The insurability of regulatory fines and penalties – an Asian snapshot

The insurability of regulatory fines and penalties – an Asian snapshot

The insurability of regulatory fines and penalties – an Asian snapshot

As regulatory and criminal investigations into companies and individuals continue apace across the globe, so does the exposure of those involved, and their insurers. Whether fines and penalties are insurable is a complicated issue in many jurisdictions. Focusing on Asia in this article, we set out below a snapshot of the current position in China, Hong Kong, Malaysia, Singapore and…

The right to be forgotten

The right to be forgotten

The right to be forgotten

The recent global focus on Facebook and Cambridge Analytica’s use of data and the forthcoming General Data Protection Regulation (GDPR) have thrown the spotlight on data and privacy issues. An important issue in this context is whether an individual has the right for that data to be removed or forgotten. A recent UK High Court ruling has found that individuals…

Hearing loss decision is music to claimants’ ears

Hearing loss decision is music to claimants’ ears

Hearing loss decision is music to claimants’ ears

The UK High Court has found a classical musician is entitled to damages after suffering ‘acoustic shock’ while employed in the orchestra of the Royal Opera House. The judgment represents a landmark decision for this newly recognised species of noise-induced hearing loss in the UK, which could have wide-ranging ramifications for insurers and risk managers at entertainment venues and beyond.…

UK Supreme Court widens the scope of actionable personal injury

UK Supreme Court widens the scope of actionable personal injury

UK Supreme Court widens the scope of actionable personal injury

The UK Supreme Court has broadened the scope of actionable personal injury, raising important implications going forward for employers, risk managers and insurers. The High Court and Court of Appeal both rejected the claimants’ arguments that occupational exposure to platinum salts sensitivity that did not result in symptoms constituted an actionable personal injury. The Supreme Court found otherwise. This decision…

International insurers get closer to French buyers

International insurers get closer to French buyers

International insurers get closer to French buyers

A number of international insurers have been looking to bring their expertise and products to commercial insurance buyers in France, with a greater focus on local servicing and underwriting. The French insurance market is one of the largest in the world. Business optimism has been rising under President Emmanuel Macron and following a marked improvement in the French economy. This…

Hendrick needs to ensure AXA-XL deal delivers goods for customers and shareholders

Hendrick needs to ensure AXA-XL deal delivers goods for customers and shareholders

Hendrick needs to ensure AXA-XL deal delivers goods for customers and shareholders

News that AXA plans to buy XL Group for a massive $15.3bn came as a surprise to most in the market, not least as the move came so soon after XL made a big step forward itself through the acquisition of Catlin in 2015. There were rumours that XL may be a target. It was reported in early February that…

Gender pay reporting becomes business risk

Gender pay reporting becomes business risk

Gender pay reporting becomes business risk

As many will have noticed, organisations reporting their gender pay gap statistics have been creating negative headlines in the press. As businesses attempt to reduce their gender pay gap, it is important to understand the risks that this can present. UK employers with 250 or more employees have until 4 April 2018 to publish their gender pay gap figures on…

Reinsurance sector fit to navigate troubled waters ahead: Kessler

Reinsurance sector fit to navigate troubled waters ahead: Kessler

Reinsurance sector fit to navigate troubled waters ahead: Kessler

As part of our Risk Perspectives series of interviews with leaders of the world’s biggest insurance and reinsurance groups, Commercial Risk Europe editor Adrian Ladbury speaks to Denis Kessler, CEO of SCOR. He is asked about the state of the reinsurance market, what it needs to do to retain relevance, and how it can help tackle massive challenges such as…

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expertise, capital and innovation keys to success in corporate insurance market: SCOR

Expert underwriting skills, knowledge, vast capital and the variety of access points offered by leading global reinsurers such as SCOR, will ensure they continue to grow their business in the large corporate (re)insurance market despite ongoing competitive conditions, according to Rachel Conran, head of SCOR Business Solutions (SBS), which is dedicated to large corporate risks. As the global economy becomes…

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Environmental litigation against holding corporations for environmental damage caused by their subsidiaries abroad, globally, is increasing. In England, these claims have origins in employers liability claims of the 1990s, when the workers of foreign subsidiaries began suing holding corporations in the English courts for alleged health and safety breaches. The English courts have since been presented with several environmental claims,…

1 2 3 5