RM News
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Europe leads rise in protectionism to secure supply chains
European countries are leading a global trend towards more protectionist policies, according to risk intelligence research firm Verisk Maplecroft. New…
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Switzerland moves to extend climate reporting scope
The Swiss Federal Council has opened a consultation on a revision to the scope of the national climate reporting requirements…
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Italy delays mandatory nat cat scheme
Italy has delayed new rules that will make it compulsory for companies to buy natural catastrophe cover, according to reports.…
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Increase in large-scale projects adds to construction risks
Construction “megaprojects”, generally defined as $1bn or more, have proliferated in recent years as sectors from technology to manufacturing undertake…
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Lloyd’s warns of huge cost of next pandemic
Lloyd’s has published its latest systemic risk scenario, which finds the global economy could be exposed to potential losses of…
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RIMS announces retirement of CFO Kathy Gledhill
The Risk and Insurance Management Society (RIMS) has announced the retirement of its chief financial officer Kathy Gledhill, effective 31…
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Most European coastal waters and rivers breach PFAS thresholds
Most of Europe’s rivers and coastal waters, as well as a large volume of lakes, are polluted with at least…
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New rules offer Europe’s captives a mix of relief and challenges: AM Best
European captives face new regulatory challenges and added costs from cybersecurity rules imposed by DORA from January 2025 on the…
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SRS boosts Luxembourg captive team
Strategic Risk Solutions (SRS) has boosted its Luxembourg team in a move that it said will strengthen its support for…
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Survey tracks drop in employee cybersecurity awareness
Almost 70% of organisations globally say their employees lack basic cybersecurity awareness, up from 54% last year, according to a…
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Third-party cyber risk remains ‘blind spot’ for UK business
Understanding third-party cyber risk remains a “blind spot” for UK business leaders, with almost half impacted by a cyber incident…
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Risk managers best placed to help firms manage strategic climate change dilemma, says WTW
A flurry of regulation and the complexity of quantifying risks associated with climate change have left many companies facing a…
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European stock markets at most risk from geopolitical shocks
Companies listed on European stock markets are at greater risk from geopolitical shocks than those in other regions of the…
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Brazil sues VW subsidiary in historical slave labour claim
The Brazilian subsidiary of German car manufacturer Volkswagen has been landed with civil action over historical slave labour practices, according…
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Rising anxiety amid geopolitical tension to fuel people risk in 2025
Cyberattacks, political risks, climate change and the cost of living are leading to unprecedented levels of anxiety for business and…
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Rate cuts to follow £150m saving in UK personal injury awards
An increase in the discount rate applied by courts in England and Wales in personal injury claims will save insurers…
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WTW forecasts M&A surge in 2025
M&A activity is expected to “break open” in 2025, releasing the logjam built up over recent years, according to WTW.…
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D&O market set to remain soft in 2025 despite risk volatility, says Allianz
Directors and officers (D&Os) face further volatility and litigation going into 2025, as they are confronted with multiple and interconnected…
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Economic risks still dominate WEF survey
Economic risks continue to dominate the concerns of G20 business leaders polled for the World Economic Forum’s (WEF’s) latest Executive…
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UK cyber chief calls for action against ‘underestimated’ risk
The newly appointed chief of the UK’s National Cyber Security Centre (NCSC) has warned that cyber risks have been “widely…