News
Airmic 2008: Supply chain management creates difficulties
Protecting supply chain integrity is a major challenge for global organisations seeking to improve financial performance, according to delegates in Jardine Lloyd Thompson's supply chain risk workshop at the Association of Risk Management conference.
Airmic 2008: Global supply chains becoming more compex, claims AIG
The global supply chain is more complex and efficient than ever before, but it is still vulnerable to certain key risks that need to be managed effectively, delegates at the Association of Insurance and Risk Managers conference heard today.
Airmic 2008: risk managers need to more invovled in M&A claims Zurich
Senior managers often do not understand the role the risk management function plays in mergers or whether its gets brought into the transaction process early enough, according to Zurich Global Corporate.
Oval CEO Hodson: All acquisitions on hold
Oval, which this morning was snubbed by Perkins Slade over a possible deal, has admitted it has put all acquisitions on hold for the summer. The announcement came as the consolidator published its unaudited group financial results for the year ended 31…
Kennedys and Davies Lavery announce merger
Kennedys and Davies Lavery have today announced their decision to join forces and create a legal giant with more than 110 partners and 600 staff.
Airmic 2008: Crisis management is key for survival
Many enterprises think they are better prepared for a crisis than they really are, the Association of Insurance and Risk Managers annual conference heard today.
Five per cent lie to protect 'no claims', says Autotrader
Motoring magazine Autotrader has found that small family cars are most likely to be involved in an accident.
Airmic 2008: the difficulties with insurance premium tax
Insurance Premium Tax is a major weak point for the global insurance programme, the Association of Insurance and Risk Managment conference heard today.
Lloyd’s syndicate takes contingency underwriter from Sirius in London - sources
Lloyd’s insurer Cathedral underwriting has hired contingency underwriter Jane Todd from London company market rival Sirius, Reinsurance can reveal.
Airmic 2008: sustainability can give firms competitive edge
Sustainability is much more than just a theoretical challenge and has become a factor that affects any organisation’s risk profile, the Association of Insurance and Risk Management conference heard today.
Slade not considering talks with other consolidators
David Slade, chief executive of Perkins Slade, said the firm would announce a succession plan at the next board meeting on 1 July after the collapse of talks with consolidator Oval.
Marsh UK appoints new CFO
Marsh has announced the appointment of Angus Cameron as CFO of Marsh UK. Mr Cameron will join Marsh on 18 August, reporting to both Martin South, CEO of Marsh UK and Marc Vassanelli, CFO of Marsh in Europe, the Middle East and Africa.
Airmic 2008: risk managers must take action over energy performance
With the second stage of the Energy Performance of Buildings Directive fast approaching, a large majority of commercial buildings in the UK will be subject to new energy efficiency guidelines. As such risk managers must take action to count the cost of…
AIG downgraded by AM Best
AIG suffered a further blow when US ratings agency A.M. Best has downgraded a number of its ratings.
Pay as you drive insurance schemes not dead, claims consultancy
Consultant Watson Wyatt has told the insurance market "don't write off usage-based motor insurance".
AIG's Wilmington Finance unit to cease wholesale mortgage originations
AIG has said that its Wilmington Finance unit, which specialises in nonconforming loans, will cease wholesale mortgage originations effectively immediately.
Perkins Slade rebuffs takeover move
Perkins Slade has called off merger talks with Oval.
ABI: public backs need for more flood action
One year on from 2007’s floods three-quarters of people think that not enough is being done to tackle flooding, according to opinion research published today by the Association of British Insurers.
Airmic 2008: Insurer highlights IP issues
Miller Insurance Services has highlighted the issues surrounding the protection of intellectual property.
Airmic 2008: Major losses increasing
Major losses are growing in size, frequency and complexity, and the way they are handled is also changing, according to today's speakers at the Association of Insurance and Risk Managers Conference in Edinburgh.
Airmic 2008: Insurers back 90 day moratorium
Seven insurers have thrown their support behind an Association of Insurance and Risk Managers initiative to limit the potential use of ‘reservation of rights’, a device that puts the policyholder on notice that the insurer may not accept liability for a…
Airmic 2008: Risk managers warned over jargon
Risk managers and other professionals sometimes fail to get buy-in from directors, senior managers and other colleagues because they use inappropriate language or ineffective methods of communication, the conference heard today.
Airmic 2008: ERM benefits shown for first time
Enterprise Risk Management can be shown to significantly reduce the net risk exposure of organisations and to support improved decision making, according to the findings of a major study commissioned by the Association of Insurance and Risk Managers…
Airmic 2008: Claims index on track
The Association of Insurance and Risk Managers is to bring out a guide for commercial insurance buyers, highlighting the hallmarks of best claims practice. The publication, expected to be ready by the end of the year, will also assist Airmic as it moves…