risk managers News

Risk Managers’ Top 3 Concerns: Interest Rates, Currency Markets, Regulations

Interest rates, volatile currency markets and changing regulations are the top three things keeping risk managers from their sleep. Those are the conclusions summarized in an article on the Lloyd’s web site that revues the findings of the “The Risk …

Aon Launches Risk Pooling Practice for Public, Private Sector Groups

Aon Risk Solutions, the global risk management business of Aon plc, has formed the Aon Risk Solutions’ Risk Pooling Practice, providing property, casualty and employee benefits pooling products for private and public sector organizations that make group purchasing decisions. The …

Corporate Insurance Buyers Preparing for Hardening P/C Market: Survey

A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market. Professional services company Towers Watson’s annual survey also found that while enterprise risk management (ERM) programs are in …

Europe’s Risk Managers Concerned by Social Media Reputation Damage

The U.S. isn’t alone in having to deal with the increased threats from social media and the potential they pose to reputation risk, as well as the protection of confidential information. These risks are also becoming more significant for European …

FERMA’s President on the Risk Managers’ Role, Transparency, Innovation

Peter den Dekker has been a busy man. However, the President of the Federation of European Risk Management Associations* (FERMA) took time out to talk to the IJ on the expanding role risk managers are playing in these troubled times, …

Malta, Slovenia Risk Management Associations Join FERMA

The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). Their adhesion brings to a total of 19 the number of countries whose risk …

FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions

The Federation of European Risk Management Associations (FERMA) has issued a response concerning the revised European Insurance Mediation Directive (IMD), which states that it “should incorporate binding standards of transparency for brokers in their relationship with insurance buyers no matter …

Risk Managers Like, Don’t Like, Obama Budget Reinsurance Proposals

Risk managers have found things to like, and not like, in President Barack Obama’s budget proposal for the 2012 fiscal year. The Risk and Insurance Management Society (RIMS) expressed its continued opposition to a proposal in Obama’s blueprint that caps …

Think Soft Market Is Over? Think Again

Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile. According to the RIMS Benchmark Survey,  directors and officers liability (D&O) was the only …