Business must better engage with politics to mitigate risks such as Brexit

Business must better engage with politics to mitigate risks such as Brexit

Business must better engage with politics to mitigate risks such as Brexit

Businesses in Britain are having to face up to political risk and need to learn to engage with politics and politicians to mitigate growing threats, according to Sir Mark Boleat, former policy chairman at the City of London Corporation. But he warned many companies are failing to step up to the mark. Speaking at the Institute of Risk Management’s (IRMs)…

Brexit divides risk perception and confidence levels in Europe

Brexit divides risk perception and confidence levels in Europe

Brexit divides risk perception and confidence levels in Europe

Economic risk is causing businesses executives around the world most concern, also ranking as the top threat in the UK and second in continental Europe, according to new research from CNA Hardy. Meanwhile, executives in Europe are most confident of all regions about growth prospects, with those in the UK the least upbeat as Brexit takes its toll. CNA Hardy’s…

Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Pensions regulation: a tougher approach

Globally, the regulatory burden on corporates is on the increase. This is particularly true in relation to workplace pensions, and anyone who is involved in managing corporate risk will need to understand how this shifting regulatory landscape might impact on their business. In the UK, The Pensions Regulator (TPR) has set out its new approach to pension scheme regulation in…

Willis appoints Knight to head natural resources team

Willis appoints Knight to head natural resources team

Willis appoints Knight to head natural resources team

Willis Towers Watson has appointed Graham Knight as head of natural resources for its GB corporate risk and broking business. Mr Knight was previously head of the group’s downstream natural resources division, serving clients in the oil and gas sector, power and utilities, renewable energy, and metals and mining. He takes up the new role with immediate effect. Mr Knight…

RSA exits London market specialty lines and cuts back international offering

RSA exits London market specialty lines and cuts back international offering

RSA exits London market specialty lines and cuts back international offering

RSA Group is exiting three lines of specialty business and scaling back its London market premiums by one third. Following a review of its specialty and wholesale business written through RSA Global Risk Solutions, the insurer will withdraw from international construction, international freight and fixed price marine protection and indemnity insurance with immediate effect…

Risk managers must react fast to avoid becoming business disablers in tech age

Risk managers must react fast to avoid becoming business disablers in tech age

Risk managers must react fast to avoid becoming business disablers in tech age

If risk managers do not reinvent their role and skills fast enough in the digital age they risk becoming business disablers, delegates at Airmic’s ERM conference were warned this week. Risk managers will simply have to learn tech language and terminology if they want to remain relevant, experts added at the event in London…

UK pension schemes suffer £39bn fall in October

UK pension schemes suffer £39bn fall in October

UK pension schemes suffer £39bn fall in October

Last month saw the largest fall in UK pension funds since August 2016 and the largest monthly deficit for a year, according to Mercer’s Pension Risk Survey. Pension schemes operated by the UK’s 350 largest listed companies swung from a surplus of £3bn in September 2018 to a deficit of £36bn in October. Mercer said £15bn of the loss is…

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