Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman
Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada. A summary of these new hires follows here. Legacy...
FERMA Launches Risk Management Tool for Remote Working
Jan 28 2022 // The Federation of European Risk Management Associations (FERMA) has launched a simplified guide to risk mapping for remote working. The tool consists of a simple questionnaire that organizations of any size can use. Using...
Alera Group Acquires Texas’ Heritage Risk Management
Jan 28 2022 // Alera Group has acquired Heritage Risk Management, a Lubbock, Texas-based network of independent risk management agencies serving clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage Risk...
In 2021, Risk Managers Median Salary Hit $135K in U.S.; $120K in Canada
Jan 25 2022 // Risk professionals at all levels in the United States experienced an average 14.4% base salary increase in 2021 compared to 2019, while Canadian practitioners experienced an average 18.8% increase in the same period,...
Alera Group Acquires Texas-Based Heritage Risk Management
Jan 20 2022 // Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of independent risk management agencies which serve clients throughout Texas, Oklahoma,...
People Moves: Actuarial Risk Management Names Cummings as Senior Consulting Actuary; Rockford Adds Pair
Jan 19 2022 // Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary Actuarial Risk Management, a actuarial consulting firm, has addedTerrence Cummingsas senior consulting actuary. In this new role, Cummings will...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims
Jan 13 2022 // A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in...
WTW Launches Crisis Management Business Unit for Security Risk Management
Jan 12 2022 // Willis Towers Watson announced the formation of a new Crisis Management unit with the merger of Special Contingency Risks (SCR) and the Terror and Political Violence teams, which will sit within its Financial Solutions...
Arthur J. Gallagher Acquires Illinois’ Tave Risk Management
Dec 15 2021 // Arthur J. Gallagher & Co. has Chicago-based Tave Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000, Tave Risk Management, LLC is a retail property/casualty broker and risk advisory firm...
RMS Working with Canopius to Enhance Climate Change Risk Analysis with RMS Climate Change Models
Dec 14 2021 // LONDON – 13th December, 2021 – RMS, the world’s leading catastrophe risk solutions company, is working with leading global specialty (re)insurer Canopius to develop and enhance Canopius’ climate change risk...
Greensill’s Business Model Risks ‘High Level of Harm’; New Rules Needed: UK Watchdog
Dec 3 2021 // The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and tighter rules are needed, Britain’s Financial Conduct Authority said on Friday. The...
China’s Regulator Issues New Rules for Risk Management of Insurance Groups
Nov 30 2021 // China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate their investments...
Infrastructure Package Could Deliver Louisiana Billions in Repairs, Coastal Storm Risk Management
Nov 16 2021 // Members of Congress are still bickering over the wisdom of passing a $1 trillion infrastructure package, but Louisiana lawmakers and state officials have moved to developing plans for spending the influx of cash for roads,...
New York Issues Final Guidance to Insurers on Managing Risks of Climate Change
Nov 15 2021 // The New York State Department of Financial Services (DFS) has issued final guidance to New York-regulated domestic insurers regarding their management of the financial risks from climate change. After issuing a proposed...
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
Nov 1 2021 // In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk...
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker
Oct 21 2021 // In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk...
Marsh McLennan Launches Cyber Risk Analytics Center
Oct 14 2021 // Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and...
Are Public, Private Partnerships the Answer to Cybersecurity’s Risk Management Problem?
Oct 13 2021 // Powered by InsuranceJournal.tv The Biden Administration is increasingly prioritizing growing ransomware threats as a risk management problem, according to guests on the latest episode of The Insuring Cyber Podcast. This...
Arrow Risk Management Launches MGA Platform, Led by Former Barbican Executives
Oct 7 2021 // Arrow Risk Management announced the launch of its new MGA underwriting platform, led by Jon Godfray as chief executive officer and Mark Harrington as chief underwriting officer. The Arrow Risk platform provides a efficient...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Oct 4 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
