Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

Frustrating Brexit deadlock highlights importance of risk management, says Ferma

The ongoing uncertainty surrounding Brexit highlights the importance of professional risk management to prepare organisations and ensure business continuity, Ferma said this week after voicing “frustration” at the current deadlock in UK parliament. Following discussions with corporate risk managers, the federation said most risk management plans are working on the assumption of a no-deal Brexit and detailed a range of…

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

Many companies ‘not ready’ for most serious corporate risks: survey

A clear majority of board directors and general counsels (GCs) agree corporate risk has increased significantly in the past two to three years, and 30% fear their business is not prepared to tackle the most serious issues, according to a new report from Clyde & Co and Winmark. The report is based on a survey and compares views of risk…

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

VW and former CEO hit with new US dieselgate lawsuit

The US regulator has launched a legal suit against VW, alleging the German car manufacturer defrauded US bond investors in the diesel emission scandal. The case also cites former CEO Marin Winterkorn and two subsidiaries – Volkswagen Group of America Finance and VW Credit. The suit by the Securities and Exchange Commission (SEC) alleges that VW raised $13bn through corporate…

IRM plans to kick-start cyber risk management skills

IRM plans to kick-start cyber risk management skills

IRM plans to kick-start cyber risk management skills

The Institute of Risk Management (IRM) wants to “kick-start” risk manager skills for the digital age with a relaunched cyber group and new digital risk management certificate. The Cyber Risk Special Interest Group, which held its inaugural meeting last month, will initially focus on cyber risk in the context of enterprise risk management (ERM). The group, which meets again in…

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing suspends entire 737 Max fleet as insurance details come to light

Boeing has suspended all 371 of its worldwide 737 Max aircraft fleet, after the US became the last major country to ground the planes over safety fears. The decision follows news that Global Aerospace is the lead insurer for Boeing, with Chubb confirmed as lead underwriter of the Ethiopian Airlines plane that crashed on Sunday and Willis Towers Watson the broker…

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

EU bans Boeing Max as Global Aerospace confirmed lead insurer

The EU has banned all Boeing 737 Max aircraft from flying in Europe over safety concerns, with more than half of the world’s 350-strong fleet now reportedly withdrawn from use. Meanwhile, Global Aerospace has confirmed it is the lead insurer for Boeing. The policy could see heavy product liability claims from the grounded aircraft, which now face serious questions. “I…

Obituary: Dawid Welman

Obituary: Dawid Welman

Obituary: Dawid Welman

Dawid Welman, founder of the Namibian chapter of the Institute of Risk Management South Africa (IRMSA) and head of group risk management at Ohlthaver & List Group of Companies (O&L Group), has died suddenly. An IRMSA statement said: “It is with great sadness that we advise of the recent passing on of one of IRMSA’s most esteemed members, Dawid Welman.…

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Lesotho has topped the suicide list for women globally, as the World Health Organisation (WHO) revealed someone commits suicide every 40 seconds. Companies are being urged to encourage staff to be more open about mental health issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, said: “Last month, we celebrated the Time to Talk Day 2019 – a…

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