Mark James has been named CNA’s Chief Risk and Reinsurance Officer. He assumes leadership for CNA’s Enterprise Risk Management function and maintains leadership for the Global Reinsurance team. Prior to joining CNA in April 2018, James held the position of …
Tokio Marine Kiln (TMK), the London-based specialist and corporate insurance business, launched Cyber Ctrl, a new insurance and services policy to protect clients against the impact of cyber attacks. Addressing an overwhelming demand for more comprehensive coverage and prevention services, …
How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …
Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman Chen Wenhui of the China Insurance Regulatory Commission (CIRC) …
Zurich-based Tokio Millennium Re AG (TMR) has appointed Andreas Kull to the role of chief risk officer (CRO) and member of the executive committee, effective immediately. Andreas Kull will succeed Akira Higuma, current CRO, who after five years at TMR …
Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management solution, designed to meet the needs of middle-market and …
Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor’s Ratings Services, despite the many competitive pressures it …
Since the Aug. 11, 2015 withdrawal of PaCRe Ltd.’s financial strength rating and issuer credit rating at the company’s request, A.M. Best said there has been considerable speculation about A.M. Best’s view on these hedge fund-sponsored reinsurers. A.M. Best said …
Businesses are putting themselves in danger by neglecting or avoiding formal risk management processes, according to a new study by the Enterprise Risk Management Initiative at North Carolina State University on behalf of the London-based Chartered Institute of Management Accountants …
The “casualty catastrophe” is perhaps the most daunting threat that casualty (re)insurers face today, according to GCCapitalIdeas.com, Guy Carpenter’s thought-leadership blog. Casualty (or liability based) catastrophes have become increasingly frequent and severe over the past decade, exposing (re)insurers to much …
