Risk Management News

UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC

UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one of the top threats to their businesses, warns PwC’s Cyber Security practice. Almost three-quarters (74%) of chief executive officers in …

RSA Appoints Stewart as Chief Risk Officer for UK and Western Europe

London-based RSA has appointed Doug Stewart to the new role of chief risk officer for the UK and western Europe. Stewart will be responsible for the governance of significant risks to the UK and Western European businesses, including strategic, insurance, reputational, operational …

Climate Change, Migration Top List of Global Risks: WEF Survey

Climate change and large-scale forced migration are the greatest risks facing the world according to a survey by the World Economic Forum, the organizer of next week’s meeting in Davos. The 2016 report, published Thursday, highlighted the most significant threats …

Allianz Global Creates North America Crisis Management Unit

Allianz Global Corporate & Specialty (AGCS) announced it has launched a Crisis Management division to assist its North American clients. Marcos Garcia Norris has been named crisis management regional practice group leader, North America. He is based in Chicago. This …

Largest U.S. Electric Company On Alert for Cyberattacks

The country’s largest electricity company is on alert for cyberattacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats, the Duke Energy Corp. executive heading electronic protection efforts said. Duke …

Guinn and Luck Elected to Allied World Board of Directors

Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the company’s annual shareholder meeting to be …

Cyber Attacks on Private Sector a Growing Corporate Credit Risk: Moody’s

Cyber attacks on the private sector are an increasingly important risk in corporate credit analysis, U.S. ratings agency Moody’s Investors Service said this week. The threat of computer hacking varies from sector to sector and remains hard to measure because …

Brazil Mining Disaster to Lead to Stricter Insurance Standards, Oversight

Brazil’s worst mining accident will lead to stricter insurance standards under a revised version of an industry bill first introduced to Congress two years ago. The cost of damage to communities, loss of life and environmental consequences from the Nov. 5 dam failure …

Mine Disasters Show Real Cost of Using Cheap Solutions for Waste Storage

As miners globally review the way they store waste in the wake of another horrific dam spill, the solution may be as simple as it is dramatic: spend a lot more. Images of sludge spewing into towns and rivers could …

UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism

Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare Britain’s police forces, as Europe braces for further attacks from Islamist extremists. The …