Risk managers urged to check insurance cover to protect key staff

Risk managers urged to check insurance cover to protect key staff

Risk managers urged to check insurance cover to protect key staff

After a terrible week, in which many people across Africa lost their lives travelling to work, risk managers have been urged to check their insurance policies and ensure key staff are properly protected. Key-man insurance protects individuals who are of extreme importance to the functioning of the business, however one major broker has admitted too many firms are missing out…

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Trade credit insurer Euler Hermes has released its open data platform for anyone to access, use and share its data on international B2B trade. Euler Hermes said the move gives public access to millions of exclusive datasets, and will help users make sense of international trade data, select the right prospects and do business with confidence. The insurer said its…

Marsh raises shareholding in Marsh India to 49%

Marsh raises shareholding in Marsh India to 49%

Marsh raises shareholding in Marsh India to 49%

Marsh has increased its shareholding in Marsh India from 26% to 49%, the maximum permitted foreign direct investment in India-based insurance broking firms, according to The Economic Times. The transaction has been approved by the Indian insurance regulator, the Insurance Regulatory and Development Authority (IRDAI). Marsh India is a joint venture between Marsh International Holdings and its India-based partners, including…

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

A clear majority of board directors and general counsels (GCs) agree corporate risk has increased significantly in the past two to three years, and 30% fear their business is not prepared to tackle the most serious issues, according to a new report from Clyde & Co and Winmark…

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

The US regulator has launched a legal suit against VW, alleging the German car manufacturer defrauded US bond investors in the diesel emission scandal. The case also cites former CEO Marin Winterkorn and two subsidiaries – Volkswagen Group of America Finance and VW Credit. The suit by the Securities and Exchange Commission (SEC) alleges that VW raised $13bn through corporate…

Building cyber resilience

Building cyber resilience

Building cyber resilience

Cyberspace has become a dangerous source of crime and disruption. Data breaches are increasing both in terms of size and frequency, and companies need to rethink their risk strategies, especially when it comes to cybersecurity and insurance protection. Businesses can no longer simply rely on existing traditional insurance coverages such as general liability or property, and should be looking at…