Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk and insurance managers have been urged to get out of their comfort zones and become more involved in tackling environmental, social and governance (ESG) risks, as research by Ferma earlier this year shows just a third currently play a role. Bart Smets, head of insurance and risk at global materials technology and recycling group Umicore, pointed to a survey…

Chubb creates climate sustainability role

Chubb creates climate sustainability role

Chubb creates climate sustainability role

Chubb has appointed Alexandra Waldman to the newly created role of climate sustainability manager. In her global position, Ms Waldman will identify opportunities for climate-related products, encourage employee engagement in climate sustainability and establish a framework to measure the insurer’s sustainability initiatives. Ms Waldman was formerly Chubb’s senior environmental programme manager, having first joined Ace in 2011 as an environmental…

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali Global Corporate & Commercial (GC&C) UK has partnered with specialist Power Energy Risk (PERse) to deliver global renewable energy solutions, with a focus on wind and solar plants. PERse is the largest US-based renewable energy underwriter and part of Ryan Specialty Group. GC&C UK said the partnership bolsters its expertise in the renewables energy sector by leading a consortium…

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Willis Towers Watson (WTW) has partnered with data analytics and social business intelligence firm Polecat Intelligence to help clients manage reputational, product recall, life science and D&O risks. WTW will use Polecat’s AI and machine learning to provide real-time risk insight into public opinion by analysing social media. The broker said this will enable it to better support clients to…

Anra backs call for state-backed Italian insurance solution

Anra backs call for state-backed Italian insurance solution

Anra backs call for state-backed Italian insurance solution

Italy’s risk and insurance management association Anra is ready to work with its national insurance association Ania to call on the Italian government to create a state-backed insurance facility, to help business cope with future health crises and other risks that the commercial insurance market is struggling to cope with. Anra believes that to help ensure greater resilience within the…

This is the time for action

This is the time for action

This is the time for action

This issue of Commercial Risk Asia is wholly based on a series of in-depth interviews carried out with leading members of the Pan-Asia Risk & Insurance Management Association (Parima) for our annual Risk Frontiers survey. The point of this survey is to provide risk and insurance managers across the world with a unique platform to express their views on key…

Parima members look for alternatives as market hardens

Parima members look for alternatives as market hardens

Parima members look for alternatives as market hardens

Risk and insurance managers in the Asia-Pacific region are by no means immune from the rapidly hardening global corporate insurance market, as insurers seek to push up prices and limit cover and capacity on the back of the Covid-19 crisis. The hardening was actually already underway in the region before the crisis hit but, as in Europe, members of the…

Risk managers need to focus on financial stress, health and safety, and planning

Risk managers need to focus on financial stress, health and safety, and planning

Risk managers need to focus on financial stress, health and safety, and planning

Financial sustainability, health and safety of customers and staff members, job security of staff, and business plans and projections, are the main exposures brought about by the Covid-19 pandemic; and risk managers need to play a central role in their management, according to a board member of the Hong Kong chapter of Parima. The risk manager, who chose to remain…

CFC launches new cover for M&A IP risks

CFC launches new cover for M&A IP risks

CFC launches new cover for M&A IP risks

Specialty insurer CFC has launched a new cover that protects buyers from intellectual property (P) infringement risks in mergers and acquisitions (M&A). Angus Marshall, transaction liability practice leader at CFC, said buyers frequently take out transaction liability insurance to protect themselves against financial loss resulting from breaches of representations and warranties made by the seller. While this includes cover for…

Time to act on global programmes

Time to act on global programmes

Time to act on global programmes

Commercial Risk is hosting its first virtual conference dedicated to the Asia-Pacific risk and insurance management community, on the increasingly important topic of global programmes, on 24–25 November. The conference, titled ‘Global Programmes Asia – gaining maximum benefit’ follows the success of Commercial Risk’s first virtual event focused on the same topic in Europe at the end of September. Global…