April 2008
Insurance survey 2008: The new masters of risk? How insurers are testing out their capabilities in finance
As financial stress grows, economies
weaken and companies see risks
looming at every turn, insurers
offer themselves up as strategic
risk advisers. They must prove their
risk engineering skills, upgrade
systems, overhaul archaic industry
practices and adapt to capital market
investors seeking insurance exposure.
Euromoney polls 255 leading
corporations to fi nd which insurers
and brokers are doing the best job.
Insurance poll resultsProfiles: Available online only AIG remains the undisputed leader Zurich pushes the boundaries MAI Ping An La Meridional New Hampshire Rosno Euromoneys ground-breaking poll of large corporate users of insurance reveals the best insurance companies and brokers globally and by region. The chief executives of the industry leaders tell Peter Lee how these customers increasing sensitivity to, and sophisticated appreciation of, all manner of risks is fundamentally changing the insurance business. Modelling themselves on the pre-eminent Goldman Sachs investment banker whispering strategic advice into the CEOs ear, insurers and brokers now want to be your risk management consultant.FM GLOBAL IS an unusual insurance company. Its chairman and chief executive, Shivan Subramaniam, tells Euromoney, with a note of pride in his voice: "Yes, we blow things up, we burn them down."
The company runs a 1,600 acre campus in West Gloucester, Rhode Island. Set up at an initial cost of $80...
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