There’s a silver lining in every cloud, and for specialty insurers there’s opportunity present behind every emerging risk, two carrier executives say.
Stanley Galanski, president and CEO of Navigators Group, and Mario Vitale, president of Aspen U.S. Insurance, revealed insurance solutions that their companies are working on to respond to emerging risks of pharmaceutical recalls, environmental-regulation changes and supply-chain disruptions.
SOLUTIONS TO SUPPLY
Vitale, the former CEO, Global Corporate, Zurich Financial Services, and former CEO Willis North America, says that over the course of his 30-plus years in the industry, he’s seen workplace management, automobile safety and construction design improve to make these aspects of the world less risky.
Galanski notes that globalization also creates new and emerging risks.