New chairman of Thomas Miller Isle of Man

New chairman of Thomas Miller Isle of Man

New chairman of Thomas Miller Isle of Man

Thomas Miller has appointed Ross Dennett as chairman of Thomas Miller (Isle of Man) Limited. He took over the role on 1 April 2020 from Rod Lingard, who is retiring after more than 30 years with the group. Mr Dennett is a member of the Thomas Miller (Isle of Man) management team and was managing director of Thomas Miller Captive…

Satellites identify heavy industry as big source of methane emissions

Satellites identify heavy industry as big source of methane emissions

Satellites identify heavy industry as big source of methane emissions

The powerful greenhouse gas methane is leaking from heavy industrial sites around the world at a rate equivalent to the total annual combined CO2emissions of Germany and France, according to observations made possible by new satellite technology. Kayrros SAS, a global asset observation platform, uses data from the European Space Agency’s satellites, in combination with a detection and quantification model,…

ECJ deliberates national class actions in dieselgate decision

ECJ deliberates national class actions in dieselgate decision

ECJ deliberates national class actions in dieselgate decision

The European Court of Justice (ECJ) could allow EU owners of cars embroiled in the dieselgate scandal to sue manufacturers in their national courts, where the vehicle was bought. The ECJ is considering a new legal opinion and typically takes up to four months to return its position. The opinion, by advocate general Campos Sánchez-Bordona, was presented to the ECJ…

Risk managers will support creation of state-backed pandemic pools to plug coverage gap

Risk managers will support creation of state-backed pandemic pools to plug coverage gap

Risk managers will support creation of state-backed pandemic pools to plug coverage gap

Europe’s corporate risk and insurance managers would support the creation of state-backed insurance pools to cover pandemic risk and plug the huge coverage gap that has been exposed by the Covid-19 outbreak, based on feedback from leading industry representatives gathered by Commercial Risk Europe. The topic has risen to the top of the agenda as businesses across Europe and the…

Marriott International hit by another data breach

Marriott International hit by another data breach

Marriott International hit by another data breach

Hotel group Marriott International has reported another breach of customer data held on more than five million guests. The group said it detected a high volume of guest information accessed using two employee logins from a franchise hotel property at the end of February. The access dated back to about mid-January, Marriott said, and an investigation has begun. Customers have…

Bayer settles weedkiller class action for $39.6m

Bayer settles weedkiller class action for $39.6m

Bayer settles weedkiller class action for $39.6m

German pharmaceutical and life sciences company Bayer AG has agreed to pay $39.6m to settle a class action that alleged its Monsanto unit misled customers about the safety of weedkiller Roundup. The class action claimed Monsanto, which was acquired by Bayer in 2018, did not adequately label the health risks of Roundup’s key ingredient glyphosate, which has been linked to…

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

The International Federation of Risk and Insurance Management Associations (IFRIMA) has warned risk managers they will face belligerent claims staff and unscrupulous insurers as the Covid-19 crisis unfolds. The stark warning came from IFRIMA president Gert Cruywagen, writing to risk managers in his native South Africa. “There will be many new risks after Covid-19,” he stressed. “Those of us who…

ANRA hosting webinar on Covid-19 as Moody’s shifts Italian life insurers to negative

ANRA hosting webinar on Covid-19 as Moody’s shifts Italian life insurers to negative

ANRA hosting webinar on Covid-19 as Moody’s shifts Italian life insurers to negative

Italian risk management association ANRA is hosting a webinar on Friday morning on how to operate and manage risks in the Covid-19 crisis. ANRA president Alessandro De Felice will be joined by lawyers Claudio Perrella, Alessio Totaro and Piero Magri of R&P Legal, a leading Italian commercial law firm. The discussion will focus on the complex insurance matters raised by…

DAC gives advice for D&Os under mounting coronavirus risks

DAC gives advice for D&Os under mounting coronavirus risks

DAC gives advice for D&Os under mounting coronavirus risks

The Covid-19 pandemic has exposed company directors to heightened legal and directors and officers (D&O) risk, from liabilities for wrongful trading to breach of fiduciary duties, with a fine line between the two, according to a briefing note from DAC Beachcroft. The pandemic has mothballed many businesses, putting them under financial distress and presenting directors with difficult decisions about whether…

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