Property casualty insurer and reinsurer Torus has acquired Glacier Insurance AG, a subsidiary of the Glacier group, subject to regulatory approval.
Energy risks are of increasing concern to business and are now rated as big a risk as health and safety, according to energy supplier npower’s Business Energy Index, an annual survey which tracks business opinion on energy use and carbon emissions.
Further organisational crises are inevitable unless significant improvements are made to corporate culture, ethics and governance, Paul Moore, the whistleblower and former Head of Group Regulatory Risk at HBOS, told delegates at the Institute of Risk Management’s (IRM) annual conference last week.
It is the beginning of the financial crisis for many risk and insurance managers who will experience a lag impact from the credit crunch, according to Bruce Hepburn, Chief Executive at specialist research firm Mactavish and a speaker at this week’s Institute of Risk Management (IRM) conference at Keele University, England.
Risk managers must focus their efforts on the production of key pieces of management information and ensure that their risk profile is aligned to the issues, challenges and decisions that face their boards. This must be done to raise the profile of the profession within organisations, according to Stephen Roberts, leader of Marsh’s Strategic Risk Practice in the U.K.
The energy industry is at a pivotal point in its recovery, following an extremely challenging operating environment during the global financial crisis, with demand starting take off and projects that had stalled now beginning to get off the ground, says broker Aon Ltd.
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
Tendency among risk managers in financial firms and corporates to think and talk differently about operational risk does not help, warn experts.
RIMS, the U.S. risk management association, has announced that it is ‘pleased’ that broker Marsh has decided not to accept contingent commissions for its core broking business in the U.S.
The Institute of Risk Management and the Norwegian Risk Management Association, NORIMA, have announced a joint education initiative whereby NORIMA will promote the IRM’s qualifications to its members at a preferred partner rate.