CRE Risk Management
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UK regulator fines Ghana International Bank £5.8m for poor AML controls
The UK’s Financial Conduct Authority (FCA) has fined Ghana International Bank (GIB) £5.8m for failing financial crime controls. The FCA…
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Zurich report finds risk management shortfalls exacerbated storm Bernd
Simply blaming the catastrophic impact of severe weather event Bernd that caused devastating flooding and damage of up to €50bn…
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EthiXbase launches supply chain compliance checks to help firms meet Germany’s new human rights law
With six months left to comply with Germany’s new human rights legislation, UK businesses with operations in the country can…
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Pool Re to invest in terrorism risk management solutions
Pool Re is embarking on a new chapter that will see the UK’s state-backed terrorism reinsurer modernise its reinsurance offering,…
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European insurers call on EU to develop rules on third-party litigation funding
A group of leading European business associations – including Insurance Europe – have issued a joint statement that calls for…
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BELFOR cements Scandinavian position through SSG acquisition
BELFOR, a leading provider of disaster recovery services, and SSG, the Scandinavian market leader in damage restoration services, have joined…
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German diesel manipulation legal protection claims exceed €1.4bn and still rising
The cost of disputes in Germany over the so-called ‘Dieselgate’ scandal continues to rise and it now represents the costliest…
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Microsoft says Russia has increased cyberattacks on Ukraine’s allies
Microsoft has detected Russian cyberattacks on 182 organisations and businesses in 42 countries supporting Ukraine since war broke out, as…
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Hedemark Hancke, Paduano and Schouw re-elected as Ferma board members
Ferma has re-elected three board members at its general assembly after their previous mandates came to an end. Charlotte Hedemark…
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Human rights group says EU due diligence directive needs sharper teeth
FIDH, a Paris-based worldwide NGO federation representing 192 organisations from 117 countries, has called on the EC to seriously bolster…
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AXA launches digital hub for commercial clients’ changing risks
AXA has launched the development of a new digital platform that will serve as a hub for commercial buyers, bringing…
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Civil unrest poses more critical risk for companies than terrorism, warns AGCS
A jump in social unrest driven by the rising cost-of-living crisis and the growing influence of social media is elevating…
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Claims expert warns EU risk managers to prepare for more consumer lawsuits
The EU Class Actions Directive will soon be implemented across Europe and will inevitably lead to more consumer lawsuits and…
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Resilience to geopolitical threat falls as risk increases, finds Beazley survey
A falling number of business leaders in the UK and US believe they are well able to manage geopolitical risks…
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EC believes Austrian and Czech rail firms colluded to cut out competition
Austrian rail operator Österreichische Bundesbahnen (ÖBB) and its Czech counterpart České dráhy (ČD) have breached EU competition rules by colluding…
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Risk managers urged to prepare for unthinkable supply chain scenarios
Risk managers need to think the unthinkable to get a better grip on supply chain risk, which hasn’t been well…
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UK buyers need to review terrorism liability limits ahead of new Protect Duty
UK companies may need to purchase higher terrorism liability limits following the proposed Protect Duty legislation that is set to…
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Salaries on the rise for in-demand risk managers
Demand for experienced risk managers has increased since the pandemic but supply is lagging and pushing up salaries, according to…
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New Airmic chair advises members to focus on ‘frontier risks’
Airmic’s new chair Tim Graham says recent events have shown that risk managers need to look much further ahead in…
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UK data protection overhaul runs risk of more red tape
Proposed reform of the UK’s data protection laws could create more, not less, red tape for UK companies and complicate…
