First quarter results of many commercial insurers and reinsurers in recent weeks suggest a tough year ahead with some companies already warning they may not meet their 2016 targets.
Ex-member of the European Parliament and former Solvency II advocate Peter Skinner has been jailed for four years after being found guilty of expenses fraud.
Risk managers should be more involved with mergers and acquisitions (M&A), helping to mitigate risks and arrange related insurance, according to brokers and underwriters.
Insureds will be entitled to damages for late payment of claims under UK law as the Enterprise Act has received Royal Assent.
A new standard for managing anti-bribery programmes is in the pipeline as corporate corruption climbs the risk agenda.
Clients of mutual commercial property insurer FM Global will collectively receive a $465m premium credit due to the firm's latest strong operational and financial results.
Risk managers in France and Portugal taking part in our European Risk Frontiers survey would, above all else, like to be able to smash down the barriers that prevent their colleagues from grasping the merits and potential of risk management
XL Catlin promotes Emmanuelle Martin to claims manager France, Abbey Sturrock joins Marsh's public agency political risk group and XL Catlin creates global A&H unit.
Japanese non-life insurers will suffer losses up to JPY320bn ($2.9bn) from the recent earthquakes that hit Kyushu island last month but credit ratings agencies Fitch and AM Best both agree that the Japanese non-life insurance sector should be able to comfortably absorb the losses.
A European Commission (EC) review of the Environmental Liability Directive (ELD) has concluded that its implementation still varies significantly between European Union (EU) member states and is resulting in a patchwork of environmental remediation.
Following a meeting of its captive special interest group last week, the UK risk management association Airmic looks increasingly likely to enter the growing debate on the taxation of captive insurers.
Investment management firm BNY Mellon believes that the insurance-linked securities (ILS) market is well placed to deliver cyber risk transfer solutions. In particular, the company thinks London could become the global ILS cyber hub.
The time has come for risk managers and their boards to fully get to grips with cyber risks and stop complaining that the subject is simply too hard for them to get their heads around, participants at a webinar were told.
There is a worrying loss of confidence in companies' anti-corruption programmes and doubts about just how thoroughly suppliers and partners are checked, according to a recently published global anti-corruption survey.
The latest European Commission (EC) analysis of dangerous non-food products recalled and withdrawn from market in Europe finds that toys and clothing top the list for 2015 and that China is the biggest source of the problem.
There has been a downturn in global piracy during the first quarter of this year but violent attacks off the west African coast rose, according to latest figures from the International Maritime Bureau (IMB).