Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Globally, the regulatory burden on corporates is on the increase. This is particularly true in relation to workplace pensions, and anyone who is involved in managing corporate risk will need to understand how this shifting regulatory landscape might impact on their business. In the UK, The Pensions Regulator (TPR) has set out its new approach to pension scheme regulation in…

A sea change: how technology is revolutionising risk management in the marine cargo industry

A sea change: how technology is revolutionising risk management in the marine cargo industry

A sea change: how technology is revolutionising risk management in the marine cargo industry

When goods are being transported, by land, sea or air, there are physical damage risks along the way. Goods can be damaged during loading or unloading, as well as during transit and even while in storage. Madeleine Griffiths, UK and Ireland cargo underwriter* at XL Catlin, now part of AXA XL, a division of AXA, explains how cargo coverage works…

US tax reform

US tax reform

US tax reform

There has been much talk about the impact of recent tax reforms in the US on the insurance sector and on global insurance programmes, with concerns over the effect on costs and structuring of programmes. There is little doubt that the reforms may necessitate some restructuring of programmes and some additional costs, but the impact for most insurers is certainly…

The importance of a consistent multinational claims service

The importance of a consistent multinational claims service

The importance of a consistent multinational claims service

A consistent claims service is essential for multinational clients wherever in the world a loss occurs. The aim of a claims service in the event of a major catastrophic loss is to minimise the impact of business interruption, preserve brand and reputation, and work closely with all parties involved to get clients’ facilities and operations back up and running as…

Emerging market risks rise

Emerging market risks rise

Emerging market risks rise

Recent months have seen increased volatility in emerging markets as foreign investors pull back from heavily indebted countries like Turkey, Argentina and South Africa. While a full-blown debt crisis looks unlikely, political risk in emerging markets is expected to heighten, driving increased demand for specialist trade credit insurance. With rising interest rates in the US, emerging markets have been finding…

Corporates face wider risks as court rules on Christmas party assault

Corporates face wider risks as court rules on Christmas party assault

Corporates face wider risks as court rules on Christmas party assault

The concept of vicarious liability continues to expand, with implications for corporates and risk managers. A recent UK Court of Appeal decision (Clive Bellman v Northampton Recruitment Limited) in which a company was found vicariously liable for an assault committed by its managing director on an employee at its Christmas party, provides further guidance on the application of the two-stage…

Climate risk disclosure – a globally coordinated approach by regulators?

Climate risk disclosure – a globally coordinated approach by regulators?

Climate risk disclosure – a globally coordinated approach by regulators?

With the world’s leading climate change scientists warning that the world has only 12 years to limit a climate change “catastrophe”, in the UN Intergovernmental Panel on Climate Change, published on 8 October, the focus on climate change has never been higher and regulatory scrutiny of how businesses assess and disclose their climate change risk exposures is set to increase…

Egypt approves new data protection law

Egypt approves new data protection law

Egypt approves new data protection law

It has recently been reported that Egypt has become the latest jurisdiction in the Middle East and north Africa region to approve a data protection law. Here is what you should know about the proposed law and what this will mean for businesses in Egypt. News outlets reported that the Egyptian Cabinet approved a law in August 2018 to protect…

Risk managers need to ask big questions as Marsh snaps up JLT

Risk managers need to ask big questions as Marsh snaps up JLT

Risk managers need to ask big questions as Marsh snaps up JLT

The news of Marsh & McLennan Companies’ (MMC) proposed acquisition of JLT was unsurprisingly met with shock and disappointment among the European risk management community, because there is little obvious value for the customer in this proposed deal. We spoke to a relatively senior broker at JLT on the day of the acquisition and asked the rather stunned individual how…

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