Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

UK companies must ensure they have done everything possible to protect their business from Brexit or face lawsuits brought by disgruntled investors, governance expert Mactavish has warned, adding that it fears many firms are not taking this risk seriously enough…

Munich Re launches battery cover to help decarbonisation

Munich Re launches battery cover to help decarbonisation

Munich Re launches battery cover to help decarbonisation

Munich Re said its new product for insuring battery performance is a “key piece of the puzzle” to decarbonise the energy market. The company said the global cover insures battery manufacturers’ warranties for ten years, and has already been taken up by US battery manufacturer ESS Inc. Munich Re said the insurance will kick in where the repair or replacement…

RIMS names Luke Figora Risk Manager of the Year

RIMS names Luke Figora Risk Manager of the Year

RIMS names Luke Figora Risk Manager of the Year

RIMS has named Northwestern University’s Luke Figora as Risk Manager of the Year 2019. David Stills, vice president of global risk management for Walmart, was inducted on the 2019 Risk Management Honor Roll. Mr Figora is senior associate vice president and chief risk and compliance officer at Northwestern University. The awards were announced ahead of RIMS’ 2019 annual conference, where…

Aon launches insurtech consultancy for marine risks

Aon launches insurtech consultancy for marine risks

Aon launches insurtech consultancy for marine risks

Aon has launched a new marine consultancy service with software firm Skytek that uses real-time satellite data to track insureds’ ships and cargo, reducing accumulation risk and potentially offering better insurance cover and pricing. Aon said mega-ports and the increasing size of container ships put insurers and reinsurers at risk of accumulation, particularly during a catastrophe. The insurtech initiative uses…