 Duperreault Jayme Interview with AIG President & CEO Garfinkel 38 in conversation with Jorge Luzzi Fidelidade Portuguese insurance leader 24 invests in Peru Combining 53 Forces Interview with Claudio Sonder 40 Dossier Health Cyber risks within supply chains Management by Mauro Signorelli “No” Country for Old Men 28 Healthcare and the Ageing Population The Longevity Challenge Argo Group Cutting Edge Research with Matt Harris Telemedicine at a Tipping Point Artificial Intelligence Immortality: Fact or Fiction? The Internet of Things Ageing – a Challenge or Threat? Is there any future to Health insurance? Director José Manuel Fonseca • Editor in Chief Paula Rios • Associate Editors Liliana Baptista • Susana Neiva • Editorial Committee Aline Casemiro • Beatriz Cabral Luciana Gonçalves • Contributors Alex Wise • Ana Mota • Angélica Carlini • Benedetta Cossarini • Brian Duperreault • Carlos Nueno • César Rodriguez • César Silvestre Claudio Sonder • David Dickson • Déborah Gnagne • Fabio Oliveira • Fátima Carneiro • Francesca Breeze • Guilherme Salgado • Gustavo Quintão • Inge De Wolf • Jamie Crystal Jayme Garfinkel • Jean-Louis Davet • João de Macedo • João Espanha • Jorge Luzzi • José Carlos Cardoso • Josef Brem • Julie Lim • Leonor Futscher de Deus • Mafalda Moreira Marc Subirats • Maria do Carmo Fonseca • Maria Inês Martins • Mario Saddy • Mário Xicato • Matt Harris • Mauro Signorelli • Miguel C Reis • Nuno Leitão • Pathé Dione Pedro Carvalho • Ralph Mucerino • Ricardo Sales • Sid Garcia • Stefano Bellandi • Taiza Ferreira • Thiago Tristão • Title THE FULLCOVER • Edition Number 1st edition (FULLCOVER 12) Publisher MDS Group • Place of Publication Porto • Date of Publication April 2019 • Circulation 4500 • Design Dobra • Printing & Finishing Lidergraf Sustainable Printing Legal Deposit 374241/14 • ISSN 2184-1136 86 100 133 White Labelling Environmental Expertise and Liability in Angola Dossier Speed to Market By Mário Xicato by César Silvestre Unit-Linked An overview A flexible and transparent solution A wealth structuring solution 88 An efficient investment The new distribution regime Thriving in the digital age 102 by Stefano Bellandi SUNU Group Interview with Pathé Dione 146 90 MDS News Nazaré's Big Waves 152 with João de Macedo 110 Diversity in the Brokerslink corporate world Philippines Trinity's Epic Journey Philippines Insurance Market Kumain Ka Na Ba? 156 94 FULLCOVER Risk Legal Corner Consulting 124 Group 160 with Jorge Luzzi Brokerslink 10th Global Conference Readings New chairman & vice chairman New Europe's regional manager Agora Interview with AIG President & CEO Brian Duperreault One of the most respected leaders in global insurance shares insights from over four decades in the industry with José Manuel Fonseca and Jamie Crystal MDS MAGAZINE — FULLCOVER Brian Duperreault A forty-year career in insurance Brian Duperreault is President, Chief Executive Officer and a member of the Board of Directors of American International Group, Inc. (AIG). Prior to assuming this role, he served as Chairman and Chief Executive Officer of Hamilton Insurance Group (Hamilton) from 2013 to 2017. Hamilton is a Bermuda-based holding company of property and casualty insurance and reinsurance operations in Bermuda, the U.S. and the UK. Mr. Duperreault served as President and Chief Executive Officer of Marsh & McLennan Companies (MMC) from 2008 to 2012. Before joining MMC, he served for two years as non-executive Chairman of ACE Limited, an insurance and reinsurance company, and as CEO of ACE from 1994 through 2004. Prior to joining ACE, Mr. Duperreault held various senior executive positions with AIG Jamie Crystal (Alliant), Brian Duperreault (AIG), José Manuel Fonseca (MDS Group), and its affiliates from 1973, when he first joined Ralph Mucerino (AIG) @ AIG New York Headquarters the business, to 1994. Mr. Duperreault is a member of the Boards of the Bermuda Institute of Ocean Sciences (BIOS), Johnson Controls, Partnership for In May 2017, AIG announced the appointment New York City, the Geneva Association and of its new President and Chief Executive Officer. Saint Joseph's University. He is the former Chairman of the Board of The role is probably one of the most prestigious, Overseers of the School of Risk Management demanding and rewarding there is in the global of St. John’s University, New York and Chairman insurance industry, so it would need an exceptional Emeritus of Blue Marble Microinsurance. Mr. Duperreault holds a bachelor’s degree talent to take it on. The new incumbent already in Mathematics from St. Joseph’s University. had a long history with the company, although he He was born in Bermuda and is married with three sons. had spent two decades away from it. In fact, it had given him his first break in insurance. When Brian Duperreault was revealed as the firm’s new leader, there was a positive response right across the insurance industry. The rest, as they say, is history. In AIG’s centennial year, Mr. Duperreault spoke to José Manuel Fonseca, Chairman of Brokerslink and MDS Group CEO, and Jamie Crystal, Executive Vice President of Alliant Insurance Services, about getting the right mix of people and structure to secure AIG’s future, the importance of the broker relationship and putting AIG’s regional businesses back on track. He also shared some of the lessons he has learned from 40 plus years in the insurance industry. 10 BRIAN DUPERREAULT — AIG AIG’s historically wholly-owned global important to AIG. During that period, Argentina network was legendary. This has been kept this company alive and when the war impacted by recent divestitures, in particular ended, it remained a very strong country for in Latin America (in 2016 AIG agreed to us. Perhaps our name should have been sell some of its Latin American and European the International American Group instead! property-and-casualty insurance operations The global network remains a strong to Fairfax Financial). Do you plan to rebuild and important part of who we are and what we the network with wholly-owned subsidiaries do, and if this could be made up of more or will you also consider MGA representatives? wholly-owned businesses, I’d do it in a heartbeat.
Recommended publications
  • Challenges of Fronting Programs
    Challenges of Fronting Programs Underwriting (often multi-line) Legal Credit (R/I agreements (transaction and indemnities/ counterparty guarantees) analysis) Financial Regulatory (local solvency, (intercompany technical reserves reinsurance) R/I recovery) Administration Accounting (loss billings, (transfer of risk, cash flow) claims) Captive Program Considerations Timing • 60 to 90 days prior to inception, depending on program complexity. • Allow sufficient time for discussion of requirements, structuring, client internal communication, multinational program design, and legal contract review, etc. Critical Information • Policy summary: insured name, coverage, terms, limit structure, reinsurance panel, special wording/endorsements, Required expiring premium. • Insured (and parent company): general information, organizational structure, exposure (asset value, turnover, headcounts, etc.), audited financial statements, credit rating, etc. • Captive info: audited financials, certificate of incorporation, insurance license, banking/wire instructions (on captive letterhead), business plan (for new captive). • 5 to 10 year loss history. • Understanding of the motivation for fronting. Program Structure • Gross line (100% cession to captive) or net line (AIG retains a portion of the risk on net position). • Captive retention (per claim and in the aggregate). • Multinational program? A list of countries/local entity info/policy terms required. Fronting Premium • Should be consistent and commensurate with owned risks. • Regulators are paying attention
    [Show full text]
  • The State of the Property Insurance Market | Spring 2020
    THE STATE OF THE PROPERTY INSURANCE MARKET | SPRING 2020 WHAT IT MEANS FOR INSURANCE BUYERS THE STATE OF THE PROPERTY INSURANCE MARKET | SPRING 2020 WHAT IT MEANS FOR INSURANCE BUYERS An Advisen whitepaper Rising premiums. Disappearing capacity. Tighter contract terms. sponsored by AXA XL This is the new reality for risk managers as they renew their property insurance programs. Brokers are reporting premium April 2020 increases of more than 50 percent for many insureds. The property/casualty insurance market is cyclical. A period of rising premiums and reduced capacity—a hard market—is fol- lowed by a typically longer period of falling rates and expanding capacity—a soft market. Analysts debate whether the current period of rising premiums technically qualifies as a hard market since certain key attributes are missing. Some call it a “transition- ing” market instead.1 Risk managers, brokers, and underwriters, however, aren’t overly concerned about technical definitions—this passes the duck test: it looks, feels, and acts like a hard market. For many people in the insurance ecosystem, this is their first experience of hard market conditions. While rate levels fluctu- ated somewhat over the past decade, the overall trend has been softening rates since 2004, the end of the last industry-wide hard market. Facing an uncharacteristically volatile market, many risk managers find it difficult to budget their insurance costs, or even to explain to senior management why premiums are rising so sharply. The pressure is on to find creative ways of keeping their total cost of risk in check. For insurance carriers, rising rates are finally bringing relief from a prolonged period of chronically underpriced business that took a toll on the bottom line.
    [Show full text]
  • New Agcs Biographies of Selected Key Appointments
    ALLIANZ GLOBAL CORPORATE & SPECIALTY NEW AGCS BIOGRAPHIES OF SELECTED KEY APPOINTMENTS JULY 2020 NEW MEMBERS OF THE AGCS SE BOARD OF MANAGEMENT DR. RENATE STRASSER, Chief Underwriting Officer Specialty* Since 2016, Renate Strasser has been Chief Executive Officer of NewRe, a carrier of Munich Re Group. In her current role, she is responsible for the entire legal entity, including traditional P&C reinsurance business and structured reinsurance solutions. Strasser spent six years as an Assistant Professor for Corporate Finance at the University of Klagenfurt, before joining the Munich Re Group in 2004 as a pricing expert for Aviation. From 2007 onwards, she took over the role of Head of Aviation Facultative, where she was responsible for the worldwide portfolio. Strasser holds an MBA from the University of Graz (Austria) and a PhD in Business Administration/Corporate Finance from the University of Klagenfurt (Austria). TONY BUCKLE, Chief Underwriting Officer Corporate* Tony Buckle started his career in financial consulting with Andersen, before moving into the insurance sector with GE Capital. He has subsequently held senior underwriting and portfolio management positions both in reinsurance (Swiss Re, GE Frankona) and corporate insurance (Swiss Re Corporate Solutions, RSA and AXA XL), most recently as Chief Underwriting Officer International P&C at AXA XL, based in Zurich. Buckle is a graduate of Cambridge University and holds an MPhil from the University of London as well as an MBA from Instituto de Estudies Superiores de la Empresa (IESE) in Barcelona, Spain. AGCS SE BOARD OF MANAGEMENT* CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER CHIEF REGIONS & CHIEF REGIONS & OFFICER Claire-Marie MARKETS OFFICER 1 MARKETS OFFICER 2 Joachim Müller Coste-Lepoutre Henning Haagen William Scaldaferri CHIEF CLAIMS OFFICER CHIEF UNDERWRITING CHIEF UNDERWRITING CHIEF OPERATING OFFICER CORPORATE OFFICER SPECIALTY OFFICER Dr.
    [Show full text]
  • Xl Bermuda Ltd. Financial Condition Report December 2019
    XL Bermuda Ltd An AXA Group Company Financial Condition Report ("FCR") December 31, 2019 forming part of the annual regulatory reporting package submitted to the Bermuda Monetary Authority (“BMA”) by June 16 2020 1 | Page 2 | Page Declaration Statement To the best of our knowledge and belief, the financial condition report fairly represents the financial condition of XL Bermuda Ltd in all material respects. Patrick Tannock Simon Argent Chief Executive, Insurance Chief Risk Officer - Bermuda June 16 2020 June 16 2020 3 | Page Table of Contents A. Business and Performance 6 A.1. Name of Insurer 6 A.2. Supervisors 6 A.3. Approved Auditor 6 A.4. Ownership Details 6 A.5. Group Structure 6 A.6. Insurance Business Written by Business Segment and by Geographical Region 6 A.7. Performance of Investments and Material Income and Expenses for the Reporting Period 8 A.7.1. Performance of Investments for the Reporting Period 8 A.7.2. Material income and Expenses for the Reporting Period 9 A.8. Other Material Information 10 B. Governance Structure 12 B.1. Board and Senior Executive 12 B.1.1. Structure of the Board and Senior Executive, Roles, Responsibilities and Segregation of Responsibilities 12 B.1.2.Executive/Employee Compensation 13 B.1.3. Pension or Early Retirement Schemes for Members, Board and Senior Employees 13 B.1.4. Shareholder Controllers, Persons who Exercise Significant Influence, the Board or Senior Executive Material Transactions 13 B.2. Fitness and Propriety Requirements 14 B.2.1. Fit and Proper Process in Assessing the Board and Senior Executive 14 B.2.2.
    [Show full text]
  • Annual Report of Proxy Voting Record Date Of
    ANNUAL REPORT OF PROXY VOTING RECORD DATE OF REPORTING PERIOD: JULY 1, 2018 - JUNE 30, 2019 FUND: THE VANGUARD US FUNDAMENTAL VALUE FUND --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ISSUER: American International Group, Inc. TICKER: AIG CUSIP: 026874784 MEETING DATE: 5/21/2019 FOR/AGAINST PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT PROPOSAL #1a: ELECT DIRECTOR W. DON CORNWELL ISSUER YES FOR FOR PROPOSAL #1b: ELECT DIRECTOR BRIAN DUPERREAULT ISSUER YES FOR FOR PROPOSAL #1c: ELECT DIRECTOR JOHN H. FITZPATRICK ISSUER YES FOR FOR PROPOSAL #1d: ELECT DIRECTOR WILLIAM G. JURGENSEN ISSUER YES FOR FOR PROPOSAL #1e: ELECT DIRECTOR CHRISTOPHER S. LYNCH ISSUER YES FOR FOR PROPOSAL #1f: ELECT DIRECTOR HENRY S. MILLER ISSUER YES FOR FOR PROPOSAL #1g: ELECT DIRECTOR LINDA A. MILLS ISSUER YES FOR FOR PROPOSAL #1h: ELECT DIRECTOR THOMAS F. MOTAMED ISSUER YES FOR FOR PROPOSAL #1i: ELECT DIRECTOR SUZANNE NORA JOHNSON ISSUER YES FOR FOR PROPOSAL #1j: ELECT DIRECTOR PETER R. PORRINO ISSUER YES FOR FOR PROPOSAL #1k: ELECT DIRECTOR AMY L. SCHIOLDAGER ISSUER YES FOR FOR PROPOSAL #1l: ELECT DIRECTOR DOUGLAS M. STEENLAND ISSUER YES FOR FOR PROPOSAL #1m: ELECT DIRECTOR THERESE M. VAUGHAN ISSUER YES FOR FOR PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR OFFICERS' COMPENSATION PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR PROPOSAL #4: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR AUDITORS PROPOSAL #5: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR SHAREHOLDERS TO CALL SPECIAL MEETING --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ISSUER: Amgen, Inc. TICKER: AMGN CUSIP: 031162100 MEETING DATE: 5/21/2019 FOR/AGAINST PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT PROPOSAL #1.1: ELECT DIRECTOR WANDA M.
    [Show full text]
  • Ireland Insurer Consulting Agreements
    Insurer Consulting Group Marsh receives compensation from the following insurers for the provision of consulting, data analytics or other services. These services are designed to improve the offerings available to our clients, assist insurers in identifying new opportunities, and enhance insurers’ operational efficiency. AIG Group Allianz Global Corporate & Specialty (UK Branch) Allied World Assurance Company Arch Insurance Company (Europe) Limited Aspen Insurance UK Limited and Aspen Managing Agency Limited Assicurazioni Generali S.P.A (UK Branch) Aviva Insurance Limited Axa XL AXIS Specialty Europe SE, Axis Managing Agency Ltd, Axis Re and Axis Specialty Limited Beazley Management Limited Brit Syndicates Limited Catlin Insurance Company Ltd Chaucer Syndicates Limited Chubb Group Holdings Inc / Chubb Group Management and Holdings Ltd CNA Insurance Company Limited/Hardy (Underwriting Agencies) Limited Endurance Specialty Insurance Limited Everest National Insurance Company Hiscox Limited Liberty Insurance Limited Liberty Mutual Insurance Europe Limited Markel International Insurance Company Limited and Markel Syndicate Management Limited MS Amlin Underwriting Limited Neon Underwriting Limited QBE Insurance (Europe) Limited Royal & Sun Alliance Plc RSA Insurance Limited DAC SCOR Global P&C SE Starr Global Holdings AG, Starr USA Asset Holdings LLC, Starr Global Financial Inc., Starr Surplus Lines Insurance Company Swiss Re Corporate Solutions Limited Tokio Marine Kiln Insurance Services Limited Travelers Insurance Company Limited and Travelers
    [Show full text]
  • Liability Settlement
    FURTHER INFORMATION ON AGENDA ITEMS 10 AND 11 I. Settlement agreement between Volkswagen Aktiengesellschaft, AUDI AG and Profes- sor Martin Winterkorn of 9 June 2021 Liability Settlement between (1) VOLKSWAGEN AKTIENGESELLSCHAFT, Berliner Ring 2, 38440 Wolfsburg (“VOLKSWAGEN” or “VOLKSWAGEN AG”), represented by the Supervisory Board, (2) AUDI Aktiengesellschaft, Auto-Union-Strasse 1, 85045 Ingolstadt (“AUDI” or “AUDI AG”), represented by its Board of Management and Supervisory Board, – VOLKSWAGEN and AUDI also referred to hereinafter as “Companies” – (3) Prof. Dr. Martin Winterkorn, represented by Dr. Kersten von Schenck, M.C.J. (NYU), law- yer and notary, Arndtstrasse 28, 60325 Frankfurt am Main and by CYRUS Rechtsanwälte PartG mbB, Mainzer Landstrasse 50, 60325 Frankfurt am Main, each being authorised to represent him on their own. (VOLKSWAGEN, AUDI and Professor Winterkorn also referred to hereinafter individu- ally as “Party” and collectively as “Parties”). Preamble (A) From 1996 to 2005, Prof. Dr. Winterkorn was a member of the Board of Management for the Volkswagen Passenger Cars brand, where he was responsible for the Technical Development Division. Between 2000 and 2002, he was responsible for the Research and Development Division on VOLKSWAGEN’s Group Board of Management. He was Chairman of the Board of Management of AUDI from 2002 to the end of 2006, before becoming Chairman of the Board of Management of VOLKSWAGEN on 1 January 2007, taking over responsibility for, among other things, the Research and Develop- ment, Sales, Quality Management and Legal Divisions as well as the position of Chair- man of the Board of Management for the Volkswagen Passenger Cars brand.
    [Show full text]
  • Emerging Risks and Opportunities in Insurance: Technology and Innovation
    MILLIMAN WHITE PAPER Emerging risks and opportunities in insurance: Technology and innovation George Barrett As innovation continues to transform the Then follows the United Kingdom, with over 190 insurtech companies, three-quarters of which are found in London. The transparency, availability and consumer- geographical distribution of insurtech companies can be seen friendliness of insurance products, slow in Figure 1 below. reactions can leave traditional FIGURE 1 PROPORTION OF INSURTECHS BY HEADQUARTERS companies trailing behind. COUNTRY Developing new solutions to manage complex risks has underpinned the culture of the insurance market for centuries. United States Constant innovation to suit the changing needs of its customers has always been particularly evident in the London United Kingdom insurance market. Germany Canada The explosion of funding for insurtech companies in recent years France demonstrates that the insurance industry will continue to evolve. Insurance provides a natural platform for technology. Companies Other Countries seeking new opportunities to take advantage of AI, big data and autonomy may do very well while others will be left behind. Although risk management will need to adapt existing risks and controls for the changes that innovation brings, emerging risks Source: Crunchbase should not be ignored. This paper investigates innovation in the THE SCALE OF INSURTECH global insurance market driven by insurtech, and considers the Over the course of the last decade, the number of insurtech emerging risks faced by insurance companies. companies being founded has increased from fewer than 10 per year, to almost 100 in each of 2015 and 2016. The level of Insurtech funding continues to escalate. From 2010 to 2012, global Insurtech is a term used to group innovative, technology-driven publicised funding averaged approximately $250m p.a.
    [Show full text]
  • 280440Paper0international0po
    INTERNA International Political Risk Management: The Brave New World is the latest in a series based on the International MIGA–Georgetown University Symposium on International Political Risk Management. Volumes in this series offer leading-edge assessments of needs and capabilities in the international political risk insurance industry. These assessments come from 19 experts in the fields of international investment, finance, insurance, and academe. T I Public Disclosure Authorized O Contributors to this volume consider “The Brave New World” of the political risk insurance (PRI) industry in NAL PO political the wake of September 11, 2001, the Argentine economic crisis, and other upheavals. The book begins with the supply-side perspective of insurers and then turns to the concerns of investors and lenders, in particular those involved in large infrastructure projects in emerging markets. It concludes with in-depth assessments of new challenges to definitions and coverage of currency transfer, expropriation, breach of contract, and politi- cal force majeure. The diverse and detailed arguments collected here come together in a surprising consen- LITI sus: recent changes, contractions, and even losses are fueling the search for creative solutions and will ulti- mately prove beneficial for the industry and its clients. CAL RISK M An in-depth analysis from the front lines of international political risk management, this book will be a valu- able guide to those who are considering private sector investments in the developing world, whether as equi- ty sponsors, lenders, or insurers. It should also be of interest to independent analysts and scholars working in risk the field of political risk management.
    [Show full text]
  • CEO Index Report 5-27 R2
    THE CEO LEADERBOARD: COVID19 REPUTATION RANKINGS MAY 2020 1 INTRODUCTION THE COVID-19 PANDEMIC HAS UPENDED OUR WORLD, WITH NO CORNER OF LIFE UNTOUCHED. SIMILARLY, NO COMPANY — OR COMPANY LEADER — HAS ESCAPED ITS IMPACT. The CEO Leaderboard is a ranking of brand As a whole, CEOs at the top of the perception across Fortune 100 CEOs — Leaderboard are constantly speaking to measuring how they were perceived before the moment at hand. They’re using multiple COVID-19 was declared a global pandemic channels to get their messages across and how their reputations have shifted in traditional and digital channels, and they’re the subsequent weeks. creating a unique communications strategy geared toward each stakeholder — one that The ranking is based on tracking real-time ladders up to a greater brand strategy. conversation — attributed to a specific CEO — across the entire digital, social and The ones at the bottom are are communicating media landscape. It measures the actions inconsistently and infrequently — and often of the Fortune 100 CEOs during the relevant with narratives that are not in sync with the time periods (January 1, 2020 – February 28, organizations they're leading. 2020 and March 1, 2020 – April 15, 2020). Successful corporate leaders have on details big and small about how their reacted to the megacrisis with humility, companies are responding to every imaginable empathy and direct communications that disruption: supply chain, workforce, revenue, connect with employees, customers and employee health and safety. other stakeholders on an authentic, human level. Gone is the c-suite view from 30,000 SO HOW DID AMERICA’S TOP CEOS feet.
    [Show full text]
  • Complaint Against Insurance Company in Pakistan
    Complaint Against Insurance Company In Pakistan Placed Joachim hydrolyse or underquotes some Elisha unitedly, however auctionary Grove pollinated congenitally or epitomise. Meyer lards her trivalence aesthetically, scampering and unbelievable. Traveled and legible Krishna never prig unscrupulously when Patel falls his radome. Insurance company registration fee or his family and trust securities in number, reflecting the complaint in case where the particular includes whether doctors. File an air travel complaint Air Passenger Protection. If any material to pakistan primarily quetta and dealing commission cannot constitute itself in insurance company in pakistan to recover stolen belongings covered by way to strengthen ties and advocacy for claims? KARACHI Dec 22 The Pakistan Insurance Regulatory Authority. SGI Insurance. You within first learn a complaint to your insurance company's in Dispute Resolution IDR section The complaint should be made in contempt Most insurers have a complaint form you can lodge online through their website or together by post suspend your insurance company charge the contact details of their IDR department. Ahmedabad hospital association launches redressal cell for. And against me of complaint against in insurance company can now coming up in provision of course includes tutorial videos, discriminated against a letter to resolve them from that is an opportunity to? TPL Insurance is portable first insurance company in Pakistan to sell general insurance products directly to the consumer Since lean in 2005 the copper has. If you race a complaint against an insurance agency or producer agent the MIA. FBR Federal Board show Revenue Government of Pakistan. In the administrative support of similar offices are investment company in insurance pakistan we realize the earlier.
    [Show full text]
  • Press Release
    FOR IMMEDIATE RELEASE Berkshire Hathaway Specialty Insurance One Lincoln Street, 23rd Floor Boston, MA 02111 BERKSHIRE HATHAWAY SPECIALTY INSURANCE EXPANDS CASUALTY CAPABILITIES TO ENERGY & TECHNICAL LINES IN THE UK BOSTON, LONDON, MANCHESTER – June 22, 2021 – Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has launched Energy and Technical Lines Casualty products in the UK and established a dedicated London-based Energy & Technical Lines underwriting team. e company’s UK Casualty Energy & Technical Lines team includes: • Oliver Brown, Manager, Energy Casualty. He comes to BHSI with 20 years of experience in technical energy risks. He most recently spent 10 years at AXA XL as Class Underwriter, Energy Casualty. • Penny Wang, Senior Energy Casualty Underwriter. She joins BHSI with 16 years of energy casualty experience, most recently as Senior Casualty Underwriter at Starr Companies. • James Emson, who has been promoted to Casualty Manager, Technical Casualty, UK. He was previously Senior Casualty Underwriter, UK. • Jack Erritt, Technical Casualty Underwriter, UK. He was most recently Energy Casualty Underwriter at AIG. “We are pleased to expand our casualty capabilities with the deep technical risk expertise of our new team,” said Hilary Browne, Head of Casualty, UK & Europe. “Now BHSI can provide both technical Casualty and Property solutions, backed by stellar nancial strength and service, to energy operations and other technical risks across the U.K.” “I’m excited to work closely with this talented team to bring our CLAIMS IS OUR PRODUCT® philosophy and service to a diverse and expanding portfolio of casualty customers,” said Nikki Nagra, who last month joined BHSI as Head of Casualty Claims, UK.
    [Show full text]