RSA merges global and UK commercial units, with Buckle to stand down

RSA merges global and UK commercial units, with Buckle to stand down

RSA merges global and UK commercial units, with Buckle to stand down

RSA has merged its commercial risk solutions (CRS) and global risk solutions (GRS) businesses in a move that will see the former’s managing director, Tony Buckle, leave the company. The new company focused on corporate risk will be called RSA Commercial Lines. RSA said its creation was driven by changes to its UK business during the past year, including pulling…

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

A new whitepaper from RIMS says risk managers and IT professionals still struggle to communicate on digital risks. It lays out ways for the two functions to better collaborate and speak the same language to close the protection gap. The Bridging the Digital Risk Gap paper by RIMS and ISACA, an international association focused on IT governance, says risk management and…

UK discrimination and pay gap laws should include class, says trade body

UK discrimination and pay gap laws should include class, says trade body

UK discrimination and pay gap laws should include class, says trade body

UK trade union body the TUC is calling for new laws to end class discrimination in the workplace and force companies to report on class pay gaps. It said class prejudice should be treated under the same discrimination laws as race, sex and disability, calling on the government to take action. At the same time, the TUC said businesses should…

French broker Verlingue acquires Groupe Eyssautier

French broker Verlingue acquires Groupe Eyssautier

French broker Verlingue acquires Groupe Eyssautier

Corporate insurance broker Verlingue has acquired fellow French firm brokerage Groupe Eyssautier, adding marine and transport expertise while expanding its international footprint through Groupe Eyssautier’s Lloyd’s operation. Verlingue said the acquisition is in line with its 2022 strategic plan to target innovation and growth. Groupe Eyssautier has offices in Paris, Marseille and London as a Lloyd’s broker specialising in marine…

RIMS presents top Canadian risk management award to Jim Swanson

RIMS presents top Canadian risk management award to Jim Swanson

RIMS presents top Canadian risk management award to Jim Swanson

RIMS Ontario Chapter (ORIMS) has awarded its highest risk management honour to Jim Swanson for his work as director of insurance and risk management at the province of Manitoba. Mr Swanson was presented the Donald M Stuart Award, which has been handed out each year to celebrate contributions to Canada’s risk management profession, at the RIMS Canada Conference. “Throughout my…

Economy less resilient than before financial crisis but insurance resilience rising, finds Swiss Re and LSE

Economy less resilient than before financial crisis but insurance resilience rising, finds Swiss Re and LSE

Economy less resilient than before financial crisis but insurance resilience rising, finds Swiss Re and LSE

The world’s economy is less resilient today than at the onset of the financial crisis in 2007, Swiss Re and the London School of Economics (LSE) have warned, while also finding that insurance resilience has improved globally this century. According to new macroeconomic indices published by Swiss Re and the LSE, the world economy is less resilient today than back…

Hurricane Dorian losses could reach $6.5bn

Hurricane Dorian losses could reach $6.5bn

Hurricane Dorian losses could reach $6.5bn

Total insured losses from Hurricane Dorian in the Caribbean will cost insurers between $3.5bn and $6.5bn says RMS, while Karen Clark & Company (KCC) expects losses of $5.2bn for the whole storm. AIR Worldwide has issued an insured loss estimate of between $1.5bn and $3bn for damage in the Caribbean. KCC expects insured losses of $3.6bn in the Bahamas, $1.5bn…

Investigation finds Tesla autopilot system partly at fault for crash

Investigation finds Tesla autopilot system partly at fault for crash

Investigation finds Tesla autopilot system partly at fault for crash

A report by the US National Transportation Safety Board (NTSB) has concluded the design of Tesla’s autopilot system combined with driver “inattention” and “overreliance” on the system to cause a crash in 2018. The findings from the crash, which did not cause any major injuries, will have repercussions for liability. The Tesla car had been following the vehicle in front,…

Gallagher appoints broadcaster Jill Douglas to expand sports portfolio

Gallagher appoints broadcaster Jill Douglas to expand sports portfolio

Gallagher appoints broadcaster Jill Douglas to expand sports portfolio

Gallagher has appointed sports broadcaster Jill Douglas to its UK operations as a business development consultant, as part of plans to expand in the sport, media and entertainment market. Ms Douglas started working for the Lloyd’s market in 2014, after fronting rugby and cycling coverage for the BBC, ITV and BT Sport. At Gallagher she will work with established teams…