Is it conflict of interest or relationships?

Is it conflict of interest or relationships?

Is it conflict of interest or relationships?

Conflict of interest has been topical in recent history, with the debacle of ‘state capture’ and scandals such as Steinhoff raising questions about the effectiveness of the governance structures existing within the corporate and public sectors in South Africa. Lindiwe Magobholi, Institute of Risk Management South Africa (IRMSA) risk intelligence committee member, asks: “Are governance structures even there? Do they…

Autonomous ships to take decades says Kennedys, amid low levels of public support

Autonomous ships to take decades says Kennedys, amid low levels of public support

Autonomous ships to take decades says Kennedys, amid low levels of public support

The buzz around autonomous shipping could be premature, with the adoption of fully automated ships likely to take decades rather than years, according to law firm Kennedys. The legal and regulatory obstacles are too substantial for autonomy to reach its full potential any time soon, the law firm said. Regulatory standards led by the International Maritime Organisation (IMO) and the…

‘Improved’ ISO 22301 business continuity standard boosts resilience

‘Improved’ ISO 22301 business continuity standard boosts resilience

‘Improved’ ISO 22301 business continuity standard boosts resilience

Revised business continuity standard ISO 22301 is less prescriptive, has been simplified and is more accessible to corporates, according to experts and commentators, who also believe it will help boost resilience. Finalised at the beginning of this month, the new version updates standards and definitions relevant for today’s business continuity management systems (BCMS). Companies certified to the 2012 version of…

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Security threats, civil unrest and geopolitical unrest are the three top risks that may persuade business travel managers to change their itineraries in 2020, according to the Business Resilience Trends Watch Survey carried out by medical and travel services company International SOS. The survey, based on responses from more than 1,300 business travel decision-makers, is carried out in partnership with…

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Large-scale cyberattacks remain the top risk for corporations across India, according to a joint study conducted by Marsh, the world’s leading insurance broker and risk adviser, and RIMS, the North America-based international risk management society. The resulting report, Excellence in Risk Management – State of Risk Management in India in 2019, was published by RIMS and Marsh at the RIMS Risk…

Corporates without CROs left ‘exposed’ to risk, warns Gallagher

Corporates without CROs left ‘exposed’ to risk, warns Gallagher

Corporates without CROs left ‘exposed’ to risk, warns Gallagher

Only one in five UK firms has a chief risk officer (CRO), despite the fact that 71% recognise they need to become more agile in assessing risk, according to a new survey of 250 UK business leaders by Gallagher. The broker warned that companies operating without a CRO are leaving CEOs without specialist skills to manage risk, exposing them to…

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Many companies are failing to adequately manage supply chain risk because various functions are still too often working in silos and not making use of technological solutions, according to expert speakers at Commercial Risk’s latest conference. There remains the need to get further board buy-in to help drive enterprise-wide supply chain risk management and deliver a proactive rather than reactive…

Marsh’s global risk head Drzik moves to advisory role

Marsh’s global risk head Drzik moves to advisory role

Marsh’s global risk head Drzik moves to advisory role

Marsh’s president of global risk and digital John Drzik is to “step back” from the role and move to an advisory position. Effective from 1 January, Mr Drzik will work with John Doyle, president and CEO of Marsh, and the broker’s global executive team on strategic risk and digital issues, while continuing to serve as chairman of Marsh & McLennan…

Best highlights strong operating performance and financial strength of rated captives

Best highlights strong operating performance and financial strength of rated captives

Best highlights strong operating performance and financial strength of rated captives

European captive ratings have been stable through the past year, according to AM Best, with all of the ratings affirmed and their stable outlooks maintained. All of the European captives currently rated by Best have balance sheet strength assessments of ‘very strong’. Best said this is typically underpinned by the strongest level of risk-adjusted capitalisation. In addition, most of the…

Artex Risk Solutions buys EWI RE

Artex Risk Solutions buys EWI RE

Artex Risk Solutions buys EWI RE

Artex Risk Solutions has acquired Dallas-based EWI Re Inc for an undisclosed amount. EWI Re offers reinsurance programme design and placement services for captives and mutual insurance companies, as well as run-off and legacy solutions and safety and loss control services. Artex said EWI Re’s specialty risk management practice “is built to support large insureds with demanding insurance needs”. The…