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Strategic Risk
Stories with this category.
What next for insurance after Brexit?
29 June 2016
How does the insurance industry cope with Brexit?
EU launches public consultation on corporate tax transparency
17 June 2015
Companies could be required to disclose taxes they pay in every country where they operate
UK general election result represents a step into the unknown
4 June 2015
Editor Mike Jones says the result of the UK general election has provided a boost to business but dangers lie ahead
Islamic State activity raises risk rating in nine European economies
27 May 2015
Aon says the campaign by extremists in the Middle East has increased exposures for firms in nine developed Western economies
'Middle East risk culture needs to improve'
20 May 2015
Risk management should be embedded in the decision-making process says key professional
Reputation, talent and BCM major risks for GCC
20 May 2015
StrategicRISK panel discussion highlights primary concerns for Middle East companies
2015 MEA Risk and Insurance Excellence Awards finalists
20 May 2015
Finalists for StrategicRISK's inaugural 2015 MEA Risk and Insurance Excellence Awards have been announced
AGCS appoints chief executive in Dubai
19 May 2015
Insurer targets "substantial growth" in Middle East and North Africa region
StrategicRISK picks up prestigious financial journalism award
14 May 2015
Asa Gibson, senior reporter, has been awarded Young Financial Journalist of the Year 2014 by the Wincott Foundation
What are the opportunities and risks of doing business in Turkey?
6 May 2015
Turkey offers better investment opportunities than much of the developed world, but economic headwinds, fractious politics and regional unrest pose risks for businesses
Why Crossrail is a triumph for risk management
10 April 2015
Risk management has been central to the success of Europe's largest infrastructure project, owing much to sustained engagement with the board and senior management
What risk managers should be looking for in industrial insurance – DVS 2014
11 September 2014
BASF's senior-vice president in corporate insurance Dr. Eberhard Faller on picking the right industrial insurance and getting maximum value
Video: RSA France looks to new markets for growth
10 March 2014
Managing director Didier Arminjon on RSA's plans for the future
Ex-JLT construction experts join Howden's new division
5 March 2014
Former JLT's John Perrin and Paul Lewis will lead Howden's new construction unit
Video: StrategicRISK interviews Allianz's Thierry Van Santen
4 March 2014
Thierry van Santen, Allianz Corporate and Specialty CEO on the changes the insurer has made to its business and how it benefits its clients
Video: StrategicRISK interviews Allied World's Paul Collins
4 March 2014
Paul Collins, AVP Corporate Risk Engineering Manager at Allied World outlines risk management trends including cyber and supply chain risks
Video: StrategicRISK interviews Beazley's Paul Bantick
4 March 2014
Paul Bantick underwriter for technology, media and business at Beazley on the cyber risk landscape
Video: StrategicRISK interviews HDI Gerling's Jens Wohlthat
4 March 2014
Jens Wohlthat, executive board member at HDI Gerling on risks and opportunities for French businesses operating outside of France
Video: StrategicRISK interviews to ACE's Nadia Côté (French)
4 March 2014
Nadia Côté, ACE country manager (France) on the key risks affecting the French market
Multinationals told to open up to insurers
27 February 2014
ACE European president Andrew Kendrick says the increasing desire to move across borders means firms must have closer relationships with insurers
Fraport AAV's MD: 'Good broker relations at the heart of risk prevention strategy'
27 January 2014
Broker relations paramount to alleviating risks in the aviation sector – says Fraport's Airport Assekuranz Vermittlungs-GmbH, Hans-Joerg Schill
Corruption, bribery and contingency payments the biggest threats for the transportation sector
9 December 2013
"At the end of the chain is a guy with no knowledge of the product, driving an old unsafe truck, delivering your goods – and who knows whether that company is compliant" – Katoen Natie chief risk officer Carl Leeman
Cyber security is not a deterrent for hackers
28 November 2013
EU law lacking when it comes IT and cyber protection
Heavy loss of life in Super Typhoon Haiyan 'completely unnecessary'
12 November 2013
Government of the most 'disaster-impacted country in the world' failed to provide adequate warnings, says RMS scientist
ANRA conference 2013: risk management gives business a competitive edge
6 November 2013
In a challenging economic environment, businesses need to implement risk management processes
Publisher of StrategicRISK wins digital publisher of the year
3 October 2013
PPA's citation recognised the company's strong understanding and implementation of digital strategy
Ferma Forum 2013: Q&A Zurich's Petra Riga
2 October 2013
We spoke with Petra Riga, head of international programme sales and distribution at Zurich, who was one of the panellists on the international insurance programmes: challenges in managing the regulatory and tax regimes workshops
Ferma Forum 2013: Q&A with Zurich Global Corporate UK chief underwriting officer
1 October 2013
Nick Major gives us the lowdown on its IPZ programme at this year's Ferma Forum
Q&A: Julia Graham, new president of Ferma
1 October 2013
Newly elected Ferma president Julia Graham speaks to StrategicRISK about her plans for the association a day before she takes the helm
Ferma Forum 2013: Q&A with Ace's European president
1 October 2013
Diversity, development and the environment will be focus of ACE's Ferma strategy, says ACE European Group president Andrew Kendrick
Ferma Forum 2013: Solvency II delays will compromise EU insurers' ability to deliver protection
30 September 2013
'The insurance industry will become increasingly important in this risky world but without sound risk management and a risk-based solvency regime, insurers will not be able to deliver'
Ferma 2013: Social media creates flaws in 'rear-view' approach to risk management
30 September 2013
Traditional 'rear-view mirror' approaches to risk management are "no longer sufficient" in forecasting political risks as social media found to accelerates tensions
Ferma Forum 2013: Aon unveils new cyber diagnostic tool
30 September 2013
Aon Risk Solutions launched a tool to help detect cyber exposures as data suggest risk managers fail to appreciate the significant threat posed by cyber attacks despite recent high-profile attacks
Ferma nurtures new talent: Ferma Forum 2013
29 September 2013
Ferma executive manager Florence Bindelle talks to StrategicRISK about its young professional initiatives before the conference kicks off
Ferma launches new risk and insurance online dictionary
29 September 2013
New online tool to help debunk and clarify risk and insurance terms
Quickfire Q&A: Johann Worm
5 September 2013
Zurich head of broker management Johann Worm on the risks facing businesses today
DVS 2013: Managers warned off silo approaches
5 September 2013
Siemens expert: "The main risk is having too narrow a view of risk"
DVS 2013: "Community of trust leads to successful corporate risk culture"
5 September 2013
Dragerwerk AG & Co highlights the need to improve and develop corporate risk cultures across European businesses
Floods kill more than 100 in China
19 August 2013
Floods in areas hit by Typhoon Utor leave many dead and cause economic losses of more than ¥28bn
Ferma warns EU against mandatory schemes for catastrophe insurance
19 July 2013
"Our members do not see any reason for a mandatory framework to improve insurance market capacities"
Asia going in one D&O direction
12 July 2013
Demand for Directors' and Officers' (D&O) liability insurance is on the rise in Asia as company directors and executives across the region become more aware of their potential personal-liability exposures.
Flooding accounts for almost half of worldwide losses
11 July 2013
Central Europe worst affected in a series of floods that have caused huge damage, says Munich Re
Mansour's poll decree rebuffed by Egypt's Muslim Brotherhood
11 July 2013
Timetable for a referendum on an amended parliamentary constitution and elections rejected
Board members fail to grasp realities of cyber risk
27 June 2013
StrategicRISK survey reveals disconnect in attitudes towards cyber risks between risk professionals and board members
Miller appoints head of Asia
26 June 2013
JLT Specialty Asia current chief executive Simon Weaver has been named Miller's new head of Asia
China poultry plant fire raises safety concerns
3 June 2013
Critics argue that profits are wrongly prioritised over health and safety regulations in China
Kane LPI Solutions appoints compliance head
3 June 2013
David Cafferty will grow the firms compliance advisory practice in MENA
EU businesses may need to reassess cover of US risk as part of a multinational programme
31 May 2013
ACE issues the warning as the EU and US negotiate new Transatlantic Trade and Investment Partnership
Insurers lack clear conduct risk strategies
31 May 2013
Insurers are unclear about what conduct risk strategy means in practice
European Commission consults on availability of natural and man-made disaster insurance
30 May 2013
The consultation considers whether EU action is needed to improve the market for disaster insurance
Failure of water assets remains the top risk for water companies in eight consecutive years
28 May 2013
Sabotage/terrorism risks have jumped up the risk scale
XL Group promotes Kadidja Sinz to regional manager continental Europe
28 May 2013
Sinz's remit widens to cover Austria and Central/Eastern Europe, Benelux, Germany, Italy, Nordic and Switzerland
Europe's top three emerging insurance markets: Turkey, Poland and Russia
24 May 2013
ACE's Joseph Clabby highlights five business lines that present opportunities in emerging Europe for insurers and brokers
Appointment: new technology risks underwriter joins Allianz Global Corporate & Specialty
13 May 2013
James Tuplin has been named as the firm's technology risks underwriter
Here be dragons
18 September 2011
At sea, there's no hiding place from possible disaster. The head of risk at Electrolux, Lennart Edström, thanks his early years in the Merchant Navy for helping him keep business afloat today
Solvency II means "sluggish" captive market
11 September 2011
An estimated one fifth of captives are dormant
Big retailers caught breaching EU chemicals rule
11 September 2011
Investigation finds supermarkets in breach of REACH rules governing toxic chemicals
Severe storms strike US
26 April 2011
A severe thunderstorm outbreak has left a trail of damage across five American states
Japan quake: Report roundup
17 March 2011
1 in 10 Japanese people have been "significantly" affected by the massive earthquake in the country's worst crisis since World War 2
Solar storms could hit Olympics
17 February 2011
We're all well aware of the dangers of sunburn, but when the sun reachest its fiercest within the next couple of years, it'll take a lot more than sunscreen to protect the earth's population
Andrew Leslie
8 February 2011
StrategicRISK's market analyst gives us his view from Les Rencontres, the French risk management conference, in Deauville, which attracted almost 2,000 risk professionals
Philip Osmond, British Airways
SR March 2011
In an exclusive interview, the airline risk boss explains how you can't always plan for every eventuality and why risk resiliency is the order of the day
Cat risks in China
29 January 2011
Cover for certain cat risks is unobtainable in China. Sue Copeman investigates the options for multinationals.
BP spill
21 January 2011
Oil rig disaster puts whole industry in deep water
Passengers thwart Turkish jet hijack
6 January 2011
Terror plot highlights terrorism risk analysis theory, says RMS
Risk managers challenge Combined Code review
5 January 2011
Last year's corporate governance review was a "missed opportunity" according to Airmic members
Nasa sells computers containing shuttle secrets
17 December 2010
Data breach after Nasa fails to wipe end-of-life PCs
A hard case to prove?
17 December 2010
French prosecutors are having the same problems as their UK counterparts when it comes to bringing successful corporate killing prosecutions. Sue Copeman explains
Child labour most widespread in Bangladesh, China, India
14 December 2010
Climate change will push more children into work
Sweden rocked by terrorism
14 December 2010
A lone terrorist is less likely to be discovered than a larger cell, according to RMS' model
Human rights deteriorating worldwide
13 December 2010
China is now rated as one of the 10 worst countries for human rights
Cyberwar hots up
10 December 2010
A "hacktivist" is behind bars for attacks on MasterCard and PayPal
Dutch to increase IPT to 9.7%
10 December 2010
The increase is effective from March 2011
Infographic: Political risk map
6 December 2010
Control Risks analyses the critical risks facing multinationals in the year ahead
Five states to watch
6 December 2010
Control Risks listed the countries facing political and economic transformation in 2011
Wikileaks blows the whistle
1 December 2010
Wikileaks began publishing the first tranche of what is says are 250,000 secret US diplomatic cables
FT report backs Guernsey
24 November 2010
Changes to the Channel Islands' tax regime won't hit their popularity
Buyers and brokers reach transparency agreement
23 November 2010
Ferma's deal with BIPAR includes rules on remuneration and managing conflicts of interest
Global jihad update
17 November 2010
Exclusive Analysis explains the threat from international terrorists
Bank split over inflation risk
17 November 2010
Minutes from a policy meeting show a difference of opinion over how to combat the recession
Accenture bullying claim fails
16 November 2010
A computer analyst was wrong to say his employer breached health and safety law, ruled a court
Cargo theft warning
15 November 2010
Estimated $30bn of cargo is stolen each year, according to the FBI
Open trade is key to growth
15 November 2010
G20 is told to design better employment practices, reports Max Hibling
Markel launches 3 new D&O products
11 November 2010
The new cover is designed for investment fund managers
China, Australia top water stress index
11 November 2010
The demand for water often exceeds the supply of resources in many developed as well as developing countries, reports Max Hibling
LSE blackout
5 November 2010
Stocks on the London Exchange dive in "suspicious circumstances"
London tube strike
3 November 2010
Disruption could last until Thursday
Yemen terrorists prepare for more attacks
1 November 2010
A significant risk that another package will end up on a passenger aircraft transiting to the US, says Exclusive Analysis
Infographic: Mapping Iraq's deadliest day
1 November 2010
Data visualised from the largest ever leak of classified military documents
Infographic: London's tourist hotspots
29 October 2010
Geotaggers atlas shows where tourists are visiting
Firms unprepared for social media risks
29 October 2010
But over a third suffered reputation threats last year
US workers comp is getting cheaper
29 October 2010
The average cost of workers compensation has dropped 10% since 2008
The end of compulsory retirement
29 October 2010
Employers are faced with the question of how to manage an older labour force, writes Andrew Leslie
The end of compulsory retirement
29 October 2010
Employers are faced with the question of how to manage an older labour force, writes Andrew Leslie
The world's most (and least) corrupt countries
27 October 2010
2010 index shows a "serious corruption problem"
Armenian cyber-criminal nabbed
27 October 2010
The mastermind behind a virus that affected 30m computers has been caught
Cyber spies steal official secrets
26 October 2010
Chinese hackers allegedly stole information from India, the Dalai Lama and the UN
Infographic: Europe's network security
26 October 2010
Detailing the extent of computer security by country
Lloyds appoints people risk director
25 October 2010
Sandra Quinn was appointed in August this year and StrategicRISK had some questions for her
Lloyds appoints people risk director
25 October 2010
Sandra Quinn was appointed in August this year and StrategicRISK had some questions for her
The new world order
November 2010
Governments worldwide are planning drastic changes to the regulatory landscape, these include new duties for directors and better risk management. Neil Hodge investigates whether all the new regulation be a good or bad thing
Brits abroad can't compete
22 October 2010
Foreign backed joint ventures are corruptly stealing contracts away from British firms, a source alleged
Mixed response to UK government's flood spending
21 October 2010
Spending on flood defences in the UK will increase by £2bn over the next four years, almost doubling the current investment, but not everyone was happy with the announcement, which formed part of the UK's Spending Review.
Britain's top risks
21 October 2010
The National Security Review says terrorism and cyber war are top priorities
Five lessons from Chilean mine disaster
21 October 2010
Important ethical lessons for businesses to learn, says blogger
New health and safety proposals
21 October 2010
Lord Young's report calls for restrictions on "no win no fee" advertising
Crisis taxes levied in Hungary
15 October 2010
Radical taxes levied on the telecom, energy and retail sectors
Fraud is on the up
14 October 2010
Cuts to services will increase the need to mitigate certain risks, like fraud, says Adam Bates
China's latest threat
13 October 2010
New evidence emerges of Chinese hackers capable of cyber warfare and industrial espionage
Hungarian toxic flood
12 October 2010
A dam was breached releasing a flood of red sludge over 16 square miles and poisoning the Danube
CEO confidence dips
11 October 2010
Less than a quarter of CEOs think the economy will improve in the next 6 months
EU outlines vision for taxing the financial sector
11 October 2010
Banks should contribute to the cost of re-building Europe's economy, says Commission
Double dip is top risk issue
11 October 2010
But businesses confident in their ability to deal with the problems
ELD to "bear teeth" in Hungarian toxic flood
11 October 2010
Risk of serious environmental damage in Danube
Securing capital is biggest worry for US captives
6 October 2010
Captives identified the biggest challenges as: Collateral concerns, regulatory issues, policyholder growth, tax and fronting
Dubai gets two new captives
6 October 2010
The new ventures are said to include a protected cell company and one pure captive
Political risk update
5 October 2010
JLT World Risk Review downgrades Pakistan, Senegal, South Africa, Sudan and Tajikistan
Lawyers admit to involvement in corruption
4 October 2010
Bribery is a problem in the legal profession, a professional survey confirms
UK general insurer complaints data
4 October 2010
A snapshot of data from the biggest insurers
FBI cracks cyber crime ring
4 October 2010
Using a Trojan horse virus known as Zeus, hackers in Eastern Europe infected computers around the world
Infographic: Where are you most likely to hit a deer?
4 October 2010
Animals are colliding with cars more frequently in the US
Extreme weather must be linked to climate change
28 September 2010
The only plausible explanation for the rise in weather related catastrophes is climate change, says Munich Re
Two charged in Venezuela nuclear bomb plot
27 September 2010
Scientists tried to sell secrets for $793,000
Asia-Pacific toughens up on bribery
27 September 2010
28 countries move closer towards the "effective criminalisation" of bribery
MoJ issues guidance on bribery
22 September 2010
Lawyers urge companies to study the guidance
1 in 5 students have hacked
22 September 2010
Students think hacking is "cool" and some do it to make money
Ferma issues guidance on EU Directive
22 September 2010
Advice for boards and audit on monitoring the effectiveness of risk management
Typhoon Fanapi could cost $1bn
22 September 2010
Heavy rainfall caused severe flooding in parts of Taiwan and China
Seeking harmony
21 September 2010
As revenue authorities target so-called 'tax havens' as part of their fight for financial transparency and improved regulation, what will this mean for the captives based in these offshore locations? Nathan Skinner investigates
Infographic: Local government carbon emissions
20 September 2010
Every local authority's emissions visualised
Britain faces 'new wave' of terror
20 September 2010
A respected think tank warned of a new style of homegrown violence
China worker disputes surge
20 September 2010
Chinese labourers are demanding better working conditions
Dodd-Frank good for ratings, says AM Best
19 September 2010
Law introduces new requirements for rating agencies
UK data security spending lags
16 September 2010
But unusually British companies tend to insure against data loss
Brokers won't emulate Aon's GRIP
16 September 2010
This is a key industry issue, says Airmic chief
DVS Symposium Dailies
16 September 2010
Full coverage of the German risk conference
Campaigners slam emissions cap trap
15 September 2010
Trading scheme threatens to trap Europe in a high carbon future, says group
IMF public debt warning
15 September 2010
Fiscal prudence needed to protect a fragile recovery and reassure markets, says body
Big oil unprepared for cat risks
15 September 2010
Even after the BP disaster oil companies and their investors are still unprepared for catastrophic risks, warned environmental campaigners.
Infographic: New Zealand earthquake
14 September 2010
Graphic shows the epicenter and aftershocks of the magnitude 7.1 Darfield earthquake
Lloyd's and Bermuda converging
13 September 2010
A report finds the underwriting differences between London and Bermuda are thinning
US drops in competitiveness index
10 September 2010
Switzerland tops poll for second year
Worth the effort
8 September 2010
Solvency II will benefit the whole insurance industry, writes Chris Lajtha in response to Carl Leeman's blog
Is Aon losing its GRIP?
8 September 2010
Risk managers ask for data to be removed from Aon's information platform
Willis appeals India rejection
8 September 2010
The broker plans to form a new joint venture on the sub-continent
A new approach to regulation
6 September 2010
A summary of the UK government's recommendations for regulatory change
Bahrain charges 23 in terror plot
5 September 2010
Kingdom disrupts "sophisticated terror network"
Can Dodd-Frank stop another crisis?
5 September 2010
The sweeping overhaul of US financial regulation fails to address the main causes of the financial crisis, says Matthew Kerfoot
UK sued over conflict mineral claims
4 September 2010
Campaigners launch legal action against the UK for failing to list companies trading in conflict minerals
Christchurch hit by quake
4 September 2010
Magnitude 7 earthquake causes damage buildings and infrastructure
Business forced to chase overseas debt
4 September 2010
UK companies are having to resort to legal action to pursue overseas customers for money
Guernsey delegation visits Asia
4 September 2010
Marks first foray into India
Top 5 mega earthquake hotspots
3 September 2010
They are the Caribbean, North America, Chile, Indonesia and Japan
UN backs IPCC
2 September 2010
Inquiry recommends fundamental reform of the IPCC following climate change scandal
Cuts will kill jobs and growth
31 August 2010
A union leader condemned the UK's economic strategy
AstraZeneca settles with drug users
31 August 2010
The company paid £125m to settle about two thirds of seroquel personal injury claims in the US
Infographic: How Britain's banks bounced back
31 August 2010
Visualising the results
UN halts carbon credit scheme over fears of abuse
26 August 2010
Companies are allegedly profiteering from greenhouse gas production
Chilean miners appeal for rescue
26 August 2010
33 miners could be trapped underground for months at a mine in northern Chile
US financially unprepared for next catastrophe
26 August 2010
Current disaster preparedness plan relies too heavily on retrospective insurance, says lobby
Tech threats leap in 2010
26 August 2010
Figures are "tip of the iceberg", says IBM
Breakfast is getting dearer
25 August 2010
Reveals the Economist's Breakfast Index
Lloyds bank appoints people risk director
25 August 2010
Sandra Quinn joins from the financial regulator
More trouble than its worth
25 August 2010
Solvency II will severely restrict the commercial insurance market. It's time Europe listened to the concerns of risk managers, blogs Carl Leeman
Videographic: Who owns America's debt?
25 August 2010
A dynamic perspective of the major foreign holders of US government debt
Continental shift
September 2010
The Environmental Liability Directive has been on the agenda for years, but now that it has reached all corners of Europe, multinational organisations no longer have any excuse for turning a blind eye to the consequences of their environmental actions
Special Report: Environmental risk
September 2010
Don't be fooled by the EU's new environment directive. Each member state has its own take on the new environmental accountability rules. And the onus is very much on multinational companies to get to grips with what each country is serving up – to ensure they are adequately covered across Europe
Winning treatment
September 2010
Launching a series of fi rst-hand accounts of practical risk management, Mike Florence, who led AstraZeneca's programme, explains how the team's strategy has breathed new life into its respiratory and infl ammatory efforts
Trends in the emerging world
20 August 2010
Growing emerging market economies offer significant opportunities, says Eurasia Group
Food most at risk in Afghanistan
20 August 2010
Afghanistan and Africa topped a food security risk index
DRC mine riot creates backlog
19 August 2010
Illegal miners burn trucks and loot offices
BP fined $50.6m for blast
19 August 2010
Penalty stems from 2005 explosion at Texas City
Mazda recalls 300,000 cars
18 August 2010
North American recall due to a fault with power steering
Risk insight
17 August 2010
Russia's ban on grain exports demonstrates the need for protection against the vagaries of government decisions, blogs Elizabeth Stephens
Infographic: Bank failures since 2008
17 August 2010
Hundreds of US banks have failed since the credit crunch climax
Spanish companies ignorant of environmental risk
16 August 2010
A survey by a leading insurer finds that half the businesses in Spain don't have environmental insurance
Eurasian extremes
13 August 2010
The Russian heatwave and the floods in Pakistan are linked. Meteorologist Michael Ferrari explains how
RBS fined £5.6m for anti-terror slip
12 August 2010
Bank lapses led to "unacceptable risk" of facilitating terrorist financing
Developing world set to account for 60% of global GDP
10 August 2010
Financial crisis has accelerated this long term transformation in the global economy
Infographic: Top carbon emitters
9 August 2010
Graphic depicts the top 20 worst offending countries
Summer war in the Levant predicted
9 August 2010
Tensions between Israel and Lebanon could result in a six week war, according to Exclusive Analysis
Infographic: The age crisis
8 August 2010
Use the interactive chart to visualise the problem of ageing societies
Munich Re posts €1.2bn profit
5 August 2010
Maintains its "ambitious" profit target of over €2bn for 2010
Gulf leak is worst ever
3 August 2010
Officials confirmed that BP's Gulf oil spill is the world's worst accidental leak
Smartening up
2 August 2010
In today's tough climate how can firms make the most of smart risk management. Michael Morley-Fletcher investigates
East London rainfall increases tenfold
2 August 2010
New research found rainy days of 25mm have become more frequent
Cutbacks expose new risks for public sector
30 July 2010
Government austerity present unique challenges for risk managers in the public sector, says Zurich
Insurance costs to increase 'modestly' for offshore energy risks
28 July 2010
The Gulf spill will not harden the energy market as much as Hurricane Katrina, says Marsh
'Doing nothing is not an option'
July 2010
The UK government's policy of 'more for less' is presenting some particular challenges for the public sector as pressure mounts to demonstrate value for money. But can the risk management function within these organisations do the same?
In with the old
July 2010
Who wouldn't wish for a long and healthy life? But it's a double-edged sword, with an ageing population putting pressure on both the public purse and the private sector. Peter Davy looks at what businesses can do to prepare
Special Report: Public sector risks
July 2010
Local authorities are being forced to get creative in order to cut costs without losing precious services – and all done in the full glare of the public eye, finds Sue Copeman. In this special report on the public sector, we focus on the impact such changes will have on the organisation's risk managers
Fresh violence erupts in Kyrgyzstan
23 July 2010
Significant risks to commercial property and people
Probe launched into pharma bribery
22 July 2010
A US investigation was launched into suspected bribery by big pharma spanning three continents
Gulf oil spill: Are nukes the answer?
22 July 2010
Nuclear explosions have successfully plugged oil leaks in the past
Willis says Aon deep in morass
22 July 2010
Commission: is 'legally permissible" standard of excellence?
UK swine flu response was good
21 July 2010
An official inquiry finds that the UK was well prepared for the swine flu pandemic
Infographic: Swine flu cases and timeline
20 July 2010
The UK's response to swine flu was based on a massive overestimation of possible victims of swine flu
Nasa satellite tracks Gulf oil leak
20 July 2010
This satellite picture shows the size of the Gulf oil slick
Domicile, sweet domicile
Captive Risk June 2010
Good people, short flights and a flexible regulator all help captives professionals decide on their ideal base. Liz Booth looks at the pros and cons of the main locations in Europe, and considers if being in or out of the EU is an advantage
Five charged in terror plot
8 July 2010
Attacks planned in Manchester and New York
KPMG publishes compliance guide for Bribery Act
7 July 2010
Implementing anti-bribery and corruption policies can help build more sustainable businesses, says KPMG
More Icelandic eruptions likely, experts say
2 July 2010
Since the eruption of Iceland's Eyjafjallajökull, there has been speculation about the triggering of its larger neighbour, Katla. Recent research from scientists at the UCL Institute for Risk and Disaster Reduction warn this is a strong possibility.
Ferma leader wins risk management award
2 July 2010
The Dutch risk management association rewarded Peter Den Dekker
Hurricane Alex strikes Mexico
2 July 2010
Texas escapes Alex's wrath, biggest risk now is the heavy rainfall
The new pollution
Captive Risk June 2010
Once just a 'low likelihood' technical concern, environmental liability is now seen as a standard business risk, moving fast up the priority list. More companies are considering using their captives
Alex is first hurricane of the season
30 June 2010
First June hurricane since 1955
Infographic: BP accounts for 97% of US refinery safety violations
30 June 2010
Safety inspectors cite two BP refineries 760 times for safety violations
Pakistan, Iraq and Egypt face "extreme" water security risks
30 June 2010
Report says cross border tensions will increase globally as climate change affects water resources
Supreme Court ruling will reduce class-actions
30 June 2010
Judgment will substantially reduce the exposure of non-US companies to high value damages awards, says RPC
Budget 2010: Insurers warned not to overlook IPT hike
23 June 2010
Costly compliance mistakes could ensue, says FiscalReps
Bank levy will hurt UK competitiveness
22 June 2010
PWC says levy could lead to migration of business activity from UK
Severe flooding strikes southern China
22 June 2010
State media estimate costs at $1.4bn
Keep your eyes on the prize
21 June 2010
Risk managers have a golden opportunity to step up into a strategic board advisory role – if internal auditors and other finance professionals don't get there first. But there are ways to fight back, as Alex Hindson, deputy chairman of the IRM, tells Nathan Skinner
Munich Re highlights climate change risks and opportunities
21 June 2010
Reinsurer supports development of new risk transfer solutions
Ferma elects new directors
21 June 2010
Graham and Luzzi become Ferma vice-presidents
Regulation tops CROs' concerns
21 June 2010
Survey also reveals elevated role and remit of risk function
A.M. Best downgrades BP's captive
20 June 2010
Guernsey based Jupiter downgraded to A (Excellent) with negative outlook
Dutch risk managers urged to raise the bar
18 June 2010
Delegates from Narim told to sell themselves at board level
Anders Carlsund, chief executive, S:t Erik Försäkring
Captive Risk June 2010
S:t Erik Försäkring was the first public sector captive insurance company in Sweden. Based in Stockholm, it provides cover for activities run by the capital city. Nathan Skinner spoke to chief executive Anders Carlsund
Chairman Interview: Paul Howard
14 June 2010
Paul Howard, Airmic chairman, talks to StrategicRISK about his tenure at the helm of the UK's risk and insurance management association.
Chain of command
July 2010
This is a time of transition for the public sector, as financial constraints mean taking a private sector-style approach to supply chain management. But more outsourcing and new partnerships lead to an increase in risk and a fresh set of challenges
Major incidents – it's make or break
July 2010
A major incident is still perceived as a 'once in a risk manager's lifetime' event. But as a host of issues grow in prominence, says Neil Hardie, the public sector's response to major incident risk has never been riper for review
Risk Indicator
14 June 2010
Latest stats and analysis
Risk Indicator
14 June 2010
Latest stats and analysis
Think forward, think risk
July 2010
Enterprise-wide risk management and the increasing role of risk management in corporate strategies dominated the recent RIMS annual conference in Boston. Professor Jean-Paul Louisot reports
Marine piracy – the risk is growing
13 June 2010
The failure of anyone to make a sustained impact on Somalian piracy is leading to increasing risk
Infographic: BP oil spill
4 June 2010
Here's a massive infographic explaining everything to do with the Gulf oil disaster
Captives urged to complete QIS5
4 June 2010
Last call from Ferma and Eciroa for captive owners to influence Solvency II
BP receives rating downgrade
4 June 2010
Two rating agencies lower their credit ratings by one notch as cleanup costs from the Gulf oil spill mount up
FSA fines JP Morgan £33.2m
3 June 2010
Bank fined for failing to protect client money
Report: State of the Eurozone
3 June 2010
Financial crisis is still a lingering threat to global economy, says Towers Watson
Risk managers give their verdict
2 June 2010
Insurers and brokers are rated on their levels of service in StrategicRISK's annual risk manager survey. See the results first here
Agatha wreaks havoc in Central America
1 June 2010
First tropical storm of the hurricane season strikes
Thinking of forming a captive? Here's what to do
28 May 2010
RIMS published a guide to help risk managers
Video: Joe Plumeri at Biba 2010
27 May 2010
Watch our interview with Willis chairman and CEO Joe Plumeri
Infographic: Eurozone debt threat
26 May 2010
Virtually all Eurozone countries have government debts exceeding 60% of GDP
ISO chair "surprised" that volcano didn't appear on risk registers
26 May 2010
Ash cloud is another example of the changing risks in an increasingly global economy, says Kevin Knight
Deepwater Horizon could cost Lloyd's $600m
26 May 2010
The London market also said that net claims from the Chilean earthquake would be $1.4bn
Lloyd's syndicates revise down 2009 result estimates
24 May 2010
Q1 cat losses hit Kiln's 2009 estimates
Global insurance markets remain stable in 2010
20 May 2010
Broker predicts stable insurance prices but stricter tax regulations
Poll reveals best and worst reputable companies
20 May 2010
Alliance Boots replaces Marks & Spencer at top; banks, BA and Royal Mail are bottom
Firms 'must do more' to beat corruption
19 May 2010
FSA tells commercial brokers that they must tighten their procedures
One more catastrophe could wipe out profits, Ward warns
19 May 2010
Natural disasters so far this year will cost the industry an estimated $16bn
Risk manager survey
13 May 2010
What impact has the economic crisis had on the D&O market? Give us your feedback in our rapid fire anonymous survey
Solvency II launch prompts fears of Euro insurance exodus
12 May 2010
European Commission called upon to provide transitional measures to prevent market disruption
MEPs want 'uber regulator'
11 May 2010
Proposal to scrap UK veto so FSA can be over-ruled
World cup insured for $5bn
11 May 2010
Munich Re has $350m of exposure – the largest slice
Italy should prepare for large quakes
6 May 2010
Aon Benfield says central and southern Italy should take steps to reinforce poorly constructed buildings
Acronym = aggronym
June 2010
Anyone looking to put money into the Bric should not be fooled into thinking the risks are the same. Peter Davy looks at the prospects for Brazil, Russia, India and China.
Bad behaviour
June 2010
Employees behaving badly, controlling M&A costs, information security and financial crime, the fatal accident and how to persuade the CEO that risk management does make a difference. All these are among the workshops planned for the annual AIRMIC conference taking place in Manchester from 14-16 June under the theme influencing outcomes.
Data watchdog has teeth
June 2010
Companies with UK operations should check their security procedure in light of the regulator's new powers
Employers' liability consultation
June 2010
AIRMIC's insurance steering group is planning to canvas members' views as the basis of a a response to the consultation by the Department of Work and Pensions (DWP) on its proposals for an employers' liability insurance bureau and an employers' liability tracing office and has been canvassing The measures are intended to overcome the difficulties of tracing insurers liable for mesothelioma claims, and probably similar long latent industrial disease. With a deadline of 5 May for the ...
How to: Understand the ELD
June 2010
Countries have been slow to implement the Environmental Liability Directive. Andrew Williams asks: has progress been made?
It's time to refuel
June 2010
Expansion into emerging markets should be more about growth and opportunity than cutting costs, says AXA Corporate Solutions
Passing the buck
June 2010
A UK company found guilty of price-fixing is trying to recover the cost from the individuals involved
Special Report: Emerging markets
June 2010
The UK and US have new bribery laws, just as developing countries demand more local involvement in western companies' work. Neil Hodge looks at hom businesses should protect themselves
Special Report: Emerging markets
June 2010
Fortune favours the bold, so the saying goes. But in emerging markets, fortune favours the well prepared. Nathan Skinner highlights some instances where it can go wrong
Toyota's troubles
6 May 2010
The dangers of single suppliers
Toyota's troubles
6 May 2010
The dangers of single suppliers
PM urges Malta to raise profile as finance centre
5 May 2010
Malta must reinforce its efforts to promote itself internationally in order to attract investors, hears conference
No "significant impact" on rating of BP captive
4 May 2010
Jupiter's $6bn of reserves should absorb impact of Gulf oil rig accident, says AM Best
Alarm and Maven team up
27 April 2010
New risk management qualification designed for the public sector
Aon extends PCC to Isle of Man
26 April 2010
Protected Cell Company offers an alternative to a stand-alone captive
Airmic vision launched
26 April 2010
Lloyd's chief executive predicts tighter capacity and higher prices
Volcanic ash: risk and insurance advice
22 April 2010
Demonstrates need for good business continuity plans, says Marsh
Ash won't trigger business interruption cover
22 April 2010
Aon says most BI policies only kick in when there is physical damage
Aon: Business implications of ash cloud
22 April 2010
Business interruption insurance policies will most likely not respond to the disruption
StrategicRISK Award winners announced
22 April 2010
European risk managers gather in London to celebrate industry success
Volcanic ash doesn't pose health risk
20 April 2010
Health experts say the ash pollution isn't falling to ground level and even if it does the effects would be mild
Further crises inevitable unless ethics improve
20 April 2010
Paul Moore challenges the risk profession to make rapid changes to their organisation's culture, behaviour and balance of power in the boardroom
Contract risks in Kyrgyzstan rise
20 April 2010
Significant re-nationalisation risks in gold mining and infrastructure industries, says Exclusive Analysis
Further volcanic ash disruption likely: Analyst
20 April 2010
European officials are unlikely to compromise safety, says Exclusive Analysis
UK clamps down on corporate corruption
19 April 2010
The Bribery Act has far reaching implications for both UK businesses and multinationals with offices or headquarters in the UK. Rupert Nevin explains how the Act will affect corporate liability
Airlines urge Europe to reopen skies
19 April 2010
International Air Transport Association criticises Europe's blanket closure of airspace
Lockton declares: "It's a buyers market"
19 April 2010
Capacity is high and prices remain soft, says broker
Goldman charged with fraud
18 April 2010
The SEC claimed Goldman Sachs misstated key facts about a product tied to subprime mortgages, which cost investors $1bn
Vesuvius eruption could kill 8,000 and cost $24bn
18 April 2010
Willis ranks 10 of Europes most dangerous volcanoes, Icelandic volcano Eyjafjallajökull not on list
QIS5 capital requirements "radically reduced"
16 April 2010
The calibration for standard formula capital requirements has been reduced from what CEIOPS proposed but it is still above QIS4
Volcanic ash disrupts flights in Europe and US
15 April 2010
Escaping floodwaters could cause major damage in Iceland, says RMS
Volcanic ash cloud to hit London
15 April 2010
A Met forecast puts the ash cloud directly over London at 6pm causing more disruption to flights
Daimler pays $185m to settle bribery charges
14 April 2010
US regulators say Daimler paid at least $56m in improper payments over a period of more than 10 years
UK passes landmark bribery law
13 April 2010
Exposes companies to new compliance risks
Statutory cap saves Toyota from $13.8bn fine
13 April 2010
Carmaker fined $16.4m for failing to notify Federal regulators about accelerator pedal defects, the Washington Post reports
Bribery Bill diluted in "wash up"
8 April 2010
The House of Commons has passed the Bribery bill with amendments
Kyrgyzstan nationalisations likely: Analyst
8 April 2010
Analysts say if the government falls recent gold mining and utility privatisations could be reversed
FSA fines three firms £4.2m for poor reporting
8 April 2010
Credit Suisse, Getco and Instinet fall foul of regulator
Is the Corporate Manslaughter Act working?
6 April 2010
Three years after it was enacted and we are yet to see a trial, let alone conviction. Sally Roff and Mary Lawrence explain what has changed.
Navy Destroyer intercepts hijacked supertanker
6 April 2010
Samho Dream is being shadowed by the South Korean Navy
25 die in West Virginia mine explosion
6 April 2010
Rescue operation underway following deadliest mine explosion since 1984
New regulations challenge UAE firms to improve risk management
1 April 2010
Regulations include fines for non-compliance
AIRMIC podcast gives career advice
30 March 2010
Download the podcast and hear insights into essential components of career success and trends in risk management recruitment
A decade of comment
April 2010
Sue Copeman looks back at the hot issues of the past 10 years and finds them not too far removed from the topics that concern risk managers today
A good name? Priceless
April 2010
Essential yet intangible, and so easy to lose, reputation must be a top priority for any organisation's risk manager
Favourite covers
April 2010
StrategicRISK's bold and dramatic cover images tell the story and history of this magazine and the risk management profession
No time to stand still
April 2010
From gentleman's club to modern trade association, AIRMIC is very different from what it was. Its chief executive John Hurrell looks back at the past ten years and predicts more change to come
Towards a better world
April 2010
Sustainability, ethical standards and anti-corruption measures - these are the three big issues that should be dominating every corporate agenda, bellieves Nathan Skinner
Analysts "sceptical" over Russian metro bomber claims
29 March 2010
North Caucasus separatists blamed but analysts say ultra-nationalists could be responsible
Suicide bombers kill 37 on Moscow metro
29 March 2010
Female suicide bombers exploded two devices at the peak of rush hour
South Korean ship sunk
26 March 2010
Reports indicate it could have been torpedoed
Firms trading in Russia warned over "grey practices"
26 March 2010
Businesses trading in Russia could fall foul of efforts to defraud, facilitate money laundering, pay bribes and conceal conflicts of interest
Stockholm hosts Swerma
26 March 2010
The Swedish association launched a variety of new initiatives last year
Six arrested in insider dealing investigation
23 March 2010
The London City watchdog swooped on six men in its largest ever insider dealing operation
$560m lost to online fraud last year
23 March 2010
Reported online crime up 22%
IRM and Norima team up
23 March 2010
Norwegian risk association will promote IRM qualifications at a cheaper rate
Risk managers worried by impact of Solvency II
12 March 2010
Insurers say they will have to raise premiums by 50% in some lines under new regime
Three tornadoes strike Arkansas
11 March 2010
Around 1,300 homes are without power
Are earthquakes in Haiti, Chile, Taiwan and Turkey linked?
10 March 2010
They may be but it doesn't make predicting them any easier
Contingents: What the 'big three' say
4 March 2010
No return to contingent commissions StrategicRISK is told
Behavioural biases
3 March 2010
A new report attempts to chart the behavioural biases and gut instincts that affect people's risk decisions
British sovereignty not threatened in Falklands
3 March 2010
A local political risk analyst answers our questions about the Falklands oil situation
Plumeri interview
1 March 2010
Transcript of an interview StrategicRISK conducted with Willis chief Joe Plumeri
Plumeri urges "buyer revolt" on contingents
1 March 2010
Willis chief tells StrategicRISK that buyers should drive contingents out of the industry by voting with their feet
Insurance does not give rise to systemic risk
26 February 2010
Insurance has proved to be a source of stability during the financial crisis, claims Swiss think tank
Falkland oil assets at risk in run up to Argentine elections
26 February 2010
Drilling in the Falklands has sparked tensions and a populist decree poses confiscation risks to oil firms and cargo vessels
Companies could be hit with "severe penalties" for manslaughter
25 February 2010
Warning follows the introduction of sentencing guidelines for the Corporate Manslaughter Act
Chartis creates new captive group
25 February 2010
Objective is to provide client's with a single point of contact for captive issues
UK insolvencies drop to lowest since 2007
19 February 2010
Financial strength of businesses has improved 8% year on year
RIMS dismayed at return to contingent commissions
18 February 2010
New York's Insurance Department has followed Illinois' lead and reinstated contingent commissions. This is not in the best interest of consumers, said RIMS
Standards in Boston
17 February 2010
Hopkin to speak at RIMS
Willis refuses contingent fees
17 February 2010
Willis refuses while Aon and Marsh promise transparency
Iraq tops terrorism list, Thailand emerges as extreme risk
16 February 2010
Map charting individual attacks provides global picture of terror intensity
Three Turkish oil execs fined £1.16m
16 February 2010
Genel Enerji's CEO, CCO and exploration manager caught out on insider trading
Ferma demands transparency from Europe's brokers
15 February 2010
Peter Den Dekker, head of Europe's insurance buyer association, said the request was received "positively"
Plumeri tough on commission
15 February 2010
Giant broker won't accept contingent commission
US snow storms to cost $2bn
15 February 2010
Collapsed roofs and broken pipe claims from Virginia to NY
RIMS objects to "diminished" broker transparency rule
11 February 2010
Asks for additional 30 days of consultation
New York regulator releases broker transparency rule
11 February 2010
No requirement for mandatory full disclosure, but brokers oppose "overly burdensome" rules
Brokers file suit to stop transparency regulation
11 February 2010
The new rule requires brokers to tell clients how they are getting paid
China spy jailed for stealing space secrets
10 February 2010
"Stop sending your spies here", US Judge tells China
Five killed in Connecticut plant explosion
9 February 2010
Explosion was the result of a gas leak that occurred while testing lines
Political interference greatest risk to banks
7 February 2010
'Banana Skins' poll identifies top threats to banks
Capitalism has to be changed, says Sarkozy
7 February 2010
The French president tells Davos forum that economic imbalances have to be addressed
Elevated political risk continues into 2010, says Aon
6 February 2010
18 countries downgraded in this year's political risks map
Diary of an IRM student
5 February 2010
I've started the second module, which is Risk Strategy
Aon chief joins Miller
4 February 2010
Former Aon CEO to lead a new team focused on corporate risk in UK and Europe
Commission backs Greece's deficit plan
3 February 2010
Europe has approved the prime ministers plans to get public finances back in order and prevent a financial disaster
Yemen terror threat to remain
2 February 2010
Al-Qaeda in the Arabian Peninsula (AQAP) will be hard to extinguish given the endemic nature of instability in Yemen, says Anthony Skinner
RIMS concerned over Obama's budget plan
2 February 2010
Risk managers worried by plans to reduce terrorism backstop and inhibit reinsurance ceding
US budget reaction roundup
2 February 2010
Obama calls on Americans to live within their means
AMRAE in pictures
2 February 2010
Pictures from the conference in Normandy
AIRMIC enhances knowledge services
March 2010
Since November 2009, it has published four important reports
Born free and equal
March 2010
The multinational that abuses its power in poorer countries risks financial losses, litigation and reputational ruin. Yet shocking cases of exploitation still occur. It is time to take responsibility, says Nathan Skinner
Dangerous results
March 2010
2009 was a relatively mild year for natural catastrophes, with losses well below average. But with the tragedy in Haiti in January, and rising global temperatures continuing to put certain regions under pressure, there is no cause for complacency, argues Nathan Skinner
Ferma hits the big smoke
March 2010
On 29-30 September the Federation of European Risk Management Associations will hold its biennial seminar in the London Hilton Metropole
New world: New risks
March 2010
A report from the AMRAE conference
One size does not fit all
March 2010
It is nearly two years before Solvency II becomes law. Nathan Skinner finds out why its much-advocated standard model for solvency capital requirements is not the answer for beleaguered insurers and why captives need their own set of rules
Philosophy lessons from the crisis
28 January 2010
A philosopher's speech to the opening session of Les Rencontres had the audience wrappped in thought
What's the biggest risk to recovery?
26 January 2010
Is it squeezing the budget too quickly or delaying doing so for too long?
OECD welcomes Obama's financial plan
26 January 2010
New rules could help to avoid another financial crisis
AMRAE goes to the beach
25 January 2010
Full coverage of the Rencontres 2010 in Deauville is available here
Ecuador orders insurers to repay $19.4m
25 January 2010
AIG and Allianz both impacted by the decree from the insurance regulator
Banks lobby against "Obama's plan"
25 January 2010
Senior banking executives are to use the World Economic Forum to get their message across
Obama plans to boost financial oversight
22 January 2010
President says he is prepared to "fight" the lobbyists
A world of difference
December 2009
Laws relating to directors' liability vary across Europe - while the spectre of US extradition looms in the background, writes Neil Hodge
Companies could claim back competition fines
20 January 2010
High Court decision could lead to claims against D&O insurers by companies found guilty of competition law breaches
Colombian farmers sue BP over pipeline
20 January 2010
Trial date set for 2011
Eurostar sales grow despite travel chaos
20 January 2010
The train operator ended the year with a crisis but overall 2009 sales were up
SEC to incentivise cooperation
20 January 2010
Plans to help encourage individuals and companies to assist investigations
European banks face rating downgrades
19 January 2010
Fitch predicts continuing tough credit environment in 2010 and more consolidation
Red tape risks jobs and recovery
19 January 2010
New employment rules will cost UK businesses £25.6bn, argues the British Chambers of Commerce
Piracy fears have made profits
18 January 2010
$300-$500m from Gulf of Aden cover for $100m in ransoms
WEF highlights key global risks
14 January 2010
Today's unaddressed risks could become tomorrow's crises, warns Forum
Google challenges China's censorship
13 January 2010
Other companies should follow suit, says human rights group
No end in sight to soft market: RIMS
13 January 2010
Risk managers continue to enjoy favorable insurance prices, but brokers struggle with declining revenues, says RIMS benchmark survey.
Magnitude 7 quake strikes Haiti
13 January 2010
Thousands feared dead
HSB warns of equipment failure risk in snow
12 January 2010
Insurer advised businesses that heating systems should be kept operating at all times
British Chamber of Commerce issues recession warning
12 January 2010
UK at "serious risk of a double-dip recession", says economic survey
Internal auditors focus on the wrong risks
11 January 2010
Most internal auditors are concerned that they are unable to carry out their job effectively, says a survey
ABI criticised for failing to trace asbestos insurers
8 January 2010
Law firm says "success rate of 45% is simply not acceptable"
Ex-PwC risk chief joins SEC as head of compliance
8 January 2010
As head of Compliance Inspections Carlo di Florio will oversee SEC investigations
UAE joins sovereign default "at risk" list
7 January 2010
Report predicts risk of sovereign debt crises in 2010
Basel summit tackles "excessive risk taking"
7 January 2010
Top banks are invited to discuss proposals for a healthier financial system
Recession leaves UK firms underinsured
6 January 2010
A failure to adequately assess how the recession has affected corporate risk profiles could leave shareholders exposed
El Niño could dull hurricanes in Australia
5 January 2010
Guy Carp predicted below-average activity in the Australia region for the 2009/10 hurricane season
California telecoms firm fined for China bribes
5 January 2010
UTStarcom agrees to pay $3m in fines
US ramps up security following Detroit bomb plot
4 January 2010
Passengers from 14 countries face full-body pat downs at airports
OECD cautious on Copenhagen climate deal
2 January 2010
Countries' declared emissions reduction targets are not yet enough
A day in the life...
1 January 2010
of Patrick Smith, Risk Insurance & Claims, Hertz Europe
Risk and regulation in Europe
November 2009
The economic crisis, proposed governance reforms and contingent commissions dominated the Ferma Directors' discussion
2010's most competitive banks
23 December 2009
JP Morgan, Goldman Sachs and Bar Cap take the top spots
Don't reach for the lawyers....
22 December 2009
Suing to protect your privacy, or to prevent damaging allegations being made public is looking an increasingly bad risk
Don't reach for the lawyers....
22 December 2009
Suing to protect your privacy, or to prevent damaging allegations being made public is looking an increasingly bad risk
Climate conference delivers non-binding deal
22 December 2009
Organisers hope to reach firmer deal one year from now
RIMS appoints new president
22 December 2009
Terry Fleming, director of the division of risk management for Montgomery County, begins term on January 1
Collective bargaining
December 2009
As the European Commission proposes a system of collective redress, some critics fear a move towards US-style class actions says Neil Hodge
Inside the rating agency
December 2009
In his only UK interview, Moody's whistleblower Eric Kolchinsky offers a glimpse into the inner workings of the rating agencies and warns Nathan Skinner that systemic problems are getting worse not better
Managing the risk
December 2009
Managing your directors' and officers' liability (D&O) risk has always been important. In today's recession where pressures may encourage directors to cut corners and third parties to sue, it's vital, writes Sue Copeman
SIGS are given overhaul
22 December 2009
Experience has shown AIRMIC that members' interest groups based on industry sectors are more sustainable than those for specific topics, so it has reorganised its special interest groups. The industry groups are: charities, construction, financial institutions, food and distribution, media, IT and telecoms, power, property, rail, retailers, travel and water utilities. Others will be added according to members' needs.
Time running out for climate deal
17 December 2009
Negotiations at loggerheads
India ranked extreme risk for investors
17 December 2009
Political risks rise across South Asia, according to a new analysis
Toronto Dominion fined £7m
17 December 2009
Banks second fine for systems and controls failings
Ship owners should review piracy coverage
17 December 2009
JLT urges operators to stress test their response to this peril
Japan offers developing world $10bn climate package
16 December 2009
Talks stall as developing countries accuse rich world of doing too little
Emerging economy front runner in climate policy for the first time
16 December 2009
Brazil knocks Sweden down a notch in Climate Change Performance Index
US regulatory reform takes shape
14 December 2009
In a special report AM Best outlines the proposed financial regulatory changes in the US
Ferma expands into Norway
14 December 2009
Norwegian Risk Management Association brings total to 20 associations
Preparing for economic recovery
14 December 2009
Mikael Krohn comments on the changing focus in 2010 for banks and financial institutions
Ferma comments on planned changes to BER
14 December 2009
The association of European insurance buyers said the draft regulation makes some improvements but has shortcomings
FSA boosts stress testing regime
14 December 2009
Stress testing should be an important element in firms' risk management processes, says regulator
UK expands traveler information requests
9 December 2009
Travelers from more countries will have to supply advanced information in order to pass through security
Japan's GDP revised down
9 December 2009
Growth revised heavily downwards between July and September, official estimates say
Copenhagen: Day 1 round-up
8 December 2009
What the papers said on the first day of the UN Climate Change Summit
WEF proposes tackling bribery
8 December 2009
Calls on government, business and civil society to unite in the battle against corruption
Developing world wants bigger commitment
7 December 2009
The developed world should help with financing and technology, claims G77
South Africa demands aid to cut carbon
7 December 2009
South Africa ready to cut the growth of its carbon emissions by 34 % by 2020
Copenhagen: climate proposals close to what is needed
7 December 2009
A report released at the UN Climate Conference says countries may be close to agreeing the necessary emissions cuts
UN optimistic on ambitious deal in Copenhagen
6 December 2009
Negotiators should craft a solid deal for rapid action, says UN's top climate change official
PM is worst risk communicator
4 December 2009
Gordon Brown failed to reassure the public over swine flu, a survey said
Fleming outlines goals for RIMS' 60th year
3 December 2009
Terry Fleming, soon to be president of RIMS, tells StrategicRISK what his intentions are for the worlds biggest risk association
P&C rates could fall 10% in 2010
1 December 2009
Competition for good risks remains strong with plentiful capacity in property and casualty sectors, says Marsh
Dubai won't back debt company
30 November 2009
Investors could lose billions
US creates new fraud taskforce
30 November 2009
Led by the US Justice Department the new group will prosecute financial crimes
WHO reviews pandemic measures
30 November 2009
Relaxes international travel restriction recommendations
'Il cigno nero'
27 November 2009
The risks associated with Black Swans are unexpected, complex and dealing with them can be laborious. When ANRA met in Milan this was the topic on the table
Insurance for the developing world
27 November 2009
Microinsurance could be an opportunity for insurers in the recession
IRM elects new chairman and deputies
26 November 2009
Andrew Keeling promoted to Chairman, Alex Hindson and Tim Cracknell join as deputies
The implications of Dubai World's debt
26 November 2009
Exclusive Analysis provided the following foresight
Walker's final review published
26 November 2009
Proposes strict measures on corporate governance, pay and a powerful Chief Risk Officer role
Darling gets tough on banks
26 November 2009
What's in store under the new Financial Services Bill?
FSA welcomes Walker review
26 November 2009
Regulator approves of beefed up powers
AIG to pay Greenberg's fees
26 November 2009
Legal cases dropped and AIG to hand over personal items
Revised data shows UK still in recession
25 November 2009
Statistics reveal that national output slumped 0.3% in Q3
Nomura fined £1.75m
25 November 2009
FSA imposes penalty for inadequate systems and controls
Recession is a catalyst for business change
23 November 2009
CBI outlines emerging trends in supply chains, corporate finance and workforce dynamics
Macro prudential tools vital to future financial stability
23 November 2009
Lord Turner outlines reforms to regulation and supervision of large financial firms
Commercial litigation leaps 10% following credit crisis
22 November 2009
Over 70,000 civil law cases were launched in the High Court in 2008, says RPC
Hundreds of flooded homes evacuated in Cumbria
20 November 2009
There are currently 6 severe flood warnings, 25 flood warnings and 51 flood watches in place across the UK
RiskMap charts uncertainty and opportunity
19 November 2009
Control Risks outlined five states that could present opportunities for the adventurous investor
Reform and cooperation essential for recovery, says Geithner
18 November 2009
US Treasury Secretary outlines the reforms needed to keep the economy on track for a sustainable recovery
US may have overpaid to wind down AIG
18 November 2009
A special inquiry reveals at least one bank offered to cancel insurance contracts with the firm for less than the government paid
Corruption threatens economic recovery
17 November 2009
The majority of countries score poorly on a new corruption index
Energy users face credit and supply crisis
17 November 2009
Businesses are being asked by their providers for large cash sums up-front in order to secure essential energy supplies
Top ten US nat cats
16 November 2009
AIR modeled the worst natural catastrophes to hit the US in the past Century and what they would cost in today's terms
UK proposes £500,000 fine for data breaches
16 November 2009
The government launches consultation on whether breaches of the Data Protection Act should be met with penalty fines
FSA fines UBS worker for role in illegal trading
14 November 2009
Regulator also bans Andrew Cumming from the financial services industry
Marsh pays $435m to settle shareholder lawsuits
13 November 2009
Duperreault says: "We are happy to put it behind us."
Corporate manslaughter fines could run into millions
9 November 2009
Fines range upwards from £500,000, according to draft rules on the corporate manslaughter offence
US economy sheds 190,000 more jobs
9 November 2009
The unemployment rate hit 10.2% in the US last month, according to the US Department of Labour
Regulator fines UBS £8m
5 November 2009
Whistleblower reveals unauthorised trading and risk control failures
Trade cover increased on 13,000 UK firms
4 November 2009
Could boost £1bn of extra trade, said Atradius
ERM Question Time pictures
4 November 2009
Shots from the latest StrategicRISK Question Time event
Lloyd's and NATO highlight biggest risks
4 November 2009
Piracy, cyber security and climate change are the most serious threats to business and society, heard a New York conference
Swiss Re turns loss into profit
4 November 2009
Reinsurer says it has restored its capital base
BP fined $87m for safety failures
2 November 2009
Labour safety authorities issue BP with a record fine after it fails to eliminate hazards that caused the 2005 Texas City refinery explosion
Fewer Health & Safety investigations
29 October 2009
Figures reveal the number of HSE investigations declined by 43% in five years
The future is Live
29 October 2009
Airmic consulted its members on its future activities via a dial-in telephone discussion as part of the Airmic Live! Series.
Work until you drop?
28 October 2009
People with too few savings; possibly an end to the default retirement age. Welcome to the world of the older workforce. Will your organisation measure up?
The night shift risk
28 October 2009
Can shift work cause cancer? A growing body of evidence suggests that it may. And the first compensation has already been paid out.
New pandemic insurance cover
28 October 2009
Aon launches policy to reimburse companies for wages, fixed costs and extra expenses if they are unable to access their buildings
A truly international approach
November 2009
Nathan Skinner talks to Jorge Luzzi, worldwide director of risk management for Italian tyre maker Pirelli.
Making ERM work for you
November 2009
Enterprise risk management (ERM) was the theme of the latest StrategicRISK Question Time event, held in association with Marsh Risk Consulting. Nathan Skinner reports
Prepare more to avoid pirates
26 October 2009
30 out of 31 recent pirate attacks could have been avoided, says MARLO
BSI to develop financial services compliance standard
26 October 2009
The UK's standards body, the BSI, has developed a standard for compliance teams in UK financial services firms.
US sanctions North Korean bank
26 October 2009
The US Treasury has placed restrictions on a North Korean development bank because of its links to the arms trade
Baden-Baden: Tough lessons learnt in financial crisis
26 October 2009
Ernst & Young report says insurers have made clear changes
South Korea opens world's seventh biggest bridge
23 October 2009
The 12km long Incheon bridge is selected as one of the world's construction wonders
British economy contracts in Q3
23 October 2009
The economy shrank by 0.4%
Willis begins search for new CFO
23 October 2009
Regan will stay until early 2010
Aviva poaches Willis CFO
23 October 2009
Chief financial officer Patrick Regan leaves Willis for Aviva
Heath hires Baker from Bluefin
22 October 2009
Judy Baker joins major corporate accounts division
Gibraltar 'white listed'
22 October 2009
Gibraltar has signed 13 tax information sharing agreements and thus moves onto the OECD white list
Willis appoints new COO of captives
22 October 2009
Pauline Margrett is promoted to chief operating officer of the brokers Global Captive Practice
Marsh offers D&O tool for small clients
22 October 2009
New product measures the effectiveness of a company's D&O policy
Zurich loses 51,000 UK customer documents
22 October 2009
Zurich apologises for lost data, 1 million lost in South Africa
Obama praises NY terror cops
21 October 2009
The US President said the security services are "more integrated, more collaborative, and more effective than ever before
PRIMA calls for mandatory disclosure of broker commission
21 October 2009
The US based public sector risk association said it would continue to fight for mandatory full disclosure
UK swine flu vaccinations begin
21 October 2009
Seriously ill people and health care workers are the first to receive the jab
Arctic Ocean could be ice free in 10 years
20 October 2009
A new survey reveals the average thickness of North Pole ice-floes is too thin to survive the summer ice melt
Downturn spurs more litigation
19 October 2009
Around a quarter of companies polled expect the number of claims brought by whistleblowers to increase
Nigeria plans oil deal with delta
19 October 2009
The Nigerian government plans to offer Niger delta inhabitants a 10% stake in oil ventures, the Financial Times reports
China Russia trade drops 35%
19 October 2009
Trade topped $28bn in the first nine months of 2009
Be prepared
16 October 2009
How to handle the media in a crisis
Eastern Europe faces fragile recovery
16 October 2009
Average contraction of 6% in 2009 with a "fragile" and "patchy" recovery in 2010 expected
Mapfre launches global unit
16 October 2009
The new division will administer global programmes for large commercial clients
RIMS report calls for total transparency
15 October 2009
The association stressed that brokers should be acting solely in the interest of their client
Jobless rate rises to 8.6% in OECD
14 October 2009
Unemployment rises 2.3 percentage points higher compared with a year earlier
US tough stance on AIG exec pay
12 October 2009
Obama's executive remuneration tsar will crack down on bonus payments, reports the FT
Steering through the minefield
September 2009 StrategicRISK
The world of international business is a complicated one. Firms with overseas operations face a huge number of legal challenges, not least in the realm of insurance, writes Nathan Skinner
Japan struck by typhoon Melor
8 October 2009
70mph winds killed two people and caused damage to roofs, buildings and power lines
Expect higher prices under Solvency II, says insurer
8 October 2009
AXA Corporate Solutions' CEO expects insurers to pass higher costs onto their clients not their shareholders
Turning to risk management
8 October 2009
In response to the global economic downturn 69% of organisations have reviewed their approach to risk
Ferma 2011 bound for Stockholm
8 October 2009
Federation announces the location of its next gathering
New additions to Ferma
8 October 2009
Spanish and Turkish risk management associations join Ferma
CFOs step up risk management a notch
8 October 2009
Financial directors are playing an increasingly pivotal role in risk management
The relevance of reporting
8 October 2009
Is true reporting of risk in annual statements realistic?
Risk management awareness growing in Czech Republic
8 October 2009
Over 70% of Czech firms said they conducted risk management but far fewer have a dedicated risk management function
Concerns about Solvency II
6 October 2009
Emphasis on modelling could shift underwriting decisions to a senior manager within insurer
Progress – but challenges remain
6 October 2009
Lockton is positive about the future for risk managers
XL completes European mid-market rollout
5 October 2009
Launches new middle market unit in Netherlands
BAE vows to fight SFO bribery charge
2 October 2009
The Serious Fraud Office reveals its intention to prosecute BAE over foreign bribery. BAE says it will fight the case in court if necessary.
World Bank stops investing in palm oil
2 October 2009
The move highlights that firms should screen their suppliers thoroughly, says Anthony Skinner
IRM students collect awards
1 October 2009
See the prize winner photos
Indonesian quake kills 529
1 October 2009
Powerful magnitude 7.6 earthquake strikes off of Sumatra
Moody's whistleblowers give evidence
30 September 2009
Two former senior employees spill the beans on inaccurate ratings and conflicts of interest in the run up to the financial crisis and beyond
Ketsana slams into Vietnam
30 September 2009
Over 70 % of Hue City flooded and death toll stands at 350
Decentralise your global programme
30 September 2009
Placing too much emphasis on broad coverage in a master policy could mean breaking the law, insurance managers told
UK GDP drops less than expected
29 September 2009
GDP drops 0.6% in second quarter better than 0.7% expected
Don't ignore environmental risk says Aon
29 September 2009
Broker survey reveals European risk managers lulled into false sense of security over environmental risk
Jordanian arrested over plot to bomb Dallas skyscraper
28 September 2009
Terrorist plot foiled by undercover FBI operation
AIRMIC completes speed-of-settlement agreement
28 September 2009
Voluntary agreement expected to become common practice on all property and BI claims
UK D&O premiums set to reach US highs
28 September 2009
Financial firms see 15 % increases in D&O renewals
Flooding displaces 400,000 in Philippines
28 September 2009
Tropical cyclone Ketsana brings severe flooding to Manila
Pandemic vaccine donated to developing world
28 September 2009
Developed countries pledge to distribute 10 percent of their stock
Ferma president sets out his manifesto
24 September 2009
Peter Den Dekker is focused on delivering an agreement with brokers over contingent commissions and influencing the impact of Solvency II on the market
IRM speaker struck down with flu
23 September 2009
Conference continues with 300 delegates in Coventry. Award winners announced.
US to lift commission ban
21 September 2009
Marsh, Aon and Willis to ditch "contingent commission" ban
Three arrested in terror investigation
20 September 2009
Two men from Colorado and one from New York have been detained on terror charges
SEC launches new unit to police market risk
17 September 2009
University of Texas School of Law Professor Henry Hu will head up the Division of Risk, Strategy and Financial Innovation
French banks oppose G20 capital plans
17 September 2009
Bigger capital buffers would put European banks at a disadvantage, they say
Brokers fail to combat bribery risk
16 September 2009
Despite Aon's massive fine commercial insurance brokers are still not tackling bribery, according to a regulatory inquiry
UK unemployment reaches 2.47m
16 September 2009
The unemployment rate reached 7.9% and is expected to continue to climb to 10%
Air traffic falls by 10%
14 September 2009
Passenger numbers are being hit hard by the recession
Is the recession over?
12 September 2009
Perhaps, but don't cheer just yet
How to survive the fall-out
12 September 2009
When Nokia Siemens was accused of aiding Iran's web spying its PR fight back was a model of its kind
Combined code consultation
September 2009 StrategicRISK
Should the board's responsibility for setting strategic risks be made more explicit?
Global analysis
September 2009 StrategicRISK
Regulatory approaches to insurance vary throughout the world, even among countries that are in the same region. Nathan Skinner summaries some of the differences
Meet the new chairman
September 2009 StrategicRISK
AIRMIC's new chairman talks to StrategicRISK
Summer clouds, silver linings
September 2009 StrategicRISK
Mike Osborne discusses some of the lessons learnt from inclement summer weather and the threat of swine flu
Taxing issues
September 2009 StrategicRISK
In Europe, the Kvaerner ruling set a legal precedent that companies must allocate premium to where the risk is located. Praveen Sharma examines the challenges and offers some helpful suggestions
The gold standard
September 2009 StrategicRISK
Alex Dali and Christopher Lajtha offer some practical tips for responding to the new risk management standard ISO 31000
The view from Europe
September 2009 StrategicRISK
Nathan Skinner summarises what is happening in Europe's risk management associations
The way ahead
September 2009 StrategicRISK
With the theme of this year's FERMA forum being the future of risk management, Lee Coppack looks at how the risk manager's role is evolving in Europe
11 September 2009
Top companies in emerging economies enjoy better customers relations and reputations
11 September 2009
Top companies in emerging economies enjoy better customers relations and reputations
11 September 2009
Can it pull the world out of recession?
11 September 2009
Can it pull the world out of recession?
Resource wars and mass migration
11 September 2009
Too few companies are making the effort to mitigate climate change risks
DVS report from Munich
11 September 2009
German risk managers discuss the implications of the financial crisis, a new law with implications for D&O and the Solvency II deadline
Refreshing the parts…
September 2009 StrategicRISK
Nathan Skinner visits the giant Heineken brewery in Amsterdam and talks to Eric Bloem, the firm's head of insurance
Switzerland tops competitiveness index
8 September 2009
US drops to second place and UK ranked 13th
Businesses cutting back on risk management
7 September 2009
A third of risk managers polled said budgets are shrinking
Food security
7 September 2009
A growing population is putting more pressure on global food resources which is increasing the risks of political and economic instability
Human rights violations pose business risk
7 September 2009
Pakistan, Bangladesh, India, Russia, Iran and China all ranked extreme risk
Pfizer fined $2.3bn for fraudulent marketing
4 September 2009
The drug company marketed some of its drugs for off-label uses and paid kickbacks to incentivise medics to prescribe them
OFT wants tougher competition rules for directors
24 August 2009
The Office of Fair Trading is considering widening its use of penalties against directors for breaching competition law
Pirelli risk manager appointed new FERMA board member
24 August 2009
Jorge Luzzi replaces Franck Baron who has joined AXA Corporate Solutions
First UK firm charged under Corporate Manslaughter Act
20 August 2009
Prosecutors intend to prove that senior management failings led to the death of a junior geologist
Private companies increase investments
19 August 2009
Optimism amongst CEOs signals a turn in the economy
US hacker steals 130m records
18 August 2009
Miami hacker reportedly worked for the secret service before turning rogue
Allstate settles class action suit
18 August 2009
Personal lines giant settles for an undisclosed sum after nearly ten years
US ruling raises spectre of contingent commissions
17 August 2009
European risk managers express concern about a ruling that allows Illinois brokers to resume contingent commissions
StrategicRISK rewards European risk management excellence
15 August 2009
The 2009 Roll of Honour and pictures from the evening celebration
Atlantic storms stronger and more active
14 August 2009
Long periods of warm Atlantic Ocean conditions produce greater hurricane activity, says research
AIG makes a profit at last
10 August 2009
First quarterly profit since 2007 boosts troubled insurer
Economic indicators show signs of green shoots
7 August 2009
Data from the OECD indicates a turn in the business cycle could be on its way
Ace Europe appoints new CFO
6 August 2009
Mike Reynolds joins from Aon Benfield
Pension risk transfer market to exceed £10bn
5 August 2009
25% growth in market over 2008, say new figures
BofA settles Merrill bonus case for $33m
4 August 2009
Bank of America allegedly misled investors over bonus payments in the takeover of Merrill
Approaches in Europe
July 2009
Andrew Williams looks at the approaches some major EU states have taken in transposing the ELD into national law
Buying the right cover
July 2009
What should you look for if you need to transfer your potential ELD liability? Simon Johnson explains
European overview
July 2009
Pierre Sonigo gives his own perspective on the development and complexities of the ELD
Frequently asked questions
July 2009
What new liabilities does the EU directive introduce?
What's driving ERM
July 2009
Nathan Skinner gives an overview of enterprise risk management and looks at some of the drivers
Business urged to fight corruption
30 July 2009
UK draft Bribery Bill aims to update rules on corruption
Storms inflict havoc on Central and Eastern Europe
29 July 2009
Severe winds left a trail of destruction through Poland, Austria, Switzerland, Czech Republic, Slovakia and Germany
Recession keeps premiums soft
28 July 2009
Excluding financial services firms D&O policies renewed with an average 4.1% decrease, new figures show
North Carolina men arrested on terrorist charges
28 July 2009
Seven men were arrested in the US after allegedly conspiring to wage jihad overseas
US lifts trade ban on Syria
27 July 2009
The Obama administration has lifted bans on exporting certain aviation and IT goods to Syria
Soft targets top of terrorists' hit list
23 July 2009
Jakarta bombs are indicative of a trend where terrorists are selecting soft targets like luxury hotels
HSBC fined £3.2m for losing customer records
23 July 2009
FSA says customer data 'could have ended up in criminal hands'
Terrorists target luxury hotels over embassies
23 July 2009
Targeting hotels allows the terrorists to circumvent strict physical security at embassies, says intelligence group
IMF plans $250bn stimulus package
21 July 2009
Nearly $100bn is set aside for the developing world
German bank accused of spying
21 July 2009
Deutsche Bank has been caught up in a scandal over allegations it spied on non executives
US and Thai regulators agree to cooperate
21 July 2009
New York insurance regulators have signed an agreement with their Thai counterparts
UK lowers terror threat
20 July 2009
The downgrade means there is a 'strong possibility' of an attack
UK economy set to shrink 4.5% this year
20 July 2009
A swine flu outbreak could knock an additional 3% off GDP, say economists
Rignault moves to head AXA France
20 July 2009
Philippe Rocard will take over as chief executive of AXA Corporate Solutions
Governance revamped
17 July 2009
John Liver gives his verdict on the implications of the Walker review
UK expects 65,000 swine flu deaths
17 July 2009
But British public told not to panic
Rio denies bribery allegations
17 July 2009
China has accused the mining giant of bribery and stealing state secrets
Swine flu strain resistant to Tamiflu
13 July 2009
But the virus remains sensitive to other medications
Government reviews corporate governance
13 July 2009
The Walker review is expected to increase scrutiny of non-execs and pay schemes
Venezuela sees increasing state control
13 July 2009
An update on insurance regulatory change in South America from law firm Mayer Brown
Still time to reduce swine flu risk
10 July 2009
BSI urges firms to prepare for a winter flu pandemic
Fiscal risk biggest in Italy and Japan
10 July 2009
G8 commit to fiscal responsibility as research reveals they are the ones most at risk
Dallas firm charged with Ponzi scheme
8 July 2009
Three Texans allegedly masterminded a $485m fraud
$62m stolen from US banks last year
7 July 2009
Most robberies occurred on Friday in the morning
Trade credit cover claims soar
6 July 2009
Number of claims up by nearly half but value rises 166%
Amnesty slams oil in Niger Delta
3 July 2009
Extractive industry brings poverty and pollution to the region, says report
Chavez nationalises Banco de Venezuela
3 July 2009
Deal goes ahead with an initial payment of $630m
Aon appoints UK chief executive
2 July 2009
Replacement for Peter Harmer announced
US P&C industry loses $1.3bn in Q1
2 July 2009
Worst result since records began but insurers remain well capitalised to pay claims, claims the ISO
Institutional investors backed banks in run-up to crash
2 July 2009
The majority of fund managers failed to signal concerns about banks governance and remuneration schemes
Workers should wear shorts
2 July 2009
Employers are urged to cool down their offices and their staff
Top ten regimes at risk
1 July 2009
The financial crisis is increasing the likelihood of dramatic political changes
What went wrong at Lehman
1 July 2009
Lehman's former head of regulatory compliance speaks out for the first time
NARIM appoints new chairman
1 July 2009
Ellen Rekker succeeds Peter Den Dekker as head of the Dutch risk association
Digital democracy
July 2009
Parliament is in trouble because an institution designed to operate under closed politics has collided with the new realities of the information revolution
Rising to the occasion
July 2009
Last year, UK risk management association AIRMIC announced initiatives to promote better claims handling by insurers and to challenge the issuing of issuing reservation of rights when large claims are made. Graham Buck offers a progress report
Summit safety
July 2009
Security was paramount when world leaders met in London at the ExCeL centre for the G20 summit in April. Carole Edrich gives her personal feedback
Swine flu sparks fears and pandemic planning
July 2009
Business continuity plans have been put to the test
The dilemma of dissent
July 2009
Unpalatable news is rarely welcome in the boardroom – and may not be believed. Nathan Skinner interviews HBOS whistleblower Paul Moore
Lloyd's puts Venezuela on high risk list
30 June 2009
The London marine insurance market responds to Chavez's expropriation moves
Turkey progresses in fight against corruption
30 June 2009
But continues to be in non-compliance with international anti-bribery convention
More strikes in Europe as recession bites
29 June 2009
Firms face a heightened risk of disruption because of the impact of the recession on jobs and more active environmental campaigners
Bank of America accused of discrimination
29 June 2009
The class action suit alleges that women brokers at the bank were eligible for smaller bonuses
Exporters concerned about swine flu trade restrictions
25 June 2009
WTO members are worried that some countries still ban the import of pork products
UK fights for weaker pollution limits
25 June 2009
Environmental group deplores stance by UK, Italy and Eastern Europe
AIG spins off units to cut debt
25 June 2009
The insurer is putting two units into SPVs in order to reduce its Federal debt by $25bn
Duke of York addresses Lloyd's in New York
24 June 2009
Hudson River pilot receives Lloyd's Medal for Saving Life
Manchester council loses laptops
24 June 2009
Local city council breaches the Data Protection Act
Survey raises supply chain concerns
23 June 2009
The recession breeds greater operational risks to business
BRIC by BRIC
23 June 2009
Can emerging powers rebuild the world economy, asks Rebecca Jackson?
Risk managers need help with large claims
22 June 2009
A claims consultant said companies don't have the resources to cope with large volumes of complex claims
Insurance industry needs to get real
19 June 2009
Simply not realistic to ask for higher premiums, says Lockton CEO
US survey reveals drop in TCOR
19 June 2009
Total cost of risk dropped almost 10% in the US last year, according to a RIMS benchmark
AIRMIC 09 in photos
18 June 2009
More pictures from this year's conference
Work smarter, risk managers told
18 June 2009
Five things risk managers can do to show how they add value
Lessons from the financial meltdown
18 June 2009
StrategicRISK associate editor Nathan Skinner talks to Matt Kimber, UK chief risk officer for Marsh and former head of operational risk for the Lloyds/HBOS group
Agreement to speed claims settlements
18 June 2009
Seven of the UK's largest commercial insurers guarantee that big claims are settled promptly
AIRMIC research evaluates risk appetite
18 June 2009
Risk appetite is increasingly important to boards but it is inconsistently defined and applied
PwC fraud academy opens its doors...
18 June 2009
Forum allows members to share best practice on fraud, bribery and corruption prevention
Promoting the risk manager
18 June 2009
What skill sets may risk managers need in the future that some of them don't possess now?
Reduce carbon emissions due to fire and natural disaster risks
18 June 2009
Business property owners can reduce greenhouse gases attributable to fire and natural disaster risks
Kiss – the answer to implementing risk management
18 June 2009
Avoiding using jargon to get your risk management message across
Broker remuneration guidance
18 June 2009
Buyers of commercial insurance require information on how potential conflicts of interest will be managed, says AIRMIC
Risk managers dig deeper into insurer security
18 June 2009
82.5% of risk managers said that they have started measuring their insurer counterparty risks more frequently
AIRMIC focuses on careers' progression
18 June 2009
The association has put together a career structure model for risk managers
Crawfords launches Broadspire
17 June 2009
StrategicRISK talks to Margaret Clubley, vice president, Broadspire a Crawford company, about Crawford's renamed UK third party administrator (TPA), Broadspire, why it's been formed and the key issues in the TPA arena
Reforming civil litigation
17 June 2009
Lord Justice Jackson's preliminary report on costs in civil litigation in England and Wales
Heath appointed for London Tideway Tunnels
17 June 2009
Heath Lambert won the tender for a Thames Water programme to reduce sewage discharge into the River Thames
Dutch risk manager survey
15 June 2009
Dutch risk and insurance professionals give their verdict on current risk issues and the financial crisis
Safe means safe
15 June 2009
A Court of Appeal ruling boosts the requirement on employers to provide a safe workplace
Proportional representation
15 June 2009
Captives should be treated differently under Solvency II, says ECIROA
Agricultural risk
14 June 2009
Diversification brings with it dangers
Financial firms worried about their risk controls
11 June 2009
A survey of European financial institutions found a lack confidence in their own internal risk management
Dutch risk managers gather for annual symposium
11 June 2009
Around 200 risk managers from NARIM are expected to attend the conference in Ermelo
Air France costliest since 2001
10 June 2009
Rates may have to rise 20% as number of crashes rise
Last Lloyd's insurer drops off FTSE 100
9 June 2009
Amlin crashed out of the index after its share price plummeted
UK widens credit insurance support
9 June 2009
Credit insurance top up scheme now open to more companies
139 swine flu deaths worldwide
9 June 2009
73 countries have officially reported over 25,000 cases of the new strain
Munich Re transfers cat risks to capital markets
9 June 2009
First cat bond covering non-US risks to be issued after the collapse of Lehman
Migrant workers at higher risk
8 June 2009
New figures reveal that migrant workers in the UK construction sector are much more likely to be injured or killed in the workplace
A way out of the dark
8 June 2009
China and the US need to cooperate in order to achieve a sustainable economic recovery
Investors rate sustainable performance
8 June 2009
Environmental and social factors can have a material impact on fund's returns, finds survey
Local bodies fail to prepare for emergencies
8 June 2009
Government is not doing enough to promote civil protection in the UK, said a broker survey
Air France sensor suspected
8 June 2009
Speed sensors were being replaced after dispute with Airbus
Global insolvencies predicted to rise 35%
5 June 2009
The economic gods remain thirsty for blood, warned a credit insurer
Countrywide execs charged with fraud
5 June 2009
The head of the biggest mortgage lender in the US lied about how much risk his firm was taking on, claims the SEC
Health insurers invest in tobacco
5 June 2009
Insurers have found a way of profiting from tobacco and health insurance, found a study
New protection against subcontractor default
5 June 2009
A Surrey construction company pioneered a new type of insurance
M&S tops reputation survey
4 June 2009
Supermarket chains dominate poll of the most reputable UK companies
Cap and trade a bitter pill for S&P500
3 June 2009
An emissions trading scheme like the one already in place in Europe could pose a serious financial risk to some US companies, found a new report
Islamic terrorists have shifted to South Asia
2 June 2009
There have been fewer terrorist attacks in the Middle East but increased activity in Pakistan, India and Afghanistan, according to Aon's terror threat map
Violent risks escalated in 2008
2 June 2009
The economic crisis is the main cause for the decline in peacefulness, which costs the world $7.2 trillion a year
First swine flu case in Bulgaria
2 June 2009
Swine flu is also being eyed in the death of a New York baby
Market for pension risk will halve this year
2 June 2009
But actuaries predict growth in longevity protection market
GM files for bankruptcy
1 June 2009
Signals the end of the company's 77 year history
Air France Jet goes missing
1 June 2009
A commercial airliner carrying 228 people has gone missing over the Atlantic Ocean
A guide to the environmental liability directive
July 2009
This twenty page in-depth guide examines the European Environmental Liability Directive. Now transposed into the legislation of most of the EU member states, the ELD has potential implications for many European companies.
A decent proposal
29 May 2009
Success for extractive industries in resource rich, low-income countries relies on effectively engaging with the local community. But it is not always easy.
Lloyds banker joins Marsh as UK CRO
29 May 2009
Matt Kimber joins broker from Lloyds Banking Group
BRICS leave growing economic footprint
29 May 2009
New research confirmed the extent of economic integration into the world economy by BRICS
No bonuses this year for risk managers
28 May 2009
Overall risk experts expect to get bonuses 48% smaller than in 2008
Shell human rights trial postponed
28 May 2009
Relatives of murdered activists say Royal Dutch Shell played a role in their executions
Treasury issues sanctions against Hizballah
28 May 2009
Two African-based supporters have had their assets in the US frozen
Recession breeds human rights abuses
28 May 2009
Growing insecurity threatens to trigger a global human rights crisis, warns Amnesty International
Feds foil New York terror plot
27 May 2009
Four arrested in plot to bomb synagogue and shoot down military planes
Shipping Industry dismisses reports of targeted Somali piracy
27 May 2009
Recent attacks have shown pirate gangs to be wholly opportunistic, says International Maritime Bureau
Swine Flu: FAQ
April/May 09
Dr. Gonzalo Venegas has written this column to respond to frequently asked questions about H1N1
Recession to end "soon"
27 May 2009
Forecasters think US economy will turn in Q4 2009 or Q1 2010
US single regulator battle hots
27 May 2009
Former economic adviser weighs in behind Federal Reserve
The way forward
26 May 2009
The head of the FSA outlines future of financial services regulation
Failure of Hong Kong insurer reveals challenges
26 May 2009
The failure of Anglo Starlite Insurance reveals the dangers of cash-flow underwriting, says Fitch
Microsoft fined $200m for breaching patent
26 May 2009
The verdict represents the fourth largest jury verdict in the US and the second-largest patent jury award
Madoff victims recoup $116m
26 May 2009
Hundreds of Madoff's former customers will receive $500,000
AIG ranks bottom in reputation survey
26 May 2009
Consumer goods companies top the table of most reputable US firms
Rio slashes metal price
26 May 2009
Mining group sets a benchmark for the price of iron ore
Rubini takes charge of ANRA
24 May 2009
Telecom Italia's Paolo Rubini has been elected president of the Italian risk management association
Somali pirate attacks surpass 2008 figures
21 May 2009
Incidents off the east coast of Somalia have surged this year
S&P downgrades outlook on UK economy
21 May 2009
The rating agency said the assessment was based on the UK's mounting debt
Europe approves Danish rescue for Fionia Bank
20 May 2009
Government bailout worth €819m
Internal displacement at record high
20 May 2009
Conflict and natural disasters forced 26m people to flee their homes in 2008
Swine flu infections top 10,000 mark
20 May 2009
41 countries report infections with 80 deaths
Industrial production drops 2 % in euro area
14 May 2009
As a whole compared with a year earlier industrial production is down around 20%
Pig flu victim sues Smithfield
14 May 2009
Suit claims Mexican farm was a 'breeding ground' for swine flu
OFT clampdown on cartels
14 May 2009
Companies that resort to price fixing to boost profits in the recession will be targeted, warns law firm
Competition authorities fine Intel record €1bn
13 May 2009
Intel accused of illegal sales practices to encourage manufacturers to use its microprocessor chips
Regulator fines Morgan Stanley £1.4m for risk failure
13 May 2009
Failure meant that a trader could deliberately cover up losses of $120m
European captives welcome Solvency II framework
12 May 2009
European Parliamentary vote is welcome step forward, says ECIROA
AIRMIC members reveal their pandemic fears
12 May 2009
Loss of staff and service disruption are biggest pandemic concerns
Construction sector failing to manage project risk
11 May 2009
Breach of health and safety legislation is a common mistake, says Marsh
Brokers report decline in insurance buying
11 May 2009
BIBA warned businesses not to reduce cover without consulting a broker
Apartheid victims can sue multinationals
8 May 2009
A US District Judge ruled that several companies can be sued by apartheid victims for 'aiding and abetting' the regime
Bank of China managers ran $485m laundering scam
7 May 2009
Involved laundering money through Las Vegas casinos
Q2 renewals yield reductions
7 May 2009
Only half of UK underwriters predict an increase in premium, says global broker
E&Y comments on Solvency II
6 May 2009
Solvency II will be at the top of every insurer's agenda for the next three years, it says
UK risk managers speak out
6 May 2009
Results of StrategicRISK research will be published in early May
Solvency II: a clarification
6 May 2009
Agreement reached but formal rubber adoption still pending
Changing perceptions
6 May 2009
Mike Osborne believes that organisations are rethinking their approach to business continuity planning
Changing perceptions
6 May 2009
Mike Osborne believes that organisations are rethinking their approach to business continuity planning
Corruption risks on the rise
April/May 09
There is probably no more corruption in the world now than there was 30 years ago, but corruption related risks for companies have substantially increased – particularly over the last decade – warns Robert Barrington
Employees retaliate
April/May 09
Fraud is growing with the recession
Gustaf Hamilton and Charlotte Barnekow
April/May 09
Perhaps the risk management profession is expected to cover too much. There should be limits set about what fits into a risk manager's job description
It could happen to you
April/May 09
As companies find themselves looking outside their normal areas of operation, Heyrick Bond Gunning expands on his clients' experience in countries where corruption and bribery loom large
It's good to talk
6 May 2009
AIRMIC live call
Know your business
April/May 09
Identifying your suppliers and customers is crucial if you want to avoid international corruption scandals and legal penalties. Michael Short has the answers.
Lessons from Turner
6 May 2009
The UK's Financial Services Authority has published the Turner review - a response to the global banking crisis
Picking up the pieces
April/May 09
Have the high profile casualties of the finance sector strengthened the case for risk management, or merely exposed its limitations? Graham Buck looks at the evidence
Policing your suppliers
April/May 09
With the threat of jail time, massive fines, exclusion from government contract work, and potentially ruinous damage to their reputations, companies should be putting bribery risks committed via third parties high on their risk agenda, says Neil Hodge
Ransoms encourage piracy
6 May 2009
Commercial shipping companies paying ransoms have made piracy a booming industry
The Airmic Conference
6 May 2009
Promoting the risk manager
Unrest and uncertainty
April/May 09
The world is a risky place and economic recession has not helped, says Nathan Skinner
Solvency II clears final hurdle
5 May 2009
CEA welcomes formal approval of Solvency II Framework Directive by EU finance ministers
Bankers were authors of their own demise
5 May 2009
A parliamentary inquiry pins responsibility for the financial meltdown on a culture of risk taking
Recession to cause UK jobs exodus
5 May 2009
81% of large firms are considering moving major functions abroad, finds study
Workers in small companies most at risk of death
5 May 2009
Last year 51% of the construction workers killed, worked for companies with fewer than 50 employees
Securities litigation up slightly
5 May 2009
Advisen tracked 169 global securities cases in the first quarter of 2009
Crisis Survivor prepares for pandemic
5 May 2009
The business continuity consultancy boosts its pandemic planning unit
UK most at risk to spread of flu pandemic
1 May 2009
Research reveals developed nations are at extreme risk of spread of the flu, but their capacity to contain an outbreak is good
First swine flu casualty confirmed outside Mexico
29 April 2009
A baby in the US has died of swine flu, according to the Centers for Disease Control and Prevention
Pandemic, or not?
29 April 2009
H1N1, or swine flu, has pandemic potential but so far it is mostly causing only mild flu symptoms
Ten countries ban pork imports
29 April 2009
Swine flu fears spur knee-jerk measures
Swine flu could hit the UK economy hard
28 April 2009
Businesses should prepare themselves for major staff disruptions, says the Business Continuity Institute
WHO raises alert on swine flu
28 April 2009
The World Health Organisation has raised its pandemic alert following an outbreak of swine flu
Swine flu breaks out
27 April 2009
40 cases of human infection in the US, 26 in Mexico, 6 in Canada and 1 in Spain reported so far
Plaintiffs could use US courts for class actions
27 April 2009
A case in the US could encourage claimants to use the US class action system
US declares public health emergency for swine flu
26 April 2009
20 confirmed cases of human infection to date in US
Re/insurers' group welcomes Solvency II vote
22 April 2009
CEA 'delighted' with approval for insurance industry directive
PwC heralds Solvency II breakthrough
22 April 2009
'Another major milestone', says firm
IRM waves Diploma admission fee for readers
22 April 2009
StrategicRISK subscribers won't have to pay the admission fee for the IRM International Diploma in Risk Management
Commercial premiums continue slide
21 April 2009
Financial institutions' directors and officers market has hardened but rates are flat or modestly down in other product lines, according to RIMS survey
Is now the time to consider a captive?
17 April 2009
The time to benefit most from captive insurance is now, says Guernsey Finance
Insurer warns jobless could turn to extortion
15 April 2009
Rising unemployment in developed nations tends to lead to more extortion, warned Hiscox
Bournemouth to host Alarm conference
9 April 2009
More than 500 people are expected to attend
Insurance costs hinder development of renewables
8 April 2009
Major offshore wind farm projects are struggling to be commercially viable, says Aon
Surge in 'whistleblowing' predicted
7 April 2009
Employees should be reassured that they will not face blacklisting if they blow the whistle, says Protiviti
IRM miss-assesses risk from G20 protests
2 April 2009
We are at a loss to understand why we were on the protesters hit list, says chief exec Steve Fowler
Turner review: What does it mean?
March 2009 StrategicRISK
Lord Turner's regulatory reform agenda is not just about technical changes to banks' capital requirements, says Jonathan Jesty
Corporate Manslaughter one year on
2 April 2009
It is likely investigations are underway that intend to take advantage of the new powers, warns Aon
AIRMIC responds to remuneration disclosure guidance
1 April 2009
The association describes it as a step forward in clarifying broker remuneration
P&C insurers should return to 2004 terms
1 April 2009
AXA Corporate Solutions says insurers need to return to 'technically adequate' risk pricing
FSA arrests two following insider dealing probe
1 April 2009
Search warrants were executed at a number of addresses in Greater London
UK economy loses £11.1bn a year to major disruptions
31 March 2009
The Business Continuity Institute estimated that 0.8% of UK GDP is lost due to lack of business continuity management
OECD calls for regional response to crisis
30 March 2009
A return to trade protectionism is not sensible, said OECD secretary-general Angel Gurría
IRM launches website to understand recession
29 March 2009
Recession Watch webpage is designed to help risk managers harness opportunities and mitigate threats from the recession
London G20 protests
27 March 2009
Violence is a possibility but the majority of demonstrations will be peaceful, said Exclusive Analysis
Swedish market issues
27 March 2009
Fresh capacity may be keeping rates flat in traditional lines but broker profitability is still causing concerns
SWERMA re-elects Ericsson's Barnekow
27 March 2009
Charlotte Barnekow, head of insurance and risk management at Ericsson, will serve a two year term as chairwoman of the Swedish risk association
Fresh capacity keeps rates flat in Sweden
27 March 2009
Traditional insurance lines should continue to remain soft for Scandinavian companies, predicts JLT
Lloyd's profits halve to £1.9bn
24 March 2009
Focus on risk management and underwriting a success
Recessionary risk
23 March 2009
AIRMIC Live outlines key credit and fraud risks in a recession
Credit crisis litigation doubled last year
23 March 2009
576 new suits filed in US courts in 2008
Total blamed for £700m Buncefield damages
20 March 2009
French oil giant's pay out includes £5m to Allianz
RIMS publishes ERM technology guide
19 March 2009
Risk managers should make sure ERM solutions are user-friendly and flexible, says association
FSA plans greater liquidity risk oversight
18 March 2009
Lord Turner recommends a major overhaul of bank supervision which, if implemented, could radically change capital and liquidity regulations
FRSGlobal responds to FSA's liquidity overhaul
18 March 2009
Launches new regulatory platform to meet FSA liquidity requirements
US recoups AIG bonuses
18 March 2009
Treasury Secretary knock $165m off AIG's latest $30bn aid
Local authorities urged to join RBS class action
17 March 2009
Shareholders and pension funds mull legal action against Lloyd's Banking Group and other banks to recoup investment losses
NY Attorney General issues writ on AIG
17 March 2009
Subpoena lands on AIG desk after failure to detail bonuses
IRM creates new tier of specialist members
16 March 2009
Awards the first specialist member certificate to Dr Stephen Carver from Cranfield University
AIG UK publishes financial update
13 March 2009
Insurer issues financial metrics to reassure the market
FBI worried Al-Qaeda will emulate Mumbai attacks
13 March 2009
A small number of trained and determined attackers with unsophisticated weapons can do a great deal of damage, said the bureau
Ransom disputes put lives at risk
13 March 2009
Most ransom demands are between $1m and $4m per ship, says Chubb
AIG's losses were in London
13 March 2009
London unit with US boss may have lost a trillion dollars
Most rating agencies fail to apply standards
12 March 2009
14 out of 21 credit rating agencies worldwide failed to implement an international code of practice
Madoff pleads guilty
12 March 2009
Faces 150 years imprisonment
Europe votes to strengthen environmental rules
11 March 2009
Environmental groups welcome tougher laws but express disappointment that certain measures to tackle industrial emissions have been watered down
FERMA finalises 2009 risk forum agenda
11 March 2009
The theme this year is the global village and the future of risk management
AIG's bailout goes direct to banks
10 March 2009
At least $50bn of the federal bailout money has benefited around 12 financial institutions, reports said
XL ups environmental cover under general liability
9 March 2009
Insurer responds to increased liabilities arising from the Environmental Liability Directive
ACE hires UK client manager
6 March 2009
Shaun Edwards joins from AXA CS
Russian's propose settling BNY money laundering allegations
6 March 2009
$800m settlement seeks to end dispute over unauthorised fund transfers dating back to 1990s
AXA reassures investors
6 March 2009
We have never asked anyone for help, says head of insurance group
Aon launches cost reduction initiative
5 March 2009
Broker claims to be driving down the cost of risk
D&O flood could drown insurers
5 March 2009
The D&O market is deeply troubled and some insurers will be forced into insolvency over the next 18 months
Governments should boost risk management: OECD
5 March 2009
Advocates use of country risk managers
Don't blame offshore
5 March 2009
A new wave of regulations is one of the likely consequences of the financial crisis, and the microscope will be focussed on offshore financial centres. During his election campaign, President Obama criticised "corporations that hide their profits offshore", pointing to Bermuda. Angela Merkel, the German Chancellor, also has offshore in her sights. "We can no longer stand passively by as individual small countries attract financial institutions by ignoring internationally agreed-upon ...
US commercial lines market stable: AM Best
4 March 2009
Expects an overall flattening of rates in 2009
Norwegians form risk management association
4 March 2009
The Royal Norwegian Embassy in London played host to the first official gathering of Norwegian risk managers
Europe agrees to regulate rating agencies
4 March 2009
Europe has agreed a plan to supervise credit rating agencies
Buyers should pay for ratings
3 March 2009
Ratings paid for by investors would eliminate the conflicts of interest that contributed to the financial crisis, says New York Insurance Superintendent Eric Dinallo
Eastern Europe in deep crisis
3 March 2009
European Union leaders rejected a multi-billion dollar rescue plan for Eastern Europe which is facing a deep economic crisis
Guy Carpenter launches Eastern Europe flood model
3 March 2009
Model covers multiple countries
Greenberg to sue AIG for fraud
3 March 2009
Shares bought for more than $50 worth less than 50 cents
AIG reports $61.7bn Q4 loss
2 March 2009
Represents the largest loss ever in American corporate history
Are you being served?
March 2009 StrategicRISK
Sue Copeman looks at the findings of a survey measuring brokers' opinions of commercial insurers in the UK
Recovery at a price
March 2009 StrategicRISK
There is fear in the current recession – and fear breeds inaction.
Rome II: New Year New rules
March 2009 StrategicRISK
EU regulation Rome II should bring greater certainty over liability issues. Wendy Hopkins and Stephen Turner write
The cost of compliance
March 2009 StrategicRISK
While businesses may greet EU proposals for new regulation with a universal groan, Andrew Williams asks – is the need for compliance actually an aid for risk managers in establishing better systems and practices?
Feds arrest Stanford CIO
27 February 2009
Chief investment officer is accused of obstructing justice
The price is right
27 February 2009
Changes are afoot in the co-insurance market in Europe which could increase competition for certain large insurance contracts and ultimately be a good thing for buyers. But is the market prepared to change?
Captive management
March 2009 StrategicRISK
Foreword by Peter Niven, chief executive of Guernsey Finance
Guernsey: Europe's number one domicile
March 2009 StrategicRISK
Richard Le Tocq explains the reasons for Guernsey's success
Jurisdiction comparison
March 2009 StrategicRISK
Jonathan Groves provides a comparison of captive jurisdictions and the relevant rules in some key European countries
Solvency II brings new pressures
March 2009 StrategicRISK
Updating solvency frameworks has become essential for captive domiciles in the light of Solvency II. Richard Walker describes Guernsey's approach
Poland struggles with foreign debt
26 February 2009
Poland has estimated external bills of $100bn, says JLT
New liabilities
26 February 2009
A new law governing the protection of natural habitats has come into force in the UK
AXA CS weathers the financial storm
25 February 2009
Turnover and operating profit both increase but combined ratio tops 100%
Credit insurers take over from rating agencies
25 February 2009
Insurers are better than rating agencies at determining companies' credit worthiness, says Aon
China mine explosion kills 74
25 February 2009
State officials call for a major overhaul of safety practices
Wake up call
24 February 2009
Australia's fires and floods prove that governments need to toughen their targets to curb Greenhouse emissions
Australia wildfires return
24 February 2009
Eight fires have broken out in the Australian state of Victoria
Swiss Re downgraded
24 February 2009
Moody's moves senior debt ratings to A1. Outlook is negative
AIG's $60bn loss demands aid
24 February 2009
Bankruptcy on stand-by for biggest ever US corporate loss
China uncovers 6,000 commercial bribes in 2008
23 February 2009
State regulators call for severe punishments for those who accept bribes
Marsh settles bid rigging suit for $88m
23 February 2009
Lawsuit stems from bid-rigging allegations dating back to 2004
BAE arranges 5 year programme through Aon
23 February 2009
First private sector business to adopt Aon's aligned long term programme
52,000 UBS customers hid accounts from IRS
20 February 2009
US authorities have demanded to see the identities of US customers with secret Swiss accounts holding about $14.8bn in assets
$10m mortgage fraud scam unearthed
20 February 2009
Defendants are accused of obtaining more than two dozen subprime mortgages fraudulently
Insolvencies to rise 34%
20 February 2009
Credit insurer Euler Hermes warns of company collapses
'Back to basics' for Swiss Re CEO
19 February 2009
Stefan Lippe dispels business loss rumours
Swiss Re confirms huge loss
19 February 2009
Loss of CHF864m after CHF4.2bn profit the previous year
Credit cover transparency call
19 February 2009
How credit insurers communicate must be overhauled
Insurers are stable: AIRMIC Live
18 February 2009
The impact of the financial crisis has mainly been offset by a hardening of the insurance cycle, say industry experts
Mediation: not just an American fascination
18 February 2009
Is the process too warm and fuzzy or just misunderstood?
Power struggles
17 February 2009
Chavez's referendum victory increase political risks but Venezuela faces a difficult year with falling oil prices
Green habits
16 February 2009
Companies should continue their green initiatives even in a struggling economy
BSI consults on data protection standard
16 February 2009
Standard designed to help organisations comply with 1998 Data Protection Act
Crisis pushes UK deeper into recession
16 February 2009
UK economy is expected to contract by 3.3 % and unemployment to reach close to 2.9m by the end of the year, says CBI
HBOS risk boss was ignored
12 February 2009
A senior risk officer warned that the bank was moving too fast but he was ignored
Profile: Swiss Re's new CEO
12 February 2009
Stefan Lippe – mathematics graduate and long-serving executive has been credited with transforming Swiss Re's approach to underwriting.
FSA raised risk concerns before HBOS whistleblower
12 February 2009
The UK regulator said it warned the bank about risk controls 2 years before a regulatory risk boss
ABI hints at EU super-regulator
12 February 2009
Report to raise debate that a single regulator might be best
FSA warning on insurance broker
11 February 2009
Oldbury-based broker may not be passing on premiums to insurers
Zurich buys AIG's 21st Century
11 February 2009
Sale would make Zurich California's largest motor insurer
Shariah insurance goes online
11 February 2009
Moneysupermarket.com signs up first Muslim motor policy
Safety body welcomes new health and safety law
8 February 2009
The British Safety Council said the new Act, which threatens employers with prison over health and safety offences, would help increase internal controls
AIG 'price cutting' to be investigated
6 February 2009
U.S. Government Accountability Office to review claims of "market distortions" in the U.S. property-casualty market.
Plumeri backs NY disclosure
6 February 2009
New York demand for commission disclosure OK by Willis
Bank bonuses come under fire
6 February 2009
Big bonuses unacceptable when banks have been bailed out
Infant recovers from bird flu
5 February 2009
A three year old girl becomes the youngest person ever in China to recover from avian influenza
Slow growth for Euro insurers in 2009
4 February 2009
Further write-downs are expected and certain lines will be curtailed, according to Ernst & Young
Munich Re: €100m profit in Q4 despite financial gloom
4 February 2009
Reinsurance combined ratio of 99.5%; shorter-tail business has increased; 2008 profit of €1.5bn.
AIG dives on more help fear
4 February 2009
Shares hit lowest ever as company hints it needs more cash
Klaus Schwab delivers Davos speech
3 February 2009
The world is experiencing a wake-up call to overhaul its institutions, systems and attitudes, claimed the World Econommic Forum's founder
Commission fines marine hose cartel €131m
3 February 2009
The company that revealed the cartel to the authority was not fined
Kremlin will bail out Russian business
3 February 2009
This decreases the short term trading risk but points towards substantial future investment volatility in Russia, says JLT
AIG seeks to sell investment arm
3 February 2009
Sources have revealed that the ailing insurer is trying to sell AIG Investments, according to news reports
HCC Global boosts London team
3 February 2009
Hires two senior underwriters
Check policies for snow disruption, ABI says
2 February 2009
Cancellation of flights unlikely to be covered
JLT sets up new practice group
2 February 2009
Broker appoints former Aon boss to head transport, engineering and utilities group
Brit poaches Aon Benfield director
2 February 2009
Andrew Bowers joins insurer's personal accident team
Snow – cars crash, flights stop
2 February 2009
Met office predicts as much as 30cm of snow today
Govt to offer 50% credit cover
2 February 2009
UK to follow French example but not when credit cover pulled
Recession makes fraud OK
2 February 2009
RSA survey shows public more likely commit insurance fraud
Toolkit aimed at fighting counterfeiting
30 January 2009
The Minister for Intellectual Property has released official advice to business
Lloyd's postpones Middle East decision
30 January 2009
Qatar and Dubai are among the favourites to host a Lloyd's presence
AIG names vice chairman
30 January 2009
Anastasia Kelly promoted from the role of executive vice president
Credit ban on private equity?
30 January 2009
Gambling boss says Euler Hermes won't cover private equity
Authorities uncover another massive Ponzi scheme
28 January 2009
The owner of Agape World has been charged with running a $370m fraud scheme
China optimistic on recovery
28 January 2009
Premier Wen Jiabao claimed China is on the road to recovery
Winter storm wreaks havoc in Spain and France
26 January 2009
184 km/h gusts are strongest since records began
Aon launches Italian ERM team
26 January 2009
Anastasia Grazioli joins London based team
French insurers respond to hurricane
26 January 2009
The Federation Francaise des Societes d'Assurances said insurers are responding to policy-holders as quickly as possible
Death for China milk scam duo
23 January 2009
Two people involved in last year's contaminated milk scandal will be executed
FSA to demand more capital
22 January 2009
Regulator to shake up rules as a result of financial crisis
2008 cat claims reach $25.2bn
21 January 2009
Hurricanes caused the greatest losses at $13.3bn
Catlin to form US casualty fac reinsurance unit
21 January 2009
New product will be distributed exclusively through reinsurance intermediaries
Soft market not over but losing steam
21 January 2009
Modest decreases in premium rates but economic crisis puts pressure on insurers to raise rates, finds RIMS survey
Willis in US broker push
21 January 2009
Four new jobs signal drive for new business in US
What's in store under Obama?
20 January 2009
More bailouts, social programmes and renewed diplomacy, says Exclusive Analysis
Swiss insurers stand firm
20 January 2009
The insurance market in Switzerland has coped well with the difficult economic environment, according to the country's trade association
FSA fines electronics company for delayed disclosure
20 January 2009
Wolfson Microelectronics was fined £140,000 by the UK regulator for failing to reveal information to the market
Rubber chemical could cause cancer
20 January 2009
Workers that come into contact with a chemical used in rubber production are at high risk of developing cancer, new research revealed
AIG Chief Investment Officer to step down, says report
20 January 2009
Win Neuger will have a narrower role at AIG, according to the Wall Street Journal.
Marsh appoints chairman for Hong Kong
20 January 2009
Kenneth Kwok was formerly chairman of Falcon Insurance
UBS to buy AIG commodity index business
19 January 2009
UBS to pay $15m plus up to $135m based on future earnings.
RIMS calls for regulation of broker commissions
16 January 2009
US association wants contingent fees to be prohibited
Madoff insured losses estimated at $1.8 billion
15 January 2009
Aon Benfield forecasts direct insured losses from alleged Bernard Madoff Ponzi scheme as between $760m and $3.8bn
Allianz joins US bail out
15 January 2009
Stake in Hartford cleared as it becomes a bank to get help
China unifies insurance reports
15 January 2009
Different accounting rules in Hong Kong scrapped
RBS China sale to save RBSI?
14 January 2009
Bank raises £1.6bn so may not sell UK insurance arm
Swiss Re US boss bullish
14 January 2009
Price rises expected plus growth in Europe and China
Lockton gets £15m cash boost
13 January 2009
Broker handed fresh capital by US parent company
China's hard landing a big risk
13 January 2009
A slowdown in Asia would cost the world economy dearly, says the World Economic Forum
AIG Life of Canada sold
13 January 2009
$308m cash sale to BMO Financial Group
Commission begins legal action against S&P
12 January 2009
Claims the rating agency may have abused its monopoly of financial market data
US regulators charge two traders with fraud
12 January 2009
Two men were arrested for allegedly defrauding investors of $15m
GI bucks finance services fall
12 January 2009
CBI survey shows insurance doing best in financial services
RBS rumours Snowball again
12 January 2009
Ex NU Boss to be chairman with Sullivan remaining CEO
London P&I club lists warning
12 January 2009
Continued piracy attacks leading to 'onerous terms'
London market to push e-trade
9 January 2009
Electronic claims and premium accounting top target list
US and Asia will lead recovery
9 January 2009
CII teams up with Chatham House for 'Thinkpiece' reports
Lebanon rockets unlikely to cause war with Israel
8 January 2009
A wider Israel-Hizbullah war is not likely to break out during the Gaza offensive, claimed Exclusive Analysis
India terrorism risk
8 January 2009
The threat to India from Maoist terrorism may be as serious as Islamist extremism
Interest rates fall to 1.5%
8 January 2009
Bank of England drops rate to record low
US pension plan deficit hits record $409bn
8 January 2009
At the end of last year estimated pension plan assets declined to $1.2 trillion compared with liabilities of $1.6 trillion
Aon speaks out over fine
8 January 2009
Chief executive Peter Harmer says broker "recognises and regrets" failings
FSA fines Aon £5.25m
8 January 2009
Largest financial crime related fine imposed by regulator
AIG cuts payouts to seven
8 January 2009
US-rescued insurer cuts $3m but still pays $273.5m
Earthquake will rock US banks
8 January 2009
Lack of California home insurance cover could add to woes
Gaza: regional implications
7 January 2009
The breaking of Hamas unlikely. Israel could be sucked into urban warfare. Obama's silence is deafening.
AIG's auto unit 'extremely attractive'
7 January 2009
The rebranded auto insurance unit could be among the easiest to sell, said Bloomberg
Whatever happened to Wall Street?
6 January 2009
Problems in the financial services sector are not just the result of a lack of oversight
Saudi regulators enforce risk management
6 January 2009
Insurers, reinsurers and brokers must implement comprehensive risk management
Lloyd's gets Guernsey licence
6 January 2009
The London market is cleared to write general insurance business in Guernsey
Gazprom cuts gas through Ukraine
6 January 2009
Russia's energy giant blames Ukraine for cut in gas supply
UK has lowest reinsurance rise
6 January 2009
Average rise of 8% hides cuts or low UK rises with US hikes
Indonesia quake kills eight
5 January 2009
7.6MW earthquake injures many, destroys hundreds of buildings
AIG's Philippines sale hots up
24 December 2008
Generali and Axa tipped as buyers for 'crown jewel' AIG asset
US P&C income declines 92%
17 December 2008
Deteriorating underwriting and investment results hit the industry hard
Lawsuit seeks to stop AIG bailout
17 December 2008
A Christian rights group claimed the US Treasury's support of AIG is anti-American
UK businesses not protecting IP
17 December 2008
40% of businesses take no action to ensure their intellectual property is protected
Ex-AIG Re chief tells court of 'tough London upbringing'
17 December 2008
Statements made prior to Christian Milton's sentencing for finite reinsurance fraud in the US
Former Gen Re boss jailed for fraud
17 December 2008
Prison and fine for AIG reinsurance sham
IIB welcomes FSA's disclosure
17 December 2008
Brokers bodies worked together on industry guidance
Madoff fraud will have huge impact on insurers
16 December 2008
Investors in Madoff's funds will inevitably face action from disgruntled clients, says JLT
AIRMIC 'disappointed' with industry solution on disclosure
16 December 2008
The insurance buyers association wants guidance on what constitutes appropriate practice
Biba welcomes FSA's disclosure outcome
16 December 2008
Regulator's decision is "final chance" for industry, says Biba
FSA accepts industry solution on disclosure
16 December 2008
Regulator gives industry two-year 'window of opportunity' to prove it works
XL 'disappointed' after S&P downgrade
16 December 2008
Ratings lowered one notch; outlook negative
Siemens AG fined $1.6bn for foreign bribery
16 December 2008
The company along with three subsidiaries pleads guilty to Foreign Corrupt Practices Act violations
Madoff fraud to cost at least $50bn
15 December 2008
European banks tot up their exposures
Buncefield final report published
15 December 2008
Industry needs to continue to apply improvements, say regulators
AIG awarded $85m from Bank of America
12 December 2008
Damages stem from allegations of fraud in a 1998 securities sale
Union pleads for auto bailout
12 December 2008
Manufacturing union presses for £13bn injection
Is the credit crisis a myth?
12 December 2008
Bank lending is at an all time high, says new research
Lending markets are healthy: Celent
12 December 2008
Popular beliefs about the credit crisis, like that bank lending has frozen solid, are incorrect, according to new analysis
Bribe payers shamed
11 December 2008
Companies have a long way to go in dealing with international bribery and corruption
Emerging markets most likely to bribe
11 December 2008
Survey also reveals finance sector may exert considerable undue influence on regulators
Caribbean pool pays after Hurricane Ike
December 2008 Catastrophe Risk
The Caribbean Catastrophe Risk Insurance Facility made it's first payout
Continuing hazards in the wake of the 2008 Sichuan earthquake
December 2008 Catastrophe Risk
Repeated earthquakes on the same faults as the Sichuan earthquake of May 2008 are unlikely in the short to medium term, but other hazards were left in its wake
Estimating New Madrid devastation
December 2008 Catastrophe Risk
A big earthquake in the region could lead to the highest losses from a natural disaster in the US
India hotels' terrorism insurance
December 2008 Catastrophe Risk
The Indian terrorism insurance pool expected to pay property losses
Repeating the past
December 2008 Catastrophe Risk
Those who cannot remember the past are condemned to repeat it
Subsidence: A gradual catastrophe
December 2008 Catastrophe Risk
Subsidence losses have been a hidden catastrophe for the insurance industry. UK buildings insurers have paid out a total of more than €8 billion since 1976, and the cost of claims in France since its inclusion in the Catastrophes Naturelles scheme in 1989 forced the government to increase insurance premium tax. By Rebecca Cheetham
Why the next big northeast hurricane will surprise
December 2008 Catastrophe Risk
A repeat of the 1938 New England Hurricane could cause losses as large as Hurricane Katrina in 2005. By Karen Clark
North Korea settles helicopter crash claim
9 December 2008
Reinsurers agree to pay 95% of claim and withdraw fraud allegations
Eastern European economies shudder
9 December 2008
The global economic earthquake is far from over
Eastern European economies shudder
9 December 2008
The global economic earthquake is far from over
US risk rating escalates
9 December 2008
Levels of US economic risk on a par with Morocco and Brazil, says JLT
UK second in insurance league
9 December 2008
At 1% of GDP, UK market overtakes Japan, just behind US
XL Re gets Brazil local status
8 December 2008
XL Re gets approval as a local reinsurer incorporated in Brazil
Insurance won't respond to Irish pork scare: Broker
8 December 2008
First party product recall insurance will not indemnify for the costs associated with contaminated pork products, said Miller
Regulation essential for economic recovery
5 December 2008
Environmental coalition says the challenges posed by sustainability require a rapid transition to a green economy
HSE could drive telematics uptake
5 December 2008
Cybit says that strict health and safety laws may raise interest in work related road safety technology
Marsh warns of chemical risk
5 December 2008
EU laws on registering chemicals pose companies danger
Floods minister targets insurers
5 December 2008
Research into drying homes as families face xmas in caravans
Chubb to buy back 20m shares
5 December 2008
Insurer pays dividend and insists it is confident for the future
Aviva shuffles its board
5 December 2008
Changes needed to follow Wim Dik's retirement
Aon launches new piracy protection
4 December 2008
Says new insurance fills the gap in cover for the financial impact of business interruption
CEA calls for constructive discussions on Solvency II
3 December 2008
Also expresses disappointment at decision of European finance ministers in Brussels
European Council waters down Solvency II
2 December 2008
ABI says exclusion of key provisions could make directive a 'waste of time'.
On guard
2 December 2008
Paul Bell asks what businesses can do to protect themselves, their staff and customers from terrorists
Chevron cleared of human rights abuses in Nigeria
2 December 2008
But activists hailed the case a victory in corporate accountability
Chancellor to save Solvency II?
2 December 2008
Alistair Darling in Brussels today to fight for better regulation
Mumbai attacks raise risks
1 December 2008
Western targets in India are revealed to be vulnerable to attack
Credit safety nets are withdrawn
1 December 2008
Businesses told to implement robust continuity plans or risk insolvency
CEO INTERVIEW: Peter Harmer, chief executive, AON UK
December 2008
The downfall of AIG threw AON's team into crisis management mode. But the broker remains confident that the turmoil will reveal new opportunities
Concerns in current market
December 2008
Risk managers are more concerned about the security of the insurance industry than rising premiums at present
Emerging issues
December 2008
Nathan Skinner chairs a discussion on the issues that will be important for 2009 and beyond
Europe-wide rules on pesticide residues to strengthen food safety
1 December 2008
New rules should improve food safety, but they may also increase waste
Europe-wide rules on pesticide residues to strengthen food safety
1 December 2008
New rules should improve food safety, but they may also increase waste
Everything changes, nothing changes
December 2008
Risk management is by no means a new idea. Andrew Leslie, deputy editor, StrategicRISK, looks back at medieval Europe to see how merchants and traders managed their risk
Expert View
December 2008
CEO Interview: Jean-Paul Rignault, AXA Corporate Solutions
Paolo Rubini, director risk management, Telecom Italia & vice chairman, ANRA
December 2008
Nathan Skinner quizzes one of Italy's top risk managers on the challenges to his profession in a tricky economic climate
Terror trade
December 2008
Kidnappers and extortionists use violence as a means to their financial or political ends. They pose a threat to both employees and corporate reputations. Nathan Skinner talks through the problem
Tough times ahead
1 December 2008
What worries risk managers?
Tough times ahead
1 December 2008
What worries risk managers?
Probe into AIG financial statements
28 November 2008
Unclear whether former financial products boss Cassano is personally being investigated.
Mumbai terror attacks
28 November 2008
Indian forces have stormed the last of the terrorist hideouts
Hijacked tanker likely to pay ransom
27 November 2008
There is no alternative to paying the £10m ransom if crewmen's lives are to be saved, says Lord Levene
Who will follow suit?
27 November 2008
Could more jobs be saved if companies follow AIG's executive wage freeze?
AIG to pay £2m bonuses
27 November 2008
Huge payouts not covered by "no bonuses" promise.
France to offer credit insurance
27 November 2008
Government steps as insurers fail to cover small firms
Unemployment rising fast in OECD
26 November 2008
Jobless numbers could rise to 42m by 2010
Deloitte settles for $40m with Pennsylvania
26 November 2008
Settlement to do with claims of negligence in connection with defunct insurer Reliance
Will insurers get US funds?
26 November 2008
Life insurers hope for U.S. federal government finance
Ombudsman slams insurers
26 November 2008
More than half of major Irish complaints upheld
AIG's Liddy accepts $1 pay package
26 November 2008
CEO takes pay cut in executive wage freeze.
AIG CEO to work for $1 until end of 2009
25 November 2008
Liddy forgoes salary and bonuses as troubled insurer freezes executive wages.
Crisis increases political risks
25 November 2008
International relations are feeling the strain of the economic crisis says the CBI's director general
ACE launches new Swiss company
25 November 2008
ACE Insurance Switzerland Limited to manage insurance and reinsurance business in Zurich.
Axa tells investors it is fine
25 November 2008
Company reports risk management has helped its balances
Munich Re to buy AIG Asia?
25 November 2008
Direct arm of giant reinsurer tipped as Chinese say no
Chancellor cuts VAT to 15%
24 November 2008
Small businesses also get 1p tax increase lifeline.
Insurers must adapt to recession claims hikes
24 November 2008
Pricing should reflect economic indicators and the link between recession and rises in property crime
Credit claims more than double
24 November 2008
New figures show more claiming and bigger payouts
Accept the asbestos verdict
24 November 2008
Insurers have united workers and bosses against themselves
CBI suggest public credit cover
24 November 2008
Government could be credit insurer of last resort, bosses say
Trigger litigation
22 November 2008
The High Court delivered some clarity over who pays for asbestos-related claims
Employers win clarity on asbestos liabilities
21 November 2008
The High Court ruling makes clear that EL policies in force at the time of a claimants exposure will pay out
High Court removes insurers' asbestos get-out
21 November 2008
Reed Smith says the 'landmark' ruling clears up a grey area around historic liabilities
China in talks to buy AIG division
21 November 2008
Sovereign wealth fund CIC could buy 49% of Alico, say reports, launching China into world insurance market
Slowdown spurs leap in retail crime
20 November 2008
Broker warns companies to protect themselves
Law Commission proposes tougher rules on bribery
20 November 2008
The proposals introduce two new offences that could have important consequences for business
RIMS study validates ERM
20 November 2008
The findings demonstrate a link between ERM and higher credit ratings
Santa Ana winds whip up wildfires
18 November 2008
Optimistic predictions say fires will be contained by mid-week
New piracy protection launched for Gulf of Aden
18 November 2008
Lloyd's broker teams up with security specialist to offer piracy solution
Biggest act of piracy ever
18 November 2008
Marine insurance premiums to rise after Sirius Star theft
Wildfires destroy 900 homes
17 November 2008
Southern California fires fanned by strong Santa Ana winds
Credit insurers no credit to UK
17 November 2008
Industry must keep UK Plc trading.
Banks need own 'Equitas'
17 November 2008
Lloyd's model could put banks bad debts behind them
Firms should prepare for power cuts, warns insurer
13 November 2008
RSA in warning for winter.
Commission proposes regulating credit rating agencies
13 November 2008
EC said the proposal is designed to remove conflicts of interest and improve transparency
Zurich's Q3 profit down
13 November 2008
Results achieved despite "adverse circumstances"
Hurricanes hit Paris Re profits
13 November 2008
First ever losses blamed on Ike and Gustav
Canadian insurer to up prices
13 November 2008
Stock market losses will force premium rise
Baugh backs his business
12 November 2008
How the AIG UK boss is restoring broker confidence.
Sweet deal for AIG
12 November 2008
AIG bailout package has increased in size, but the deal itself has many benefits for the US insurer.
Brown restructures RSA senior management
12 November 2008
New chief executive creates commercial and personal divisions; announces staff changes.
Jobs market still OK says Hays
12 November 2008
Chairman confirms little change in past month
Risk management in Italy
11 November 2008
Interview with Gilbert Kervella, AXA Corporate Solutions' general representative for Italy
New administration spells uncertainty for AIG
11 November 2008
Italian risk managers raise doubts over the future of AIG's European insurance operations
Italy needs more insurance capacity
11 November 2008
Risk managers must work to improve the quality of corporate risks
US restructures AIG's financial support
10 November 2008
Government purchases $40bn of preferred stock, lowers the interest rate on the loans, and buys mortgage-backed securities and CDOs
AIG 'close' to asset sales
7 November 2008
Insurer expected to complete sale of US personal lines business 'soon'.
Slippery times for AIG, not just with debts
6 November 2008
Stricken insurer faces yet more problems.
Credit crisis worsens in Europe: Coface
5 November 2008
Credit insurer downgrades the UK, Ireland and Iceland, and places Italy and France on negative watch
Allco collapses
5 November 2008
Australian finance house that once tried to take over Quantas goes into receivership
HCC results hit by Gustav and Ike
5 November 2008
HCC exits equity investments, including hedge funds and alternative investments, and reinvests in fixed income
Obama wins
5 November 2008
Obama to be sworn in as the 44th U.S. president on 20 January, 2009
Former UBS analyst jailed for insider trading
4 November 2008
The UBS exec helped investors, including hedge funds, make over $15m in illegal profits
Into the breach
4 November 2008
What will it take to make sure companies protect the data they hold?
QIS4 insurers at an advantage: Towers Perrin
4 November 2008
Insurers that took part in the EU's Solvency II implementation exercise will have an advantage over those that did not
Dutch financial regulator tries to prevent market abuse
4 November 2008
Adopts software to help detect suspicious transactions
Major Hayward earthquake could cost $200bn: RMS
3 November 2008
And only $30bn of total losses likely to be insured
Ships should avoid Somali coast
3 November 2008
Club issues guidance to on how to protect crew from pirates
NIOSH hosts road safety conference
3 November 2008
The international event will take place at the Marriott Wardman Park Hotel, Washington, DC
Are you breaking the law?
November 2008
Nathan Skinner addresses the thorny problem of the legality of multinational insurance covers
Stefan Sigulla
November 2008
The ex-head of German risk management association DVS describes his path to the top
EC needs to clarify Solvency II
31 October 2008
Systems like Solvency II and Basel II may not be the best way of delivering market stability, says consultant
Businesses are still prepared to take risks
31 October 2008
And BSI launches a new risk management standard to encourage businesses to pursue opportunities
CPP offers insurers competitive advantage: Chubb
30 October 2008
P&C insurers should not be allowed to access the US government funds set aside for the banking bailout, said Chubb in a letter
MPs pass mandatory carbon reporting rule
29 October 2008
All British companies will have to report their carbon emissions in a standard way by 2012
FSA to appoint emergency insurer panel
29 October 2008
Regulator to deal with 'corporate crises' threat in insurance sector, according to reports.
Reinsurance rates will harden in 2009
28 October 2008
Due to major losses and more demand for capacity E+R Rück expects rates to rise significantly
Dutch government steps in to protect Aegon
28 October 2008
Another Dutch insurer receives government help. 3bn euros to be injected.
Market will turn: Munich Re
27 October 2008
Increased demand for reinsurance in current financial climate could increase rates by double digit percentages
Energy security
27 October 2008
Fuel supply networks look increasingly vulnerable and the problems with supply and demand are not going away. What is the international community's response?
Fitch downgrades ING Bank
27 October 2008
Also revises the Group's outlook to negative on the deteriorating economic environment
Munich Re will ignore low-priced business
27 October 2008
Giant says 10 biggest reinsurers have lost 25% of their market value
Hiscox to launch syndicate
27 October 2008
Lloyd's insurer seeks opportunities from financial chaos
US will not bail out UK insurers
27 October 2008
Report: Paulson says aid will be limited to banks.
Financial crisis reinforces the case for Solvency II
24 October 2008
EU should not water down the Solvency II directive or postpone the legislative process, said the CRO Forum
US: Class action against AIG debt underwriters
24 October 2008
Securities law firm alleges "misstatements and omissions".
Soft market despite hurricanes and financial crisis
23 October 2008
RIMS survey also points to deteriorating results that may hint at a turn in the market
FSA bans broker for failing to arrange cover
23 October 2008
Lancashire broker had failed to disclose previous convictions and prison sentence.
Europe at risk of recession
23 October 2008
Growth prospects are being revised downwards, industrial production is shrinking and unemployment is likely to rise, says a new report from the WEF
State backing aids ING Group: Fitch
22 October 2008
The agency expects a Q3 net loss of around EUR500m
RIMS endorses Dinallo's stance on contract certainty
22 October 2008
Encourages other states to follow New York's lead
US P&C capital cushion could shrink by $80bn
22 October 2008
Commercial insurance prices expected to stabilise if not increase, according to Towers Perrin
Treasury hires accountants to administer bail-out
21 October 2008
PricewaterhouseCoopers LLP and Ernst & Young will help with the purchase of troubled assets
Cyber threat is growing
20 October 2008
Criminals are getting more sophisticated and launching more attacks, said the FBI
Credit crunch a 'breeding ground for fraud'
20 October 2008
AIRMIC members warned to expect increased losses
Could Pru go it alone for AIG Asian assets bid?
20 October 2008
Prudential appoints Credit Suisse to advise it on the auction
UK already in recession, says E&Y
20 October 2008
GDP predicted to fall 1% in 2009, then grow 1% in 2010.
Pru weighs bid for AIG's Asian unit
20 October 2008
The UK insurer is in talks to raise funds for a £8.6bn bid, according to reports
Ethical shortfall
17 October 2008
Lax anti-bribery laws in Britain are bad for business as well as the country as a whole
OECD blasts Britain's soft touch on bribery
17 October 2008
The international organisation demanded the UK adopt proper anti-bribery laws
Europe resorts to legal action on reinsurance rules
17 October 2008
Five European states are taken to court for their failure to implement directive
Albania opens its first insurance brokerage
17 October 2008
MAI Insurance Group will offer broker services to the region, including the newly independent Kosovo
Treasury hires legal advice to help with bail-out
17 October 2008
A New York law firm will help implement the $700bn emergency package
Fixing injury claims
October 2008
The Ministry of Justice has proposed reforms to the claims process in the UK. Philip Tracey outlines what they mean and how they could affect the issue of costs
Regulators are top concern for FS firms
16 October 2008
Penalties for data breaches are more worrying than reputation damage, according to survey
AIG "pedicure-gate"
16 October 2008
Row over $0.5m hotel costs at company conference after the $85bn government bailout.
Economic recovery will take time: Fed
16 October 2008
Even after the markets stabilise the broader recovery will not happen immediately, says Fed chairman Ben Bernanke
FSA relaxes rules for life insurers
16 October 2008
Regulator eases capital requirements, according to reports.
CVC Capital eyes RBSI deal
16 October 2008
Private equity set to take controlling stake.
US joins EU in banning mercury exports
15 October 2008
Environmentalists applaud bi-partisan effort
Willis makes Malta appointment
15 October 2008
Anne Finn becomes executive director.
US Treasury uneasy with propping ailing banks
14 October 2008
But the rescue package is necessary to restore confidence, said Treasury Secretary Henry Paulson
Downturn drives major shake-up of Europe Plc
14 October 2008
81% of firms to restructure operations
The absurdity of a risk free world
14 October 2008
Shami Chakrabarti, director of Liberty, speaks to StrategicRISK
AIG knew about CDS problems: WSJ
14 October 2008
American International Group executives may have misled shareholders about problems in its Financial Products division, according to the Wall Street Journal
Greenberg proposes Plan B
14 October 2008
Former AIG chief to outline alternative rescue for insurer.
Bush to unveil $250bn bailout
14 October 2008
US president to use money from emergency funds
Insurers up for the economic challenge
13 October 2008
Greater challenges lie ahead but the sector is confident and keen to take risks, says CBI
Lords press parliament to take online security seriously
13 October 2008
Government debates the subject of cyber crime and online security
BIBA undaunted by LMBC proposal
9 October 2008
UK-based brokers' group said it will continue to represent all members despite moves to create a separate association
FERMA welcomes EU vote on captives
9 October 2008
The European risk association approves the special amendments regarding the regulation of captives under Solvency II
Hacker charged with accessing Sarah Palin's email
9 October 2008
A man allegedly hacked into Governor Palin's account, stole personal information and posted the details online
Discussions over AIG's stake in Transatlantic
9 October 2008
Special committee of directors formed. AIG owns 59% of Transatlantic Holdings common stock
Fed hands AIG another $37.8bn
9 October 2008
Extra money is on top of $85bn loan deal.
Doubts over Solvency II in financial crisis
8 October 2008
Oliver Peterken queries whether Solvency II will be passed unchanged considering current questions over regulation and the financial turmoil
Clients "wary" of AIG say brokers
8 October 2008
But few clients have given brokers instructions to replace AIG
Credit cover gets hairy for Woolies
8 October 2008
Coface pulls suppliers' cover as financial health is questioned.
Government unleashes £50bn bailout plan
8 October 2008
Part-nationalisation scheme unveiled to boost confidence in UK banks.
UPDATE: Former AIG chiefs to face Congress
7 October 2008
Greenberg blames accounting rules in testimony, according to reports
MPs urge Britain to introduce mandatory carbon reporting
7 October 2008
The Government's strategy 'does not reflect the urgency or magnitude of the issue', says Aldersgate Group
Public fear of fraud driven by corporate carelessness
7 October 2008
Nearly half of Britons feel banks and retailers aren't doing enough to protect their personal details
Europe agrees text for Solvency II
7 October 2008
Essential step forward in agreeing the Solvency II directive, says PWC
FERMA elects new board
6 October 2008
Nine directors have been elected on the basis of their ability to serve the organisation on a European level
Paulson vows to implement rescue measures quickly
5 October 2008
President Bush signed the $700bn financial market rescue, Treasury begins work on implementation
"This is not a fire sale" – Ed Liddy
3 October 2008
AIG to retain U.S. P&C operations, foreign general insurance business, and an interest in foreign life. The rest of AIG, including US life operations, is for sale.
US shipping cartel gets jail time
2 October 2008
The conspirators raised the prices for moving freight from the US to Puerto Rico
Former BA exec pleads guilty to price-fixing
2 October 2008
Agrees to Serve Eight Months in Jail
US risk increased
2 October 2008
US politicians rejection of $700bn bailout leaves the United States on the brink of recession, says JLT
Risk managers vent concern over financial crisis
2 October 2008
Buyers are already feeling the effects of the credit crunch outside the financial sector
Industry debates renewal of block exemption
2 October 2008
Buyers are worried that removing the BER could trigger an increase in premiums
Buyers demand answers to conflicts of interest
2 October 2008
Broker remuneration needs more transparency, say buyers at the FERMA Forum
Insurance could take reputation hit from downturn
2 October 2008
While liquidity doesn't seem to be a problem the insurance industry is concerned about the knock on effects of the credit crisis, says the CEA
Employee health costs rise across Europe
1 October 2008
51 % of companies report increased costs in 2007, average increase of 5 % per employee, says Mercer survey
FERMA releases benchmarking survey
1 October 2008
Finds risk management maturing and diversifying across Europe
RIMS publishes risk officer compensation salary
1 October 2008
Average salary for US CRO is $170,000
NY and Bermuda sign cooperation agreement
1 October 2008
Insurance regulators in both jurisdictions have formalised their cooperation agreement
Insurers warned to get ready for litigation
1 October 2008
Class actions are coming, warns Browne Jacobson
Bush: US economy at "critical moment"
30 September 2008
US president warns consequences of failure to pass economic rescue package would be "painful and lasting"
AIG speaks message of calm
29 September 2008
Lex Baugh argues the case for AIG's commerical insurance arm
Thousands of jobs still to go
29 September 2008
CBI survey jobs losses in financial services will rise sharply as profitability and business volumes slump.
AIG to sell off 15 businesses
29 September 2008
Troubled insurer to dispose of reinsurance arm
US government agrees rescue deal
29 September 2008
Congress reaches tentative consensus on £700bn bailout.
Bush: rescue package will be passed
26 September 2008
US President pledges to push through legislation for financial stability.
Britain needs Paulson's package
26 September 2008
CBI says US Treasury's banking bail-out is vital for the stability of markets
Regulators appoint advisers to help AIG sell-off
26 September 2008
New York's insurance department sought advice on sale of AIG's units
Financial system at risk of shutting down: Bush
25 September 2008
President Bush tried to convince Congress and the American public to pass the proposed $700bn bailout for the financial sector
Lloyd's hit by soft market and rise in attritional claims
25 September 2008
Interim pre-tax profit drops to £949m.
Buffett to invest $5bn in Goldman
24 September 2008
Sumitomo Mitsui Financial Group also tipped as an investor
OECD welcomes market rescue
23 September 2008
The organisation said the US governments purchase of bad debts would help re-establish 'liquid' conditions
Sold short?
22 September 2008
Regulator's temporary restrictions will help protect other major financial companies.
AIG companies are strong and solvent: Dinallo
22 September 2008
The New York insurance superintendant has reassured AIG customers on the validity of their policies
Bombs, bird flu and banana skins
September 2008
There are many catastrophic events that can cause disruption to business, but more often than not its a disorganised response that causes the most serious problems. Peter Power looks at the key features of a crisis management plan
Policeman arrested for insurance fraud
22 September 2008
A New York policeman filed an insurance claim for a missing diamond ring while it was being worn by his fiancée
Investor group welcomes ban on short selling
22 September 2008
Desperate times call for radical measures, says Investor Relations Society
AIG's Californian affiliates remain strong: Regulator
19 September 2008
The insurer's claims-paying capacity remains solid in California, according to the Insurance Commissioner
SEC bans short selling in financial stocks
19 September 2008
The regulator takes measures to increase confidence in markets, follows similar moves by the FSA
AIG's ratings remain unchanged
19 September 2008
A.M. Best said it was too early to amend AIG's ratings following the Feds bailout
Moody's maintains AIG ratings
19 September 2008
The rating agency said it is maintaining its current ratings following the $85bn rescue package
Sarah Poon wins IRM's Best Student Award
19 September 2008
Wins the award for her submission on risk issues in the Gulf economies
Industry group applauds efforts to stabilise AIG
18 September 2008
A Washington-based trade group welcomed the government's takeover
AIG to be biggest run-off in history?
18 September 2008
Market rumours that AIG to be split up.
AIG seeks emergency funding package
16 September 2008
Wall Street crisis hits world's largest insurer
No place for weapons in the workplace
15 September 2008
RIMS responds to the rising trend of liberalising state gun laws
Lehman files for bankruptcy
15 September 2008
The investment bank becomes the latest high profile victim of the global credit crunch
Fitch downgrades Taiwan's GDP growth
11 September 2008
The rating agency expects GDP growth to be 4.3% this year
Procurement – allies or adversaries?
11 September 2008
What does the growing involvement of procurement in buying insurance mean for risk managers?
Procurement – allies or adversaries?
11 September 2008
What does the growing involvement of procurement in buying insurance mean for risk managers?
Of the essence
11 September 2008
What does subprime say about banks' risk management?
Of the essence
11 September 2008
What does subprime say about banks' risk management?
Bluetongue detected in UK cattle
11 September 2008
Defra announced the detection of Bluetongue in 18 imported cattle
Reflections on Monte Carlo
10 September 2008
David Sandham recalls the 2008 Rendez-Vous.
Gulf of Mexico platforms moving further offshore
10 September 2008
AIR Worldwide says the trend especially among high producing platforms points to increasing complexity in energy risk modelling
High Court backs Lloyds against Names
10 September 2008
Latest ruling will make it difficult for Names to raise fresh claims against Lloyds.
Ike death toll rises
10 September 2008
Four people dead in Cuba as hurricane continues its path
Fed bails out Fannie Mae and Freddie Mac
8 September 2008
The Treasury said it would buy as much as $200bn in preferred stock in the mortgage companies
Few US homes insured against flood
1 September 2008
Mid West flooding expected to cost $20bn but no impact on insurers
Infrastructure deterioration
September 2008 Catastrophe Risk
Many parts of the US infrastructure such as levees, dams, bridges and roads have deteriorated to a point that they may not withstand a catastrophe or the use to which they would be put during a disaster. By Paul Mlakar
Lessons from the Chinese earthquake
1 September 2008
Topography identified Sichuan as active
Looking for small birds in thick growth
September 2008 Catastrophe Risk
Some events that take us by surprise may turn out not to be so unpredictable on reflection
Strategic planning to reduce flood impact across Europe
September 2008 Catastrophe Risk
On 26 November 2007, the new European Directive on the assessment and management of flood risks entered into force. For the first time, EU legislation requires its members to plan strategically to reduce the adverse consequences of flood events on human health, economic activities, the environment and cultural heritage. By Maria Brättemark
Tornadoes 2008
1 September 2008
Insured losses for 2008 have already exceeded losses for the whole of 2007
Who pays for hurricanes?
September 2008 Catastrophe Risk
For decades residential and commercial property insurance policyholders in the United States have had a place to go if they are having difficulty obtaining coverage in the standard market. By Claire Wilkinson
Working towards solutions for flood
September 2008 Catastrophe Risk
Since 1980, Europe has suffered 17 catastrophic floods that have done at least $75 billion worth of economic damage in total. Only about 25% of these losses were insured. The devastating and costly events of 2002 and 2007 have spurred searches for better planning, precautions and financial solutions. By Lee Coppack
ALARM tackles partnership risk
27 August 2008
Public sector body identifies five key risk areas
Jury awards Mattel Bratz payout
27 August 2008
Mattel wins a copyright infringement claim against MGA Entertainment, damages figure disputed
125 years since Krakatoa
26 August 2008
August 27 marks the anniversary of one of the most violent volcanic events of modern times
Jewellery could be underinsured
26 August 2008
Rising diamond and precious metal prices could leaver jewellers underinsured, warns Marsh
Marsh appoints Asia CFO
22 August 2008
Maurice Jeanbart takes up the new role
Karen Clark assesses tropical cyclones
22 August 2008
New tool for insurers to measure likely wind damage caused by tropical storms
Buffett supports anti-debt film
22 August 2008
U.S. faces $53 trillion bill as population grows older on average.
Florida 'lucky escape' from Fay
19 August 2008
The storm hit the Everglades causing minimal wind damage, main risk now is flooding, says RMS
Florida prepares for Fay
18 August 2008
Tropical Storm Fay threatens to become a hurricane with wind speeds approaching 120 km/h
Navigators gains approval in Brazil
15 August 2008
Licensed as occasional reinsurer in newly deregulated market
US officials sentenced for bribery
15 August 2008
Two former government commissioners have been sentenced for a $1.4m kickback scandal
Report outlines powers councils have to tackle climate change
15 August 2008
New publication urges local authorities to do more
Verizon settles with unions, avoids strike
13 August 2008
Agreement includes fully-paid health care premiums for all active and retired employees
Broker arrested for selling fake policies
13 August 2008
Victims were sold commercial general liability insurance without having a policy in place
Corrupt sales staff cost firm $30m
13 August 2008
A US hardware company has agreed to pay restitution to clients who were given incentives to buy products at higher prices
What worries the government?
12 August 2008
The Cabinet Office has released the first ever national risk register which outlines the most significant threats to the UK and its citizens
AIRMIC backs block exemption
12 August 2008
Trade body calls on EU to extend insurers' exemption from certain competition rules
UBS to return ARS money to investors
10 August 2008
The SEC has reached an agreement with the Swiss bank to return $22bn to customers
Flu is greater risk than terrorism, says UK government
8 August 2008
British Cabinet Office reveals national threat assessment
BSI publishes whistleblowing code
7 August 2008
New guidelines available for the introduction of whistleblowing arrangements
Connecticut sues Countrywide over subprime loans
7 August 2008
The state seeks restitution as well as fines for pushing unaffordable home loans
$13bn loss for AIG
7 August 2008
Disastrous first half of 2008. $5.6bn loss on credit default swops.
Peru welcomed into investment club
6 August 2008
The OECD has recognised Peru's efforts to reform investment policy
Soft market continues despite lower earnings: RIMS
6 August 2008
Heading into the hurricane season, average property premiums plummet, say North American risk managers
Union protests over sacked workers
6 August 2008
Postal workers went on strike in Bristol in a protest against three sacked workers
Lawyers file class action against IndyMac
4 August 2008
CEO and CFO misled shareholders about financial condition of the bank, alleges suit
Finally a settlement
1 August 2008
Royal & Sun Alliance's settlement with GM ends four years of bitter legal battles
Connecticut sues rating agencies
1 August 2008
Moody's, Fitch and S&P allegedly gave cities low ratings that cost taxpayers millions in bond insurance
Businesses can stockpile pandemic treatment
31 July 2008
A programme to reserve supplies of antiviral medication in the event of a pandemic is on offer to UK employers
Eurozone confidence slides
31 July 2008
European economic fears grow with drop in commercial confidence
Union membership drops slightly in 2007
31 July 2008
Overall trade union density in the UK has now fallen 4.5 %
FSA swoops on City bankers
30 July 2008
Arrests eight individuals as part of crackdown on insider trading rings
Apex Oil ordered to perform $150m cleanup
30 July 2008
Company must remove soil and groundwater pollution from Hartford refinery
FSA hands Liverpool Victoria Banking Services £840,000 fine
30 July 2008
LVBS added on PPI without customers consent, says regulator.
US port workers reach agreement
29 July 2008
Port operations are set to return to normal
$8.8m fine proposed against Imperial Sugar
29 July 2008
Proposed penalty follows safety violations leading to refinery explosion that killed 13, says OSHA
Ex-Siemens exec fined for corruption
28 July 2008
Forced to pay 108,000 Euro by German court
Aon cleared to open in Qatar
28 July 2008
Increasing demand for insurance in the region, says broker
Bullying costs UK £14bn a year: Unite
28 July 2008
Black, minority and ethnic workers are most likely to be the target of workplace bullying
Aon calls for compulsory broker transparency
25 July 2008
Clear and consistent disclosure is in the interests of all clients, says broker
Eliminate contingency fees: RIMS
25 July 2008
The Society put its case forward for the elimination of certain broker compensation arrangements at a hearing in New York
Asserting authority
25 July 2008
Emerging market governments are asserting their sovereignty over valuable natural resources and affecting how companies can do business in these regions
Munich Re lowers profit expectations
25 July 2008
Revised forecast due to capital market turmoil, more writedowns possible
HSE must disclose names for work-deaths
25 July 2008
A safety charity has forced the HSE to hand over information so that it can track how it deals with work-related deaths
BSI to hold conference on new risk management standard
25 July 2008
Scheduled for October 22 to 23
Oil spill disrupts shipping on Mississippi
24 July 2008
Efforts to clean up an oil spill on the Mississippi river have led to a logjam of cargo ships and tankers
Construction firm fined for putting homes at risk
23 July 2008
A Surrey construction firm was fined after homes it worked on were found to be at risk of lethal CO build-up
US entrepreneurs optimistic about the future
23 July 2008
Despite the current economic climate most US small business owners are considering expanding, finds a study
Dolly to hit Texas/Mexico border
23 July 2008
Hurricane warnings as windspeeds approach 130 kmph.
Securities litigation drops slightly in 2007
22 July 2008
Securities fraud class action litigation for 2007 drops slightly despite subprime, says a report
The Savoy goes green
22 July 2008
The Savoy adopts carbon reduction strategy to reduce energy consumption by 40%
Dolly could go to hurricane
22 July 2008
Probability for CAT 1 or above "35% in about 33 hours" - TSR red alert. Hurricane warnings in Texas and Mexico.
Bang to rights
21 July 2008
What does the HBOS rights issue say about the reputation of British banks?
MoD loses another laptop
21 July 2008
Government revises figures for the number of missing laptops
Californian port workers extend strike action
21 July 2008
Productivity falls 20-30 % at ports of Los Angeles and Long Beach, said PMA
Equitable or not
18 July 2008
Garry Honey says Britain's regulators have often fallen short, but what's that mean for business?
Czech risk management association joins FERMA
18 July 2008
Brings the total number of countries represented in FERMA to 16 with four from central and eastern Europe
Directors' conflicts of interest
18 July 2008
Danielle Harris explains how new provisions under the Companies Act will affect directors whose interests may conflict with the interests of their company
Merrill Lynch posts $4.6bn loss
18 July 2008
Unveils another $9.4bn in credit related write downs and continues sale of assets
Paying for catastrophes
18 July 2008
Catastrophe losses are getting more and more expensive. Population growth and increasing wealth compound exposures while a changing climate causes more frequent and severe events. Ronald Gift Mullins asks, "Who should pick up the tab?"
Discrimination law includes carers
17 July 2008
The law prohibiting employers to discriminate against disabled people extends to their carers, according to a ruling by the European Court
Zurich's CFO joins Aon
17 July 2008
Mark Chessher will sit on Aon's board
Russian regulation puts foreign investment in doubt
17 July 2008
New risk report also predicts mixed fortunes for ex-Soviet bloc countries, Romania and Slovakia
Changing behaviours
16 July 2008
What do the London Olympics, Terminal 5 and tackling youth crime have to do with each other? Answer: They all represent huge challenges that require new ways of thinking about behaviour and perception aspects of risk
Conflicts of interest widen under Companies Act: Lawyer
16 July 2008
Rules have extended directors duties to include situations where conflicts of interest might arise in the future
Exec pleads guilty to stealing IBM trade secrets
16 July 2008
A former employee of IBM was accused of sharing trade secrets with his new employer Hewlett Packard
Council workers begin strike
16 July 2008
Thousands of public sector workers have begun a two day strike over a 2.45% pay increase that they say is too low
Protect bottom line with health and safety
16 July 2008
Workplace injury and illness is wreaking enormous harm in British industry, says Alliance
ABPI suspends Roche over obesity drug sales
15 July 2008
The British medical trade association has suspended Roche for 6 months and accused it of bringing discredit on the industry
End contingent commissions: Willis
14 July 2008
Willis appeals for a set of standards for insurance broker compensation to improve trust and transparency
Shareholders ask regulator to investigate Fortis
14 July 2008
The Dutch Investors Association said Fortis knowingly misled shareholders over solvency
Marsh granted first captive licence in Dubai
14 July 2008
Dubai financial authorities say growth of captive insurance in the region is very promising
InBev buys Anheuser-Busch for $52bn
14 July 2008
Merger creates one of the world's top five consumer product companies
ALARM winners announced
10 July 2008
LDA, Greater Manchester Fire Service and three County Councils pick up gongs
Top ten tornado prone areas in US
9 July 2008
Denver tops the RiskMeter list
Africa most vulnerable to climate change
7 July 2008
Countries with the lowest vulnerability are predominantly in the developed world, finds a new index
Be patient
7 July 2008
Graeme Lee, head of risk management, ITV, says more than ever risk managers can influence strategy but they need to be patient
UK funds land management to stop flooding
7 July 2008
Defra said environmental resources can play a vital role in managing flood risk
US proposes employers stockpile anti-flu drugs
3 July 2008
The US consults on three draft guidances in preparation for a flu pandemic
Lloyds reveals sub-prime exposure
3 July 2008
Lime Street market has received up to 100 claims.
Workers of the world unite
2 July 2008
Unite and USW have joined to form world's first global trade union representing 3m workers across Europe and North America
Toronto hosts RIMS Canada
30 June 2008
Event features nearly 20 educational sessions and more than 80 exhibitors
AIRMIC responds to FSA's commercial insurance inquiry
30 June 2008
There should be full and automatic disclosure of total broker remuneration, said the association
Airlines fined $500m for price fixing
30 June 2008
Operators Air France and KLM receive second highest fine ever in criminal antitrust prosecution
Dutch focus on claims
27 June 2008
Claims were one of the key topics at the annual conference of NARIM (Nederlandse Associatie van Risk en Insurance Managers) last month in Ermelo
Dutch focus on claims
27 June 2008
Claims were one of the key topics at the annual conference of NARIM (Nederlandse Associatie van Risk en Insurance Managers) last month in Ermelo
Call for clearer rules
27 June 2008
Calls for clear, consistent and comparable accounting standards have followed a move by the UK government to make carbon reporting mandatory for companies
Call for clearer rules
27 June 2008
Calls for clear, consistent and comparable accounting standards have followed a move by the UK government to make carbon reporting mandatory for companies
UK gets tough on discrimination
27 June 2008
The government has outlined far reaching plans to promote 'positive discrimination', strengthen employee redress and conduct sector enquiries
LSE launches carbon ratings
26 June 2008
Ratings bring efficiency and transparency to the rapidly growing carbon market, say developers
45% of firms fail to manage supply chain risks
24 June 2008
In a report Aon warns that not enough is being done to tackle supply chain risks
China falls in the estimation of investors
24 June 2008
Companies can often achieve success much faster in smaller markets, finds study
Execs are most dangerous drivers
24 June 2008
Dangerous company car drivers could put one in two firms in court
Public sector workers vote for strike action
24 June 2008
Council workers have agreed to a series of strikes over the government's pay plans
Are you speaking the right language?
17 June 2008
Risk managers sometimes fail to communicate properly because they use inappropriate language, says Risk Frisk
Business leaders blame government for food hikes
16 June 2008
Government actions behind two-thirds of food price increase, says chairman of the board of Nestle
Delivering the promise
June 2008
Nathan Skinner runs his eye over the multitude of risks faced by companies who neglect ethical behaviour
Businesses ill advised on pandemic planning
12 June 2008
Inadequate guidance from government and lack of business preparedness for possible flu pandemic, say academics
EU fines chemicals cartel € 79m
11 June 2008
Akzo Nobel received immunity from the fine after cooperating with authorities
Oil could reach $250 a barrel
11 June 2008
Gazprom chairman warns that rapid rise in oil price is set to continue
Further subprime impact limited: Fitch
11 June 2008
But European banks face challenges ahead as economies slow
EU agrees working time rules
10 June 2008
Political agreement has been reached on maximum working time rules but the UK remains exempt from the 48 hour week
A- rating for Employers Re and subsidiary
10 June 2008
Long term performance set to improve following previous years' operating losses
Magnitude 6 quake strikes Greece
9 June 2008
A strong earthquake has struck western Greece destroying at least 70 buildings and killing two people
ALARM chooses award finalists
9 June 2008
Winners will be announced at annual dinner in Birmingham
Western Australia struggles with energy crisis
9 June 2008
Businesses in the region are discussing contingency plans after an explosion cut natural gas supplies by 30%
New tool for global regulatory compliance
9 June 2008
Aon has launched a tool to help global companies comply with local regulatory and tax regimes
Brazil: a tough nut
June 2008
There's an old saying (often recounted even by Brazilians) that Brazil is the country of the future... and always will be! While in the past this would bring an ironic smile, now, perhaps things are starting to change, says Mike Watters
Good for you?
June 2008
Confused by health claims on foods? If so, you are not alone. Research commissioned by the UK Food Standards Agency (FSA) suggests that generally many consumers are confused by such claims. Laura Bellfield looks at what the EC plans to do about it
Paul Howard, Sainsbury's
June 2008
What are the chief risks facing a major food retailer and how can they be managed? Airmic's former chairman gives us the rundown
Today's European risk manager
June 2008
Peter Joy looks at some of the findings of StrategicRisk's Europe-wide survey of risk manager attitudes and concerns
OMG appoints new marine underwriters
5 June 2008
Maxim Shimchenko and Svetlana Pirogova join Oslo Marine Group as joint head marine underwriters
Universal Studios reopens after fire
4 June 2008
All rides are operating but incident raises concern over fire saftey on movie sets
Malta may regulate for Islamic finance
4 June 2008
The regulator has started consultation on having Islamic finance in Malta applicable to banking and securities
RMS reviews multi peril securitisation
4 June 2008
$104m series issued for coverage against multi peril losses
US investor optimism slides: Gallup
3 June 2008
Investor optimism has tumbled to its lowest level since the beginning of the Iraq war
Environmental insurance specialist joins Aon
3 June 2008
Dr. Simon Johnson has joined Aon as director in the Aon Environmental Services Group
Worst of crunch still to come
3 June 2008
Nearly two thirds of UK companies believe the worst impact of the credit crisis is yet to come
News from NARIM
3 June 2008
A change at the top and plans to tackle claims handling were on the agenda in Holland
Coface downgrades seven industry sectors
3 June 2008
45% increase in payment defaults over the first four months of 2008, notes credit insurer
Unite leader calls for windfall tax on oil firms
3 June 2008
One of Britain's biggest unions, and a key government backer, has pressured the government to change its direction on business
25% of US PCs are infected: OECD
3 June 2008
The Organisation for Economic Cooperation and Development (OECD) has reported that 25% of PCs in the US could be infected.
WEF report highlights Africa's key risks
2 June 2008
Food security, geopolitical instability, economic shocks and climate change are key risks to the region
AM Best assigns ratings to Starr
30 May 2008
Assessment reflects 'sound business plan and solid risk-adjusted capitalisation'
Reinsurance "no longer an annual consideration" - Guy Carp
30 May 2008
Reinsurance capacity is ever plentiful in Florida ahead of the 2008 hurricane season, say experts
Back under the spotlight
29 May 2008
The SEC has renewed its interest in Hank Greenberg and former AIG CFO Howard Smith
Willis appoints aerospace executive
27 May 2008
Neil Getter, formerly of Aon, will be based in New York
ENISA calls for compulsory breach notification
27 May 2008
Europe's network and information security agency warned that member states need to invest more resources and collaborate more closely
Europe looks to strengthen financial oversight
27 May 2008
Launches consultation on the role of banking, insurance and pension regulators
Aon comments on Exeter bomb
23 May 2008
Explosion in Exeter highlights the need for companies to be vigilant, says broker
NOAA predicts up to 16 named storms
23 May 2008
For 2008, the outlook indicates a 60 to 70 % chance of 12 to 16 named storms including 2 to 5 major hurricanes
Asia financial houses confused on RM
21 May 2008
Survey investigates the perceptions and practices of risk management within financial houses of Hong Kong
Benefits of cutting power plant emissions exceed costs: EEB
21 May 2008
The use of emission control techniques would result in significant health benefits across Europe, says study
FSA fines AIG subsidiary over call centre failings
21 May 2008
Unat Direct Insurance Management fined £640,000
US proposes disclosure law on extractive industries
20 May 2008
The Bill would require oil, gas and mining companies to disclose what they pay to extract resources from other countries
RAM suffers $189.5m loss
20 May 2008
First quarter losses caused in part by credit derivatives reinsurance business
MMC appoints client development chief
20 May 2008
David Frediani has a 27-year record with the company
UBS overhauls risk practices
19 May 2008
Appoints chief risk officer and bundles market and credit risk functions into a single unit
BAE's chief detained by US officials
19 May 2008
Chief executive of Britain's biggest defence contractor subpoenaed over Saudi arms deal
Insurers may not be preparing for Solvency II: Survey
16 May 2008
Only one third of respondents said they would undertake advanced recalculation in line with QIS4, said Watson Wyatt
Thinc fined £900,000 over subprime failings
16 May 2008
The mortgage broker did not have adequate risk management and compliance systems for its sub prime mortgage business, says FSA
Exporter sentenced for $10m fraud scheme
16 May 2008
A former export company owner has received 37 months imprisonment for a $10m fraud scheme against a US bank
China quake will put pressure on earnings
15 May 2008
Quake should not impact the balance sheets of Chinese insurers but it will impact earnings, warns Fitch
Firms unprepared for effects of climate change
15 May 2008
Perception that climate change does not pose a serious threat to business remains with many companies, finds Atradius
Law firm expands business continuity
15 May 2008
Optima Legal has partnered with SunGard for its disaster recovery and business continuity plan
The looming liability crisis
13 May 2008
The latest risk report from the London insurance market claims a liability crisis is stifling innovation and risk taking
AMRIM launched in Morocco
13 May 2008
Morocco launches its first risk management association
Benfield launches Kazakhstan quake model
13 May 2008
Several strong earthquakes have occurred in Kazakhstan during the last two hundred years
China's worst quake in 30 years
12 May 2008
State officials confirm no damage to Three Gorges Dam
China quake felt in Bangkok: RMS
12 May 2008
Magnitude 7.8 quake in Sichuan province is followed by 8 magnitude 5 aftershocks, says RMS
Aon Re Global buys Peruvian broker
9 May 2008
Cosegur Re is the largest reinsurance intermediary in Peru
Willis opens Maltese captive operation
9 May 2008
Response to growing opportunities in the region, says broker
Power firms at risk of being underinsured: Marsh
9 May 2008
Industry needs to re-evaluate the potential impact of the growing demand for power on their insurance programmes, warns broker
Welfare sector RMs join with Markel
8 May 2008
Markel has launched a risk management service in conjunction with a specialist health consultancy
Munich Re Q1 profits take a tumble
8 May 2008
The quarter was characterised by "a random cluster of major losses" and investment writedowns
Woolf highlights gaps in BAE's ethics
7 May 2008
A report into BAE's ethics and foreign practices shines the spotlight on corporate reputation and governance
SEC distributes $800m AIG settlement
7 May 2008
Payments stem from financial penalties incurred from the 2006 investigation into sham transactions
RMS reports on Burma cyclone
6 May 2008
A massive humanitarian disaster, but the Insurance industry is likely to escape the catastrophe, says RMS
Catlin deploys emerging market risk tool
6 May 2008
Chooses Fitch tool to help it price emerging market credit risk
Environmentalists welcome PMs green economy
6 May 2008
Brown outlines his vision for a green economy and the move is welcomed by a coalition of businesses and environmental groups
Challenges grow more sophisticated
StrategicRISK May 2008
Scenario planning can build capacity to adapt to large-scale political shocks
Managing supply in an outsourced world
StrategicRISK May 2008
Procurement and risk management need to team up over modern supply chains, say Alex Hindson and Finlay Murray
Positive local engagement
6 May 2008
Big businesses which invest overseas should engage positively with the local community as a way of protecting their investments
Positive local engagement
6 May 2008
Big businesses which invest overseas should engage positively with the local community as a way of protecting their investments
Protecting your rights worldwide
StrategicRISK May 2008
Jackie Maguire and Sue Ratcliffe provide a guide to global IP protection
SWERMA's full agenda
6 May 2008
A risk manager survey, corporate governance, climate change, enterprise risk management (ERM) and the captive insurance market, all topped the agenda
SWERMA's full agenda
6 May 2008
A risk manager survey, corporate governance, climate change, enterprise risk management (ERM) and the captive insurance market, all topped the agenda
T5 chaos tarnishes BA
6 May 2008
British Airways' new multi-billion pound terminal five opened amid chaos at the end of March, and the airline's problems snowballed throughout April
T5 chaos tarnishes BA
6 May 2008
British Airways' new multi-billion pound terminal five opened amid chaos at the end of March, and the airline's problems snowballed throughout April
What if?
6 May 2008
There are two key phrases in risk management and they are 'what if' and 'if only'
What if?
6 May 2008
There are two key phrases in risk management and they are 'what if' and 'if only'
Novae launches corporate killing D&O policy
1 May 2008
New policy designed to cover defence costs for cases of corporate manslaughter
Sun sets for heavy emitters
30 April 2008
European companies are facing mounting pressure to report accurate emissions information as well as their exposure to potential climate change risks
CC issues final report on UK retailing
30 April 2008
Regulator announces measures to improve competition in UK grocery retailing
Risk management in Sweden
30 April 2008
Corporate governance, climate change and ERM all topped the agenda at SWERMA's annual conference
AIRMIC and Advisen launch benchmarking survey
30 April 2008
UK risk managers can compare limits and rates against peers, says AIRMIC
RIMS launches risk career tool
30 April 2008
The tool focuses on risk manager's role and career development
Guy Carpenter collaboration creates storm tool
29 April 2008
Weather forecasting product for insurance industry looks 10 days ahead rather than 5
Norwegian P&I club offers anti-piracy guidance
29 April 2008
Anchored ships are the most frequent target of attacks, says Gard A.S.
RIMS honours member's achievements
29 April 2008
Society presents highest honors to accomplished members and chapters
AIR launches Mexico cyclone model
28 April 2008
The model estimates insured losses from wind and flood to buildings, contents, and business interruption
CEA comments on Solvency II consultation
28 April 2008
Responds to Ceiops consultation papers on groups and principles of proportionality
Treat captives fairly under Solvency II, urges FERMA
28 April 2008
FERMA has called for its member associations to play an active role in developing the detail of Solvency II
Shifting relationship between buyers and brokers
28 April 2008
Buyers are driving brokers toward more services and from commission to fees, finds a RIMS/Advisen study
Overdue accounts frequent in China: Survey
28 April 2008
Most companies use amicable negotiations as their recovery action, finds a survey
African insurers to meet in Algiers
28 April 2008
May meeting will ask whether insurance has a role in reducing the effects of environmental risk
Pitt urged to stop risking flooding fiasco
25 April 2008
The British Property Federation has called on the UK government to invest in flood defences
Financial forum calls for better stress testing
25 April 2008
Firms that employ such techniques may be able to deal with the current market turmoil better, says Joint Forum
OFT eyes tobacco groups
25 April 2008
Tobacco manufacturers and some retailers face price allegations
SEC nabs short-seller for market abuse
24 April 2008
The US regulator has charged a Wall Street trader with spreading false rumours about Blackstone's acquisition of ADS
HSE fails to publicise own convictions
24 April 2008
Safety charity pours scorn on the HSE for failing to use publicity as a deterrent
Multinationals spread Western 'lifestyle' to UAE
24 April 2008
Increase in expatriate population fuels growth in western-style pay and benefits
Fighting fakes
April 2008
With Western companies increasingly buying and sourcing in Asia, Dr Alan Waring and Robert Youill examine the risks posed by counterfeit products
Regulator slates BAA's airport ownership
23 April 2008
Airline and passenger interests are not served by BAA's common ownership of UK airports, says the Competition Commission
Reputation damage is biggest security worry: Survey
23 April 2008
A worldwide survey reveals three quarters of security professionals view reputation damage as a top priority
Chubb responds to ICO's breach report
23 April 2008
Calls for a clear definition of data breaches before powers of ICO are increased
Data breaches grow at an alarming rate
23 April 2008
The UK's information security watchdog has been notified of almost 100 breaches since HMRC
Everest Re applies to enter Brazil
23 April 2008
Registration as an occasional reinsurer will be followed by application to be an admitted reinsurer
Benfield goes electronic on Japanese renewals
22 April 2008
All business with Brit, Catlin and Kiln conducted using ACORD data standards
Earthquake threat remains high in US
22 April 2008
New maps from the USGS show that earthquakes remain a serious threat in 46 States
Earliest typhoon in 60 years hits China
21 April 2008
At least three people killed and more than 40,000 remain displaced by Typhoon Neoguri
Commission consults on insurance antitrust exemption
21 April 2008
The European Commission has launched consultation on whether Europe's insurance industry should remain exempt from some antitrust rules
Firms keep shareholders in the dark on toxicity risks
21 April 2008
SEC filings show companies silent on known risks, say investment managers
Refinery strike threatens fuel supplies
21 April 2008
Grangemouth unions' strike threatens fuel supplies to Scotland and North of England for a month
Lloyd's enters Brazil
17 April 2008
Lloyd's is authorised as the first admitted reinsurer in the Brazil market
The risks of resource nationalism
16 April 2008
Government intervention in the emerging market resource sector is growing. But what recourse do companies have against the power of the state?
Former Bayou CEO gets 20 years
16 April 2008
Chief exec of collapsed Bayou hedge funds receives sentence for inducing investments of more than $450m
Firms complacent when it comes to fire safety
16 April 2008
NURS says only 47% of small businesses may have knowledge of fire safety rules
RIMS supports insurance coverage Act
16 April 2008
The insurance coverage for consumers Act would help stabilize prices and increase coverage in the commercial property insurance market, says RIMS
Piracy hot-spot shifts to Horn of Africa
15 April 2008
Danish shipping companies have recently been the targets of a number of attacks in Somali waters, warns Willis
Swiss Re funds risk Chair at ETH Zurich
15 April 2008
Swiss Re will finance a new Chair for Integrative Risk Management at the Swiss Federal Institute of Technology Zurich
Social networking study reveals risky behaviour
14 April 2008
OfCom highlights significant privacy and identity issues stemming from the attitudes toward and use of social networking sites
Asian risky place for investors: Marsh
14 April 2008
But China, India and SE Asia are still attractive for M&A, says an executive survey
Feds sue investment firm for $25m in losses
11 April 2008
The US Labour Department suit alleges misuse of assets for personal gain
Tornado losses growing in 2008: AM Best
11 April 2008
Tornado losses are approaching those from hurricanes
Transport sector pressured to meet GHG targets
11 April 2008
EU has called on the transport sector to act upon its growth in emissions
Climate change biggest impact on developing countries: Munich Re
10 April 2008
Insured losses from nat cats will be felt particularly acutely in developing countries, like India, says Munich Re
Forecasters predict well above average US hurricane season
10 April 2008
69% chance of a major hurricane hitting the US coastline this hurricane season, says CSU
Willis opens in Warsaw
10 April 2008
Broker's international M&A practice appoints Marius Stolarskito to lead new Polish office
Survey raises concerns about disaster recovery plans
9 April 2008
One quarter of UK companies do not have a disaster recovery plan in place
Risk of recession 'a concern for UK insurers' – S&P
9 April 2008
Report says outlook remains stable for majority of companies, while a focus on risk-adjusted returns has prompted increased discipline
EEB welcomes EU's waste prevention targets
9 April 2008
Urges member states to follow Parliaments example and to establish 70% recycling targets for businesses
New manslaughter offence won't apply until 2010
9 April 2008
Safety charity predicts the new offence will only start applying to large organisations in relation to deaths that take place after 2010
Global fuel security could foil UK nuclear plans
9 April 2008
Threats to supply of uranium are the biggest chalenge to the government's nuclear expansion plans, says Aon
Argo Group confirms Heritage buyout
2 April 2008
$272 million all-cash transaction secures buyout of Heritage Underwriting Agency
Speak with one voice
2 April 2008
Risk management is more important now than ever
Speak with one voice
2 April 2008
Risk management is more important now than ever
Ripples spread from the subprime crisis
2 April 2008
Large multinational firms are at risk of an increased threat of claims as a result of rising volatility in the financial markets
Ripples spread from the subprime crisis
2 April 2008
Large multinational firms are at risk of an increased threat of claims as a result of rising volatility in the financial markets
RIMS backs Paulson's regulatory revamp
2 April 2008
The buyers' association supports the call for an optional federal charter for insurance regulation
Lords call for carbon reporting standards
1 April 2008
The Lords have passed an amendment so that all companies will have to publicly disclose their greenhouse gas emissions
Discrimination widespread in UK: Study
1 April 2008
Age discrimination remains a serious problem in UK businesses, finds a new survey
New risks from Japan's SOX law
1 April 2008
Subsidiaries of Japanese firms are at risk as Japan introduces its own Sarbanes-Oxley Act
Risk retention in Scandinavia
1 April 2008
More and more public sector authorities in Scandinavia are looking to self insure
Regulatory reform not a response to crisis: US Treasury
1 April 2008
Financial market regulatory overhaul should not take place until after current market turmoil is resolved, says US Treasury Secretary Henry Paulson
Firms over-optimistic about their approach to BCM
1 April 2008
Many firms overrate their own level of BCM, finds survey
Aon expects surge in corporate manslaughter convictions
1 April 2008
Broker urges companies to improve health and safety controls
A unified voice needed
April 2008
Lord Hunt of Wirral, has called on groups representing risk management professionals to come together and create a united voice
AGERS agrees trainin
1 April 2008
AGERS and the Pontifical University of Comillas have signed a comprehensive cooperation agreement
AGERS agrees trainin
1 April 2008
AGERS and the Pontifical University of Comillas have signed a comprehensive cooperation agreement
Bringing brush fire risk under control
April 2008 Catastrophe Risk
In the last decade US brush fire exposures have nearly tripled and the frequency of such events is clearly on the rise. By Amy Block
EURO 2012 – risk and opportunity
April 2008
In April 2007, Uefa president Michael Platini announced that Poland and Ukraine would host the EURO 2012 football championship. How is Poland coping with the challenges?
Europe continues to pursue offenders
April 2008
Flouting European unfair competition rules is becoming increasingly costly. But some companies still do not seem to be taking the message on board
Feedback from members
April 2008
AIRMIC is conducting a confidential study of the realities of working life for risk managers in the UK's major companies in co-operation with StrategicRISK
Heading in the right direction?
April 2008
Beata Paxford fears that the rules governing insurance intermediaries in Poland may not have achieved the EC's aims of a level playing field
How do coastal cities fare under rising flood risk?
April 2008 Catastrophe Risk
Rising sea levels will amplify the flood risk in coastal cities like Miami, New York, Rotterdam and Guangzhou, while population increase and economic growth will increase the value of the assets at risk to new levels By Celine Herweijer and others
In the wake of SocGen
April 2008
Yet another financial scandal has highlighted the weaknesses of some organisations' internal control. Are companies failing to learn lessons from the past? Or has the operating environment changed so much that it is making these lessons irrelevant?
No more easy oil
April 2008 Catastrophe Risk
The development of deep water fields, often in remote locations lacking infrastructure, poses new challenges to the offshore energy industry, which must operate facilities safely over 20 to 30 years in harsh environmental conditions. By Phil Thomas and David Brown
Poland a steep learning curve but …
April 2008
The second POLRISK conference provides an opportunity to look at how risk management is evolving, Poland's corporate governance aspirations and rules governing intermediaries, and the risks and opportunities presented by Euro 2012
Risk management progresses
April 2008
Rafal Rudnicki provides an overview on how risk management is evolving in Poland
Talking about modelling
April 2008 Catastrophe Risk
The cost of homeowners' insurance is a very sensitive subject in US coastal states, and the role that catastrophe models may play in helping underwriters determine rates is bringing them under increasing scrutiny from politicians. By Lee Coppack
The financial consequences of natural disasters
April 2008 Catastrophe Risk
There is significant value for the public sector to shift from a disaster relief approach – looking for financial support after an event – to one which includes the accumulation of funds and the spreading of risks before a loss occurs. By Reto Schnarwiler
The revolving door that leads to nowhere
April 2008
Andrzej S Nartowski looks at Poland's approach to corporate governance
Hardware failure biggest threat to UK businesses
31 March 2008
Significant increase in flooding and denial of access situations, finds study
Extension of Bluetongue protection zones
31 March 2008
New case of disease requires protection zone to be extended into Wiltshire and further into Hampshire
Xerox settles $670m securities lawsuit
31 March 2008
The settlement resolves an eight-year-old securities lawsuit
T5 chaos wrecks BA's reputation
28 March 2008
Garry Honey argues that Terminal 5's chaotic opening has seriously eroded trust in the BA brand. The impact, he says, wont be felt overnight
New law cracks down on corporate killing
28 March 2008
The Corporate Manslaughter Act comes into force on 6 April 2008
Sweden meets EU target for energy efficiency
28 March 2008
More can be done to improve energy efficiency according to the Swedish government
Otsuka pays $4m penalty for off-label marketing
28 March 2008
The drug company allegedly encouraged its sales force to market an atypical antipsychotic drug for off-label uses
Calls for a global regulator
27 March 2008
Supervisors will join forces to create a global set of standards
MMC names Ben Allen CEO of Kroll
27 March 2008
He succeeds Simon Freakley, who will serve as CEO of a newly-formed MMC corporate advisory and restructuring unit
Best affirms ratings of China International Re
27 March 2008
CIRe's ability to maintain underwriting controls is key in an increasingly competitive market
Ratings assigned to Asian Re
27 March 2008
Although Asian Re's capital has strengthened, its underwriting capacity remains relatively small
Congressman Calls for Changes in Financial Services Regulation
25 March 2008
US Congressman Barney Frank calls for new policies to help stabilize the housing market and address the current economic downturn
Back from the brink
25 March 2008
After trashing the company that shared his name with a few choice words, Gerald Ratner now runs one of the UK's most successfull online jewelry stores—it's a lesson in reputation management
London firms unprepared for terror attacks
25 March 2008
Over one third of surveyed companies had no integrated BCM plan, says Marsh
UK business foresees 'bumpier ride': CBI
25 March 2008
CBI downgrades 2009 economic growth to 1.7%, consumption is forecast to slow to just 1.6% this year
Slight impact from snowstorms on China P&C sector: Moody's
25 March 2008
Low insured losses from Jan snowstorms but China's flood and typhoon season is around the corner
Insurers are liable for Appleton river cleanup
25 March 2008
Appleton says Fox River PCB clean-up is still long way from being funded
EEB slams Portugese hydro power plans
21 March 2008
Solar power and energy efficiency are smarter ways to reduce greenhouse gas emissions, say environmental groups
FSA investigates stock trading abuse
20 March 2008
The city watchdog is investigating claims that certain traders profited on rumours of funding problems
Britain sets out national security strategy
20 March 2008
UK must adapt to the changing threat of terrorism, climate change and global pandemics, says Prime Minister Gordon Brown
FSA publishes discussion paper on commission disclosure
20 March 2008
Mandatory commision disclosure not ruled out
Polls open for the Corporate Hall of Shame
20 March 2008
The Corporate Hall of Shame has opened its polls for people to select the worst corporations of 2008
The lawyers are coming!
19 March 2008
European competition authorities are cracking down hard on companies that try to compete unfairly. A dangerous new trend for businesses is the move towards more private actions for damages
US representatives call for more scrutiny of foreign investors
19 March 2008
House Financial Services Committee calls on Treasury to address sovereign wealth funds in FINSA regulations
Swiss Re supports Red Cross
19 March 2008
CHF 1m will go towards a water supply project in Ethiopia
Fed cuts prime lending rate
19 March 2008
US banks follow suit, markets bounce back, but fears remain
Hiscox launches SME partnership
18 March 2008
New underwriting division follows Hiscox's 2007 acquisition of Allison & Partners
Reebok fined for importing toxic bracelets
18 March 2008
Agrees to pay $1m civil penalty after a product recall
Flood tops insurance risk league table
18 March 2008
Flooding is the biggest 'act of nature' risk to the UK, says research
Laid Bear
18 March 2008
The fate of stricken US investment bank Bear Stearns has highlighted the risks faced by financial institutions during the subprime crisis, and emphasised the need for good risk management
All eyes on the Gulf
18 March 2008
Conferences in Qatar and Dubai highlight growing reinsurance opportunities
AIG pays record $13.5m penalty to Pennsylvania
18 March 2008
Penalty relates to allegations of false reporting, bid-rigging and improper commission practices
Willis wins Saudi licence
18 March 2008
Broker buys significant equity stake in Arabian International Management Company
Levene: Gulf becoming riskier place
17 March 2008
Strong risk management is essential, Lord Levene warns delegates in Qatar
CAA urges regulatory reform
17 March 2008
The economic regulator for UK airports has called for reform in the system for setting price controls at airports
Hewitt, Enron reach $11.2m settlement
17 March 2008
More than $11m will be restored to the settlement fund for former Enron employees who lost their pensions when the company collapsed
JPMorgan buys Bear Stearns for $2 a share
16 March 2008
Fed pays $30bn to help JP Morgan complete its purchase of Bear
NYK and UK P&I Club join forces to combat stowaways
14 March 2008
A meteoric rise in stowaways has prompted the world's largest ship operator and the UK P&I Club to look for ways to tackle the problem
Scientists simulate pandemic influenza outbreak in Chicago
14 March 2008
Researchers say household antiviral measures and a reduction in contact between individuals could lower the spread of the disease
UK companies suffer most from climate change
13 March 2008
British companies (51%) were the most likely to view extreme climatic factors as a threat to their businesses, says a study
SocGen shareholders file lawsuit in US
13 March 2008
The complaint alleges the bank misled investors about its exposures to the subprime mortgage market and failed to act on information about rogue trades
US toughens air quality standards
13 March 2008
EPA estimates final standards will yield health benefits of up to $19bn, costs in the region of $8bn
CMI predicts how the world will work in 2018
13 March 2008
Chief executives are warned to prepare for cyber attacks and a US withdrawal from the world economy
RVC uses software to combat avian flu
12 March 2008
The Royal Veterinary College (RVC) is using risk analysis software to prevent the occurrence of infectious diseases in animals
EC fines Belgian cartel over 32.7m Euros
12 March 2008
The European Commission has fined providers of international removal services 32.7m Euros for violating the EC Treaty's ban on cartels
Generali advises China on pensions
12 March 2008
Generali will act as an advisor to Chinese authorities on pension plans and benefits for retired employees of state-owned enterprises
Firms fail to protect key assets: CMI
11 March 2008
A joint report from the Chartered Management Institute and Cabinet Office finds attempts to protect business operations are often haphazard and untested
Swiss Re: Nat cats on the rise
11 March 2008
Catastrophes cost $70bn in economic losses and $28bn in insured losses in 2007
ENISA issues six security recommendations
11 March 2008
The European Network and Information Security Agency, ENISA has issued a report that gives an overview on information security certifications
Former US governor named to Ethoca board
11 March 2008
Tom Ridge, former Secretary of the Department of Homeland Security and former Governor of Pennsylvania
Windstorm Johanna batters England
10 March 2008
Reports of power outages, downed trees and scattered damage in England
5,000 MTV employee's details stolen
10 March 2008
Compromised staff details include DOB, social security numbers and salaries
Top ten tips on surviving the floods
10 March 2008
Communicating with staff off-site during last summer's floods was the biggest problem most organisations faced
Limited impact on European insurers from Solvency 2: Fitch
10 March 2008
Fitch said European insurer's capitalisation levels are already significantly above the regulatory minimum
Negligent care homes face unlimited fines
10 March 2008
New corporate manslaughter charges could be bought against negligent care homes
Points based immigration brings new risks: Alliance
7 March 2008
Under new system employers face civil penalties of up to £10,000 for each illegal worker they hire
EU takes enforcement action against UK and Belgium
7 March 2008
States are accused of non-compliance with energy performance of buildings Directive
Former Doral exec charged in $4bn securities fraud
7 March 2008
Former treasurer accused of fraudulent reporting scheme to artificially inflate stock price
Rebuilding Wembley
6 March 2008
It was over budget and late, but the risks associated with the Wembley Stadium rebuild were huge. The Finance Director for the FA subsidiary charged with the project has given a revealing insight into some of the issues
Fidelity charged $8m for improperly accepting gifts
6 March 2008
Execs accepted gifts, lavish entertainment and 'romantic relationships' that swayed the flow of brokerage business
EU calls on Greece to grant fairer access to lignite
6 March 2008
Commission wants to improve competition in the electricity sector
ASDA implements loss prevention management system
5 March 2008
Security solution designed to reduce losses and to improve operational efficiency
Windstorm Emma losses EUR300-700m: RMS
5 March 2008
Includes losses to residential, commercial and industrial properties
Willis appointed consultant for Three Gorges Dam
5 March 2008
Broker to oversee contruction of world's largest hydro-power project
Cyber risks could trigger UK director lawsuits: Aon
5 March 2008
Directors could be held responsible if they fail in their duty of care to mitigate cyber risks, warns broker
World Bank launches new cat loan
5 March 2008
New loan facility for natural catastrophes approved for middle-income countries
OSHA notifies workplaces with high injury rates
5 March 2008
Says it is a step to encourage employers to improve safety
SEC proposes new privacy regulations
5 March 2008
The proposed amendments would provide more detailed standards for information security programs
What does the terror threat mean to London?
4 March 2008
Since the days of the Baltic Exchange, Bishopsgate and Manchester bombings, the nature of the terror threat has changed. But London remains high on international terror's hit list
Ministers propose new unfair trading regulations
4 March 2008
The UK Government has laid draft regulations in Parliament for a new law to ban unfair sales
Corruption main risk in emerging markets: Study
3 March 2008
Companies cite corruption and political influences as major risk in trading with emerging economies
Researchers unveil chip and PIN vulnerabilities
3 March 2008
Cambridge University researchers have published results of successful attempts to obtain personal details from chip and PIN terminals
Gen Re verdict is mixed blessing for industry: BestWeek
3 March 2008
Could lead to new guidelines on the legitimate use of finite reinsurance, say experts
UK 's largest pension scheme transfer concluded for Rank
3 March 2008
Rank Group transfers pension scheme liabilities to Goldman Sachs subsidiary
US rogue trader loses $141m
29 February 2008
A wheat trader lost $141.5m in the latest trading controversy
Insurer comments on ebay data breach
29 February 2008
Chubb reminds companies to review internal controls relating to asset management
Employers face jail for failing to check on illegal workers
29 February 2008
Under new laws employers will be subject to a criminal offence if they knowingly employ illegal migrant workers
Sokobin to lead SEC's office of risk assessment
29 February 2008
SEC Veteran to help develop new ways to anticipate emerging risks
China toy makers raise prices due to stricter standards
28 February 2008
Many small to mid-sized suppliers expected to stop exporting toys or cease operations: Report
Gulf Insurance Institute launches in Bahrain
28 February 2008
The newly formed Gulf Insurance Institute has announced its move into new premises on the Amwaj Islands
EU fines Microsoft Euro 899m for unreasonable pricing
27 February 2008
Follows Microsoft's breach of EU competition law by leveraging its monopoly in the computer operating system market
RMS comments on British quake
27 February 2008
Had quake occurred closer to nearby towns losses would have been far worse, says RMS
U.S. commercial lines market remains stable: AM Best
27 February 2008
Commercial lines carriers have bolstered their positions after robust earnings in recent years, said the rating agency
Quake strikes Britain
27 February 2008
A magnitude 5 earthquake struck Britain around Midnight on Wednesday
A market for environmental risks
26 February 2008
The CEA says progress has been made in creating a genuine market for European environmental risks. But why has it taken so long? And what challenges remain?
Deloitte nabs another KPMG boss
26 February 2008
Rick Cudworth to head business continuity and resilience, EMEA
Terrorism cover take-up 'extremely low' in Mid East
26 February 2008
Willis says growing need for local insurers to provide terrorism cover
Security worries shouldn't stop centralised database
22 February 2008
Liquidlogic says latest security failures should not stop the introduction of a central database for children's details
California wildfire risk increasing, says RMS
21 February 2008
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
UK announces carbon offsetting code
19 February 2008
The UK Environment Secretary announces the final structure of the Code of Conduct for Carbon Offsetting
CCM welcomes Defra's carbon offset code of conduct
19 February 2008
Clean energy market fund manager welcomes the government's code of conduct for carbon offsetting
Wildfire leaves contaminated properties
19 February 2008
Recent testing of structures and land reveals hidden dangers to property owners, months after California wildfires are extinguished
Lloyd's backs market reform
18 February 2008
A new survey reveals 82% of underwriters back market reform but cycle management is still a huge challenge
UK property owners underinsured: NU
15 February 2008
NU warns nearly half of UK property owners are underinsured
IRM goes Greek
15 February 2008
The Risk Management Standard is now available in Greek
Gérard Lancner
February 2008
Amrae's long time president reveals his plans for the association and describes what risk managers in France feel like
Solvency II costs could rocket
14 February 2008
The cost for UK insurers could be significantly higher than the estimated £300m-£400m, warns actuary
Memphis warehouse double struck
14 February 2008
A warehouse in Memphis has been destroyed by fire, days after it was struck by a tornado
Marsh continues to expand product risk practice
14 February 2008
Consultants Tracey Bensted and Hester Shaw join London office
RMS launches windstorm loss index for Europe
14 February 2008
Paradex Europe Windstorm uses a parametric index to calculate insured loss estimates
Between Fear and Reason – the French way
February 2008
Andrew Leslie reflects on last month's AMRAE conference
Coping with new rules
February 2008
Sweeping changes to environmental liability regulations are causing problems for insurers in their attempts to create suitable products, says Nathan Skinner
UK product recalls surge to new high
14 February 2008
Product recalls in the UK have hit a new high as problems from overseas suppliers increase
UK product recalls surge to new high
14 February 2008
Product recalls in the UK have hit a new high as problems from overseas suppliers increase
Wake-up Call
February 2008
Jérôme Kerviel could be a name that joins that of Nick Leeson (Barings Bank) in the annals of 'those who broke the bank'
Security industry closes ranks
12 February 2008
Industry groups have come together to raise awareness about information security, but the biggest challenge for organisations—changing behaviour—still lies ahead
Fitch places AIG Debt Ratings on negative watch
12 February 2008
The rating action follows AIG's acknowledgement that the company had a material weakness in internal controls related to the valuation of AIG Financial Products Corp.
Oil firms face increased risk from state intervention
12 February 2008
Global oil supplies are under threat, according to Aon
Industry calls for government BCM department
12 February 2008
A petition to 10 Downing Street pushes for a designated department for business continuity management
HSE prosecution was a 'waste of taxpayers' money
12 February 2008
Hatton Traffic Management has lashed out at the HSE after being cleared of blame over an accident in which two of its workers died
Fire burns historic London market
12 February 2008
Impact for local businesses likely to increase says Grant Thornton
RMS issues report on US tornadoes
8 February 2008
Hundreds of properties have been destroyed as a result of the severe weather and the death toll stands at over 50
Disaster resistant home completed in Seattle
8 February 2008
A recently completed home located in Washington state claims to be the first disaster resistant home built in the Northwest
School charges teacher with workers compensation fraud
8 February 2008
A US teacher has been charged with falsifying medical disability slips
UK employer medical costs expected to rise by 8 % in 2008
7 February 2008
Watson Wyatt survey finds 71 % of respondents expect higher medical cost trends over the next five years
NURS warns directors of health & safety duties
7 February 2008
42% of companies surveyed did not have a director with formal health & safety qualifications
Defra looks to tackle water pollution/flooding
7 February 2008
UK launches new strategy to secure and maintain water supplies, reduce water pollution and tackle surface water flooding
EU should facilitate alert system for cyber attacks: ENISA
7 February 2008
ENISA presents a study on a European Information Sharing and Alert System for SMEs and citizens: EU's role proposed to be a 'clearing house'
MOD loses more data
6 February 2008
Highlights need for central management of organisational data, says Open Text
BT launches 'voice continuity'
6 February 2008
New service safeguards voice networks in emergency situations
US bank teller convicted of fraud scheme
6 February 2008
A junior bank clerk from Maryland defrauded Chevy Chase Bank of $276,424
China's worst weather in 50 years
6 February 2008
Winter storms have caused an estimated $7.5bn in economic losses
Swiss insurers prepared for change: Fitch
5 February 2008
But challenging market conditions lie ahead
BA crash passengers may seek compensation: law firm
5 February 2008
Passengers of the British Airways Boeing 777 that crash landed at Heathrow airport last month may seek claims against the airline
Between fear and reason
5 February 2008
With news of SociétéGénérale's record beating fraud breaking during the conference, AMRAE's well attended annual risk symposium turned out to be an interesting affair
FERMA replace Gorrée with Taylor
5 February 2008
Hans Gorrée has been replaced by Paul Taylor as interim vice-president of FERMA
Bad practice to blame for container losses
5 February 2008
Container loss continues to be a problem on container ships, said the North of England P&I club
UK sets out flood spending
4 February 2008
Hilary Benn has announced that £34.5m will be allocated to implement the recommendations from Sir Michael Pitt's report on the summer floods
The polluter pays, but how?
4 February 2008
Environmental concerns have never been taken more seriously, yet a considerable amount of confusion remains around the impact of the EU's new catch-all environmental rule—the environmental liability directive
Indian insurers IT spend set to grow explosively
4 February 2008
According to a new report, India will see continued explosive growth in the insurance market, with IT spending growing to over $9bn by 2012
Santiso appointed OECD director
4 February 2008
Javier Santiso has been appointed director of OECD's development centre
EU toughens up on employment discrimination
1 February 2008
Commission sends 'reasoned opinions' to 11 member states that have not implemented the Employment Equality Directive
Construction firms warned over plant theft
1 February 2008
NU says around £1m worth of machinery goes missing from construction sites weekly
FSA publishes Financial Risk Outlook
1 February 2008
The UK's financial services regulator warns firms and consumers of the risks inherent in a significantly less benign economic environment
Strong winds, high seas batter UK coast
1 February 2008
Coastguard rescue people from two stricken vessels
Benefits key to attracting retaining staff
1 February 2008
Healthy living programmes are the key to lower employee benefit costs, says Benefit Sources & Solutions
Wal-Mart buyers launch packaging scorecard
31 January 2008
Scorecard designed to help the retailer with its sustainable development goals
Las Vegas hotel fire could have cost insurers $75m
31 January 2008
Had the fire started in a guest room losses could have been much worse, says RMS
Workplace health low priority for businesses: NU
31 January 2008
British businesses know the value of workplace health but remain reluctant to invest finds a survey
UK releases 2006 greenhouse gas emissions
31 January 2008
Defra publishes final 2006 estimates of UK greenhouse gas emissions.
Defra confirms Dorset bird flu same as continental strain
31 January 2008
The department said the most likely source of the Dorset avian flu outbreak was an infected migratory bird
Former DOD employees sentenced for fraud
30 January 2008
Two former Department of Defense employees have been sentenced for defrauding taxpayers
Insurance sector overly confident: CMI
30 January 2008
New data finds only 47 % of organisations in the insurance sector believe that 'managing risks' is a key challenge
1 in 3 Brits are victims of cybertheft
30 January 2008
But complacency remains biggest problem, according to AVG cybercrime survey
SocGen staff file legal complaint against bank
30 January 2008
An association of shareholders and former employees has initiated legal action against the French bank for its handling of the recent fraud scandal
London hosts BC conference
29 January 2008
This year's Business Continuity Conference 2008 takes place on April 2 and 3 at EXCEL London
Betting the bank
28 January 2008
A single rogue trader has shocked financial markets worldwide, and raised serious questions about risk management in one of the world's largest financial institutions
Aon risk expert appointed to board of IRM
28 January 2008
Alex Hindson elected board director at the Institute of Risk Management
Las Vegas hotel fire forces evacuation
28 January 2008
A fire on the roof of the Monte Carlo Casino in Las Vegas forces the evacuation of 3,000 guests
Sixth swan tests positive for H5N1
28 January 2008
A sixth swan has tested positive for H5N1 in southern England
Gold Fields suspends South African mining and processing
28 January 2008
All mining activities have been suspended at Gold Fields' South African gold producing operations.
Willis makes Singapore appointment
25 January 2008
Rob Perry joins Willis' Asia political risk and trade credit team
Marsh in claims roadshow initiative
25 January 2008
Regional tour aimed at risk and insurance managers
Merck & Schering-Plough accused of consumer fraud
25 January 2008
Lawsuits filed in Federal Court over marketing of cholesterol-lowering drugs Vytorin and Zetia
Feds intervene in hospital Medicare fraud scandal
25 January 2008
The Department of justice has thrown its weight behind whistleblower lawsuits against three hospitals accused of defrauding Medicare
$458m Big Dig settlement
25 January 2008
Bechtel Infrastructure, PB Americas and consultants agree to pay to settle federal & state claims
All records broken at AMRAE conference
25 January 2008
AMRAE closes: Uncertainty persists amid SocGen financial crisis
S&P: XL ratings unaffected by $1.5bn-$1.7bn loss
25 January 2008
SCA's downgrade (by Fitch) will also have no impact on the rating
Financial risk arrives at Deauville
24 January 2008
Financial risk can often escape the grip of risk managers. That is itself a risk.
France's SocGen hit by Euro4.9bn fraud
24 January 2008
Société Générale has uncovered a massive fraud relating to the activities of a single trader
Insurers unprepared for Solvency II: Deloitte
24 January 2008
Survey finds insurers complacent about Europe's new capital adequacy directive
US National Response Framework released
24 January 2008
The Department of Homeland Security has set out new guidelines for responding to disaster scenarios
Challenging times ahead for US P/C insurers: EY
24 January 2008
Ernst & Young issues its 2008 US Outlook for the property/casualty insurance industry
Europe's winter flu season starts
24 January 2008
EISS and ECDC confirm an upsurge in the number of confirmed cases of influenza
Conquering fear with reason
23 January 2008
AMRAE opens in Deauville
EU overhauls climate change proposals
23 January 2008
A far-reaching package of proposals to fight climate change seeks to reduce greenhouse gas emissions by at least 20%
Low awareness of infectious diseases: New data
23 January 2008
Experts urge integration of adult vaccines into routine care to save lives
Former VP sentenced for embezzling $5.3m
23 January 2008
A former vice president of a global investment firm has been sentenced to three years for embezzling money from his employer
More workers insured, says Wal-Mart
22 January 2008
An internal survey by the retailer reveals the number of uninsured employees has dropped to 7.3%
Night spots 'be-prepared' for corporate manslaughter charges: Alliance
22 January 2008
Alliance Corporate Risk Management warns bars/clubs/restaurants to prepare for increased scrutiny under the Corporate Manslaughter Act
Security firms respond to RN data loss
22 January 2008
A Royal Navy officer misplaced a government laptop containing personal information; security firms offer advice on steps to secure data
Brown to lead Aon's UK corporate unit
22 January 2008
New chief executive for Aon's commercial insurance division
Royal Navy laptop goes missing
21 January 2008
Details of 600,000 people compromised
NJ Governor vetoes Wrongful Death Bill
18 January 2008
PCI urged Gov. to veto legislation that would have led to more lawsuits, greater liability and increased insurance costs, according to the association
US court imposes 16 year sentence for identity theft
18 January 2008
Two men sentenced after their criminal ring defrauded banks by stealing personal details
Landmark ruling in Total Erika case
18 January 2008
The ruling sets a legal precedent in France for the right to compensation for environmental damages
The spread of political risk
17 January 2008
Nathan Skinner discusses findings from the latest analysis into the extent of economic and political risk
Insurers face barriers to entry into BRIC markets: Report
17 January 2008
Equity caps on foreign ownership, the ban on direct branching and restrictions on cross-border reinsurance are the most common barriers
Elevated risk in 25 of the 50 largest economies: Aon
16 January 2008
Multinational organizations face elevated political and economic risks, according to latest analysis from Aon
NHS Trust implements patient risk management software
16 January 2008
Trust aims to use systems to meet compliance needs
Chinese securities house develops advanced risk management
16 January 2008
Guotai Junan Securities has implemented a new risk management solution from IBM and Algorithmics
Company fined for illegally adjusting claims in California
16 January 2008
Paramount Disaster Recovery to pay $275,000 penalty; cease operating as public insurance adjusters in California
FM Global opens in China
15 January 2008
Following approval from China Insurance Regulatory Commission, the commercial property insurer opens a representative office in Beijing, China
Ice Prince sinks
15 January 2008
Further deck cargo lost to the sea
Insurers to pay $6.5bn in 2007 cat claims: ISO
15 January 2008
144,000 commercial lines claims cost an estimated $1.3bn for damage from 23 catastrophes in 2007
Electronic love
14 January 2008
As Aon reveals a huge leap in electronic placing at the 1/1 renewals, does this solidify technology's place in the London Market?
Concerns mount following Avian Flu in wild birds
14 January 2008
In what ways are risk managers preparing for a possible disruption to normal business practices, Nathan Skinner finds out
Vessel disabled and drifting mid Channel
14 January 2008
Crewman with broken leg and non essential crew airlifted from vessel by coastguard helicopter
Ingersoll-Rand records $277m charge for asbestos claims
14 January 2008
Results from a $538 million increase in recorded liability for asbestos claims to $755 million
Avian flu confirmed in wild birds in Dorset
11 January 2008
Defra confirmed highly pathogenic strain of H5N1 in three dead wild mute swans
CFA slams US insurers for overpricing and underpaying claims
11 January 2008
US property/casualty insurers overcharge policy holders and underpay on claims, said a report from a consumer association that an industry group called 'absurd'
RMS warning on ice storms
10 January 2008
Repeat of the 1998 US Ice Storm could generate up to $3bn in insured losses
UK train workers vote to strike
10 January 2008
The union's executive will meet shortly to consider what action to call
WEF: Collaborative action required to respond to 2008's global risks
10 January 2008
Global risks are systemic and collaborative responses are needed to tackle their interdependency, says the World Economic Forum
AIG unit to pay $42.5m for environmental cleanup
10 January 2008
Payment relates to four industrial sites formerly owned by Fruit of the Loom
AIR: Winter storm losses could reach $600m
10 January 2008
California bore the brunt of a storm "unlike classic Pacific Northwest winter storms"
New solar cycle brings increased risk for electrical systems
9 January 2008
The number of solar storms is expected to build gradually reaching maximum by 2011/12, says NOAA
GAIG creates new environmental division
9 January 2008
New division will provide coverage up to $25m in policy limits
Lloyd's to offer Islamic insurance
9 January 2008
Lord Levene says that Middle East, China and Brazil offer more opportunities for growth than US
Quakes could "devastate" Europe
8 January 2008
A moderate earthquake could generate losses of $10bn, warns AM Best
TRIA renewal puts insurers on stable
7 January 2008
The $100m loss trigger could seriously deplete capital for many small insurers, warns S&P
John Beckman joins CNA Financial as CRO
4 January 2008
Beckman was formerly president of ReAdvisory
RIMS affirms support of TRIA extension
2 January 2008
Calls Bush's extention "one of the highlights of this legislative year"
Arthur J Gallagher acquires niche insurer
20 December 2007
Koster Insurance Agency is an insurance and risk management agency
RIMS names new board member
19 December 2007
Richard Roberts will oversee the enterprise risk management portfolio
Nicholson appointed chairman of Marsh's Scottish operations
19 December 2007
UK COO John Nicholson is promoted to chairman of Scottish offices and operations
Aspen appoints head of political risk
17 December 2007
Bernard de Haldevang joins from Atrium Underwriting
Destination Deauville
December 2007
Amrae's January conference promises to be an interesting and entertaining experience
Ralf Oelßner
December 2007
A German viewpoint on emerging risk, aviation insurance and terrorism
A deceptive quiet: Exposures continue to rise
December 2007
The final tally for the 2007 hurricane season was 14 named storms, slightly above the long term average, and six hurricanes
Fallout continues from UK floods
December 2007
Verbal skirmishes have continued between the Association of British Insurers (ABI) and the UK Government as a result of the £3 billion 2007 summer floods
Review of SCIF uncovers 'serious' problems
12 December 2007
An audit of California's State Compensation Insurance Fund (SCIF) shows serious structural and operational deficiencies
RMS: Time slipping for decision over TRIA extension
11 December 2007
Cancellation of Federal backstop could eliminate growth and availability of commercial terrorism coverage, says RMS
Reputation and trust
11 December 2007
What lessons can be learnt from the recent DEFRA/HMRC scandals? Garry Honey takes a view
Haulage group threatens fuel protests
11 December 2007
A haulage industry pressure group has threatened demonstrations at UK refineries unless the government moves to cut fuel taxes
Tax tops the list of worries for UK small businesses
10 December 2007
New research from Hiscox reveals small to medium sized businesses (SMEs) under increasing pressure from tax burden and growing economic uncertainty
Ex-Brocade exec convicted in stock options trial
10 December 2007
The former vice president of human resources has been convicted of conspiracy and falsifying records in a California District Court
UK firms exposed to corruption risk: Report
10 December 2007
A report by KPMG finds a lack of awareness of risks posed by new bribery and corruption laws
Continued weakening outlook for major economies: OECD
7 December 2007
Steady expansion in China, India, Brazil, but Canada is only 'big seven economy' to experience growth based on CLIs
Former Morgan Stanley analyst sentenced for insider trading
7 December 2007
Wife's tips to husband net $600,000
Washington's workers' comp rates will increase 3.2 %
7 December 2007
The state's Department of Labour and Industries says increase is necessary to cover wage and health care inflation
Directors charged with personal responsibility for BCM
6 December 2007
SunGard warns directors who fail to take action on business continuity risk accusations of dereliction of duty
Isle of Man alters captive regulation
6 December 2007
The domicile has announced changes to it captive insurance industry regulation
NTEGRITY launches new claims system
6 December 2007
NTEGRITY Insurance Solutions has launched a new claims system called ETHOS
FBI uncovers $20m in 'botnet' losses
6 December 2007
A US investigation reveals more than 1m controlled computers as a result of botnet activity
Alternative authentication
5 December 2007
A UK based firm has come up with an innovative grid based ID system, could it be the answer to identity fraud problems
RIMS grants $30,000 to the William H. McGannon foundation
5 December 2007
Donation made in support of risk management education in Canada
Increases in normal retirement ages underline impact of longevity
5 December 2007
Twin pressure of increasing social security costs and lower mortality rates are driving changes in retirement provision
8.4m consumer records stolen in Florida
5 December 2007
A database administrator in Florida has admitted to stealing account records and selling them
How deep is your green?
December 2006
Tim Smit, co-founder of the Eden Project, talks to Nathan Skinner about climate change, CSR and the role of the sustainable enterprise in today's financial system
Subprime crisis exposes deficiencies in risk management globally
4 December 2007
Research finds many financial institutions lack integrated view of risk—stifling growth opportunities
Lloyd's outlines homegrown terror threat?
3 December 2007
New brand of homegrown terrorism probably the greatest security threat we now face, says Levene
UK firms suffer multiple data leakages
3 December 2007
A survey found that every UK organisation without exception had suffered multiple instances of data leakage
OSHA issues confined spaces proposed rule
30 November 2007
The agency is accepting public comments on the proposed standard
Enbridge restores oil supply to US following explosion
30 November 2007
Explosion on Wednesday cut off shipments to US and killed two workers
Risk management down under
29 November 2007
Governance, compliance and emerging risks are top of the agenda at an annual conference for Australian risk managers, Jean-Paul Louisot reports
Aviva appoints new group CRO
29 November 2007
Marcelo Cruz joins from Lehman Brothers in New York
Lessons from HMRC's data loss
29 November 2007
Would UK consumers benefit from US style data breach notification legislation? Richard Stone argues the case
FEMA warns western States of increased flood risk due to wildfires
28 November 2007
Charred ground cannot easily absorb water
Protecting your business from flood
28 November 2007
Businesses concerned by the growing frequency of floods should have an effective response plan, says the UK's Environment Agency
Manchester law firm launches e-crime division
28 November 2007
Burton Copeland has launched a dedicated digital forensics facility
How prepared are you?
28 November 2007
Increasingly businesses are seeing the value in BCM but what impact will another standard have on risk management within the UK
EU directive on flood risk management comes into force
27 November 2007
The directive requires flood risk management to be negotiated across national borders and contains important commitments to increase transparency and involve citizens
EU on track towards Kyoto target but efforts must be maintained, projections show
27 November 2007
EC report says additional initiatives need to be adopted to meet Kyoto targets
Canadian Health Agency admits to major hack
27 November 2007
Sensitive data may have been accessed by unknown persons after a computer was taken home by a consultant
BSI publishes advice on implementing BS25999
26 November 2007
The book is for managers who have decided to introduce BCM into their organization
Companies face widening exposure to liability for environmental losses
26 November 2007
Law firm warns of changing environmental liability/insurance landscape
ICM calls on government to provide consumers with free credit checks
26 November 2007
Longer-term risk of fraud has the capacity to create the greatest damage
Late season typhoon threatens Taiwan
26 November 2007
Category 1 Mitag has clipped the Philippines and is heading north towards Taiwan
EC plans audit of toy safety measures
23 November 2007
The European Consumer Protection Commissioner has announced plans for an audit of business safety measures in the toy supply chain
Standards help protect data: BSI
23 November 2007
Following HMRC's data loss, the BSI has restated the role of standards in information security and data protection
Kiln sees 2% drop in rates
22 November 2007
Reiterates plans to reduce its syndicate capacity due to softening market
UK opens first bioethanol plant
22 November 2007
Plant intends to produce 70m litres of bioethanol annually
Increased US hurricane risks set to continue: RMS
22 November 2007
US hurricane landfall risk expected to remain significantly above the long-term average
CEIOPS publishes its QIS3 report
21 November 2007
PWC comments on the main findings of the Solvency II framework study
Aon says organisational failure to blame for HMRC data loss
21 November 2007
Too often electronic systems have replaced paper based procedures without effective training, says broker
Proposed fines for Corporate Manslaughter conviction inadequate says CCA
21 November 2007
Safety charity says fines between 2.5 to 10 % of annual turnover are too low
UK business better prepared for disaster: Study
21 November 2007
BSI British Standards finds that 81% of FTSE companies could last one week before feeling serious detrimental effects following a disaster
OSHA issues final rule on PPE
21 November 2007
Says employers will pay final cost for almost all personal safety equipment used by workers
Identities of 25m people lost in the post
21 November 2007
Experts say non-encrypted information could be easily hacked
New business continuity standard is a route to competitive advantage: Aon
20 November 2007
Gaining certification for business continuity plans is the next step in strengthening competitive advantage for organisations
TUC calls for tougher enforcement to tackle H&S 'crime wave'
19 November 2007
TUC general secretary calls for greater enforcement powers and activity, including a statutory duty on directors
TRIA compromise
19 November 2007
With the Senate version of TRIA extension now passed, can a compromise be reached before the end the act expires?
Commercial litigation increases 25%
19 November 2007
The number of high court commercial law cases is now at its highest for six years
OpenPages reports record growth in ERM business
19 November 2007
EMEA and Japan are key growth regions
Global ERM strategies still lacking
19 November 2007
Aon survey finds most global companies still lack integrated ERM strategy
Culling completed at bird flu farms
19 November 2007
The total number of poultry culled is approximately 28,600
Swiss Re takes massive subprime hit
19 November 2007
Blames $1.07bn loss on the "unprecedented and severe ratings downgrades undertaken by the rating agencies"
NAIC reveals draft reinsurance proposals
19 November 2007
New framework proposes a single-state US regulator
Hartford CEO backs TRIA passage
19 November 2007
Public-private partnership "is essential to manage terrorism risk and provide economic security"
US Senate extends TRIA
16 November 2007
PCI commends senate for TRIA extension
BSI plans nanotechnology standards
16 November 2007
In January 2008 BSI will launch six standards dealing with nanotechnologies terminology and three guides
Skill shortages still apparent in UK labour market
16 November 2007
KPMG says the availability of candidates to fill UK job vacancies deteriorated again in October
Corporate Manslaughter could make firms more risk averse: Blunkett
15 November 2007
MP David Blunkett has warned that companies could become more risk averse as a result of the new Corporate Manslaughter and Homicide Act
UAW members at Ford ratify new contract
15 November 2007
Workers voted 81 % in favor of the four-year pact
French strike disrupts energy and rail services
14 November 2007
Transport and energy workers have begun open ended strike action in protest of President Nicolas Sarkozy's cost-cutting reforms
UK poultry farmers could lose £30m if avian flu spreads: Aon
14 November 2007
Outbreak comes during build up to key festive season
BRIC outlook survey signals strong services expansion in 2008
13 November 2007
Business activity, revenues, new business and profits are all forecast to rise strongly over the course of the next twelve months
Counting the carbon
13 November 2007
Pressure is mounting on companies to 'go green' amid fresh calls for a common carbon reporting standard
Benfield buys into Canadian energy sector
13 November 2007
Benfield Corporate Risk acquires the Businesses of Beaufort International Insurance Inc. and Beaufort Insurance Services Inc. in Canada
AIRMIC welcomes insurance law modernization
13 November 2007
AIRMIC has warmly welcomed the Law Commission's plans to reform the way insurance is governed in the UK
Subprime crisis continues to impact financial institutions around the world
13 November 2007
Willis publishes report on repercussions in the insurance market and beyond
Avian flu returns to UK shores
13 November 2007
Defra has confirmed Avian Influenza in turkeys on premises near Diss on the Norfolk/Suffolk border
US captive coalition opposes rule change
13 November 2007
Coalition for Fairness to Captive Insurers will oppose changes to captive regulation in the US
Widespread datacenter expansions planned by European companies: Study
12 November 2007
Disaster recovery initiatives were cited as the leading reason for expansions
Safeco expects $35m in California wildfire losses
12 November 2007
The estimated loss includes $5m in commercial property claims
England spared massive flooding
9 November 2007
The Environmental Agency said the tides peaked between 0700 and 0800 Friday morning
Germany extends terror backstop for 2 years
9 November 2007
The federal government, however, said it expects the amount of the guarantee to be gradually reduced
Warehouse fire shows need for businesses to re-evaluate their preparedness: Marsh
9 November 2007
Marsh issues reminder to businesses about fire saftey and risk assessment
Political and security risk in emerging markets threatens business stability: Survey
9 November 2007
Survey finds that 57% of emerging markets are at medium political risk or above
Interest in healthy worker programmes grows: Survey
9 November 2007
Survey finds 46% of employers currently offer financial incentives for healthy behavior, number expected to grow to 70% by 2009
Storm surge threatens North Sea coasts
9 November 2007
Dutch water defences closed and eastern England begins evacuating residents
DHS publishes list of notifiable chemicals
8 November 2007
The Department of Homeland Security has released a list of chemicals that will be subject to preliminary screening based on their human health consequences
Be prepared
8 November 2007
Specialists have advised firms to prepare early for crisis situations
MI5 chief warns of more violent attacks
7 November 2007
In a speech he said the main national security threat was from Al Qaida and its associated groups
The principals of a safer workplace
1 November 2007
Workplace injury rates in the UK appear to be deteriorating, but is voluntary guidance enough to reverse the decline
Last year 2.2m people suffered from work related illnesses: UK HSC
1 November 2007
Number of offences prosecuted increases but government targets unlikely to be met, according to new statistics from the UK's Health and Safety Commission
Earthquake could hit Japanese industries hard
1 November 2007
Chemical, precision machinery, petroleum industries at high risk, says report by ABSG Consulting and EQECAT
HSE investigates fire at oil refinery
1 November 2007
Health and Safety Executive (HSE) specialists are investigating a fire at an oil refinery in Essex
Bahamas brace for late-season storm
1 November 2007
Tropical storm Noel is gaining in strength as it bears down on the Bahamas
CRO interview
November 2007
In this month's StrategicRISK interview, Nathan Skinner probes the risk management strategies of steel giant ArcelorMittal
CCA says HSE wrong to oppose legal safety obligations on directors
31 October 2007
Report by the CCA says HSE arguments for voluntary director guidance without changing H&S law are misleading
One in six employees lies to cover up errors at work
31 October 2007
Survey reveals organisations are exposed to legal action and bad publicity by employees who don't manage electronic files well
New health and safety guidance could be used against directors, warns law firm
31 October 2007
DWF says Health and Safety Commission guidelines although voluntary could be viewed as a legal document by inspectors
McAfee responds to online robbery
31 October 2007
McAfee says hunt for online criminals is further example of crack down on cyber criminal activity
PCI: Don't panic about climate change
31 October 2007
"Prepare don't panic" advise speakers at the PCI conference
New world risk rating tool
31 October 2007
JLT says unprecedented foreign direct investment in today's volatile geopolitical environment underpins need for tool to survey global risk landscape
Wildfires break all records
31 October 2007
Future losses will grow if demographic trends continue, insurers warned
Moody's: Wildfires serve as a warning
31 October 2007
Recent wildfires could be the costliest in history; insurers could face more severe events in the future
Potential fire hazard reported with Chinese-made electronics
29 October 2007
The US National Association of State Fire Marshals has issued a warning about two models of Chinese-made products
Aon offers litigation preparedness solution
29 October 2007
The software for litigation preparedness and IT risk consulting is designed to facilitate records retention and preservation orders
Morley appoints head of Asian property business
29 October 2007
Morley has announced the appointment of Nick Ridgewell to boost its expansion into Asia
New health and safety guidelines released
29 October 2007
The Institute of Directors and the Health and Safety Council have launched new health and safety guidelines
California wildfires could cost $1.6bn: Aon
29 October 2007
Expected losses for insurers between $1.2bn and $1.6bn: Aon Impact Forecasting
OECD presents first Latin American economic outlook
29 October 2007
Economic challenges include: improving public finances, pension reform, boosting telecoms sector and competition with the emerging Asian economies
Newswatch warns of reputational risks
29 October 2007
PR strategies should include a tool to protect against partial and inaccurate reporting, says Newswatch
BP to pay record fine for air violations: EPA
26 October 2007
BP has been fined over $60m and will spend approximately $400m on upgrades following environmental violations in Texas and Alaska
Swiss Re hires Allianz chief risk officer
26 October 2007
Swiss Re has appointed Raj Singh as the new chief risk officer
Fitch: Wildfires could break records
25 October 2007
Rating agency predicts that the wildfires could be costliest ever in US
Indie verdicts an important victory for SFO
25 October 2007
Guilty verdicts will help silence agency's critics
OECD expresses concerns about Chile's anti-bribery compliance
25 October 2007
Chile should adopt the necessary national legislation to improve its anti-bribery convention compliance, says OECD
Wildfires continue to rage as losses mount
25 October 2007
The sheer number of fires (20) has spread fire fighting resources thin, preventing containment
Carvill issues update on California wildfires
24 October 2007
There is little or no precipitation on the horizon for Southern California for at least another seven days
OSHA issues new combustible dust instruction
24 October 2007
Instruction details OSHA policies and procedures for inspecting workplaces that handle combustible dusts
London upgrades emergency reporting system
24 October 2007
New service enables emergency voice, SMS, pager and email alerts in the event of major incident
Ace Q3 net income jumps 13%
24 October 2007
Despite record profits, reinsurance net premiums written declined 24%
Californian firestorms claims may reach $500m
24 October 2007
1991 Oakland Hills fire remains at this point the most destructive single brushfire in California history
XL takes Q3 subprime knock
24 October 2007
XL profits are down 21% primarily due to exposures to the global credit crunch
XL loses its top two men
24 October 2007
Brian O'Hara and Michael Esposito have announced they are retiring
Wildfires continue to rage in California
24 October 2007
Fires are "not yet" as severe as those of 2003, when the Cedar Fire alone caused losses of $1.2bn
CIAB: Soft market spreads to coastal properties
23 October 2007
A survey by the Council of Insurance Agents and Brokers finds the soft market continues for commercial property/casualty lines
Indie three await sentence
23 October 2007
Court heard submissions on Tuesday afternoon
Greater role for renewable in UK energy mix
23 October 2007
Underpinning this is the need to move quickly towards a low-carbon economy, says UK Energy Minister
IRM launches Malaysian training programme
23 October 2007
A qualification and training framework has been agreed for the Malaysian Insurance Institute to provide the IRM certificate in risk management
Indie three found guilty
23 October 2007
Bright, Condon and Lomas guilty of conspiracy to defraud
Lockton: water escape is main source of 2007 property claims
23 October 2007
Storms also a problem area, but fire claims are down
Willis resolves discrimination suit for $8.5m
23 October 2007
Willis settles class action but continues to deny any gender discrimination
Asia has greatest increase in money laundering: Research
22 October 2007
Retail banking is center of most suspicious activity
iprism launches online commercial insurance service with Gocompare.com
22 October 2007
Partnerships marks a commercial insurance comparison site first
Lords rules on pleural plaques
22 October 2007
Could the decision open a window for claims in breach of contract?
FERMA calls for improved broker transparency
22 October 2007
FERMA has made its first review of the final report of the European Commission sector inquiry into business insurance
UK farmers could lose £30m in major avian flu outbreak: Aon
22 October 2007
EU regulations impose gap between government compensation and wholesale profit says broker
House labor committee passes legislation to end sex discrimination
22 October 2007
Employment Non-Discrimination Act approved by a vote of 27 to 21
Lehman Brothers launches securitisation vehicle
22 October 2007
Libero Ventures to move exposures to capital markets
European nat cats on the rise
22 October 2007
Munich Re highlights steady rise in weather-related nat cats in recent decades
AHJ boosts Norwegian presence
19 October 2007
Alwen Hough Johnson purchases 60% stake in Norwegian broker
EC plans improvements to freight transport in Europe
19 October 2007
Proposals to create European freight-orientated network
Aon Risk Services appointment boosts New England region
19 October 2007
John Willett appointed MD at firms Boston office
New York modernises regulation on reinsurance collateral
18 October 2007
State will only impose collateral requirements "when it is required to protect consumers"
Chubb receives approval for China insurance unit
18 October 2007
The new subsidiary will be headquartered in Shanghai
New workplace recovery centre opened in Surrey, UK
18 October 2007
SunGard Availability Services has opened a 65,000 sq ft workplace recovery centre in Leatherhead, Surrey
Decline in nonfatal workplace injuries continues in 2006
18 October 2007
The rate in 2006 was the lowest since the workplace injuries and illnesses survey was first conducted in 1972
River Place II forms captive insurer in New York
18 October 2007
Captive will insure a large residential project in midtown Manhattan
Willis "applauds" TRIA extension
18 October 2007
CEO Joe Plumeri backs the Senate's vote to extend TRIA for seven years
Major gaps in U.S. pandemic preparedness: Report
17 October 2007
Report identifies gaps in U.S. preparedness for treating and caring for children during a possible pandemic flu outbreak
Two new bluetongue cases spotted
17 October 2007
The two new cases are within the current bluetongue protection zone
PCI backs "improved" TRIA and flood proposals
17 October 2007
Senate's TRIA bill does not mandate insurers to provide NBCR cover; flood bill does not include wind cover
Fraud costs rise 40%: PWC survey
17 October 2007
The average direct financial loss to companies has risen to US$2.4m from US$1.7m during the period 2005-2007
Piracy attacks rise
17 October 2007
Nigerian and Somalian coasts become more dangerous, IMB backs move to refer situation to UN Security Council
Russian market to be worth $41bn
17 October 2007
New Lloyd's report forcasts doubling in size of market
UK councils must act now to cope with future flooding
16 October 2007
Professor David Crichton warns against any further building of new houses on flood plains
MSHA warns miners of hazards due to cold weather
15 October 2007
The U.S. Department of Labor's Mine Safety and Health Administration (MSHA) warns miners and mine operators about hazards due to colder weather
Marsh expands property risk consulting team
15 October 2007
Chris Houston appointed as senior consultant in its property risk consulting team
Isle of Man publishes review into island's captive market
15 October 2007
Report emphasises need to raise island's profile as jurisdiction of choice for international financial services
Aon warns against apathy over UK soil directive
12 October 2007
All business sectors urged to participate in consultation
US Treasury calls for input on regulatory review
12 October 2007
Requests public input as it prepares steps to keep US markets from losing ground in global economy
Krosa losses could reach $600m
12 October 2007
After battering Taiwan, Typhoon Krosa made landfall in China forcing the evacuation of 1.4 million people
Q3 cat losses lowest in five years
11 October 2007
US property/casualty insurers are expected to pay $1.125bn in third quarter catastrophe claims
Beating the postal strike
11 October 2007
New software helps ease cash flow worries
A home for captives
11 October 2007
In the area of captives the Isle of Man has faced stiff competition, could recent developments in local regulations improve things for the island?
Aviva: Top tips for commercial vehicle fleet managers
10 October 2007
NU has devised a series of top tips to help prevent potential crashes or breakdowns
Severe floods prompt insurers to gauge the power of geography
10 October 2007
Insurance industry given an insight into Ordnance Survey flood mapping
German market on negative outlook
10 October 2007
Fitch downgrades stable outlook due to decrease in capitalisation of industry
EPA declares $4.6bn clean air settlement
10 October 2007
American utility company agrees to cut air pollutants, pay $15m penalty and spend $60m to mitigate emissions
Policyholders benefit from TRIA: Research
10 October 2007
New report finds businesses are better protected with the Terrorism Risk Insurance Act in place
ETUC goes on the offensive against MSDs
10 October 2007
ETUC wants to launch a mass trade union offensive focused on work related musculoskeletal disorders
HMRC data theft shows organisations are considering the 'human factor,' says Safeboot
8 October 2007
HM Revenue & Customs say stolen laptop data is secure with 'top level encryption'
Fitch downgrades German market outlook
8 October 2007
Fitch says competitive environment is expected to increase, lowering rates
Chevron calls Ecuador lawsuit 'improper, unethical and illegal'
8 October 2007
Files petition for dismissal of environmental lawsuit
Marsh launches $425m London market property facility
8 October 2007
Facility will provide non-catastrophe capacity for US and Canadian companies
Maintenance worker dies at LNG terminal
8 October 2007
A floating jack-up barge collapsed on Saturday afternoon near Milford Haven at a liquefied natural gas terminal
Super typhoon makes double landfall
8 October 2007
The centre of Typhoon Krosa came ashore in northeast Taiwan on Saturday
Global policies could create tax and regulatory nightmares
3 October 2007
For the international companies that buy them to take advantage of their purchasing power and create consistency of cover across their operations
EC report voices competition concerns
3 October 2007
After over two years of information gathering and deliberation, the European Commission has issued its final report into the conditions of competition in the business insurance sector
Morocco association planned
3 October 2007
Morocco expects to start its own risk management association early in 2008
Solvency II hailed "a milestone"
2 October 2007
CEA presents its analysis of the draft directive
PCI of America gives Senate its blueprint for flood programme reform
2 October 2007
Flood insurance programme must be reformed 'comprehensively'
Shareholder lawsuits coming in Europe: Report
1 October 2007
Shareholder activism and new litigation tactics making D&O liability insurance more prevalent on continent, report says
European firms not addressing major risks: Survey
1 October 2007
Lack of preparedness impedes growth/success, says Aon
US House of Representatives approves flood insurance reform
28 September 2007
The legislation reauthorizes and expands NFIP and improves flood mapping
Marsh appoints first CRO
28 September 2007
James Elder, formerly of Credit Suisse, assumes position of chief risk officer
EU report to lead to better deal for clients
27 September 2007
Marsh welcomes the EU Competition Commission report
Swiss Re launches new climate programme
27 September 2007
Initiative will provide financial protection against weather risks in emerging countries
HSBC plans investment in China joint venture
27 September 2007
HSBC Holdings PLC is investing £16.5m in a insurance joint venture in China
Avian flu to cost $4.4trn
27 September 2007
Marsh study finds 20% of world population at risk; 140 million deaths predicted
CEA responds to EC enquiry
26 September 2007
Body offers to be go-between for insurers and Commission
HSBC plans new Asian insurance venture
26 September 2007
HSBC Holdings said it will open an insurance business in Taiwan
Another Spitzer?
26 September 2007
The recently-published EC report into business insurance has stirred up some mixed feelings throughout the industry
Linklaters responds to EU business insurance enquiry
26 September 2007
The Commission, is going to take some persuading that the practices it has identified are necessary for a competitive insurance or reinsurance market: Linklaters
US attorneys admit to being unprepared for electronic discovery
26 September 2007
Research: 92% of attorneys admit their company is vulnerable when it comes to being prepared for electronic discovery
Europeans join forces to develop a new pandemic flu vaccine
26 September 2007
The four-year project has been awarded a grant of EUR3.5m from the European Union
AIRMIC responds to EU business insurance enquiry
25 September 2007
AIRMIC supports broker remuneration transparency but says subscription market doesn't reduce competition
IUA responds to Commission's enquiry
25 September 2007
Body welcomes findings on transparency and accountability
Royal Society launches consultation on NanoCode for business
25 September 2007
The aim of the NanoCode is to establish an international consensus on what constitutes good practice
UK's separated plutonium stockpile poses severe risks warns Royal Society
25 September 2007
Report says best option is to convert the plutonium into a fuel for nuclear reactors
Virginia Tech awarded more than $960,000 risk grant
25 September 2007
Grant will support ongoing recovery and risk assessment work
US auto workers launch first national strike action in 30 years
24 September 2007
The UAW has launched a national strike against General Motors to address issues of job security
UK famers face Britain's first case of Blue Tongue
24 September 2007
The virus is thought to be the same strain as found in other parts of northern Europe
WWF calls for clear targets and early action on climate change
24 September 2007
Agreement to build on the Kyoto Protocol
New risk director for Axa UK
20 September 2007
Ian Robinson joins Axa from HSBC where he was chief operating officer
Reputation – what does it mean?
20 September 2007
Northern Rock is not the first financial crisis to prompt headlines talking of damage to reputation
US Passes TRIREA
19 September 2007
The U.S. House of Representatives has passed the Terrorism Risk Insurance Revision and Extension Act of 2007
Insurer groups applaud CEA funding bill
17 September 2007
Insurers in the CEA commit $1.3bn to ensure financial viability of earthquake catastrophe pool
Swiss want top centre of world finance by 2015
14 September 2007
Swiss insurers are joining forces with bankers and other financial institutions to put the country amongst the world's top three centres of international finance
Biometrics point to 8,000 "individuals of concern"
14 September 2007
The UK government's programme to fingerprint every foreign national applying for a British visa has reached record levels—over 100,000 a month
Now in "peak of hurricane season"
13 September 2007
Humberto focuses attention on the Gulf of Mexico, where conditions are "ripe for more activity", warns RMS
Tropical depression poses a serious threat
13 September 2007
A new hurricane is likely to form in the Atlantic by the weekend, warns Carvill
China accused of hacking and espionage
13 September 2007
Digital warfare becomes a reality as France accuses the Chinese of hacking
Data theft from UK credit broker
13 September 2007
Loans.co.uk has reportedly contacted police regarding the possible theft of thousands of customers' personal details
Europeans trump North Americans in responsible business practices: Research
13 September 2007
A report finds that responsible practices are increasingly being adopted by companies worldwide, though there are significant differences between regions
III: terror insurance programme "essential"
12 September 2007
A long-term terrorism insurance programme is a must, says the III
EU warned not to "water down" existing product safety checks
12 September 2007
EU Consumer Commissioner sets out plans for a review of consumer product safety
Businesses still lacking in disaster preparedness
10 September 2007
Info-Tech Research survey shows nearly 60% of companies yet to implement IT recovery plan
Reinsurance outlook is stable
10 September 2007
The outlook for the global reinsurance sector remains stable supported by robust balance sheets of reinsurers, finds Andrew Holt
Swiss Re advocates compulsory terrorism coverage
10 September 2007
Terror cover should be compulsory where government pools exist, says Swiss Re
The future of European employment practices liability?
10 September 2007
Dicrimination, harassment and unfair dismissal claims are no longer a US only issue. But to what extent are they really an issue for European employers?
US Department of Labor grants $3m to assist Minnesota cleanup
9 September 2007
Money to assist in the cleanup and recovery after recent flash flooding
Greenberg subpoenaed by SEC
9 September 2007
Former AIG exec summoned as part of ongoing investigations
Are firms prepared for emerging risks?
7 September 2007
Fortune 1000 companies may not be taking a long term view of risk management and preparing accordingly for emerging risks
Defra publishes reports into the Surrey FMD outbreak
7 September 2007
The chief veterinary officer is satisfied that FMD has been eradicated from Surrey
Zurich buys Wrightway in Ireland
7 September 2007
Zurich Financial Services Group has bought Wrightway Underwriting for an undisclosed sum
German terror plot foiled, firms warned to stay alert
7 September 2007
Homegrown terrorism is still rife and businesses need to be vigilant, according to Aon
UK fire service invites disaster recovery firm to station alongside
7 September 2007
Disaster recovery teams are being based alongside firefighters in a new initiative to provide a fast recovery service to victims of fire and flood
AIG rebrands executive liability
6 September 2007
AIG has announced that it will begin marketing its D&O, E&O, EPL, PTL and fidelity liability insurance under a new name
Hiscox: Inappropriate behaviour common in the workplace
6 September 2007
A new survey has revealed that bad language, rude jokes, over familiar behaviour and sexual innuendo is common in the workplace
US House of Representatives calls on China to remove trade barriers
6 September 2007
The House calls for greater access for financial services firms doing business in China
AXA sells Dutch ops for Euro 1.8bn
6 September 2007
Euro 47m higher than initial agreement
Cat reinsurance rates drop 6% in 2007
5 September 2007
Guy Carpenter says market has stabilized in 2007 after tumultuous mid-decade catastrophes
Aviva Spain announces new CEO
5 September 2007
Ex-Grupo Santander director joins as head of Aviva's business in Spain
Mattel recalls a further 848,000 toys
5 September 2007
In total, there are 530,000 affected toys in the U.S., and 318,000 affected toys outside of the US
European aviation maintenance standards under threat
5 September 2007
Aircraft Engineers International finds a downward trend in aviation engineering safety standards
UK/US pilot launched to speed up processing patents
4 September 2007
Patent Highway will allow applicants to request accelerated examination of a corresponding patent application filed in either UK or US
Cooper Gay acquires CRS Team
3 September 2007
Cooper Gay acquires reinsurance and terrorism broking teams of CRS Group
Measles cases in 2006 highest on record
31 August 2007
480 confirmed cases of measles in the UK so far this year
Farmers as risk managers: lessons from this summer
30 August 2007
A bad year for agriculture has exposed the need for business continuity plans
Miller expands risk team
30 August 2007
Victoria Barrett becomes associate director of the professional risk team, joining from Integro
San Diego hospital launches countersuit against its insurer
30 August 2007
Independent hospital says insurance company refuses to pay hospital market-competitive rates
NZ Health Ministry warns of toxic toothpaste
30 August 2007
New Zealand has issued a warning not to use certain brands of Chinese toothpaste because they may contain a toxic substance
Medco buys PolyMedica and expands diabetes care
29 August 2007
Transaction valued at $1.5bn
Insurer ratings hold despite hostile events
29 August 2007
?The European insurance industry continued to enjoy ratings stability and good results in the first half of 2007 despite the global credit crunch and weather-related catastrophes, according to Moody's.
Study: UK employers show mixed environmental performance
27 August 2007
70% of HR professionals admit that their organisation could do more
Firms affected by Minnesota bridge collapse offered Federal aid
24 August 2007
US Small Business Administration offers low-interest disaster loans
US Financial Services Committee to hold hearing on credit markets
24 August 2007
Entitled: Recent Events in the Credit and Mortgage Markets and Possible Implications for U.S. Consumers and the Global Economy
Ace expands risk team
24 August 2007
John Nilson has been appointed to the position of senior vice president for risk management
Dean dissipates
24 August 2007
Since making landfall near the town of Tecolutla in Mexico, Dean has weakened quickly
UK manufacturer announces ethical trading initiative
23 August 2007
A UK based manufacturer along with its Indian supplier has gained membership to the Ethical Trading Initiative (ETI)
Competition Commission decides to lift price controls on SME banking
23 August 2007
OFT said that the provisional decision would boost competition to provide essential banking services to small business customers
PartnerRe to launch $1bn European reinsurer
23 August 2007
PartnerRe consolidates in Dublin under the Reinsurance Directive
EQECAT: Dean losses around $2bn
23 August 2007
EQECAT also estimates that overall losses in Mexico will be less than $250m
New hire for Lloyd's South Africa
23 August 2007
Litha Mveliso Nyhonyha has been appointed general representative for Lloyd's in South Africa
Lancashire CFO given risk role
23 August 2007
McConachie appointed as chief risk officer, in addition to his current role as CFO
California workers' injury compensation falls by 12%
22 August 2007
US compensation payments for workplace injuries fell by 1.4% nationally in 2005
FBI-led panel to help fight cybercrime
22 August 2007
International law enforcement agencies are set to join forces to help in the fight against organized cybercrime
Extra-territorial jurisdiction claims increasing
21 August 2007
Willis finds more US law firms are getting involved in litigation against non-US companies
Vienna Insurance Group profit rises 50%
21 August 2007
Profit increases by EUR72m to a total of EUR215.4m
Brazilian poultry workers demand better conditions
21 August 2007
20,000 South American food workers have demonstrated in Brazilia demanding better working conditions
Dean marks start of "busy year"
21 August 2007
Hopes of another benign hurricane season in 2007 fade fast
FMD outbreak may cripple support industry firms, warns livestock underwriter
20 August 2007
The export of cattle could be banned for up to three months from the date of the last outbreak
Subprime collapse ups liability claims risk
20 August 2007
D&O and E&O costs could rise as a results of the US sub-prime crisis, warns Marsh
Hiscox reports record half-year results
20 August 2007
Insurer increases profits by 72.1%, GWP rises 17%
OSHA proposes $2.78m fine against Ohio-based uniform supplier
20 August 2007
Follows Tulsa, Okla., employee death in industrial dryer
Lockton responds to Mattel toy recall
17 August 2007
Companies must put in place robust risk management planning and recall insurance to protect their businesses
SafeBoot says US is 'streets ahead in the data protection game'
17 August 2007
SafeBoot warns that failure to embrace data encryption technologies leaves organisations open to large damages
Link and Zenith to merge
17 August 2007
Two insurers merge to form single Gibraltar based insurer
Montpelier Re expands risk management team
17 August 2007
Montpelier Re has named Timothy Aman as senior vice president and risk management officer
Chinese manufacturers must boost quality control
16 August 2007
Manufacturers in China must improve quality control to secure insurance coverage, warns Aon
Dean likely to threaten US
16 August 2007
Tropical Storm Dean likely to become a hurricane and could threaten the Gulf, says Carvill
China in recall nightmare
15 August 2007
Chinese toys come under fire once again
Threat from al-Qaeda is low level attacks
15 August 2007
A terror risk forecasting company says that the threat to UK property stems from loosely coordinated small scale attacks
New group life catastrophe cover
15 August 2007
Policy is a response to firms housing top employees in prestigious high-risk locations
UK meat could face rejection beyond EU
14 August 2007
Aon is advising exporters to reconfirm worldwide orders before shipping their cargo to prevent unexpected costs
EC launches new medical intelligence system to identify public health threats
14 August 2007
System to provide health authorities with real-time knowledge about disease outbreaks or industrial accidents
Mattel recalls over 18m toys
14 August 2007
Mattel is recalling 18.2m magnetic toys globally and 436,000 toy vehicles
JLT to establish joint Arab venture
14 August 2007
JLT and Arab Commercial Enterprises agree to establish joint company in Saudi Arabia
Firms fail to meet employees anti-fraud expectations
13 August 2007
A survey found that employees were not hostile to corporate anti fraud measures and would welcome clarity
US Labor Department implements civil penalty rules under PPA
13 August 2007
Regulation allows department to assess civil penalties against employers who fail to give employees notice of the right to sell company stock
Assurant fires two execs following SEC investigation
13 August 2007
Company terminates a chief actuary and VP of risk management
Aon: Covering the cost of FMD
10 August 2007
Aon consultant warns that standard business interruption policies will not cover foot and mouth disease related losses
US fatal work injury rate drops to lowest level since 1992
10 August 2007
The rate of fatal work injuries in 2006 was 3.9 per 100,000 workers
ASSE expands in Africa and Asia
10 August 2007
The American Society of Safety Engineers welcomed two new international chapters from Nigeria and Papua, Indonesia
NOAA downgrades 2007 hurricane forecast
10 August 2007
Above normal season still expected
Munich Re to establish base in India
9 August 2007
Nikolaus von Bomhard sees a "wealth of opportunities" in India's booming insurance market
Marsh looks at foot and mouth
8 August 2007
Broker offers advice in latest health scare
GARP establishes base in Barcelona
8 August 2007
David Mulano will head the new chapter for the Global Association of Risk Professionals
Foot-and-mouth: UK is "high risk" says EC
7 August 2007
The EC has banned the export of all live animals from the UK following the outbreak of foot-and-mouth
TRIA renewal leaves insurers exposed
6 August 2007
The renewed TRIA could expose insurers to "colossal" NBCR losses
UK lagging behind on Environmental Liability Directive
6 August 2007
The UK is failing to implement the EU Environmental Liability Directive, say insurers
Zurich puts UK weather losses below £200m
2 August 2007
Claims payments related to UK floods not to exceed $400m (£197m)
ESIS launches subsidiary in Shanghai
2 August 2007
Environmental, health and safety professionals will offer enterprise-wide risk advice
Flood clean up means health risks
31 July 2007
Law firm warns of considering all health and safety precautions before clean-up work begins
Cat 4 typhoon threatens Japan
31 July 2007
Typhoon Usagi is expected to intensify to a category 4 storm over the next three days warns ReAdvisory
UK Government toughens money laundering regulations
26 July 2007
New regulations launched to strengthen UK's money laundering and terrorist financing defences
Staff discrimination cases 'rocket'
26 July 2007
UK SMEs witness rapid rise in tribunal costs due to staff discrimination cases
EU corporate governance standards improving
24 July 2007
Two reports highlight heightened corporate governance levels, but weaknesses remain
EC establishes nuclear safety group
18 July 2007
High level group on nuclear safety and waste management set up to reinforce common approach to nuclear safety
Terror threat level increases in 22 countries
11 July 2007
Janusian Security Risk Management says the threat from terrorism has increased in a number of countries
PRMIA to drive risk management in India
6 July 2007
The Professional Risk Managers International Association has increased its presence in India
TSR lowers hurricane activity forecast
6 July 2007
Tropical Storm Risk continues to predict an active Atlantic storm season despite lowering its activity forecast
Gone but not forgotten
5 July 2007
It might not be receiving the column inches that it did last year but a global pandemic still poses a huge risk to insurers and reinsurers.
France referred to Court of Justice over ban on parallel import of plant protection products
3 July 2007
The European Commission has decided to refer France to the European Court of Justice for its ban on the parallel import of plant protection products. The Commission considers that several provisions in the French law create obstacles to cross-border trade. Parallel importation is a lawful form of trade in nearly identical products marketed in different Member States, but with variable prices.
China quake highlights potential risk
3 July 2007
A recent earthquake in China will cost some $250m in economic losses says RMS
Marsh boosts public sector practice
25 June 2007
New appointments to drive public sector push at Marsh
UK government sets up body to tackle absence in the workplace
20 June 2007
Norwich Union welcomes the decision by the UK government to set up a vocational rehabilitation task group
Europe fails to combat corruption
19 June 2007
EU Member States are failing to implement the requirements of the Council Framework on the combating of corruption in the private sector
FERMA elects new president and board
14 June 2007
Marie-Gemma Dequae has been re-elected president of the Federation of European Risk Management Associations
AXA upgraded to 'AA'
12 June 2007
Standard & Poor's cites Winterthur integration and excellent ERM in rating decision
English poultry test positive for avian influenza
8 June 2007
Test results positive for low pathogenic h7 avian influenza near St Helens, Lancashire
ACE releases podcast on risk transfer options
7 June 2007
Online discussion focuses on the effective evaluation of risk transfer products in a rapidly evolving environment
Face up to climate change
June 2007
Companies need to face up to the realities of climate change and the risks that it poses to their long term interests. Environment and Climate Change Minister Ian Pearson, addressing a meeting of US businesses in New York on 9 May, said that a business's vulnerability to the threats of climate change is of increasing concern to investors and shareholders. Companies need to respond to this to stay ahead.
Face up to climate change
June 2007
Companies need to face up to the realities of climate change and the risks that it poses to their long term interests. Environment and Climate Change Minister Ian Pearson, addressing a meeting of US businesses in New York on 9 May, said that a business's vulnerability to the threats of climate change is of increasing concern to investors and shareholders. Companies need to respond to this to stay ahead.
Climate change: Munich Re signs UN accord
5 June 2007
Munich Re is a signatory to the joint declaration on climate change issued by the United Nations Environment Programme Finance Initiative
Swiss Re in $100m Mediterranean quake bond
1 June 2007
Swiss Re has obtained $100m protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus
Munich Re takes lead in Caribbean cat solution
1 June 2007
Munich Re is taking the syndicate lead in reinsuring the "Caribbean Catastrophe Risk Insurance Facility"
OECD's Gurría welcome's Zoellick nomination for World Bank
31 May 2007
Gurría said appointment will contribute to expanding co-operation between the World Bank and the OECD.
US Treasury sponsors pandemic crisis response
29 May 2007
US to test ability of financial services sector to respond to pandemic crisis
AIR develops Chinese typhoon model
29 May 2007
AIR is joining forces with the Shanghai Typhoon Institute to enhance its understanding of the tropical storms
Heath Lambert settles poaching claims with Aon
29 May 2007
Heath Lambert has reached a settlement with Aon relating to allegations that it poached 25-30 Newcastle-based Aon employees
Transatlantic elects additional member to its board of directors
29 May 2007
Ian Chippendale, fomer chairman of RBS Insurance, joins the board
Congress urged to reject mandatory terror cover
24 May 2007
Ahead of TRIA's sunset, Congress has been urged to reject mandatory cover for nuclear, biological, chemical and radiological attacks
WTC insurers agree $2.5bn payout
24 May 2007
Seven insurance companies have agreed to pay an additional $2.5bn to resolve all outstanding claims on the World Trade Center
Chemical pollution: clean surface water by 2015
24 May 2007
New report calls for "toughening up" of proposed rules on improving the quality of surface water
Ironshore approved to write insurance in Florida
24 May 2007
The Bermuda-based specialty insurance company is to write property, property catastrophe and casualty insurance
Ark appoints political risk underwriter
24 May 2007
Simon Low has joined Ark as senior terrorism, war and political risk underwriter
UPDATE: China's vulnerability
23 May 2007
Risk modellers' research in China highlights earthquake risk to reinsurers
S&P: Insurers anticipate more cats long term
23 May 2007
Insurers expect weather-related catastrophes to increase over time as a result of a warming global climate, says S&P
ACE opens new offices in Budapest and Prague
22 May 2007
ACE has expanded its presence within Central and Eastern Europe with the opening of two new offices
Marsh in Omani joint venture
22 May 2007
Marsh has announced the creation of Marsh Oman LLC, a joint venture between Marsh and the Zubair Group
Experts' forum highlights need for quick action on TRIA
22 May 2007
A cross-section of top academicians have highlighted the need for quick action on extending the Terrorism Risk Insurance Act
Marsh urges law firms to address business continuity
21 May 2007
UK law firms are being urged to address business continuity management ahead of the new Solicitors' Code of Conduct
AIR in partnership to improve China quake model
21 May 2007
AIR is working with the Beijing Institute of Architectural Design to improve its understanding of building vulnerability in China
More checks, tougher penalties
21 May 2007
The EC targets employers of illegal workers with new rules to ensure similar penalties across all EU member states
Going head to head with EU regulators
21 May 2007
German energy group RWE and Italian energy company ENI under the regulatory spotlight over antitrust allegations
Marsh poaches Aon team in Scotland
19 May 2007
Marsh nabs Scottish professional risks team from Aon
AIR collaboration to improve China quake model
19 May 2007
AIR Worldwide joins forces with the China Earthquake Administration's (CEA) Institute of Geology...
ESG Re takes Deloitte to court
19 May 2007
ESG Re launches legal action against Deloitte & Touche citing negligence
Athena and Artemis
April 2007 Catastrophe Risk
Using Geographic Information Systems to Manage Flood Risk. By Suzanne Corona
Disasters bulletin 8 November 2006 - 5 March 2007
April 2007 Catastrophe Risk
A summary of global disasters occurring between 8 November 2006 - 5 March 2007. By Prof Bill McGuire of Benfield - UCL Hazard Research Centre
International action on catastrophes
April 2007 Catastrophe Risk
OECD conference highlight the need to promote risk awareness and literacy in developing countries and the expansion of affordable, accessible insurance
Is a pool the answer to Indian catastrophe risks?
April 2007 Catastrophe Risk
In India, cat losses such as the Gujarat earthquake have hit insurers hard. A pool could help stablise insurance supplies and encourage risk mitigation. By Partha Panda and Rama Warrier
Port security risk management
April 2007 Catastrophe Risk
NBC weapons seeping across the US border, and the potentially catastrophic result, represent the ultimate risk for US federal, state and local authorities. By Christopher Rissetto and Jason Matechak
Windstorm Kyrill: A glimpse into the future?
April 2007 Catastrophe Risk
Windstorm Kyrill is a reminder that windstorm is a real threat to insurers and reinsurers in Europe. By Julian Alovisi, Claire Souch and Jane Toothill
Regulation - Policing the Policemen
February 2007
A new UK House of Lords ad hoc committee formed to investigate the role of regulators has issued a call for evidence.
Regulation - Policing the Policemen
February 2007
A new UK House of Lords ad hoc committee formed to investigate the role of regulators has issued a call for evidence.
A Model of Tenacity
December 2006 Catastrophe Risk
A little over 20 years ago, a young woman, metaphorically clutching her new masters degrees in economics and business administration, went to work in Boston for the US subsidiary of one of Britain's l
AIRMIC dinner speech notes
December 2006
Former Secretary of Defence Michael Portillo put the value of risk management into a wider perspective when he spoke at the annual AIRMIC dinner. Portillo described the critical balance governments today have to make between fighting terrorism and preserving civil liberties. "It is all about measuring risk," he said.
All aboard for Nantes
December 2006
The 15th annual conference of AMRAE, the French Risk Managers' Association will take place in the city of Nantes between the 24 and 26 January 2007. Andrew Leslie gets a preview from Alain Poullet, President of AMRAE's Scientific Committee.
Changed duties and liabilities
December 2006
Craig Blakemore discusses the implications of new UK company legislation.
Current and future risks
December 2006
Regulation was also cited as a huge burden, costing, according to the British Chamber of Commerce, £10bn between 1997 and 2005. However, Royal & SunAlliance's Risk Uncovered Index2 identifies the biggest future risks facing UK businesses as predominantly stemming from problems close to home.
Current and future risks
December 2006
Regulation was also cited as a huge burden, costing, according to the British Chamber of Commerce, £10bn between 1997 and 2005. However, Royal & SunAlliance's Risk Uncovered Index2 identifies the biggest future risks facing UK businesses as predominantly stemming from problems close to home.
Flood threat in the United Kingdom
December 2006 Catastrophe Risk
The east coast of England is under threat from rising sea levels, the ABI has warned in a report on the coastal flood risk. Existing flood defences must be improved
Keeping IT simple
December 2006
Sean Elson spells out the pros and cons of new UK fraud legislation.
Lloyd's prepares for the worst
December 2006 Catastrophe Risk
If the global insurance industry had a mission statement, it should simply say, 'Be prepared'.
Russians going global
December 2006
Vladislav Soloviov believes that embracing international corporate governance standards can help Russian companies shake off their negative image.
The Business Case for Disaster Prevention
December 2006 Catastrophe Risk
Company involvement in disaster prevention can strengthen supply chains and improve prospects for business continuity.
The extradition risk
December 2006
Gillian Eastwood and Paul Lomas summarise the current extradition arrangements in the US and UK, assess the change in the extradition risk and outline some practical steps for managing it.
The WoW Factor in Hurricane Damage Mitigation
December 2006 Catastrophe Risk
Wall of wind (WoW) research capability developed by the International Hurricane Research Center in Florida will change standards for building practices and retrofitting technology of existing structur
Topics and trends
December 2006
A steady stream of regulation has imposed stringent requirements on European company directors and officers. Sue Copeman looks at the areas that risk professionals believe have implications for management liability in 2007.
Typhoon Risk and Climate Change in Asia
December 2006 Catastrophe Risk
This article summarises the scientific findings on global warming and tropical cyclone hazard, highlights their significance for the western Pacific region and shows that reinsurance is an important m
What role for government?
December 2006 Catastrophe Risk
Frank Nutter, president of the Reinsurance Association of America (RAA), answers some questions from Catastrophe Risk Management about the US market, including proposals for more government involvemen
An adaptive approach
October 2006
Do companies which fully comply with codes automatically have good governance? The answer is an emphatic No, believes Paul Forrest of BDO Stoy Hayward
Eastern Europe faces confusion over EU laws
24 October 2006
Eighty per cent of companies operating in Central and Eastern European countries consider their overall awareness of EU legislation to be at a low or medium level despite the fact that 85% consider EU
Eastern Europe faces confusion over EU laws
24 October 2006
Eighty per cent of companies operating in Central and Eastern European countries consider their overall awareness of EU legislation to be at a low or medium level despite the fact that 85% consider EU
Harmonisation produces discord
October 2006
The provisions of the European Statutory Audit Directive have ruffled some feathers in the UK. Neil Hodge explains.
Identity theft is predicted to soar
October 2006
ID theft cost British businesses £50m in 2005, and this is set to increase by 1,300% by 2020 to £700m.
Identity theft is predicted to soar
October 2006
ID theft cost British businesses £50m in 2005, and this is set to increase by 1,300% by 2020 to £700m.
Pan-european pensions beckon
24 October 2006
Multinational companies could be missing an opportunity to save costs and reduce risks by continuing to operate separate pension schemes across Europe, according to Mercer Human Resource Consulting.
Pan-european pensions beckon
24 October 2006
Multinational companies could be missing an opportunity to save costs and reduce risks by continuing to operate separate pension schemes across Europe, according to Mercer Human Resource Consulting.
Regulatory confusion fuels fraud explosion
October 2006
Simple, low-cost steps that could significantly reduce fraud are not being adopted by UK business. Richard Kusnierz explains why.
Cat Models in India
September 2006 Catastrophe Risk
Stretching from the Himalayan Arc to the Gulf of Mannar, India is not unused to devastating natural catastrophes. Modelling catastrophes on this scale in such a large country with scarce information i
China looks to create disaster insurance system
September 2006 Catastrophe Risk
China intends establish a disaster risk insurance system with state financial support, in a move to encourage domestic insurers to play a bigger role in providing insurance for potential disasters, ac
Financial Management of Large Scale Catastrophes
September 2006 Catastrophe Risk
The OECD has launched an international network that will gather high level public officials, representatives of the private sector and academic experts with a view to exchanging information and provid
Managing Uncertainty in Cat Models
September 2006 Catastrophe Risk
Difficult questions raised by the 2005 hurricane season on the merits of the various types of analyses that underpinned trading decisions continue to worry senior management.
Reviewing Model Changes
September 2006 Catastrophe Risk
Commercial catastrophe model vendors have made key changes this year to their US hurricane and European windstorm models. Especially for US hurricane, the effect on modelled loss is material.
Economic crime still soaring
September 2006
UK companies are losing billions of pounds to economic crime. Hossein Hamedani discusses the results of a recent survey.
Gas industry rocked by contaminated land case
September 2006
Anna Rabin says that the High Court's decision in a landmark contaminated land case has significant implications.
German companies exposed
September 2006
The largest German-owned companies have almost 20% more exposure to pensions risk than top UK and Dutch firms and over three times more than French-owned organisations, according to new research by Me
German companies exposed
September 2006
The largest German-owned companies have almost 20% more exposure to pensions risk than top UK and Dutch firms and over three times more than French-owned organisations, according to new research by Me
Life after SOX
September 2006
Has all the aggravation, not to mention the considerable cost, incurred by many large European companies to comply with the US Sarbanes-Oxley Act been worth it? Fiona Sheridan gives her view.
New fraud legislation on the horizon
September 2006
The UK Fraud Bill may become law before the end of 2006. Neil Hodge discusses the implications.
Reassurance or no assurance?
September 2006
Sean McGahan reviews recently enacted UK legislation on compensation.
Stop workplace bullying
September 2006
On 12 July the House of Lords gave judgment in the case of Majrowski v Guys & St Thomas' NHS Trust. Nick Hanning looks at the significant implications for employees and employers.
When risk management saves lives
September 2006
Lee Coppack interviews Guy Lamand, StrategicRISK Lifetime Achiever award winner and recipient of the first ever French government prize for civil defence.
Big Responsibilities Small Rewards
May 2006
Despite a growing acknowledgement that the calibre and performance of non-executive directors have improved since corporate governance rules were revamped in the UK, recent studies show that fewer peo
Corporate disclosure and Eastern Europe
May 2006
James Hydzik looks at some of the potential pitfalls for companies investing in Eastern Europe and discusses how problems are being overcome.
Quality improvement moves
May 2006
When the liability clock starts ticking
May 2006
Too late to sue? A recent European court case shows that consumers will generally get the benefit of the doubt in the interpretation of consumer legislation, warns James Haddleton.
Who's who at Alarm Conference 2006
May 2006
Plenary speakers provide insightful opinions from different areas and explain their understanding of, and approach to, risk management.
May 2006
ALARM is offering more than 50 workshops, with over 12 hours of educational and learning opportunities, including lectures and interactive workshops.
14 June 2006
Many UK organisations are failing to prepare for disruption, despite evidence outlining the business benefits of disaster planning, says a survey published last month by the Chartered Management Insti
14 June 2006
Many UK organisations are failing to prepare for disruption, despite evidence outlining the business benefits of disaster planning, says a survey published last month by the Chartered Management Insti
Corporate disclosure and governance in Russia
June 2006
Alexander Livshitz describes how Russian companies are introducing disclosure and governance to provide confidence to the international financial community
Dealing with unwelcome advances
June 2006
How do you deal with the risks of a hostile takeover bid? Penny Avis reviews research findings that should help you prepare your defence
June 2006
Unmarked GM products, black market meat and protectionist measures collide in Moscow, says James Hydzik
Irregular procedures
June 2006
With failure to follow procedural regulations being enough to make the dismissal of an employee automatically unfair, more and more claims simply based on procedure are being brought before UK employm
SEC Pay Proposals
June 2006
Proposals by the Securities and Exchange Commission, the US financial services regulator, to amend its executive compensation disclosure requirements to improve transparency have been broadly welcomed
June 2006
The UK Government may have dropped the OFR, but it may be unwise to celebrate too heartily Richard Carpenter writes.
The reality of US-style litigation
June 2006
Commentators have sounded the alarm that the UK is on the verge of a tidal wave of asbestos litigation Is this speculation accurate and, if so, how should companies respond? Terry Budd, Jane Harte-Lov
April 2006
The UK Association of Corporate Treasurers (ACT) is introducing a certificate paper in pensions risk management (Cert PRM), which will specifically address the regulatory and market issues facing UK c
April 2006
The UK Association of Corporate Treasurers (ACT) is introducing a certificate paper in pensions risk management (Cert PRM), which will specifically address the regulatory and market issues facing UK c
UK Government reconsiders approach
April 2006
How well is the UK government managing risk? A House of Lords enquiry is seeking to find out Peter Joy reports.
Killer companies?
April 2006
Gary Summer discusses future UK legislation on corporate manslaughter
Out of Brussels
April 2006
Employers are bracing themselves for the implementation of what everyone reckons is the most significant piece of European legislation of all - the age discrimination strand of the European Employment
Understanding Chinese contracts
April 2006
The differences between Chinese and English commercial law can pose risks to exporters of advanced manufactured goods, says Nicholas Brown
A catalyst for change
February 2006
Regulatory changes are giving risk management a new visibility in France But will they be enough to bring about a change in the role of the risk manager? asks Andrew Leslie.
Avoiding and handling disputes
February 2006
There is no conformity across Europe in the way that companies avoid and handle disputes
Avoiding and handling disputes
February 2006
There is no conformity across Europe in the way that companies avoid and handle disputes
Coming to grips with the Bermuda Form
February 2006
What is the Bermuda Form? And why is it important that you know? Matthew Smith and John Sylvester explain
Documentary evidence?
February 2006
Chris Haden highlights how inadequate document control is leaving the financial services sector open to massive financial risk in the light of anti money-laundering legislation
From great expectations to ..?
February 2006
What the Dickens happened to the OFR? asks Tim Hopkirk
Smelling a rat?
February 2006
Lee Coppack discusses the reasons for Rentokil-Initial's desire to abandon its final salary pension scheme and the problems companies face generally in funding pensions
UK fire regulations may require a new approach
February 2006
Is current industry practice in fire risk assessment enough to meet the forthcoming regulation in this area? Not according to Dr Jason Clement, who says companies are missing out on the full benefits
Combined Code - Compliance rate drops
21 December 2005
The proportion of FTSE 350 companies fully compliant with the revised Combined Code has dropped by half to 28%, compared to the 58% that were fully compliant with the former Combined Code in 2004, acc
Combined Code - Compliance rate drops
21 December 2005
The proportion of FTSE 350 companies fully compliant with the revised Combined Code has dropped by half to 28%, compared to the 58% that were fully compliant with the former Combined Code in 2004, acc
December 2005
What are the main challenges facing European risk managers - and how are they dealing with them?
Compensation Bill needs to go further
21 December 2005
A recent report shows that compensation culture continues to hit UK businesses and local authorities, and highlights weaknesses in proposed legislation
Compensation Bill needs to go further
21 December 2005
A recent report shows that compensation culture continues to hit UK businesses and local authorities, and highlights weaknesses in proposed legislation
Controls fail to curb fraud
21 December 2005
Fraud is costing UK businesses nearly £2bn a year and a new report reveals that employees are finding it 'staggeringly easy' to get away with it
Controls fail to curb fraud
21 December 2005
Fraud is costing UK businesses nearly £2bn a year and a new report reveals that employees are finding it 'staggeringly easy' to get away with it
Emissions regulators show teeth
December 2005
The first penalty under the rules governing the EU Greenhouse Gas Emission Trading Scheme (EU ETS) has recently been imposed The case highlights the importance of compliance, explain Jacqueline Mailly
Intellectual Property - A Cinderella risk
21 December 2005
Intangible assets are more valuable than physical property for many businesses, yet the management of the risks involved tends to be fragmented and little coordinated across companies, according to Ma
Intellectual Property - A Cinderella risk
21 December 2005
Intangible assets are more valuable than physical property for many businesses, yet the management of the risks involved tends to be fragmented and little coordinated across companies, according to Ma
Reasons to be fearful?
December 2005
What effect might the General Product Safety Regulations 2005 have on strategy? asks Campbell Dye
The less than holy trinity of executive power
December 2005
Lee Coppack discusses why concentrating too much power in the hands of one person can be dangerous
Age discrimination law challenge
November 2005
Some UK companies will find it difficult to comply with the Age Discrimination Act, due to become law in October 2006, while a new report suggests that senior management need to give more support to c
Age discrimination law challenge
November 2005
Some UK companies will find it difficult to comply with the Age Discrimination Act, due to become law in October 2006, while a new report suggests that senior management need to give more support to c
'Green' buildings good for business
November 2005
A new study of buildings in North America and the UK reveals a clear link between the market value of commercial property and its environmental friendliness
'Green' buildings good for business
November 2005
A new study of buildings in North America and the UK reveals a clear link between the market value of commercial property and its environmental friendliness
Learning from the London terrorist attacks
November 2005
Mike Osborne looks at the recent London bombings and the lessons the business community can learn from them
Legal Jurisdiction - a venue to sue
November 2005
The differences between common and civil law in the EU are causing unexpected problems for companies, explains Maria Kielmas
October 2005
According to a study released last month, insurance fraud in the UK business community costs at least £550m a year
October 2005
According to a study released last month, insurance fraud in the UK business community costs at least £550m a year
October 2005
Bruce Carnegie-Brown looks at a recent US study
Training For The Future
October 2005
<B>What do you see as the key risks for a pan-European organisation?</B>
Complying with emissions trading rules
September 2005
Dr Geoff Harrison looks at how the European Emissions Trading Directive could affect your company
Focus on four
September 2005
What are the key concerns of European risk managers? Sue Copeman talked to four of the national risk management associations
Risk management and corporate governance
September 2005
Corporate governance initiatives in Europe are changing the risk management role according to a recent Federation of European Risk Management Associations (FERMA) survey
What's new at Ferma?
September 2005
In the run-up to the October Forum of the Federation of European Risk Management Associations (FERMA), StrategicRISK looks at what lies on the horizon
MOSCOW: New horizons
Oct 2005 Eurofocus Moscow New Horizons
Strategic Risk invited a number of key practitioners within the Russian risk management community to discuss current risk management issues affecting the region
Old and dynamic?
April 2005
Your HR department may be looking to recruit a workforce of young go-getters, but forthcoming equal treatment regulations will ban age discrimination Marian Bloodworth discusses what this means for UK
Securing the future
April 2005
On 7 March the UK Government announced its new sustainable development strategy - Securing the Future With risk managers increasingly focusing on reputational issues, good sustainability management ca
Worldcom verdict acts as warning
20 April 2005
WorldCom chief executive Bernie Ebbers has been found guilty of $11bn worth of fraud, having failed to convince a jury that he was unaware of falsified accounts handed to him by his chief financial of
Worldcom verdict acts as warning
20 April 2005
WorldCom chief executive Bernie Ebbers has been found guilty of $11bn worth of fraud, having failed to convince a jury that he was unaware of falsified accounts handed to him by his chief financial of
A New Code for Belgium
February 2005
Sergio Beristain looks at the development of Belgium's corporate governance initiative
Around Europe
28 February 2005
News and comments from the Federation of European Risk Management Associations
Around Europe
28 February 2005
News and comments from the Federation of European Risk Management Associations
Coming Clean
February 2005
How well are institutions coping with money-laundering regulations Lee Coppack investigates
28 February 2005
The return of the insurance market cycle and brokers' remuneration were two of the topics discussed at last month's congress of the French risk management association, AMRAE, in Biarritz
Illness or disability managing the difference
February 2005
Amendments to the UK Disability Discrimination Act came into effect on the 1 October 2004 Tim Ablett reviews a recent seminar on the issues businesses face in the light of this legislation.
Personally Accountable
February 2005
Directors and managers face potential personal criminal liability for some offences - and whenever a director is held liable there are implications for brand reputation Tan Ikram provides a checklist
Portugal on the risk management map
February 2005
Jose Manuel Dias da Fonseca sets the risk management scene in Portugal, ahead of the FERMA Forum 2005 in Lisbon
Risk and Reward
February 2005
Despite the current preoccupation with corporate governance, customer service risk still concerns European financial managers more than financial reporting requirements, says Wendy Cohen
UK Pollution Battle
28 February 2005
The Environmental Industries Commission (EIC) has launched a campaign to counter what it calls the 'environmental deregulationists', claiming that scaremongering by polluting industries on the costs o
UK Pollution Battle
28 February 2005
The Environmental Industries Commission (EIC) has launched a campaign to counter what it calls the 'environmental deregulationists', claiming that scaremongering by polluting industries on the costs o
Achieving a risk culture
December 2004
Julien Morel and Cyril Vegni discuss the evolution of a risk culture within the Group La Poste and the strategies for its development
20 December 2004
Demonstrating Excellence
20 December 2004
Sue Copeman announces the launch of the StrategicRISK 2005 European Risk Management Awards
Euro-Corporates and Risk Management
December 2004
A recent study highlights the fact that French, German, Dutch and Belgian companies take a sophisticated approach to risk management Ian Winters reviews the findings.
Fighting Fraud
20 December 2004
Fighting Fraud
20 December 2004
Olivier Sorba
December 2004
The Amrae boss discusses the aftermath of September 11th and how French companies are dealing with Sarbanes-Oxley
Security or Illusion?
December 2004
Directors' and officers' liability was a discussion theme at the Federation of European Risk Management Associations (FERMA) seminar 2004
Survey Results
20 December 2004
Following Spitzer's revelations, AIRMIC conducted an online survey of its members, which strongly supported a major overhaul of insurance buying practice The results were released at the convention. S
Transparency Guidelines
20 December 2004
Transparency Guidelines
20 December 2004
US prices fall but changes continue
December 2004
Michael Rossi discusses recent US trends
Vivendi & Intellectual Risk
December 2004
Lee Coppack describes how Vivendi Universal has set about restoring its finances and reputation
A Slice of American Pie?
November 2004
Many European groups are looking to expand into the US Steven Blair and Mark Bunim discuss the risks for UK companies, which result from the very different legal culture - and how to avoid the pitfall
A step-by-step approach to SOX
November 2004
With the Sarbanes-Oxley compliance deadline for US-headquartered companies imminent (the first reporting date is November 2004), what lessons can be learned by those UK companies that also have to com
Around Europe
4 November 2004
News and comments from the Federation of European Risk Management Associations
Caught in the Regulator's Net?
November 2004
The summer been dominated by the threat of regulation of the insurance market and the changes that this may bring to many business operations in the UK
4 November 2004
Another example of risk versus opportunity is emerging on the environmental front with the start of the EU Greenhouse Gas (GHG) Emission Allowance Trading Scheme next year
Corporate Responsibility Exchange
4 November 2004
The London Stock Exchange has launched a new service enabling companies to consolidate the disclosure of 'non-financial' information
Corporate Responsibility Exchange
4 November 2004
The London Stock Exchange has launched a new service enabling companies to consolidate the disclosure of 'non-financial' information
Directors fear an increasing level of risk
4 November 2004
According to a survey by risk consultants Kroll and Director magazine, British directors fear that a strong economy will encourage fraud and computer crime as the economic upturn takes hold
Directors fear an increasing level of risk
4 November 2004
According to a survey by risk consultants Kroll and Director magazine, British directors fear that a strong economy will encourage fraud and computer crime as the economic upturn takes hold
Exporters must assess markets
4 November 2004
British exporters must do their homework, or they could end up with slow paying customers or unpaid debts, according to credit insurer Atradius, which has launched a series of country reports on popul
Exporters must assess markets
4 November 2004
British exporters must do their homework, or they could end up with slow paying customers or unpaid debts, according to credit insurer Atradius, which has launched a series of country reports on popul
Facing up to Fraud
4 November 2004
UK and continental European companies have different views on corporate fraud, with financial reporting misdemeanours higher on the European agenda
Facing up to Fraud
4 November 2004
UK and continental European companies have different views on corporate fraud, with financial reporting misdemeanours higher on the European agenda
Government fails to lead ...
4 November 2004
The reluctance of the UK Government to provide consistently clear leadership has resulted in its strategy on sustainability reporting stalling, says ACCA (the Association of Chartered Certified Accoun
Government fails to lead ...
4 November 2004
The reluctance of the UK Government to provide consistently clear leadership has resulted in its strategy on sustainability reporting stalling, says ACCA (the Association of Chartered Certified Accoun
How healthy is your business?
November 2004
A healthy workforce is essential for a healthy business, and employers need to do more, claims David Bingham
Medicine Not Magic
November 2004
Lee Coppack describes AstraZeneca's approach to risk
Punishing fraud
November 2004
Tan Ikram identifies some concerns in proposed changes to fraud law
The Newly Regulated Risk Manager
November 2004
So you have decided that you do need FSA authorisation What are the next steps? Some changes in process and company culture may be necessary, says Brian Hardwicke.
Using your intelligence
November 2004
Mark T Townsend examines the importance of business intelligence and due diligence in assessing risk in emerging markets
Driving UK risk managers overseas
15 September 2004
One firm in seven would consider moving its risk management function overseas if it were regulated in the UK, according to a survey of AIRMIC members Over 100 of them responded, representing more than
Growing interest in managing risk
August 2004
Under the communist regime there was little incentive for Central and Eastern European countries to embrace the concept of risk management That is changing for those countries that are now members of
Pushing back the frontiers
August 2004
Gemma Rogers reviews the recent ALARM conference
Risk management for an enlarged EU
August 2004
Jeff Manners says that companies operating in the Central European countries that joined the EU this year will need a structured approach to risk management to gain competitive advantage
Sick notes
August 2004
Lee Coppack looks at the growing focus on absence management, and at how Tesco is tackling the issue
UK companies unprepared for strategic risks
15 September 2004
UK companies are failing to press home their competitive advantage ...
UK companies unprepared for strategic risks
15 September 2004
UK companies are failing to press home their competitive advantage ...
Disclosing The Facts
June 2004
New legislation will encourage UK companies to provide more information for stakeholders But, without compulsion, will anything change?
Managing a Disaster
June 2004
You need to be sure that you can manage after a disaster rather than letting the disaster manage you, say Clive Fletcher-Wood and Alyson Tanner
An Entente not so Cordiale - Eurotunnel
June 2004
Lee Coppack looks at events at Eurotunnel and why shareholder activism is increasing generally
Asbestos Update
June 2004
Over 100 years after it was first publicly revealed in a UK parliamentary report to be hazardous to health, asbestos has made an unwelcome return to the top of organisations' risk registers, says Neil
Comment - Is it a risk or an opportunity?
June 2004
Is it a risk or an opportunity? That is what many organisations will be asking themselves following the UK government's launch of draft regulations on the Operating and Financial Review (OFR) in May
Competing For Attention - RIMS 2004
June 2004
Lee Coppack covers some of the highlights of the recent US risk management conference
CRE seeks employers' views
10 June 2004
The Commission For Racial Equality is asking British employers to take part in a consultation on its revised code of practice in employment
CRE seeks employers' views
10 June 2004
The Commission For Racial Equality is asking British employers to take part in a consultation on its revised code of practice in employment
Educating Tomorrow's Risk Managers
June 2004
Jean-Paul Louisot looks at developing and disseminating risk management knowledge and enhanced standards of excellence
Hazards from EU Enlargement
10 June 2004
A new study suggests that EU harmonisation could erode the cost advantages that newly-joined states currently enjoy, and could leave British importers liable if products sourced from these countries d
Hazards from EU Enlargement
10 June 2004
A new study suggests that EU harmonisation could erode the cost advantages that newly-joined states currently enjoy, and could leave British importers liable if products sourced from these countries d
Honouring the Pensions promise
June 2004
The risk from defined benefit pension promises is inextricably linked to the sponsoring company's finances This was always the case but the accounting standard FRS17 has emphasised it in a way that ma
Feeling the Effects
April 2004
While only eligible UK companies will fall within the Sarbanes-Oxley net, the UK government is considering additional legislation that will apply to all David Saunders writes.
Sour Milk
April 2004
Lee Coppack looks at Parmalat's problems and at how they might have been detected sooner
D&O Premiums still increasing
21 April 2004
A report from Tillinghast, part of Towers Perrin, after research among 2,139 companies in the US and Canada, shows that Directors and Officers (D&O) liability insurance premiums increased by approxima
D&O Premiums still increasing
21 April 2004
A report from Tillinghast, part of Towers Perrin, after research among 2,139 companies in the US and Canada, shows that Directors and Officers (D&O) liability insurance premiums increased by approxima
European Issues
April 2004
StrategicRISK asked three European risk management associations what they and their members were focusing on
Meeting Future Needs
April 2004
What training and qualities do Europe's risk managers need to meet current and future needs? Three European academics give their views
Risk Management Today
April 2004
What issues are European risk managers focusing on? StrategicRISK finds out
February 2004
While the European Commission does not plan a harmonised corporate governance code, it does intend to ensure a common approach, says Sue Copeman
Planning for the unexpected
February 2004
StrategicRISK interviews Heimo Ernst Weiss, BELFOR international customer relations, on the benefits of working closely with restoration companies
Saving lives and money
March 2004
David Abbott urges risk managers to meet their health and safety obligations by focusing on driving at work risks
February 2004
Judging of the StrategicRISK 2004 European Risk Management Awards takes place in early March Suzanne Hirst writes.
Chasing the China Dream
December 2003
Paul Morrison discusses responsibility, reality and reputation in the world's favourite market
European Unity
December 2003
StrategicRISK highlights some of the topics discussed at the Federation of European Risk
Debt Mountaineering at ABB
December 2003
Lee Coppack discusses the problems that have eroded shareholder value for ABB
Absence falls in economic downturn
30 October 2003
The economic downturn has contributed to a fall in absence of
Absence falls in economic downturn
30 October 2003
The economic downturn has contributed to a fall in absence of
Cleaning Up
October 2003
Europe's environmental liability regime is getting tougher...
October 2003
When European risk managers gather...
Danger: Asbestos
October 2003
New regulations on the management of asbestos in the workplace...
October 2003
John O'Neill asks whether we really understand the risks...
Raising the stakes in corporate crime
October 2003
Andrew Manners summarises current UK legal developments
The Recycling Revolution
October 2003
Jessica McCallin discusses the EU's latest producer
Update of the D&O market
October 2003
Michael A Rossi looks at developments in directors' and
Workplace violence
October 2003
Simon Housego asks whether the...
A Store of trouble
October 2003
What went wrong at Royal Ahold? Lee Coppack writes
Compare and contrast
October 2003
Tony Cherry summarises the findings of the
Avoid The Potholes
October 2003
Michael Burke discusses local authority disaster and contingency planning
Are your Turnbull procedures effective
September 2003
For years UK listed companies have been holding risk workshops...
On High Alert
September 2003
David Claridge suggests some practical...
Protecting Data
September 2003
Richard Thomas, the UK's Information Commissioner, is responsible for the promotion and enforcement
Solving the Chinese puzzle
September 2003
It is not easy to find quality commercial information information in China.
Response to Uncertainty
June 2003
Alison Craig discusses the aims of this year's FERMA Forum
Regulators Flex Their Muscles
June 2003
UK regulators are adopting an equally aggressive approach to that of their US counterparts.
Getting The Right DNA
April 2003
Jennifer Duvalier and Simon Garrett discuss what the 'DNA' of the...
Special Offer Special Risk
April 2003
Nigel Ashdown suggests ways...
Knowledge is power
April 2003
Complying with corporate governance creates the opportunity...
Pulling their sox up?
April 2003
At the sixth AIG Europe Corporate Governance Seminar in January...
The Dark Side Of Charisma
April 2003
Lee Coppack looks at what went wrong at WorldCom
March 2003
Implications for Western business of war in the Middle East
Some Like It Hot…
February 2003
Massimiliano Zanetti believes that more European companies should be managing their weather risks
Stachybotrys A Growing Threat?
February 2003
Moulds are becoming an increasing source of indoor air pollution
Avoid Equal Pay Claims
December 2002
Most employers believe that they do not have an equal pay problem
Liberating Whistleblowers
December 2002
Whistleblowers may feel gagged in the current UK corporate climate
The EDC Scare Fiction or Fact?
December 2002
Are EDCs a major global health hazard?
Uk Restrictions And Options
December 2002
The directors and officers liability insurance (D&O) market is in a state of turmoil
Us -Tough Times Ahead
December 2002
US risk managers are facing more than the foreseeable hard D&O market conditions
Behaviour In The Boardroom,
December 2002
While existing laws should have been enough to prevent the Enron and WorldCom scandals
From Pariah To Paragon
December 2002
British American Tobacco is seeking to appease its critics
Screen Employees
December 2002
Employee screening can prevent a variety of unpleasant surprises
The American influence
26 September 2002
Increasingly, US directors are being sued. And European companies are not immune, explains Ian Youngman
Flooding – Britain Takes A New Approach
June 2002
With global warming and continuing flood plain development, flood losses look set to increase. Simon Fullalove says that Britain, which suffered US$1.5bn flood damage in autumn 2000, has recognised
The Risks Of A Risk Professional
June 2002
Lee Coppack discusses the recent fortunes of European financial services giant AXA
Blowing the whistle
15 July 2002
A fifth of employees in the UK would blow the whistle on malpractice if they could do so without fear of repercussions
Blowing the whistle
15 July 2002
A fifth of employees in the UK would blow the whistle on malpractice if they could do so without fear of repercussions
Nigeria And The New Scams
March 2002
Recent evidence suggests that "419" frauds have got more sophisticated.
Protecting Your US IP Risks
March 2002
European companies frequently look to deals with US businesses to access this potentially valuable market
Us terrorism update
26 April 2002
Many large US businesses will have no cover for terrorism risks when they renew their insurance policies
Us terrorism update
26 April 2002
Many large US businesses will have no cover for terrorism risks when they renew their insurance policies
Fair Competition
March 2002
Paul Stone outlines the proposed new UK regime for regulating competition and for dealing with those who break the rules
Learning From Enron
March 2002
Sue Copeman discusses the demise of the giant US power company
Pain Relief At Bayer
March 2002
Lee Coppack discusses the impact of recent events on German pharmaceuticals and chemicals group Bayer
Avoiding claims
December 2001
How can directors steer clear of claims? Christine Seib asks some of the experts
Developing a global programme
December 2001
Standard D&O policy wordings vary in different jurisdictions warns Michael Rossi
Doing business in India
December 2001
Many international companies are looking to develop and expand their activities in India because of its significant growth potential. Manivannan R Rajan discusses the business environment
Gloomy picture at Ferma
11 January 2002
Shrinking capacity and rising rates resulting from the World Trade Center disaster dominated talk at the Federation of European Risk Management (Ferma) forum in Barcelona.
Gloomy picture at Ferma
11 January 2002
Shrinking capacity and rising rates resulting from the World Trade Center disaster dominated talk at the Federation of European Risk Management (Ferma) forum in Barcelona.
South Africa the HIV/Aids crisis
December 2001
Companies which source products in South Africa, or which have subsidiaries there, may need to face up to the growing problem of the country's HIV/AIDS pandemic.
Trouble ahead?
December 2001
Nick Stanbury looks at the practical implications for company directors of the proposed UK company law changes
When the inspector calls
December 2001
The contaminated land regime is now heading into an important phase. Risk management principals are at the core of the new legislation, says Sue Cooley
December 2001
New entrants must show significant security
Moving forward
10 January 2002
The events of 11 September have shattered the traditional concepts of our world.
Moving forward
10 January 2002
The events of 11 September have shattered the traditional concepts of our world.
New laws, new liabilities
December 2001
Forthcoming UK legislation will impose new liabilities on directors. In some cases, they will risk not only fines, but imprisonment. William Allison reviews the changes
Complex Challenges
September 2001
Adrian Leonard asks Professor Ortwin Renn, a consultant at the Centre of Technology Assessment in Baden-Württemburg about his approach to the challenges of systemic risk management.
European perspective
September 2001
FERMA's new president, Thierry Van Santen, discusses the challenges facing risk managers.
Government-sponsored litigation
September 2001
US state and city governments are becoming increasingly formidable, and willing, plaintiffs, says Christopher C. Iliff.
New markets, different rules
September 2001
Having a website may mean you can sell widgets to customers in Outer Mongolia - but do you really want to? David Smellie and Paula Lennon outline the dangers and how to avoid them.
Railtrack: Governance under Pressure
September 2001
Lee Coppack discusses whether Railtrack's failure to manage safety risks and maintain shareholder value could have been avoided.
Responsibility conference
26 September 2001
The future Belgian presidency of the European Union, jointly with the Commission, is organising a conference on the place of corporate social responsibility on the social policy agenda.
Responsibility conference
26 September 2001
The future Belgian presidency of the European Union, jointly with the Commission, is organising a conference on the place of corporate social responsibility on the social policy agenda.
Serious fraud escalates
26 September 2001
Big business is losing out to fraudsters, with over EURO3.6bn lost in the last two years
Serious fraud escalates
26 September 2001
Big business is losing out to fraudsters, with over EURO3.6bn lost in the last two years
Companies under siege
June 2001
Labour unrest and worker dissatisfaction in some parts of Asia threaten the viability of foreign-invested companies and even the physical safety of their staff.
Reassessing longtail exposures
June 2001
A recent court decision will cause some companies to reassess their liabilities where past operations have exposed their employees and others to asbestos.
Don't knock lightly
June 2001
The cost of media campaigns is enormous, and having to abort one is a disaster.
CBI criticises new rules
14 June 2001
The CBI has expressed strong concerns over some aspects of new European discrimination laws.
CBI criticises new rules
14 June 2001
The CBI has expressed strong concerns over some aspects of new European discrimination laws.
China: Realising Eastern promise
March 2001
Expanding into China can be risky. Ian Gilchrist suggest some solutions.
Don't risk employee claims
March 2001
Increasing complex employment legislation, coupled with broad definitions of "workers" and high awards, are putting pressure on companies. Who would be an employer? asks Rachel Dineley.
Ergonomic solution to MSDs
14 June 2001
After 10 years' research, the American Occupational Safety and Health Administration (OSHA) has released an ergonomics programme standard.
Ergonomic solution to MSDs
14 June 2001
After 10 years' research, the American Occupational Safety and Health Administration (OSHA) has released an ergonomics programme standard.
Managing culture risks
December 2000
Alan Waring discusses some practical risk management responses to cultural problems.
Managing land risks
March 2001
Alasdair Fox and Alastair McKie discuss the impact of legal change.
Measuring human capital
14 June 2001
Doug Ross and Steven Dicker show how key HR practices produce shareholder value.
Measuring human capital
14 June 2001
Doug Ross and Steven Dicker show how key HR practices produce shareholder value.
Putting a price on life
December 2000
Mike Hanley discusses the cost benefit problems of increasing the safety of the railways.
The threat from abroad
June 2001
If you have subsidiaries in developing countries, you could face unexpected claims, warns Fiona Gill.
USA v Microsoft
March 2001
Matthias Beck and Lynn Drennan suggest that Microsoft's inability to prevent the break up the software giant could be the risk management failure of the century.
No escape for corporate killers
September 2000
Peter Campion, assisted by Asam Khan, discusses the implications of the proposed new UK offence of corporate killing.
Distance selling directive
12 June 2001
Solicitors Paisner & Co warn that UK on-line retailers and others selling goods "at a distance" should ensure compliance with new EU rules to be implemented shortly.
Distance selling directive
12 June 2001
Solicitors Paisner & Co warn that UK on-line retailers and others selling goods "at a distance" should ensure compliance with new EU rules to be implemented shortly.
Early intervention and rehabilitation
September 2000
David Shillaker says getting injured employees back to work quickly can benefit your bottom line.
EASD best practice guidelines
12 June 2001
The European Association of Securities Dealers (EASD) has issued pan-European corporate governance recommendations.
EASD best practice guidelines
12 June 2001
The European Association of Securities Dealers (EASD) has issued pan-European corporate governance recommendations.
Health, safety and reputation
September 2000
A recent survey shows that health and safety issues have a significant influence on corporate reputation. Neville Purvis believes companies should take a positive approach.
The polluter pays not always!
June 2000
Richard Ford discusses the implications of the new regime on contaminated land.
The changing face of risk
June 2000
Christopher Huhne, MEP discusses the complex business world in which European companies now operate.
AIG to draw up sale list
1 January 1998
Insurer's shares rise 43%.
Chubb hit by investments
1 January 1998
Operating income down but investment falls hurt most
RBS shares plummet
1 January 1998
Bank reveals £206m write down.
Revised Fortis plan revealed
1 January 1998
Fortis to retain 90% of Belgian insurance business