Risk Management
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Healthcare overtakes finance to register most cyber breaches in 2022: Kroll
Healthcare reported the most cyber breaches of all sectors in 2022, overtaking finance to account for 22% of incidents, up…
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New head of captives in APAC and Europe at AXA XL
Marine Charbonnier has been appointed as head of captives and facultative underwriting, APAC & Europe at AXA XL Insurance. She…
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New regs adding to supply chain woes
A surge of new regulations across the world in response to the supply chain crisis has placed greater accountability on…
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Kraus takes over from Mahnke as head of insurance at Siemens
Holger Kraus takes over as head of insurance at Munich-based multinational Siemens on 1 February, where he will replace Alexander…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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SEC awards $28m to two whistleblowers and $101m since October
The US Securities and Exchange Commission (SEC) announced its second double-digit, multimillion-dollar whistleblower award within the past week on Tuesday…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…
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European business calls for ‘realism’ on due diligence proposal
A group of leading European business organisations including BusinessEurope, Ecoda and Insurance Europe have joined forces to tell the EU…
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Economic risks push UK execs ‘to the brink’ as business confidence collapses in Aviva poll
UK business leaders have been pushed “to the brink” by an “onslaught of interconnected economic risks” as business confidence in…
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German insurers agree to updated ESG guidance with greater focus on biodiversity
The German insurance association (GDV) has updated its sustainability guidance for members two years after it was first adopted, and…
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Vermont reports captive growth in 2022
Vermont has reported a good year in terms of captive growth, with the domicile licensing 41 new captive insurance companies…
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Databarracks adds crisis management cyber services
Databarracks has extended its cyberbreach recovery offering to include non-IT services such as crisis management. The business continuity and disaster…
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UK suffered 41% of its largest ever cyberattacks last year, says TWC
IT firm TWC IT Solutions says its analysis of the 200 most significant cyberattacks in the UK since 2006 shows…
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Europe’s risk managers need to act as EU ramps up cyber resilience rules
Europe’s risk managers will need to become more involved in their organisations’ cyber security strategies as the EC steps up…
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Supply chain resilience efforts start to wane, finds BCI
Efforts to boost supply chain resilience are starting to wane, despite supply chain disruption running at twice pre-pandemic levels, according…
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Dutch risk managers warned to brace for more class actions in 2023
Risk managers in the Netherlands and their defence lawyers can expect more class actions brought against big firms in 2023…
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German firms warned to act on coming Cyber Resilience Act or risk ‘severe’ penalties
Germany-based IoT-Security provider ONEKEY has warned that the coming EU Cyber Resilience Regulation could lead to “millions” in fines for…
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Airmic members say rate increases continue to slow with first signs of softening
Airmic said its latest member survey reveals continued “green shoots” for insurance buyers as rate increases slow and some risk…
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GDPR fines more than double in 2022 to €2.9bn, says DLA Piper
Data protection fines levied by European regulators more than doubled in 2022 to €2.92bn from €1.09bn in the previous 12…