RM News
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EC takes action against member states over NIS2 cybersecurity rules
The majority of European Union countries have failed to transpose new cybersecurity rules under the NIS2 Directive, according to the…
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Captives no magic wand for French risk managers
French companies considering setting up captives as an alternative for risks in which insurers have shown little, if any, appetite,…
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European firms take biggest hit from trade wars: Verisk Maplecroft
European businesses are among the hardest hit by rising costs from deglobalisation and more protectionist trade policies, according to risk…
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Cyber rates need to rise for insurers to maintain profit: S&P
Cyber insurers will need to be clearer on policy wordings and adjust rates over the next two years, while looking…
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French firms share captive benefits as interest grows
French risk managers have stressed that their captives offer a range of benefits from boosting risk prevention and spreading the…
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Fitch backs state nat cat schemes in Europe as risk grows
The role of state-backed insurance schemes to cover exceptional risks, such as natural catastrophes, will become increasingly significant in supporting…
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Spain fines five airlines €179m for ‘abusive’ surcharges
Spain has fined five budget airlines a combined €179m for “abusive” practices, including charging passengers for hand luggage, imposing extra…
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Barclays hit with £40m FCA fine after dropping appeal
Barclays has been fined £40m after dropping its appeal against the Financial Conduct Authority’s (FCA) decision that the bank failed…
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Nation states hiding behind cyber criminals to sow chaos, warns CyberCube
The lines between nation states and cyber criminals are blurring, with state-backed threat actors increasingly adopting criminal tactics to achieve…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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UK business suffers £44bn of cyber losses in last five years
Howden says basic cybersecurity measures could save the average UK company £3.5m over the next decade, as its research finds…
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Four in five business leaders not confident in ability to manage emerging risk
Only 20% of key business decision makers and their teams think their organisation will be able to respond adequately to…
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Europe moots alternatives to PFAS ban as consultation continues
Europe’s chemicals regulator is considering alternatives to a complete ban on PFAS in the European Union, as it continues to…
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SEC enforcement actions down in 2024
The 80 enforcement actions filed by the US Securities and Exchange Commission (SEC) against public companies and their subsidiaries during…
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Listeria outbreak in US triggers surge in recalls: Sedgwick
An outbreak of listeria in the US over the summer has driven up the number of defective units covered by…
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Swiss captive SBB pilots first-ever sustainability-linked insurance contract
Swiss Federal Railways’ (SBB) direct insurance captive is going to pilot the first-ever sustainability-linked insurance contract, which links premiums to…
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UK and France launch joint corruption probe into Thales
French defence and aviation firm Thales is under investigation for bribery and corruption allegations in a joint probe between the…
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Conflict zones up 65% since 2021 but business exposure limited
Parts of the world affected by armed conflict has grown by 65% in just three years, with the Middle East…
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Bryne named CRO at Reassured
Philip Byrne has been appointed as the new chief risk and compliance officer at the UK’s largest life insurance broker…
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UK talc class action filed against Johnson & Johnson
A class action in the UK against US manufacturer Johnson & Johnson (J&J), which claims its talcum powder products caused…