Supply Chain
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More UK firms in talks to buy revolutionary connected risk cover
Following AstraZeneca’s ground-breaking reinsurance deal last month, more UK companies are looking to use their captives to cover so-called “connected…
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Managing tomorrow’s risks today: Julia Graham
Airmic has been focusing on a matrix of issues this year with the mega risks of geopolitics, geoeconomics, climate change…
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Moody’s warns of supply chain risks ahead of hurricane season
Companies in North America exposed to the Atlantic have been advised to redesign their supply chain network to avoid the…
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Business interruption leading risk for underinsured food and drink firms: WTW
Business interruption (BI) was named as the top internal risk for almost half (48%) of food and drink companies in…
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Supply chain disruption driving political risk losses, finds WTW
The majority of multinational companies (76%) suffered a political risk loss in the past year, with supply chain disruption due…
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Shipping losses decline but supply chain disruption grows
Significant improvements in maritime safety have seen annual shipping losses decline by 70% over the past decade, but supply chains…
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Bankruptcy levels in Europe begin to fall after 2023 peak
The number of businesses in the European Union entering bankruptcy fell from peak levels recorded in Q4 2023 by 0.8%…
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Product recalls in Europe in Q1 set 2024 on track for record high: Sedgwick
Product recalls in Europe and the UK jumped 10.4% in the first quarter of 2024, according to Sedgwick, and with…
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Survey suggests risk management losing gains made since pandemic
A survey from Origami Risk finds that risk professionals feel their company has deprioritised risk management over the past year,…
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Multinationals may seek to relocate supply chains to avoid ESG demands
Companies may be opting to relocate production to regions with less strict environmental regulations in order to circumvent the costs…
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More European corporates buying supply chain cover: Allianz Trade
Demand for supply chain insurances from European corporates has increased, according to Allianz Trade, as global challenges continue to affect…
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No evidence of major supply chain shift from China
Allianz Trade, the German insurance group’s credit insurance arm, says that despite much talk recently of a decoupling of supply…
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Over 50% of exporters considering moving supply chains due to geopolitical risk
More than half of corporates globally are considering relocating supply chains because of geopolitical risks, according to Allianz Trade as…
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WTW teams with local insurer to roll out war cover for on-land cargo in Ukraine
Broker WTW has partnered with Ukrainian insurer VUSO to cover cargo and war-on-land risks in the country in a “market…
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Asian firms advised to up their game as supply risk intensifies
Asian companies are facing up to a fluid situation within the global supply chain as the lingering impact of Covid-19,…
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Supply chains warned of further disruption and costs as Red Sea risk zone widened
Danish shipping firm Maersk has warned that supply chains face further disruption amid longer journey times and extra costs for…
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Asian risk managers must turn focus to due diligence
Asian risk and insurance managers will increasingly find themselves subject to similar corporate sustainability reporting and due diligence standards as…
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Baltimore bridge supply chain insurance losses likely
The collapse of the Francis Scott Key Bridge in Baltimore in March could well result in supply chain-related losses under…
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Marsh launches AI-powered supply chain solution
Marsh has launched an AI-powered platform with integrated advisory services that it says will transform how supply chain risks are…
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Chubb’s Greenberg calls for prolonged tort reform campaign: Rims Riskworld
Insurers and policyholders must adapt to sustained higher levels of economic inflation and “social inflation”, Evan Greenberg, chairman and CEO…