Risk Management
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LinkedIn suspends AI training using UK and EU data
Business social media platform LinkedIn has suspended training its AI models, which assist members to create posts and CVs, using…
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Ferma wants risk management more involved in CSRD
Ferma says there needs to be more strategic involvement from risk managers to help organisations meet reporting requirements under the…
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More than 80% of UK risk managers use TCFD to report on climate risk
The majority of UK risk managers (81%) use the Task Force on Climate-related Financial Disclosures (TCFD) as one of their…
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EU bans sub-group of PFAS chemicals in clothing and food packaging
European legislators have imposed new restrictions that ban the use of a sub-group of PFAS chemicals called PFHxA found in…
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Spain’s opt-out EU collective redress rules set to drive ‘abusive’ class actions, warns think tank
A bill drafted by the Spanish government to implement the EU’s Collective Redress Directive (CRD) is set to introduce more…
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Half of firms unprepared for supply chain cyberattack
Half of business leaders say their company is unprepared for a ransomware attack against critical third parties, with only 17%…
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Lebanon pager explosions ‘a modern supply chain attack’
Simultaneous explosions of electronic devices in Lebanon over the past two days have exposed supply chain vulnerabilities to new types…
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Half of firms lack operational agility, risk survey finds
A worrying number of companies feel unable to find the opportunities in today’s risk environment because they lack operational agility,…
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Google scores first appeal win against EC antitrust fines
Google has won its appeal against a €1.49bn antitrust fine levied by the European Commission (EC) in 2019 for blocking…
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UK extends deadline for funds using ‘sustainable’ names to comply
UK asset managers have been granted an extension to comply with regulations on the use of sustainable or green names…
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Scholz requests suspension of deforestation directive
German chancellor Olaf Scholz has formally asked the EU for a suspension of the implementation of the European Union Deforestation…
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Covid-19 could drive excess mortality rates for next decade: Swiss Re
Excess mortality rates are continuing to be driven upwards by Covid-19 and could remain high for the next ten years,…
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Ships need to upgrade fire systems, GDV tells IUMI delegates
Container ships, particularly those transporting electric vehicles, should be divided into fire compartments to reduce the risk of blazes at…
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Amended UK terror risk law introduced
The UK government yesterday introduced long-awaited legislation requiring public premises and events to prepare for and mitigate the risk of…
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Airmic calls for AI code to be led by corporate governance body
The UK’s risk management association Airmic has called on the UK government to ensure that a proposed code on the…
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Lloyd’s to revamp ‘unclear’ conduct code
Lloyd’s has announced plans to overhaul its rules for members’ conduct, which it has said are currently “unclear”. The announcement…
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Private-equity investment values Sedgwick at $13.2bn
Private-equity investment firm Altas Partners LP has committed to invest $1bn in Sedgwick Claims Management Services, which implies a total…
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Climate change a top-three issue for global c-suite
Climate change remains a top-three issue for global c-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent, and…
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Food group sets up French-based captive
Food producer Agrial is the latest company to set up a reinsurance captive in France. The company registered the formation…
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Red Sea and Panama shipping delays impact $1.2trn of trade
The shipping of commodities worth $1trn were disrupted at the height of the Houthis’ attacks in the Red Sea, with…