Willis Towers Watson Management (Bermuda) has appointed Steve Arrowsmith as executive vice-president and head of client services, according to Bermuda’s Royal Gazette. Paul Bailie, head of Willis Towers Watson’s Bermuda captive practice, said: “Steve brings a wealth of experience that will enable us to further enhance our client service offerings and drive innovative risk finance solutions to help clients meet…
Zurich has appointed Jason Meador as head of group captives in alternative markets for Zurich North America, effective 1 January 2019. He will be responsible for the operational management of Zurich’s group captives business, including member-owned, agency and fronted captives, and ensuring strong relationships with captive consultants and captives boards. He will continue to report directly to David Putz, head…
In July 2018, news emerged that between 27 June and 4 July, hackers had infiltrated the IT systems of Singapore Health Services (SingHealth), the largest healthcare group in Singapore. The hackers illegally accessed and copied the non-medical personal particulars of 1,495,367 patients to servers hosted overseas. Approximately 159,000 of the affected group, including Prime Minister Lee Hsien Loong and several…
Risk managers will be interested to hear that insurers Allianz, Zurich and QBE, brokers Willis Towers Watson and Marsh, and reinsurer Swiss Re are among 230 firms included in the global Bloomberg 2019 Gender Equality Index, regarded as the ‘gold seal’ for corporate commitment to gender equality…
The quality of risk management has become as relevant as financial results when measuring how well a company is adapting to the new business environment, according to the president of French risk management association AMRAE…
Risk managers with interests in Zimbabwe are worried after a 150% hike in the price of fuel sparked protests across Zimbabwe. A three-day internet blackout has been imposed, making it difficult to know what is happening on the ground and to monitor the risks to property and staff. Zimbabwe President Emmerson Mnangagwa has called for “calm and peace”, adding: “As…
Several Nairobi establishments popular with Westerners are reported to have closed for security reasons, after al-Shabab gunmen stormed into the Westelands Dusit complex, killing 14 people. Kenya’s President Uhuru Kenyatta said all the gunmen behind the Nairobi hotel complex attack have been killed and the 19-hour hostage crisis is over. Some 14 civilians died in the attack, however more than 700 civilians…
Cybersecurity, geopolitics and financial market fluctuations are among the chief concerns for business voiced by some leading risk experts as they look ahead to 2019, while in Africa the top risks remain extreme weather events, political and reputational risks. At the start of the year, senior members of the Institute of Risk Management (IRM) were asked to identify key risk…
Equatorial Guinea’s business environment is set for improvement after the government launched of a one-stop shop for setting up businesses in the country. The Africa Energy Chamber has welcomed the move and executive chairman NJ Ayuk said: “The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the…
International maritime organisation BIMCO has warned that piracy in the Gulf of Guinea is an unacceptable burden to seafarers and shipping companies. It said about 40 ships have been attacked in the Gulf of Guinea in the past 12 months. Most recently, six seafarers were kidnapped from the MSC Mandy, which was on the way to Lagos, Nigeria. As a…