IGREA, the association of risk and insurance managers within Spain’s largest companies that was formed last year, plans to step up its lobbying effort now that the group has a formally elected board and strategy in place.
Demand for risk management expertise is booming in Poland, as a law passed last year to make the adoption of robust risk management systems in the public sector mandatory takes effect.
White Rock, the company owned by Aon that manages Protected Cell Company (PCC) facilities in Gibraltar, Guernsey, Luxembourg, Malta and Bermuda, has launched its latest operation in the Isle of Man.
Kevin W. Knight, Chair of the International Organization for Standardization (ISO) working group that developed the ISO 31000 risk management standard, finds it surprising that the recent Icelandic volcanic eruption appears not to have featured as a risk that airlines and other companies felt they needed to manage.
Senior representatives of the European Parliament and Commission last week reassured insurance buyers that their concerns about Solvency II are being listened to and that pressure to ensure that captives enjoy simplified treatment is under serious consideration.
It is the beginning of the financial crisis for many risk and insurance managers who will experience a lag impact from the credit crunch, according to Bruce Hepburn, Chief Executive at specialist research firm Mactavish and a speaker at this week’s Institute of Risk Management (IRM) conference at Keele University, England.
Risk managers must focus their efforts on the production of key pieces of management information and ensure that their risk profile is aligned to the issues, challenges and decisions that face their boards. This must be done to raise the profile of the profession within organisations, according to Stephen Roberts, leader of Marsh’s Strategic Risk Practice in the U.K.
The U.K. Law Commission is unlikely to recommend the extension of the recent reform of insurance contract law that significantly reduces the burden of disclosure on policyholders to the commercial insurance market.
Contingent commissions will be one of the key topics discussed at this year’s annual Risk and Insurance Management Society (RIMS) conference which will be held at the Boston Convention & Exhibition Center on April 25-29.
The Maltese Financial Service Authority (MFSA) has published a consultation paper for the market on its new legislation to allow the introduction of Incorporated Cell Companies (ICCs).