Leading risk associations to work towards mutual certification recognition

Leading risk associations to work towards mutual certification recognition

Leading risk associations to work towards mutual certification recognition

Five of the world biggest risk management associations – Ferma, Rims, Alarys, Parima and Irmsa – have signed a letter of intent to work towards mutual recognition of their respective risk management certification or designation programmes. The work will begin by seeking to ensure risk managers can secure continuous professional development (CPD) points for attending each of the association’s events.…

Ferma campaign to defend captives forges ahead

Ferma campaign to defend captives forges ahead

Ferma campaign to defend captives forges ahead

The organisation for Economic Co-operation and Development’s (OECD) project to tackle base erosion and profit shifting (BEPS) is a major concern to many risk and insurance managers with captives, but Ferma’s campaign to dispel misperceptions about captive insurance companies is making progress. The OECD’s aim of stamping out the worst excesses of corporate tax avoidance is laudable, but it was…

New approach needed for growing political risk

New approach needed for growing political risk

New approach needed for growing political risk

Companies need to take a more structured approach to managing growing geopolitical and economic uncertainty, according to a panel debate at the Ferma Forum. Increasing nationalism and protectionism, as well as growing political volatility in Europe, are creating greater uncertainty for European businesses, according to the panellists. Carl Bildt, former prime minister of Sweden and keynote speaker at the forum,…

Business travel risk rises

Business travel risk rises

Business travel risk rises

Business travel risks are increasing and becoming more complex, with a bigger role for risk managers in mitigating the threat, according to a new report and survey from Ferma. According to the survey of more than 377 risk managers, 67% of the respondents believe their organisation’s exposure to health, safety and security risks linked to workers’ mobility has increased in…

Liberty Specialty Markets on track with plan to double European business by 2020

Liberty Specialty Markets on track with plan to double European business by 2020

Liberty Specialty Markets on track with plan to double European business by 2020

European risk managers can expect to see more of Liberty Specialty Markets during the next three years. Its European head Kadidja Sinz told Commercial Risk Europe that the firm is forging ahead with ambitious plans to “profitably” double its premium volume in core European markets by 2020, despite the stubbornly competitive commercial and corporate insurance market. Ms Sinz also said…

Profitable growth possible in tough market as Generali Global Corporate & Commercial

Profitable growth possible in tough market as Generali Global Corporate & Commercial

Profitable growth possible in tough market as Generali Global Corporate & Commercial

Hard work, careful selection of quality clients and resolutely charging the right price for risk are the three core principles insurers must adhere to in today’s highly competitive insurance market, according to Paolo Ribotta, head of Generali Global Corporate & Commercial (GC&C), the corporate insurance arm of the Italian insurance giant. Overall costs also have to be tightly managed and…

Belrim punches above its weight

Belrim punches above its weight

Belrim punches above its weight

When Sabine Desantoine took over as president of Belrim in the summer, she knew the Belgium risk management association was already in good shape. That said, Ms Desantoine has plans to ensure Belrim continues to meet the growing needs of risk and insurance manager members, as they face a range of domestic and international challenges. Ms Desantoine, who is also…

Market working to reduce renewal burden but no silver bullet

Market working to reduce renewal burden but no silver bullet

Market working to reduce renewal burden but no silver bullet

Insurers and brokers are sympathetic to buyers’ frustration over the annual renewal process taking up too much time and resource. They are willing to work on a better solution, but stress simple answers are hard to find. Risk managers are seeking ways to either speed up the renewal process or secure longer-term deals. But there are so many moving parts…

Advertorial: Collaboration is key for complex construction insurance programmes

Advertorial: Collaboration is key for complex construction insurance programmes

Advertorial: Collaboration is key for complex construction insurance programmes

Collaboration between risk managers,brokers and insurers working on large scale and complex construction projects is critical to avoid disputes and failure of coverage when loss events occur, according to Bernadette Hackett, global relationship leader and head of construction community at Zurich Insurance. Ms Hackett gave a co-presentation on the topic of ‘Owner or Contractor Controlled Insurances – How to get…

Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson names Irwin head of CEEMEA region

Willis Towers Watson has named Neil Irwin as its new leader for the central and eastern Europe, Middle East and Africa region (CEEMEA). Mr Irwin will be based in Dubai, and also take on the role of head of corporate risk and broking for the CEEMEA region. Adam Garrard, head of international at Willis Towers Watson, said: “This is an…

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