Learning lessons from Covid-19

Learning lessons from Covid-19

Learning lessons from Covid-19

With more than 100 years since the last global pandemic, it is not surprising that words like “unprecedented” are being used to describe the current coronavirus crisis, according to Claire McDonald, UK and Ireland country manager for Risk Frontiers Europe sponsor HDI Global. “It’s beyond our collective consciousness,” she says. “We have slightly reworked history. You may have heard people…

Risk managers showing their value through Covid-19 crisis

Risk managers showing their value through Covid-19 crisis

Risk managers showing their value through Covid-19 crisis

Continuity is the key to success with Covid-19, Chris Staes of HDI Global being prepared and able to provide clients with business continuity when it comes to insurance requirements was essential in the early days of the Covid-19 crisis. The key to that, says Chris Staes, Belgium country manager of Risk Frontiers Europe sponsor HDI Global, was providing continuity to…

Cat among the pigeons

Cat among the pigeons

Cat among the pigeons

Brokers are not enjoying a great time currently, with questions raised again about conflicts of interest, inadequate transparency and the value that mega groups bring to the table for customers. Steve McGill has launched London-based international specialty broker McGill and Partners and vows to break the mould, especially in the larger corporate space. Commercial Risk Europe editorial director Adrian Ladbury…

The global and local elements of cyber risk

The global and local elements of cyber risk

The global and local elements of cyber risk

For multinational programmes, the need for global coverage combined with local policies and servicing is a constant thread, and nowhere is this more true than with cyber insurance. Cyber risks always have a global and a local dimension at the same time, hence the need for insurance to provide global coverage that can respond locally.

Financial interest clauses: viable, useful, but not a panacea

Financial interest clauses: viable, useful, but not a panacea

Financial interest clauses: viable, useful, but not a panacea

A financial interest clause (FINC) is not a panacea for issues of compliance and regulation in the context of a global insurance programme, but it is a viable proposition, according to Praveen Sharma, managing director, global leader of the insurance regulatory and tax consulting practice at Marsh. He added that FINCs should be used as a matter of last resort.…

BEAT update: Mitigation strategies

BEAT update: Mitigation strategies

BEAT update: Mitigation strategies

In 2017, the US Congress enacted Internal Revenue Code Section 59A – a new base erosion and anti-abuse tax, colloquially known as BEAT. As BEAT has been in force for a couple of years, it has led to a rethink of how insurers structure global insurance programmes, with various different approaches from the insurance sector designed to manage the impact…

Using captives in multinational employee benefits programmes

Using captives in multinational employee benefits programmes

Using captives in multinational employee benefits programmes

Employee benefits are an important part of any global corporation’s risk and insurance spend. While many benefits are localised in nature, there are real advantages to managing them on a global level when possible. Matthias Helmbold, head of technical and services at MAXIS Global Benefits Network, and Matthew Latham, head of global programmes and captives at AXA XL, explain the…

Cybersecurity: Setting the tone at the top

Cybersecurity: Setting the tone at the top

Cybersecurity: Setting the tone at the top

An organisation’s approach to cybersecurity must be embedded within its overall approach to enterprise risk management, with boards responsible for enabling the right culture and frameworks, explain Sebastian Hess and Stephen Morton. Companies and their boards are faced with a highly dynamic cyber risk landscape, including more targeted ransomware threats and, more recently, exposures associated with increased remote working. The…

Global programme networks: quality matters (not just size)

Global programme networks: quality matters (not just size)

Global programme networks: quality matters (not just size)

Risk managers require many things from their insurer when it comes to serving their global insurance programmes. To begin with, they are looking for a network that covers all the territories in which their company needs insurance and risk management services. But it is not simply about the size of the network and the number of territories covered. Risk managers…

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