Report highlights significant tightening of environmental regulation globally

Report highlights significant tightening of environmental regulation globally

Report highlights significant tightening of environmental regulation globally

Recent increases in global legislation have become the biggest change to environmental risk in years, according to a new report from Chubb in collaboration with Clyde & Co. The new environmental risks report, Global Management of Environmental Risk, explores the impact of environmental risk on multinational businesses, and focuses on recent increases in global legislation. Suresh Krishnan, head of global…

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Helene Westerlind, a Swedish citizen, joined Zurich as liability claims adjuster in 2003 before becoming a liability underwriter. Between 2008 and 2016 she held various leadership roles within Zurich Global Corporate, both in operations and underwriting services. In September 2016, Ms Westerlind was offered a new role as global head of international programmes within Zurich’s new commercial insurance business operation.…

Pension Protection Fund compensation cap: unlawful?

Pension Protection Fund compensation cap: unlawful?

Pension Protection Fund compensation cap: unlawful?

Since 2005, the UK’s Pension Protection Fund (PPF) has paid compensation to members of defined benefit (DB) pension schemes where the sponsoring employer becomes insolvent. An advocate-general of the European Court has recently given an opinion that the compensation does not satisfy the EU Insolvency Directive. If Grenville Hampshire v the board of the Pension Protection Fund (Secretary of State…

The JCPOA: The new US position is now clear…sort of

The JCPOA: The new US position is now clear…sort of

The JCPOA: The new US position is now clear…sort of

As noted in our previous article on 4 May, US President Donald Trump threatened last January to withdraw from the Joint Comprehensive Plan of Action (JCPOA) if he did not think its flaws could be fixed. While the JCPOA does not contemplate withdrawal of a party, we suggested that, to President Trump, ‘withdrawal’ might mean reinstatement of all US sanctions…

The year of the underwriter

The year of the underwriter

The year of the underwriter

European risk managers need to start warning bosses about a more challenging year ahead in negotiations with insurers, and would be foolish to promise more cost savings because of ever-softening markets. But, based on comments made by figures such as Evan Greenberg of Chubb, Brian Duperreault of AIG and a group of three leading German insurance market insiders speaking to…

The insurer’s perspective

The insurer’s perspective

The insurer’s perspective

HDI Global is once again sponsor of our annual European Risk Frontiers survey of Europe’s leading risk managers. Alongside each national discussion with risk managers, we are also interviewing a senior executive from HDI to hear the insurer’s view on this year’s questions. Dirk Schilling, head of casualty guidance and captive services at HDI, gave Commercial Risk Europe editor Adrian…

Supply chain: a critical risk undergoing rapid evolution

Supply chain: a critical risk undergoing rapid evolution

Supply chain: a critical risk undergoing rapid evolution

Kenneth Travers, technical hazards team and global business impact specialist at AIG, took part in the panel discussion on risk identification and modelling at Commercial Risk Europe’s supply chain risk conference in London at the end of last year. As we prepare for this year’s event that will be held in London on 10 and 11 December, we asked Mr…

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

On 12 January this year, US President Trump announced his intention to not renew US sanctions waivers that underpin US participation in the Joint Comprehensive Plan of Action (JCPOA) for Iran if that agreement’s “terrible flaws” are not fixed. President Trump has also said that if he believes fixing the JCPOA is not within reach, he would withdraw from it.…

Managing the risks associated with workplace sexual harassment and misconduct around the world

Managing the risks associated with workplace sexual harassment and misconduct around the world

Managing the risks associated with workplace sexual harassment and misconduct around the world

Sexual abuse, harassment and misconduct continue to place higher up the political and social agenda globally, following a raft of allegations in ever-widening high-profile sectors. Increasing public awareness has burst the dam of secrecy, resulting in a tsunami of calls for greater transparency across many organisations and industries. As a consequence, corporate cultures must change to ensure appropriate safeguards are…

European Risk Frontiers survey already throwing up surprising results

European Risk Frontiers survey already throwing up surprising results

European Risk Frontiers survey already throwing up surprising results

Our annual european risk Frontiers survey of Europe’s leading risk managers, sponsored again by HDI Global, is this year being expanded to include a wider range of risk professionals by adding snap polls at industry events and online Q&As with our readers. This approach has already produced some interesting results that we believe will pose serious questions for the insurance…

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