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Trade disruption likely to continue, Chinese energy issues a factor: Russell
11th October 2021
Analysts at risk modelling company Russell Group have warned that $120 billion of trade flows could be delayed, with ongoing Chinese power shortages a major factor. Shortages have already caused factories in the provinces of Jiangsu, Guangdong and Zhejiang to shut down or move to a three-day week, many of which ... Read the full article
Pioneer agrees terms for Russell Coward acquisition
23rd October 2020
Pioneer Underwriting Holdings has signed terms for a deal that will see Pioneer and its subsidiaries acquired by Russell Coward, currently Pioneer’s Head of Risk & Compliance and Company Secretary. This transaction follows an agreement with K2 to transfer the 4 ongoing underwriting units and the separate transaction to divest ... Read the full article
COVID-19 to wipe £3tn from global trade: Russell Group
10th July 2020
Covid-19 will wipe $3 trillion from global trade in 2020 compared with 2019 levels, according to analysis conducted by Russell Group. Based on shipping and aircraft movements, the risk management company predicts trade to be $7.45 trillion in the first half of 2020 and $8.55 trillion in the remaining six months ... Read the full article
Aegon adds Duncan Russell as Chief Transformation Officer
24th June 2020
Aegon, a provider of life insurance, pensions and asset management, has appointed Duncan Russell in the newly established role of Chief Transformation Officer. Effective September 1, Russell will report to CEO Lard Friese and will become a member of Aegon’s Management Board. He will work closely with the Executive Board in setting ... Read the full article
TransRe hires Stephanie Russell to lead Canadian branch
23rd April 2020
Transatlantic Reinsurance Company (TransRe), the wholly owned reinsurance subsidiary of Alleghany Corporation, has announced that Stephanie Russell has been appointed Chief Agent for its Canadian operations, effective April 13, 2020. Russell joined TransRe Toronto from Aviva Canada in 2015 to lead the local actuarial department, and was promoted to Appointed Actuary ... Read the full article
HK airport protests highlight exposure risk for re/insurers: Russell Group
22nd August 2019
The recent standoff at Hong Kong International Airport between Chinese authorities and protesters has underscored the potential airport ground accumulation exposures faced by international re/insurers, according data from risk management firm Russell Group. By quantifying aerospace industry and portfolio peak exposure, Russell Group showed that 69 aircraft with a combined value ... Read the full article
FedNat adds Mel Russell as VP of Monarch
28th June 2019
Florida-based FedNat Holding Company has appointed Mel Russell as Vice President of its subsidiary Monarch National Insurance, effective immediately. Russell will oversee the relaunch of Monach’s homeowner and condo programs in Florida, and report directly to Michael Braun, FedNat’s President and Chief Executive Officer. Since 2016, Russell has served as President and CEO ... Read the full article
Russell Group launches data solution for quantifying corporate risk
26th June 2019
Risk management company Russell Group has introduced a new scoring system designed to reflect the resilience and sustainability of an organisation’s business model at a given time, as well as provide insight and foresight to help decision making. 'The Russell Score' will give every organisation a score based on a variety ... Read the full article
Insurers can expect $65m in exposure value from stricken oil tankers: Russell Group
14th June 2019
Risk management company Russell Group has warned that cargo insurance companies can expect to experience a high exposure value following recent attacks on two oil tankers in the Gulf of Oman. The explosions that hit Japanese product tanker, Kokuka Courageous and the Norwegian tanker, Front Altair on Thursday occurred just weeks ... Read the full article
Global interdependencies creating a “new era of liability,” says Russell Group
4th June 2019
A lack of underwriting discipline, more robust market regulation, exposure management deficiencies, and growing global interdependencies are threatening re/insurers with a “new era of liability,” according to analysts at Russell Group. In a new report, the risk modelling firm argued that global interdependencies fostered by corporate connectivity, the Internet of Things ... Read the full article
Unicorn Underwriting adds Argo’s Neil Russell
31st December 2018
Unicorn Underwriting, a London-based managing general agent and part of U.S-headquartered global broker AmWINS Group, has announced the addition of Neil Russell starting 1 January 2019. The company says he will be working on the development of new facilities and capacity for the firm with plans to join the Property Underwriting ... Read the full article
Russell Higginbotham appointed Swiss Re CEO Reinsurance EMEA
22nd August 2018
Global reinsurer Swiss Re has announced a senior executive change, as Russell Higginbotham is appointed to Swiss Re CEO Reinsurance EMEA and Regional President EMEA and also takes a position in the Group Executive Committee. The reason for the appointment is to replace the departing Jean-Jacques Henchoz, who is moving ... Read the full article
Willis appoints Alex Steele & Russell Nicholson to Guernsey Financial Institutions Practice
15th January 2018
Willis Towers Watson has announced the appointment of Alex Steele and Russell Nicholson to their Guernsey Financial Institutions practice. Steele and Nicholson will assume joint responsibility for Client Relationships in Guernsey, while Anthony Kay will undertake the same role in Jersey. Chris Jackson, Global Head of FINEX FI Middle Market commented on ... Read the full article
Russell Group builds launches data provider service ALPS Casualty
4th September 2017
Russell Group has partnered with data providers Dun & Bradstreet to launch a matching service, ALPS Casualty, that matches and references each portfolio's insureds, allowing any insured to be identified through a universal identifier and thus enhancing the underwriting process. Russell Group CEO, Suki Basi commented on the launch of ALPS ... Read the full article
Russell Fisher to lead Ironshore’s London Political Risk & Trade Credit business
24th May 2017
Bermuda domiciled insurance and reinsurance holding company, Ironshore Inc., has hired Russell Fisher as Vice President (VP) of its Political Risk and Trade Credit unit to underwrite European business, the company has announced. Fisher will be based in the firm's London office and will report to Don Asadorian, Senior Vice President ... Read the full article