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WHO calls for detail on Chinese risk management measures for Coronavirus outbreak

The World Health Organization (WHO) has asked the People’s Republic of China to provide more information on cross-government risk management…

Julian James to join Sompo International to lead London and international platforms

Sompo International Holdings, the Bermuda-based specialty insurance and reinsurance group that was formed by the acquisition of Endurance Specialty for $6.3bn in March 2017, has…

By Adrian Ladbury on January 27, 2020

Australian bushfire losses top A$1.65bn as experts warn of further climate-related cats

The insured cost of the Australian bushfires has now topped A$1.65bn based on claims from more than 25,000 insurance policies, according to the Insurance Council…

By Adrian Ladbury on January 27, 2020

Woolard takes up interim chief executive role at FCA

Chris Woolard has been appointed interim chief executive…

By Ben Norris on January 27, 2020

Marsh JLT appoints new head of specie

Philip Turner has been appointed UK head of…

By Sarah Jolly on January 27, 2020

Nat cat insured losses return to below-average levels in 2019: Willis Re

Insured natural catastrophe losses of $53bn last year…

By Sarah Jolly on January 24, 2020

Data breach exposes 250 million Microsoft customer support logs

Microsoft has confirmed that a data breach of…

By Sarah Jolly on January 24, 2020

Risk Management

Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII

The European Insurance and Occupational Pensions Authority (EIOPA)…

By Adrian Ladbury on January 23, 2020

RIMS survey finds average 2% fall in North American risk salaries

US risk managers saw their average salary fall…

By Ben Norris on January 23, 2020

Insurance industry urged at WEF meeting to better reward cyber risk management

The insurance industry can play a bigger role…

By Ben Norris on January 22, 2020

Insurance

Difficult conditions for UK non-life insurers but most prepared for Brexit

UK non-life insurers have faced difficult market conditions in 2019,…

By Tony Dowding on January 23, 2020

AGCS appoints CUO for speciality business

Allianz Global Corporate & Specialty (AGCS) has appointed Henning Haagen…

By Sarah Jolly on January 23, 2020

New US specialty property and casualty broker formed

A new specialty property and casualty broker has been launched…

By Tony Dowding on January 22, 2020

Cyber

FM Global expands cyber risk review to industrial control systems

FM Global will now include industrial control system (ICS) evaluations in clients’…

By Sarah Jolly on January 22, 2020

International Programme News

January reinsurance renewals confirm 2020 market firming

Moody's Investor Service has concluded that the January reinsurance renewals have confirmed…

By Tony Dowding on January 22, 2020

Risk Management Profession

Employers missing a trick by not selling employee benefits to new staff

Only 22% of UK employers communicate their employee benefits offering before day…

By Ben Norris on January 21, 2020

Captives

First crypto-custody captive formed in Bermuda

A captive has been launched in Bermuda that is the first in…

By Tony Dowding on January 20, 2020

Legal & Regulation

BIBA lobbies for lower regulatory burden on UK brokers and access to EU markets

The British Insurance Brokers’ Association (BIBA) is lobbying its government to reduce…

By Sarah Jolly on January 21, 2020

People Moves

Zurich appoints new head of US casualty international programmes underwriting

Scott Toland has joined Zurich Insurance Group as head of US casualty…

By Tony Dowding on January 22, 2020

AMRAE president criticises insurers for ‘arbitrarily’ reducing capacity as shortfalls emerge

The president of French risk management association AMRAE, Brigitte Bouquot,…

By Rodrigo Amaral on January 16, 2020

Geopolitical fog complicates response as environmental risks dominate WEF survey

Economic confrontations and political polarisation are the most likely risks…

By Ben Norris on January 15, 2020

Cyber voted top business risk for first time in Allianz Risk Barometer

Cyber has been voted the biggest risk facing business globally…

By Ben Norris on January 14, 2020

Geopolitical fog complicates response as environmental risks dominate WEF survey

Economic confrontations and political polarisation are the most likely risks…

By Ben Norris on January 15, 2020

Do you know how to identify a phishing email?

Phishing is the fraudulent attempt to obtain sensitive information such…

By David Kaye on November 28, 2019

Is it conflict of interest or relationships?

Conflict of interest has been topical in recent history, with…

By Liz Booth on November 28, 2019

Geopolitical fog complicates response as environmental risks dominate WEF survey

Economic confrontations and political polarisation are the most likely risks…

By Ben Norris on January 15, 2020

Aon report examines regulatory developments in Asia-Pacific insurance markets

Insurance market liberalisation continues to accelerate across Asia-Pacific, with cross-jurisdiction…

By Tony Dowding on November 1, 2019

Significant price rises still to come in construction market

Risk managers in the construction industry should prepare themselves for…

By Ben Norris on September 26, 2019

Digital capabilities transforming global programmes

For some time, there has been a growing demand from…

By Jonathan Newbery, head of digital experience, commercial insurance, Zurich Insurance Group on January 19, 2020

Considerations of the risk manager on a D&O programme – Insurance premium tax

For risk managers, the line of insurance that guarantees the…

By Karen Jenner, portfolio director, IPT – business development, TMF Group on January 15, 2020

Making the index link: how parametric solutions can help captives manage natural catastrophes risk

It is said that three in every four (or as…

By Christelle Castet, climate risk specialist at AXA Climate in Paris, and Owen Williams, head of the captive centre of excellence at AXA XL in London on January 13, 2020

NAIC recognises Bermuda, Japan and Switzerland as reciprocal jurisdictions

The US National Association of Insurance Commissioners (NAIC) has approved…

By Tony Dowding on December 13, 2019