Industry responds to CMA calls for shake-up of audit market
The Competition and Markets Authority has called for a shake-up in the UK audit market to address “serious competition problems” in the industry. It says legislation is needed to address both the vulnerability of the industry to the loss of one of the Big Four, and current inadequate choice and competition.
Notre-Dame fire: Investigation begins
An investigation is underway in Île de la Cité in Paris after a devastating fire engulfed one of the capital’s most historical and beloved buildings, the Cathédrale Notre-Dame. According to local media, the police are working on the assumption that the fire was accidental and possibly related to ongoing renovation works at the site.
Activists set sights on Heathrow
As they continue to risk alienating the very people they need to support their cause, environmental campaigners continue to cause disruption in London, on the fourth day of protests in the capital. The group responsible for organising the demonstrations is said to be setting its sights on Heathrow Airport tomorrow, Friday, potentially disrupting Easter holiday plans for thousands of people over the weekend.
Govt announces £200m for British businesses in Brexit pledge
Firms across the UK are to benefit from a further £200m in government support to ensure that they can access the finance they need to grow. As the UK leaves the EU and the relationship with the European Investment Fund changes, the government has said it remains committed to ensuring that innovative firms can access the finance they need to grow.
Norton Rose Fulbright in landmark mesothelioma ruling
Global law firm Norton Rose Fulbright has advised Equitas in its successful appeal from an arbitration award, marking the first reinsurance case before the courts to consider the presentation of reinsurance claims arising out of mesothelioma liabilities involving the so-called Fairchild enclave.
WTW joins RUSI programme
Willis Towers Watson has joined forces with the Royal United Services Institute to support its Modern Deterrence Programme, which investigates the changing threat to Western societies. The Willis Research Network will engage with the four-year long RUSI Programme to support a platform and research hub for governments, the private sector and civic organisations to investigate modern deterrence.
Risk Management Awards: Open for entries
The Risk Management Awards 2019 are open for entries. Celebrating excellence in the field of risk management, these awards are the pinnacle of achievement in your sector – recognising the people, products and programmes that have contributed the most to the sector over the past year.
2018 heatwave behind rise in subsidence claims
Insurance claims for subsidence have risen sharply following last year’s heatwave, according to the Association of British Insurers. Commercial claims rose by more than 200%, while subsidence relating to domestic properties bumped up claims by around 400% in volume and 350% in value, the highest quarterly rise since records began.