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Headlines & Bits of Interest – 1 April 2021

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April Fools’ Day—celebrated on April 1 each year—has been celebrated for several centuries by different cultures, though its exact origins remain a mystery. Some historians speculate that April Fools’ Day dates back to 1582, when France switched from the Julian calendar to the Gregorian calendar, as called for by the Council of Trent in 1563. In the Julian Calendar, as in the Hindu calendar, the new year began with the spring equinox around April 1.

Note: IRL will being posting an article or two on the Ever Given traffic jam disaster in the Suez Canal shortly so keep an eye out on this site.

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The world at a glance

United Kingdom / LondonIUA Urges Construction Industry Reform. – Not sure if this is an April Fool’s item or not. Seems what is written is too obvious and self-serving. You be the judge.

London: Lloyd’s posts £877m loss on back of $6.2bn pandemic claims

EgyptSuez Canal: Massive cargo ship freed after nearly a week, averting “catastrophic disaster”. Video (2:36)

Headlines

Aon closes down globally for two days. My understanding was these days were today and tomorrow (April 1 & 2). Not sure where I saw this and it certainly wasn’t on Aon’s website. The idea was to reward employees around the world for their stick-to-it-ness during the pandemic by giving them 2 paid days off. Seems a bit strange as this was everyone’s job. Then again, maybe its cover for top executive salaries being kicked up.

Marsh McLennan Launches Inaugural ESG Report Changing What’s Possible. “We recognize the opportunity — and the obligation — we have to model the behaviors we want to see in the world and to be good stewards of the environment and the societies in which we live. We’re committed to the principle of responsible capitalism,” said Dan Glaser, President and CEO, Marsh McLennan.

Aon, MMC carbon emissions for travel plunge in 2020. How they figure this out is beyond me. Ask the travel department? Have employees fill out mileage forms for commutes. Planes, Trains & Automobiles – and I don’t mean the screwball comedy – watch trailer

Guy Carpenter names Sebastian Cook MD and Head of London Europe. Sebastian comes from Aon of all places. He might as well keep his Aon business cards as the merged firm if it happens will be named Aon.

Mosaic Announces Hiring of William Monat. Mosaic announced the hiring of William Monat to oversee underwriting operations in North America, the UK, Europe, and Asia-Pacific regions. Good luck my friend – well deserved.

Zurich forges ahead with climate goals to tackle growing risk to society

Mosaic announces launch of War, Terrorism & Political Violence teams in London and US to underwrite products globally – Mosaic announced it has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York. Mosaic will offer tailored coverage for a full spectrum of commercial, industrial and residential property risks associated with acts of terror and sabotage, malicious damage, strikes, riots, civil commotion, war perils and related liability around the world. Read more HERE

Extraterrestrial 

Update from Mars: Sensors Collect Crucial Data on Mars Landings with Arrival of Perseverance. Bookmark the NASA Mars pages – this is really out of this world stuff


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Posted by Alex Hodges
Alex has 40+ years of experience in the industry with a specific interest in the international P&C business. Alex began his career with Rollins Burdick Hunter Co in Chicago; moved to New York with the firm; then back to Chicago HQ after the acquisition of RBH by Aon. As part of Aon’s global acquisition team, he moved to The Netherlands to help with the integration of Hudig-Langeveldt and Frank B. Hall in Europe, Scandinavia, United Kingdom and the Middle East. Alex has expertise managing large multinational insurance programs. His last position with Aon was managing the Aon-owned Strategic Underwriters International MGA for Kidnap, Ransom & Extortion, Workplace Violence and Political Risk. Alex is the founder of Insurance Services Network Corporation and Editor-in-Chief of the IRL – Insurance Research Letter.

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