Captive appointment by Willis Towers Watson Management (Bermuda)

Captive appointment by Willis Towers Watson Management (Bermuda)

Captive appointment by Willis Towers Watson Management (Bermuda)

Willis Towers Watson Management (Bermuda) has appointed Steve Arrowsmith as executive vice-president and head of client services, according to Bermuda’s Royal Gazette. Paul Bailie, head of Willis Towers Watson’s Bermuda captive practice, said: “Steve brings a wealth of experience that will enable us to further enhance our client service offerings and drive innovative risk finance solutions to help clients meet…

Zurich North America appoints new head of group captives

Zurich North America appoints new head of group captives

Zurich North America appoints new head of group captives

Zurich has appointed Jason Meador as head of group captives in alternative markets for Zurich North America, effective 1 January 2019. He will be responsible for the operational management of Zurich’s group captives business, including member-owned, agency and fronted captives, and ensuring strong relationships with captive consultants and captives boards. He will continue to report directly to David Putz, head…

The SingHealth cyberattack and the implications for financial institutions

The SingHealth cyberattack and the implications for financial institutions

The SingHealth cyberattack and the implications for financial institutions

In July 2018, news emerged that between 27 June and 4 July, hackers had infiltrated the IT systems of Singapore Health Services (SingHealth), the largest healthcare group in Singapore. The hackers illegally accessed and copied the non-medical personal particulars of 1,495,367 patients to servers hosted overseas. Approximately 159,000 of the affected group, including Prime Minister Lee Hsien Loong and several…

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

150% hike in fuel costs sparks protests across Zimbabwe

Risk managers with interests in Zimbabwe are worried after a 150% hike in the price of fuel sparked protests across Zimbabwe. A three-day internet blackout has been imposed, making it difficult to know what is happening on the ground and to monitor the risks to property and staff. Zimbabwe President Emmerson Mnangagwa has called for “calm and peace”, adding: “As…

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Travellers warned to be on alert as Nairobi siege ends

Several Nairobi establishments popular with Westerners are reported to have closed for security reasons, after al-Shabab gunmen stormed into the Westelands Dusit complex, killing 14 people. Kenya’s President Uhuru Kenyatta said all the gunmen behind the Nairobi hotel complex attack have been killed and the 19-hour hostage crisis is over. Some 14 civilians died in the attack, however more than 700 civilians…

Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Cybersecurity, geopolitics and financial market fluctuations are among the chief concerns for business voiced by some leading risk experts as they look ahead to 2019, while in Africa the top risks remain extreme weather events, political and reputational risks. At the start of the year, senior members of the Institute of Risk Management (IRM) were asked to identify key risk…

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea sets up one-stop shop to help business

Equatorial Guinea’s business environment is set for improvement after the government launched of a one-stop shop for setting up businesses in the country. The Africa Energy Chamber has welcomed the move and executive chairman NJ Ayuk said: “The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the…

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