RM News
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Ferma calls on European Council to bring in risk management expertise to boost cyber resilience
European risk management association Ferma has called on the European Council to draw on risk management expertise to deliver on…
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Property owners turning to captives despite market slowdown
Despite a slowdown in the pace of property insurance rate increases, buyers continue to use captives to finance their property…
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Record number of ransomware attacks in 2023: Corvus
There was a record number of ransomware attacks in 2023 with a total of 4,496 leak site victims, compared with…
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Only half of companies confident in AI security, S-RM survey finds
Almost all (97%) of US and UK business leaders plan to increase their use of AI over the next 12…
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Howden buys UK risk manager AHR Consultants
Broker Howden has acquired UK risk management group AHR Consultants, which specialises in providing HR support for businesses alongside health…
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New York, LA and London top world’s most resilient cities list
US cities New York and Los Angeles top a list of the world’s 25 most resilient cities in a report…
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Data breach victims almost double in UK, says Chaucer
Cyberattacks in the UK last year breached the financial data of 53 million individuals, according to global specialty insurer and…
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Germany needs flood ‘masterplan’, says GDV
The German insurance association (GDV) has called for a “well thought-out masterplan” with federal and state involvement to tackle the…
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Efrag consults on sustainability standards for captives and SMEs
The European Financial Reporting Advisory Group (Efrag) has opened a public consultation on two Exposure Drafts for sustainability reporting standards…
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Brazil court orders mining firms to pay $9.6bn for 2015 dam collapse disaster
Brazilian mining company Vale, Anglo-Australian mining firm BHP and their joint venture Samarco have been ordered to pay $9.6bn for…
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Captive formation still surging
Captive market growth continues to surge as businesses of various sizes turn to these risk-financing vehicles to manage their insurance…
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Owners leveraging captives to negotiate lower rate hikes
Risk managers can use captives to negotiate down prospective commercial insurance rate hikes, even if they don’t end up using…
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AI to drive rise in cyberattacks over next two years, warns UK’s cyber agency
Artificial intelligence (AI) will increase both the volume and impact of cyberattacks in the next two years, further accelerating the…
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Origami launches mobile app for EHS risk professionals
Software-as-a-service technology firm Origami has launched a mobile app for environmental, health and safety (EHS) risk management professionals. Origami Mobile…
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AI and bots could threaten future of trading
AI and bots pose a real threat when it comes to market manipulation, according to research released by UK-based regulatory…
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Ewing rejoins Cotton in ERM role
Former Rims president Lance Ewing has rejoined Cotton Holding as vice-president of enterprise risk management. Ewing previously worked at Cotton,…
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US payment fraud attempts jump 71%
The number of payment fraud attempts on US companies jumped 71% last year, driven by cybercrime, finds new research by…
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UK presses directors to take ‘firm grip’ on cybersecurity
UK businesses and their directors have been told to “toughen up” cybersecurity and prioritise cyber threats as the government prepares…
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Risk prioritisation key to avoiding overload amid ‘intense volatility’, says Signorelli
Zurich Commercial Insurance CEO Sierra Signorelli has told Commercial Risk that the next decade is set to be characterised by…
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Ransomware attacks jump 84% in 2023: NCC
Ransomware attacks increased by 84% in 2023, according to global cybersecurity firm NCC Group. It said the 4,667 cases recorded…
