WORLD'S BEST GLOBAL RISK MANAGEMENT PROVIDERS 2012
To obtain Global Finance award logos please contact Chris Giarraputo at
chris@gfmag.com or +1 212 524 3214.

For marketing or advertising information please contact Katharine Frey at
kfrey@gfmag.com or +1 212 524 3212.

For editorial information please contact Andrea Fiano, editor, at
afiano@gfmag.com or +1 212 524 3213.

To view our editorial calendar click here.

Global Finance Names the 2012 World’s Best Global Risk Management Providers

Top insurers named in 12 global categories, as well as six regions of the world

 

150x193 GlobalRiskManagement12 PR

NEW YORK, November 14, 2012Global Finance today announced the winners of its “Best Insurer Awards,” drawing on responses from just under 1,400 readers around the world, as well as input from a panel of 14 prominent risk management and financial executives at major companies headquartered in each geographic region of the world.

 
In the global category, AIG was selected as the best insurer for property, environmental liability, employment practices liability, and cyber risk. Chubb won for best global D&O insurer and crime/fidelity insurer. Zurich Insurance won as best global political risk insurer, as well as global supply chain/trade disruption insurer. Euler Hermes was selected as best global trade credit insurer, and Aon, the best global supply chain/business continuity consultant.


“The survey findings offer insights not only about the best global insurers by several widely purchased coverage lines, but they also reveal leading insurers for specific coverages on a regional basis,” said Joseph D. Giarraputo, president and publisher, Global Finance. “We congratulate the winners and thank our survey participants and panelists for their assistance.”


“In a challenging worldwide economy and an operating environment marked by widespread natural disasters, globalization, complex supply networks, expanding cyber, privacy and other emerging exposures, and intense competition, effective risk management has become a critical priority for all businesses,” Giarraputo added. “We’re certain the results will prove useful as our readers assess their insurance and risk management needs and look to indentify ‘best-of-class’ providers in the months ahead.”


In addition to the global winners, the magazine recognized top insurers by coverage line and best overall brokers in six regions of the world, including US/Canada, Europe, Central/Eastern Europe, Latin America/Caribbean, Asia/Pacific, and Middle East/Africa.


For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com

 

To obtain the World’s Best Global Risk Management Providers Award logo, please contact Chris Giarraputo: chris@gfmag.com

 

GLOBAL CATEGORY
Best Global Property Insurer AIG
Best Global General Liability Insurer Allianz
Best Global Environmental Liability Insurer AIG
Best Global Political Risk Insurer Zurich
Best Global Trade Credit Insurer Euler Hermes
Best Global Kidnap & Ransom Insurer Lloyd’s
Best Global D&O Insurer Chubb
Best Global Employment Practices Liability Insurer AIG
Best Global Cyber Risk Insurer AIG
Best Global Crime/Fidelity Insurer Chubb
Best Global Supply Chain/Trade Disruption Insurer Zurich
Best Supply Chain/Business Continuity Consultant Aon

US/CANADA
Best Overall Insurer AIG
Best Overall Broker Marsh
Best Property Insurer FM Global
Best General Liability Insurer Hartford
Best Political Risk Insurer Lloyd’s
Best Kidnap & Ransom Insurer Lloyd’s
Best D&O Insurer ACE
Best Employment Practices Liability Insurer Chubb
Best Crime/Fidelity Insurer Chubb

EUROPE
Best Overall Insurer Allianz
Best Overall Broker Marsh
Best Property Insurer Zurich
Best General Liability Insurer AXA
Best Political Risk Insurer Zurich
Best Kidnap & Ransom Insurer Lloyd’s
Best D&O Insurer Zurich
Best Employment Practices Liability Insurer Zurich
Best Crime/Fidelity Insurer Zurich

CENTRAL/EASTERN EUROPE
Best Overall Insurer Allianz
Best Overall Broker Aon
Best Property Insurer AXA
Best General Liability Insurer Allianz
Best Political Risk Insurer Zurich
Best D&O Insurer Allianz
Best Employment Practices Liability Insurer UNIQA
Best Crime/Fidelity Insurer AIG

LATIN AMERICA/CARIBBEAN
Best Overall Insurer AXA
Best Overall Broker Aon
Best Property Insurer AXA
Best General Liability Insurer Mapfre
Best D&O Insurer AXA
Best Employment Practices Insurer La Segunda
Best Crime/Fidelity Insurer AIG

ASIA/PACIFIC
Best Overall Insurer AIG
Best Overall Broker Marsh
Best Property Insurer AXA
Best General Liability Insurer AXA
Best Political Risk Insurer AXA
Best Kidnap & Ransom Insurer Lloyd’s
Best D&O Insurer AIG
Best Employment Practices Liability Insurer AXA
Best Crime/Fidelity Insurer Lloyd’s

MIDDLE EAST/AFRICA
Best Overall Insurer AXA
Best Overall Broker Aon
Best Property Insurer Al Ain Ahlia Insurance Co
Best General Liability Insurer Zurich

Both survey participants and the 14 panelists were asked to select insurers in each of the categories for which they had experience in assessing/purchasing cover, according to the following criteria:


• Innovation/Creativity (ability to develop and offer meaningful solutions to risk issues).


• Capacity, pricing and coverage terms.


• Financial security/stability (as qualified by various ratings agencies, where available, and buyer or insurance broker perceptions when ratings are not available).


• Reach (availability of underwriting or service resources on the ground in areas where risks exist and coverage is provided).


• Service delivery, especially with respect to claims handling, but also in terms of pre-loss service capabilities, such as loss control.


The weighting of the criteria was left to the respondents and panelists, as it is likely to differ by region and product line in accordance with available market security/financial information and regional insurer competition.


The results and profiles of the winners will be reported in the December issue of Global Finance.