Risk Management
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Swiss captives set for lighter regulation under revised insurance law
The principle of proportionality will be enshrined in the upcoming new Swiss insurance law, thus ensuring that captives are not…
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Cat capacity crunch in focus as hurricane Ian nears Florida coast
The ability of the global insurance and reinsurance industry to shoulder catastrophe risk is being called into serious question as…
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Most companies still pay ransom to cyberattackers, survey finds
Some 44% of UK organisations have paid a ransom demand following a cyberattack during the past year, according to a…
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Dutch insurers reject need for deforestation regulation at EU level
The Dutch Insurance Association (VVN) has said the EC’s recently announced proposals for a regulation to effectively ban products that…
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Cyber remains top spot in Travelers’ risk index
Cyber risk is once again the biggest concern for US businesses polled for Travelers’ latest annual risk index, with economic…
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TikTok faces potential £27m fine for child data breaches
Social media platform TikTok has been warned that it faces a regulatory fine of £27m in the UK for failing…
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Marsh explores bringing renewable energy certificate service payments to global clients
Marsh has told Commercial Risk it is exploring the possibility of expanding its scheme to allow US clients to pay service…
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UK SMEs face array of diverse risks according to Marsh poll
Some 39% of UK SMEs named energy costs as their top emerging risk during the next 12 months, followed by…
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Boeing pays $200m after being charged with misleading investors on 737 MAX safety
Aircraft firm Boeing and former CEO Dennis Muilenburg have been charged with misleading investors about the safety of its 737…
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The risk management implications of the EU Green Deal
In 2020, the EU approved the European Green Deal, ushering in a wave of sustainability initiatives across all sectors. For…
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Bridging the risk management gap
Lene Ritz, corporate enterprise risk and insurance manager, legal and risk at Danish shoemaker ECCO, is an eager proponent of…
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Denmark commits funds to climate-related loss and damage compensation
Denmark has become the first United Nations member state to pay loss and damage compensation to developing countries for the…
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Clyde & Co launches global cyber risk network to boost resilience
Law firm Clyde & Co has launched a new cyber risk service for clients to boost their response to cyberattacks.…
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Marsh’s US clients can now pay service fees with renewable energy certificates
Marsh clients in the US can now pay for the broker’s service fees with voluntary carbon offset credits and renewable…
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Danske Bank fined €1.82m for anti-money laundering breaches
Danske Bank’s regulatory troubles have been exacerbated after it was fined €1.82bn by the Irish central bank over its anti-money…
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EU member states rapped for failing to implement transparent and predictable working conditions
A total of 19 member states have failed to transpose the EU Directive on Transparent and Predictable Working Conditions, and…
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WTW launches airport risk index to boost resilience
WTW and the University of Cambridge’s Centre for Risk Studies have launched the Airport Risk Index to boost risk management…
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Greenpeace sues EU over gas and nuclear ‘greenwashing’
Greenpeace is taking legal action against the European Union (EU) for alleged greenwashing after the bloc included fossil gas and…
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Females lead just 12% of Europe’s banks in DBRS Morningstar gender diversity analysis
Only five of 43 European banks were led by a female CEO in 2021, according to DBRS Morningstar, and although…
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EU drafts emergency powers to ease future supply chain crises
European legislators have drafted new rules that would force companies to concentrate their resources in Europe during times of supply…
