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
NEW YORK, November 14, 2012
Global 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. Were 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
| 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 | Lloyds |
| 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 |
| Best Overall Insurer | AIG |
| Best Overall Broker | Marsh |
| Best Property Insurer | FM Global |
| Best General Liability Insurer | Hartford |
| Best Political Risk Insurer | Lloyds |
| Best Kidnap & Ransom Insurer | Lloyds |
| Best D&O Insurer | ACE |
| Best Employment Practices Liability Insurer | Chubb |
| Best Crime/Fidelity Insurer | Chubb |
| 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 | Lloyds |
| Best D&O Insurer | Zurich |
| Best Employment Practices Liability Insurer | Zurich |
| Best Crime/Fidelity Insurer | Zurich |
| 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 |
| 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 |
| 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 | Lloyds |
| Best D&O Insurer | AIG |
| Best Employment Practices Liability Insurer | AXA |
| Best Crime/Fidelity Insurer | Lloyds |
| 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
.
