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.…

Managing employee safety risks

Managing employee safety risks

Managing employee safety risks

It is often said that its employees are the most valuable asset a business has, and as a risk manager, protecting people should be your top priority. As a risk manager, you are broadly responsible for protecting the three ‘Ps’ of your business – its property, its people and its profitability. While these are clearly connected in many cases –…

UAE Cabinet resolution – an end to 51% local ownership?

UAE Cabinet resolution – an end to 51% local ownership?

UAE Cabinet resolution – an end to 51% local ownership?

Risk managers should be aware of new rules in the UAE that will affect business ownership and also business visas. On 20 May 2018, the UAE Cabinet announced that it has passed a resolution to relax the onshore foreign ownership restrictions to spur economic growth in the UAE. This move has the potential to affect all businesses in the UAE,…

The UAE’s new arbitration law under review

The UAE’s new arbitration law under review

The UAE’s new arbitration law under review

Aimed at inspiring investor confidence, on 3 May 2018 a new arbitration law was issued by the President of the United Arab Emirates. It is expected to be published as Federal Law No. 6 of 2018 on Arbitration (the Arbitration Law). The Arbitration Law repeals Articles 203 to 218 of the UAE Civil Procedure Code (Federal Law No. 11 of…

People risk in international programmes

People risk in international programmes

People risk in international programmes

It is often said that the human workforce is a company’s most precious asset. And as companies of all sizes continue to expand, and more employees travel for their jobs, it’s even more important for risk managers to keep a handle on people risks. Companies can protect their people using their accident and health international programme structures, explains Toni Le…

Insurers look to provide seamless global programme coverage after Brexit

Insurers look to provide seamless global programme coverage after Brexit

Insurers look to provide seamless global programme coverage after Brexit

The recent statement from the EU’s financial services chief that there are no guarantees that insurance policies will not be affected by Brexit would not have been welcomed by risk managers with global insurance programmes. One of the most important elements of such programmes is seamless coverage and contract certainty. Ensuring claims can be paid is clearly a vital part…

Ten factors in choosing an insurer for a global insurance programme

Ten factors in choosing an insurer for a global insurance programme

Ten factors in choosing an insurer for a global insurance programme

Choosing an insurer for a global insurance programme is not an easy task, but there are a number of factors that can help risk managers to decide which insurers are appropriate for running a global programme. Here are the top ten factors to take into consideration. 1. Global representation Global representation is clearly of vital importance. A multinational programme requires…

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…

Designing Captives for Latin America

Designing Captives for Latin America

Designing Captives for Latin America

Risk management in large organisations has evolved considerably but the implementation of new approaches varies by region. Outside Latin America, captives are more readily accepted as a way of managing corporate risk but there has been increased activity within that region, and it is no secret that captive solutions have gained momentum. There are now more than 100 captive insurance…

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