Airmic welcomes ‘landmark’ BI ruling

Airmic welcomes ‘landmark’ BI ruling

Airmic welcomes ‘landmark’ BI ruling

Airmic has welcomed the “landmark” UK Supreme Court business interruption (BI) ruling as “positive news” for insurance buyers struggling with the hard market and Covid-19. The Supreme Court has rejected appeals from six insurers and substantially upheld the Financial Conduct Authority (FCA) appeals in a test case intended to clarify BI cover for Covid-19-related losses in the UK. The judgment…

Rims names Soraya Wright as vice-president of strategic initiatives

Rims names Soraya Wright as vice-president of strategic initiatives

Rims names Soraya Wright as vice-president of strategic initiatives

Rims has appointed Soraya Wright as vice-president of strategic initiatives to replace Carol Fox, who is retiring. Ms Wright was previously the founder and chief risk officer of SMW Risk Management Consulting, and prior to that was vice-president of enterprise risk management at Target. She has been an active member of Rims for 30 years. Ms Wright will based in…

Airmic urges insurers to improve underwhelming solutions in wake of trade credit scheme extension

Airmic urges insurers to improve underwhelming solutions in wake of trade credit scheme extension

Airmic urges insurers to improve underwhelming solutions in wake of trade credit scheme extension

Airmic has welcomed the extension of the UK’s government-backed trade credit reinsurance scheme, but told CRE that many buyers remain “underwhelmed” by the products on offer from the market and urged insurers to fully embrace the intent of the state guarantee to bolster risk appetite and develop better solutions, rather than de-risk portfolios. The UK has followed moves by other…

Rims names Ellen Dunkin president for 2021

Rims names Ellen Dunkin president for 2021

Rims names Ellen Dunkin president for 2021

Rims has named Ellen Dunkin, chief risk officer, general counsel and senior vice-president at Amalgamated Life Insurance in New York, as president for 2021. Ms Dunkin worked at Rims for almost ten years until 2007 as general counsel and director of government affairs. The risk manager followed this with a stint as president of Rims’ New York chapter in 2015,…

RIMS president calls for better risk financing of extreme events

RIMS president calls for better risk financing of extreme events

RIMS president calls for better risk financing of extreme events

The president of US risk management association RIMS has urged risk professionals and the insurance industry to find new ways of financing extreme events like pandemics, and believes relationships must evolve in order to deliver. The pandemic has highlighted the importance of managing “all risks”, with dynamic and emerging threats a big concern, Laura Langone, RIMS president and head of…

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Airmic welcomes WTW’s partnership with social media data analyst Polecat

Willis Towers Watson (WTW) has partnered with data analytics and social business intelligence firm Polecat Intelligence to help clients manage reputational, product recall, life science and D&O risks. WTW will use Polecat’s AI and machine learning to provide real-time risk insight into public opinion by analysing social media. The broker said this will enable it to better support clients to…

Focus shifts to self-insurance incentives as AMRAE welcomes government statement

Focus shifts to self-insurance incentives as AMRAE welcomes government statement

Focus shifts to self-insurance incentives as AMRAE welcomes government statement

The Italian and Spanish risk and insurance sectors have joined their peers in the UK, Germany and France in calling for state support to help companies cope with future systemic risks following the catastrophic impact of Covid-19. But it seems that focus is shifting away from demand for monoline state-backed insurance pools towards broader-based incentives for greater risk management, self-insurance…

Malan and Ritz win European Risk Manager of the Year awards

Malan and Ritz win European Risk Manager of the Year awards

Malan and Ritz win European Risk Manager of the Year awards

François Malan, chief risk and compliance officer at Eiffage, and Lene Ritz, chief risk officer (CRO) and team lead at Energinet, have been named private and public sector risk manager of the year at the European Risk Management Awards 2020. Mr Malan won Private Sector Risk Manager of the Year at the fourth European Risk Management Awards hosted by Ferma…

RIMS launches in India

RIMS launches in India

RIMS launches in India

RIMS has confirmed the creation of its 80th chapter, in India, which adds to the US risk management association’s growing list of chapters in Asia and the Pacific region in particular. The Indian chapter was originally announced at the RIMS Risk Forum India 2020 on 4-5 December, a two-day virtual conference. RIMS now has four chapters in the Asia-Pacific region,…

AMRAE celebrates boost to captives in France as mandatory PPP scheme postponed

AMRAE celebrates boost to captives in France as mandatory PPP scheme postponed

AMRAE celebrates boost to captives in France as mandatory PPP scheme postponed

France’s risk management association AMRAE has welcomed plans by its government that should make it easier to set up captives and other self-insurance strategies in France. The announcement from French economy minister Bruno Le Maire also made clear that any public-private partnership (PPP) scheme in France for pandemic risk will not demand mandatory premiums. Mr Le Maire revealed an agreement…

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