Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

As the UK Government sets out its desired future relationship with the EU and the negotiations move into their final phase in the coming months, it will come as no surprise that Brexit is a subject featuring more and more in our conversations with customers and distributors alike. Understandably, they want to know what the post-Brexit world will mean for…

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such as compulsory domestic cessions to state reinsurers, the introduction of minimum net premium retention levels, market capacity sharing and higher capital requirements for reinsurance cessions overseas. Erich Bentz, network partner relationship manager for EMEA and regional director of global programmes…

Multinational insurance: what can go wrong when something’s not right

Multinational insurance: what can go wrong when something’s not right

Multinational insurance: what can go wrong when something’s not right

The fast-paced expansion of regulatory change and corresponding scrutiny worldwide make it increasingly challenging to manage multinational insurance programmes. While regulatory landscapes continuously shift, the need for companies to carefully consider how they structure multinational insurance remains constant. There are many options – ensconcing coverage in multiple local policies, relying on a single global policy, or combining both in a…

Counter-Terrorism and Border Security Bill: business interruption and the supply chain

Counter-Terrorism and Border Security Bill: business interruption and the supply chain

Counter-Terrorism and Border Security Bill: business interruption and the supply chain

The introduction of the Counter-Terrorism and Border Security Bill to the UK’s House of Commons on 6 June will, if the bill is passed without amendment, close a gap that has existed in terrorism cover since Pool Re was established in 1993 – good news for businesses and their supply chain. Currently, insurers are able to provide terrorism cover within…

Growing need for multinational environmental impairment insurance programmes: Chubb

Growing need for multinational environmental impairment insurance programmes: Chubb

Growing need for multinational environmental impairment insurance programmes: Chubb

When it comes to multinational environmental impairment insurance programmes, while a Freedom of Services-issued policy in the EU may have been good enough in the past, businesses now need to be more aware of the individual regulations and applications of insurance in different territories, according to Chubb. In its new environmental risks report, Global Management of Environmental Risk, created in…

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,…

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