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Business Continuity Awards 2010

 

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2010-01-06
€1.25m compensation for construction worker
Penningtons Solicitors have won a €1.25 million compensation claim for construction worker William Kane

2010-01-06
Corporate governance undeveloped in UAE, says Marsh
Corporate governance requires more attention in UAE, where compliance and enterprise risk management are increasing in relevance

2010-01-06
Scottish Government adopts risk management approach
The Scottish Government's Improvement Service has taken a new approach to risk management

2010-01-05
HMRC issues online alert for businesses
VAT-registered businesses told to prepare for changes to VAT return filing and payment

2010-01-05
Crawford makes senior management changes
Charles Ogburn named new non-exec chairman at Crawford & Company

2010-01-05
Winter warnings not just for the Met
Employee absenteeism because of bad weather could cost £230 million

2010-01-05
Unnecessary change stunts business growth in Europe
A preoccupation with personnel and structural changes risk business growth, says a new report

2010-01-04
A new COO for Liberty
Liberty has appointed Kirk Maddern to the position of chief operating officer

DECEMBER

2009-12-23
ICM acquires Office Shadow UK
ICM Business Continuity Services has acquired the UK division of Office Shadow

2009-12-21
Caddick joins risk and BCM team at PwC
Martin Caddick has left Marsh to head up business continuity management at PricewaterhouseCoopers

2009-12-17
QBE buys Evergreen
QBE European Operations has purchased the Evergreen portfolio from Lloyd's underwriting agency, MSP

2009-12-17
"Chaos and despair" as Copenhagen summit comes to a close
An appearance of "chaos and despair" among delegates and few signs of progress towards a global consensus, says Datamonitor

2009-12-15
PwC attains BS 25999 certification
PricewaterhouseCoopers LLP has gained certification to BS 25999, the UK standard for business continuity management

2009-12-14
Mega International: new software launch
Enterprise architecture firm, Mega International has launched a new software product

2009-12-14
NORIMA joins FERMA
Norwegian Risk Management Association, NORIMA, joins the European Risk Mangagement Association, FERMA

2009-12-14
British Airways cabin crew set to strike
Cabin crew at UK-based airline British Airways are scheduled to go on strike over Christmas period

2009-12-10
Business continuity strategies not getting through to staff
Almost two thirds of staff don't know their company business continuity strategy according to data resilience firm Adam Continuity

2009-12-09
Novae Re announces new motor and liability head
Novae Re appoints Tomlinson to motor and liability head

2009-12-09
Darling's employment tax will hit small firms hard
A small business support group has hit out at the hike in National Insurance Contributions announced as part of today's Pre-Budget Report

2009-12-08
Ratsma to lead BCM at Marsh
Marsh has appointed Rod Ratsma as Leader of its UK business continuity management team

2009-12-01
P&C may drop 10% in 2010
Marsh forecasts that P&C insurance rates could fall by up to 10% in 2010

2009-12-01
AIG: What's in a name?
AIG completes its transformation to Chartis UK

2009-11-30
IBM acquires Guardium
IBM has acquired database monitoring and protection provider Guardium

2009-11-27
Swine flu: WHO update
World Health Organisation issues its 76th update since an "influenza-like illness" was reported in the US and Mexico in April

2009-11-26
Government welcomes Walker Review reforms
The Government says it will move quickly to implement the reforms of bank pay and governance proposed by Sir David Walker

2009-11-26
Marsh signs motor fleet deal with UDrive Solutions
Marsh has signed an exclusive agreement with UDrive Solutions to offer driver and motor fleet assurance products

2009-11-25
Bank charges decision may not benefit SMEs
Small firms set to be overlooked in expected decision on bank charges

2009-11-24
Swiss Re launches H1N1 mortality bond

Swiss Re announces $75m of extreme mortality risk protection, including cover for H1N1

2009-11-21
Flooding: a checklist for business recovery
Marsh outlines the immediate recovery actions for businesses affected by flooding

2009-11-20
Mutation of H1N1 detected in Norway
WHO: Mutation of H1N1 virus has been detected, public health significance as yet unclear

2009-11-20
Energy insurance market to soften in 2010
Insurer competitiveness and high capacity will make for a softer market for energy firms in 2010

2009-11-19
Insurer appetite wanes in food industry
Aon: insurers may reduce the amount of capital they're willing to commit to the food industry

2009-11-19
Energy supplies pose potential new risk for businesses
Businesses face potential new challenges in securing energy supplies as a result of the economic climate

2009-11-19
Maltby to head up operations at Markel
Markel International has appointed Hugh Maltby as operations director

2009-11-19
New social and security issues make for a complex risk terrain in 2010
Uneven and uncertain economic recovery, coupled with new social risk and security issues will present business with a more complex risk terrain over the coming year

2009-11-18
Biggest challenges to back up revealed

Time to recover and reducing cost the biggest back up challenges, according to a recent poll

2009-11-17
Allen named new Aon COO
Ex-Prudential COO Simon Allen moves to Aon

2009-11-12
SunGard to launch new risk assessment software
SunGard announces the imminent launch of a new risk assessment software module

2009-11-12
Canopius boosts global property team
Derek Hansen has been appointed as direct and faculatative underwriter in Canopius' global property team

2009-11-11
PageOne secures exclusive Cabinet Office deal
PageOne has secured an exclusive agreement with the Cabinet Office to supply MTPAS-enabled 2-way pagers to Category 1 & 2 responders

2009-11-11
Chloride acquires Emergency Power Systems
Chloride continues its expansion with the purchase of standby power solutions manufacturer, Emergency Power Systems

2009-11-10
Poor customer service costs utilities and FS firms £
2bn a year
Long waiting times and shoddy customer service could cost utilities and FS firms dear as customer loyalty wanes

2009-11-09
IUA: banking and insurance policies must be different
All UK financial services policies must clearly recognise that banking and insurance are different activities with different risk profiles, says the IUA

2009-11-06
Public procurement research reveals postcode lottery for council suppliers

A study by the Forum of Private Business (FPB) has revealed vast differences in the amount of time British councils take to pay their suppliers

2009-11-03
Crawford appoints new COO
Crawford & Company appoints Brian Clark as COO for CEMEA

2009-11-04
BT: UK businesses prioritise technology to overcome downturn
Almost half of senior executives in large UK companies see investment in new technologies as one of their key priorities, according to BT Global Services Group

2009-11-03
New environmental consultancy formed
New alliance in environmental consultancy forms the Environmental Scientifics Group

2009-11-03
Tougher standards for the European insurance industry

Tougher standards are required for the European insurance industry, says CEIOPS

OCTOBER

2009-10-29
Surge in D&O due to IPOs, says Marsh

IPO and capital raising activity behind surge in interest in D&O, according to broker Marsh

2009-10-29
Towers Perrin: Solvency 2 clock ticking
This week represents a milestone in planning for Solvency 2, warns Towers Perrin

2009-10-28
Curtis appointed Marsh COO
Marsh gets senior management shake-up with appointment of new COO

2009-10-27
Send Word Now to launch new service offerings
Emergency notifications services provider, Send Word Now is to launch new service modules

2009-10-27
Aon to cover for building closure due to pandemic

Broker Aon is now offering cover for costs incurred in the event that buildings or surrounding areas are officially closed due to a pandemic

2009-10-26
Guardian hack highlights identity theft risk

Consumers and companies continue to be a prime target for criminal hackers, following Guardian hack

2009-10-22
Royal Mail defends staff vetting procedures
Royal Mail issues a statement defending vetting procedures in the run up to seasonal staff hires

2009-10-22
Chloride launches new energy efficient UPS
Chloride launches Trinergy, its most energy efficient Class 1 UPS

2009-10-21
Palisade reports 241% growth in MENA region
Risk analysis firm sees sales revenues jump in Middle East and North Africa

2009-10-21
Foreman to head up RFIB Marine
RFIB appoints Simon Foreman as divisional director at RFIB Marine

2009-10-21
Hard drive data destruction service launched
Shred Easy launches a new hard drive destruction service

2009-10-19
Langridge new JLT Asia chairman
JLT appoints Anthony Langridge as chairman of its Asia operations

2009-10-13
Miller boosts professional risks team
Miller appoints Tony Kavanagh to its professional risks team

2009-10-12
SunGard launches private cloud
SunGard Availability Services has today launched SunGard-as-a-Service, a fully managed private cloud service in the UK

2009-10-08
Mesothelioma warning ahead of predicted peak
Research highlights organisations at risk of abestos exposures ahead of predicted claims peak

2009-10-08
BSI publishes guidance for lone workers
BSI has published a code of practice for the provision of lone worker device services

2009-10-06
Dual Ireland opens for business
Dual Corporate Risks opens its Irish branch today

2009-10-05
XL: Netherlands launch
XL has launched an insurance offering to Netherlands-based Middle Market companies

SEPTEMBER

2009-09-30
Colraine takes up COO post at AIG
AIG UK appoints Tom Colraine to the role of chief operating officer

2009-09-30
Willis acquires Argentina businesses
Broker Willis has acquired 100 per cent of its Argentinian operations' share capital

2009-09-29
Torus sets sights on Bermuda
Torus has opened an MGA in Bermuda

2009-09-28
XL Re completes move to ACORD
XL Re becomes first London Market reinsurer to complete ACORD standards implementation

2009-09-25
Energy bill set to increase dramatically for UK businesses
Over 20,000 UK companies are to face increases in overall energy costs of at least GBP55,000 from next year, insurer RSA says

2009-09-21
New recovery centre to be launched in Edinburgh
A new 200-seat recovery centre will open next month in Edinburgh

2009-09-18
Chubb: Corby case warning to construction industry
Chubb warns of the wider implications of a recent High Court remediation ruling

2009-09-18
Marsh acquires Bermudan based IAS
Marsh has acquired International Advisory Services (IAS), Bermuda's largest independent captive management firm

2009-09-16
SMEs face raft of legal changes
The Forum of Private Business has launched a guide to help small businesses comply with upcoming changes to employment law

2009-09-16
BSI launches online data protection tool

BSI has launched a new online tool for personal information management

2009-09-15
Iron Mountain appoints new senior vice-president

Iron Mountain has appointed Peter Eglinton as new senior vice-president of its UK, Ireland and Norway operations

2009-09-14
BIBA welcomes Tory clarification on FSA plans
The British Insurance Brokers' Association has welcomed the shadow chancellor's clarification of FSA comment

2009-09-14
Ferris new Dual CUO
Paul Ferris has been appointed as new chief underwriting officer of Dual International

2009-09-10
UK D&O premiums yet to reach US highs

US financial institutions saw premium increases of 15% on average in Q2, according to Aon's Quarterly Directors & Officers (D&O) Pricing Index

2009-09-10
Zurich urges change in attitude towards climate issues in Asia

Zurich is warning that environmental and health risks set Asia apart from other continents. And not in a positive way

2009-09-09
BT widens business continuity offering

BT Global Services has launched a series of new business continuity offerings

2009-09-09
Crouch new head of JLT's terrorism unit
Jardine Lloyd Thompson appoints Kelly Crouch as head of its terrorism unit

2009-09-07
Food security risk: USA most stable
A new Food Security Risk Index shows the USA as the world's most stable food supplier

2009-09-03
Government publishes swine flu planning assumptions

The Cabinet Office has today published a revised set of planning assumptions for A(H1N1) swine flu

2009-09-03
Free business continuity toolkit launched
Insurer initiative launches free business continuity planning toolkit for SMEs

2009-09-03
K&R cover could escalate within weeks
The recent lull in Gulf of Aden pirate attacks has resulted in a rate reduction of about 30% on kidnap and ransom cover, but not for long, warns Aon

2009-09-02
Swine flu: crumbs of comfort?

Concerns over mutation of the swine flu virus may be eased following new research

2009-09-02
Gloomy outlook for insurance industry
Negative outlook set in for global insurance industry, according to Fitch Ratings

2009-09-02
Bob Foster joins Crawford
Bob Foster has joined Crawford to direct the company's Lloyd's strategy

2009-09-01
Businesses fighting for flat energy renewals
Medium sized business fighting for flat renewals; complex and large business beholden to market appetite, according to Aon

2009-09-01
Fire claims spike
ABI: Fire damage costs are at their highest since records began

2009-09-01
Markel expands into Canada

Markel International expands into Canada with its acquisition of Elliott Special Risks

AUGUST

2009-08-27
BSI publishes new information security standard

UK standards and assessment body, the BSI, has published a new standard which complements BS ISO/IEC 27001

2009-08-26
Increased human rights risk for emerging economy businesses

Human rights violations pose significant risks to business in emerging economies, according to new reports

2009-08-26
Excess capacity suppressing insurance rates
Insurance premium rate reductions slowed for property and casualty business across EMEA in the first half of 2009, says Marsh

2009-08-25
Climate Camp "swoops" on London

Disruptions may be possible in the capital this week as protestors get ready for this year's Climate Camp for Action protests

2009-08-25
US P&C insurers' investment losses unlikely to be long-term risk to credit
Asset exposures and the capital impact of investment losses have become more prominent contributing factors in recent negative ratings for insurers, says Fitch

2009-08-25
Willis HRH names new North American president

Vic Krauze named as new president of Willis' North American retail brokerage

2009-08-24
Recession gets taken out on insurance
The credit crunch spells lapsed or reduced cover, according to insurance group, Aviva

2009-08-24
PageOne launches new emergency notification system
Mobile messaging solutions provider, PageOne, has launched Voiceblast, a new emergency notification service

2009-08-21
Pirelli risk manager appointed to FERMA board
Jorge Luzzi, global director of risk management for the Italian based industrial group Pirelli, has been appointed to the FERMA board

2009-08-14
One small step as first Lloyd's Exchange message sent
The first live message has been sent across the live Lloyd's Exchange

2009-08-14
CNA Europe appoints new CEO

John Hennessy has been appointed as new CEO of CNA Europe

2009-08-13
PI rates expected to plateau for large law firms

Sound risk management and insurer competition to keep professional indemnity costs flat for large law firms, according to Marsh

2009-08-13
MoD flaw down to XSS vulnerabilities, say experts

The ongoing problem of cross site scripting (XSS) flaws has hit the Ministry of Defence, according to experts

2009-08-12
Rating agency reaffirms stable outlook for Lloyd's
Standard and Poor's reaffirms A+ rating for Lloyd's

2009-08-11
Companies crack down on risky suppliers

Economic conditions force companies to apply more stringent assessment of supply chains

2009-08-10
Slack steps down from BIBA board

BIBA announces the retirement of Mike Slack after seven years with the association

2009-08-04
ISO risk management standard approved
The International Organization for Standardization has endorsed the first international standard for risk management, available in October

2009-08-03
Aon: look to France for credit insurance advice
UK government could breathe new life into the once promising credit insurance scheme by following in the French government's footsteps, says Aon

JULY

2009-07-31
Fury over 'scandalous' tax on businesses' own parking spaces
The Forum of Private Business today said it was 'furious' over the introduction of a 'scandalous' tax on businesses' own parking spaces

2009-07-30
Crossrail funding could risk London's recovery
GLA's plans may harm the capital's recovery, says the British Retail Consortium

2009-07-29
Swine flu frenzy: BIBA offers advice to travellers
BIBA is offering consumer help on evidencing swine flu insurance claims

2009-07-28
Economy dominates risk thinking
A new report finds companies ill at ease with external threat pressures

2009-07-27
Industry working group sets out vision for UK insurance
Insurance Industry Working Group publishes report into challenges and opportunities

2009-07-27
Insurers spending millions on invalid storm claims
Insurers could be spending more than GBP100m a year for wind-storm claims that are simply caused by poor maintenance, says Cunningham Lindsey

2009-07-24
Fitch confirms Lloyd's A+ rating
Ratings agency Fitch confirms Lloyd's A+ rating with stable outlook

2009-07-23
Workplace tension continues amid unstable employment landscape
Recession stimulates a 22% rise in unfair dismissal conciliation cases

2009-07-22
GSK develops new anti-viral face mask

Pharmaceutical giant GSK has developed a new face mask designed to protect wearers by inactivating viruses on contact with an innovative coating

2009-07-20
Mardon named as Torus CUO
Tim Mardon has been appointed president and CUO of Torus Re

2009-07-16
XL GAPS launches online solution
XL GAPS launches a new internet-based property loss prevention solution for commercial and industrial customers

2009-07-16
Bank boards to face increased risk responsibilities
A review of corporate governance in the UK banking industry may bring sweeping changes to the way banks are run

2009-07-08
Firms told to prepare as swine flu cases mount
The CBI has urged firms to consider contingency measures such as remote working

2009-07-08
PartnerRe expands with Paris Re buy
The $2 billion deal lifts the Bermuda reinsurer to the world's fourth-largest

2009-07-08
IUA: Don't 'gold-plate' Solvency II
The FSA has been warned that additional regulation is not needed and will jeopardise the UK's status as a business location

2009-07-08
Report warns on Chubb's D&O losses
The financial markets crisis and the recessions could swamp the insurer's reserves, says Barclays Capital

2009-07-08
Bennett Underwriting Agencies joins Catlin
The Lloyd's insurer has acquired the Hitchin-based agency, which specialises in professional indemnity

2009-07-08
Zurich's carbon capture products spark interest
The insurer says a number of companies around the world have responded since the January launch

2009-07-01
Financial failure tops supply chain concerns
The credit crunch has placed it top of the risk agenda, a report suggests

2009-07-01
Capital ''returning to reinsurance market''
Fears of rate hikes and a capacity crunch are largely unfounded, a mid-year report finds

2009-07-01
Merger to form consultancy giant
Towers Perrin and Watson Wyatt have agreed to join forces

2009-07-01
IUA chief warns of regulatory backlash
Stephen Riley said the London insurance market could suffer the impact of restraints on banks

2009-07-01
FERMA voices reservations over Solvency II
Its new president says European insurance buyers still have concerns over the new capital adequacy regime

2009-07-01
Companies call for relaxation of best practice code
Blue chips want the ''comply or explain'' mechanism to be replaced

2009-07-01
Beazley launches US cover for data breaches
The Lloyd's insurer says healthcare and educational groups are increasingly at risk

2009-07-01
Alarm launches risk modelling tool for public sector
The National Performance Model for public services risk management is part of a benchmarking programme

JUNE

2009-06-24
Police apply anti-terror measures to cybercrime

Regional squads will be developed, in response to claims that the police must do more to combat online crime

2009-06-24
Pensions Regulator offers leeway on deficits
Companies have gained some concessions, but other CBI requests were rejected

2009-06-24
Insurers ''see wind power as major growth area''
The industry is increasingly bullish on the prospects for new projects, says Willis

2009-06-24
Long hours culture ''harming employees''
Aviva reports that the credit crunch has added to stress among workers

2009-06-24
Law firm urges compensation claims against late payers
Businesses should use their right to claim interest and compensation from late payers, says Lovetts

2009-06-24
Flood and coastal erosion guidelines published
Government department Defra has issued a policy statement for local authorities

2009-06-24
D&O costs mount on both sides of the Atlantic
More lawsuits are being filed in the US, while UK firms are buying higher limits

2009-06-18
Claims protocol nears agreement

AIRMIC has announced an initiative to speed up claims payments to firms whose cashflow is affected by major losses

2009-06-18
European firms offered risk financing platform
A risk financing decision platform, already offered to Aon's US clients, is being launched in Europe

2009-06-18
Firms put overseas expansion on hold
British companies are putting their ambitions to grow internationally on hold because of the recession

2009-06-18
Firms admit IT firewalls are inadequate
A survey of IT security professionals yields alarming results

2009-06-18
Financial sector keeps cap on RM budgets
European financial institutions are paying more attention to risk, but fewer have increased their risk management spending

2009-06-18
Major companies 'change risk management strategy'
The chief executives of multinationals admit that the recession caught them napping

2009-06-10
Electronic progress in London insurance market
But brokers and underwriters have different views on how ePlacement should work

2009-06-10
Financial firms' risk management still flawed

A survey by Deloitte finds many firms still fail to carry out adequate testing

2009-06-10
Jewellers urged to guard against theft
A continuing recession means raids are likely to be more frequent, says Aon

2009-06-10
WHO mulls pandemic status for swine flu
The World Health Organisation's chief plans to consult with governments

2009-06-10
Trade credit insurance scheme widened
The government has bowed to business calls to extend eligibility to more firms

2009-06-10
BrightStar sets out its stall

John McLaren-Stewart's new venture launches after two years in development

2009-06-03
Recession sparks phenomenon of presenteeism

Job fears have made workers more conscientious, a survey suggests

2009-06-03
Pension buyout market 'to halve this year'

But more companies will seek to transfer pension scheme risk, a report predicts

2009-06-03
Map shows shift in terrorism threat

Aon's latest Terrorism Threat Map indicates South Asia has become more hazardous

2009-06-03
Amlin pays €350m for Fortis Corporate Insurance

The latest purchase will strengthen the Lloyd's insurer's presence in continental Europe

2009-06-03
Small businesses 'need skills council'

Many of the UK's micro firms have failed to take advantage of grants and schemes

2009-06-03
EC aims for cross-border supervision in 2010

The proposed new system looks set for fast-track approval

MAY

2009-05-20
SunGard urges firms to adopt stress testing

The group says that risk managers can follow three basic steps to improve accuracy

2009-05-20
ABI's director general accepts new post

Stephen Haddrill is named new chief of The Financial Reporting Council

2009-05-20
Remuneration guidelines 'are being ignored'

Businesses have paid little heed to FSA recommendations, a survey shows

2009-05-20
Warning on workplace bullying

Complacent bosses are told they are storing up problems for the future

2009-05-20
Lloyd's wins Portugal licence

The insurance market has opened an office in Lisbon

2009-05-20
Lloyd's 'weathered storms in 2008'

A report praises the insurance market's conservative investments and robust risk management

2009-05-20
Product contamination insurance launched

XL Insurance will offer cover to BRC-certified producers

2009-05-13
ISPs called upon to police users
A creative industries coalition wants tougher action against online piracy

2009-05-13
Occupational crime on the rise
New figures suggest that the recession is fuelling more incidents of fraud

2009-05-13
Brussels slaps EUR1bn fine on Intel
The world's largest chipmaker is accused of abusing its market position

2009-05-13
Safety warning for at-work drivers
A report suggests that some employees resist requests for personal details and vehicle data

2009-05-13
US signals crackdown on competition abuse
The new policy will reverse the Bush stance of non-intervention

2009-05-13
More charities 'support self regulation'
The FRSB says its scheme launched two years ago has helped limit the number of complaints

2009-05-13
Risk managers 'ready for pandemic'
An AIRMIC survey shows most companies have contingency plans in plac

2009-05-13
FSA fines Morgan Stanley for risk control failure
The watchdog has fined the firm £1.4m after a trader covered up losses

2009-05-06
EU Council approves Solvency II

The directive passed another milestone towards implementation in 2012

2009-05-06
MPs target "phoenix" insolvencies

Creditors are being cheated by abuses of the system, they allege

2009-05-06
SEC brings first CDS insider trading case

The landmark case alleges confidential information was passed to a hedge fund manager

2009-05-06
ABI issues its flood protection blueprint

It says the Environment Agency should have a statutory duty to reduce flood risk

2009-05-06
FSA planning sharp hike in fines

The watchdog's CEO says heavier penalties will deter financial wrongdoing

2009-05-06
Company warns of ''drainage disaster''

Many systems laid for post-war buildings are collapsing as they wear out

2009-05-06
Coface says credit crisis deepening

The credit insurer says the UK and Ireland are among the worst hit

APRIL

2009-04-29
WHO: Swine flu situation "evolving rapidly"
Little change to advice from the World Health Organisation, despite rapidly changing situation

2009-04-29
Consumer watchdogs have public's trust
A survey suggests the public is sceptical of other regulators' ability to maintain business ethics

2009-04-29
Willis Re launches catastrophe price index
The group says the new facility will track changes in the p/c reinsurance market

2009-04-29
Berkley names team for Lloyd's syndicate
The US group says Syndicate 1967 will open for business in June

2009-04-29
UK households to get swine flu leaflet
The government plans to launch an information campaign next week

2009-04-29
Report examines impact of climate change
A joint study by Lloyd's and the IISS focuses on four main areas and the resulting business issues

2009-04-29
Smaller firms "worst for worker deaths"
The building workers' union is campaigning for tougher penalties against companies that neglect safety

2009-04-29
UK firms waking up to data security
Well-publicised data losses by the government has moved the issue up the agenda, says Kroll

2009-04-22
China main culprit as product recalls rise

New figures show a 16% year-on-year rise across EU countries in 2008

2009-04-22
Fraud warning from the Pensions Regulator

The watchdog has called for whistle-blowers to report and suspicious activity

2009-04-22
Willis sees greater focus on insurer security

Buyers are valuing strength over pricing, its report suggests

2009-04-22
Fund set up to invest in European insurers

The Luxembourg-domiciled fund will take equity stakes to finance acquisitions and MBOs

2009-04-22
Economic downturn heads global risk table

The impact of the recession has displaced reputational risk as the top concern for companies worldwide, reports Aon

2009-04-22
Insurance fraud shows 17% jump

The ABI said the value of fraudulent claims last year was 30% up on 2007

2009-04-15
Budget initiative for supply chain cover cover

The government will help businesses suffering from the drought in the credit insurance market

2009-04-15
Firms 'should step up shredding'
Businesses are being urged to step up security when disposing of confidential information

2009-04-15
Pensions deficit breaks GBP250bn level
The total shortfall in March rose by 18% from a month earlier

2009-04-15
Debit card data is hackers' top target
Financial services companies are being singled out for attack

2009-04-15
Beazley's new chief has appetite for risk
Andrew Horton says the Lloyd's insurer aims to take on more catastrophe risk

2009-04-08
UK insurers 'to benefit from higher rates'
The property/casualty industry will see premiums harden further, says Moody's

2009-04-08
Italy quake losses 'largely uninsured'
The economic cost could reach E3 billion, but insured losses are estimated at E200 million to E400 million.

2009-04-08
Free insurance 'health check' for smaller businesses
Broker Aon says many companies going to the wall might have been saved by effective risk management

2009-04-08
Survey shows widespread job cuts in UK
British companies have been quicker to lay off staff than in other countries, a survey indicates

2009-04-08
Reinsurance rates rise for US p/c
Typical increases are 10% to 14%, according to a Guy Carpenter briefing

2009-04-08
FSA welcome for conflict of interest guidelines
The watchdog has indicated its approval of insurance industry-developed recommendations

2009-04-08
Alert on defined contribution pension schemes
Companies are warned on the hidden costs created by former employees

2009-04-05
Information security spending bucks recession
Companies plan to allocate more funding despite tighter IT budgets

2009-04-01
Solvency II moves a step closer
The directive now goes before the European parliament later this month

2009-04-01
S&P sees tough years ahead for P/C insurers
The ratings agency predicts that a combination of factors will limit growth

2009-04-01
Demand for reinsurance up, says Willis
Its latest report finds the market has held up relatively well

2009-04-01
Aon Benfield: 'Reinsurance p/c rates hardening'
The broker's latest review of the reinsurance market reports that April 1 renewals continue a trend

2009-04-01
Corporate Manslaughter Act prosecutions 'in pipeline'
The legislation, now one year old, is ''likely to gain more momentum''

2009-04-01
Business groups oppose Equalities Bill
Companies could be forced to disclose details such as the gender and race of employees

2009-04-01
China's watchdog wants tougher risk management
But the country's insurance industry is financially stable, he reports

2009-04-01
G20 leaders appeal on insurance regulation

Industry bodies are stressing that new rules for banking may be inappropriate for insurance

MARCH

2009-03-23
Total found liable for Buncefield blast

A high court ruling said the oil group was solely responsible for the December 2005 explosion

2009-03-23
Business Continuity Awareness Week begins
Broker Marsh is marking the event by offering SMEs a free checklist

2009-03-18
FSA calls on banks to hold more capital

The Turner review makes a series of proposals for tighter regulation of the financial sector

2009-03-18
Insured cat losses hit USD52bn in 2008
Europe escaped relatively lightly, Swiss Re's latest report shows

2009-03-17
Ransom disputes 'put crew at risk'

Piracy attacks on ships using the Gulf of Aden are an increasing scourge, says Chubb

2009-03-17
Free seminar examines BS25999
A presentation next month will review the new British Standard and business continuity

2009-03-12
Prospects bright for top-rank risk managers
A survey suggests remuneration will improve for the best, although some claim they lack influence

2009-03-12
Be afraid, FSA warns City firms
The financial sector's watchdog chief calls on shareholders and investors to be more questioning

2009-03-11
Hannover Re upbeat despite 'lost year'
The German reinsurer dipped into the red during 2008

2009-03-11
Actuaries called on to raise their game
Firms should speed up their drive to use ERM tools, says their professional body

2009-03-11
Employers' Liability Insurance Bureau proposed
An insurer of last resort, similar to the Motor Insurance Bureau, would be established

2009-03-11
FERMA takes a worldwide view
The 2009 Forum in October takes the global village as its theme

2009-03-10
Recession puts law firms in firing line
The top UK firms feel they are more exposed to risk, according to a survey

2009-03-05
Lloyd's promises more improvements
The insurance market reports that its modernisation initiatives are reaping benefits

2009-03-05
Scor strikes a note of confidence
The French reinsurer expects harder market conditions to endure for the next three to four years

2009-03-04
Local authorities praised for business continuity plans
Most are in a good state of preparedness, a survey suggests

2009-03-04
Mining losses affecting capacity and rates
While the energy insurance market is stable, mining companies face hardening rates says Willis

2009-03-03
AIG's transparency "has averted major problems"
The US insurer has been open about its problems, according to broker Jardine Lloyd Thompson

FEBRUARY

2009-02-27
Fraud insurance cover 'in need of revamp'
Policies tend to be backward looking and fail to address newer, more sophisticated frauds, claims Marsh

2009-02-25
Credit insurers 'displacing ratings agencies'
Companies need to actively woo insurers to maintain their credit lines, suggests Aon

2009-02-23
Financing gap threat on horizon, warns ACT
All but a handful of companies face an uphill struggle in securing investment capital

2009-02-18
UK rates for D&O liability harden
For companies in the worst-hit sectors, premium increases of up to 40% are possible

2009-02-18
Companies 'should be assertive' on pensions
Pension fund trustees demand more than is affordable, says PwC

2009-02-17
IT continuity management standard published
The BSI says BS 25777 can assist companies in surviving a crisis

2009-02-17
Supply chain disruption threat rose last year
A further 16 countries have joined those where supply chains are vulnerable, says Aon

2009-02-12
New tools for Basel II ICAP requirements
Oracle and SAP have added products that aim to improve firms' risk management

2009-02-12
ITGI invites comments on IT risk proposals
The non-profit body's new proposals are aimed at rounding out its IT risk governance guidelines

2009-02-10
Review to focus on bank corporate governance flaws
Alistair Darling says it should be more effective in holding executives to account

2009-02-10
European insurers 'maintain IT budgets'
Companies now regard technology as a means of reducing business costs, reports Celent

2009-02-10
Fitch anticipates more insurer downgrades
The agency says the sector has borne up to the financial crisis well, but is starting to feel the impact

2009-02-10
EU environmental liability law goes ahead
England will transpose the Directive at the start of next month, nearly two years behind schedule

2009-02-05
Swiss Re taps Warren Buffett for capital
The US investor will provide the group with SFr3bn in funding

2009-02-05
Aon Benfield offers online natural hazard info
The new website offers companies a hazard and risk science resource

2009-02-05
Lockton launches new risk management tools
The group says it is responding to security breaches from IT outsourcing

2009-02-04
Business 'has learned lessons of floods'
Companies are showing greater resilience in coping with bad weather, says SunGard

2009-02-04
Profits squeezed at Munich Re
The reinsurance giant says it is satisfied with its earnings for 2008

2009-02-04
Report predicts more insurance sector M&A
Sluggish growth will spur further consolidation, says a report

2009-02-03
KMPG warns of soaring corporate crime
The group says the level recorded last year was a 13-year high

2009-02-03
Snow disruption 'costs economy £1.2 billion'
A prolonged cold snap could push 2,000 to 3,000 firms out of business, says the FSB

2009-02-03
Rise in unfair dismissal claims
The economic downturn has seen more claims arising from redundancies, reports Hiscox

JANUARY

2009-01-29
Credit crunch drives political risk higher
Aon's annual political risk map places seven countries in a new higher risk category

2009-01-29
RIMS says ERM could have mitigated crisis
The US association reports that companies failed to use key risk management techniques

2009-01-28
Klaus may cost insurers up to Eur700 million
The winter storm that crossed France and Spain was less destructive than Martin in 1999

2009-01-28
Zurich issues recession checklist
The insurer says commercial properties are at greater risk during the downturn

2009-01-28
Fewer traditional Names at Lloyd's
Lloyd's of London has seen its corporate mebership rise, but active individual members are 15% down on last year

2009-01-28
Business toolkit will combat IP crime
A government-backed best practice toolkit will combat counterfeiting and piracy

2009-01-27
Survey indicates return of hard market
A newly- launched quarterly index shows most underwriters anticipate rate rises this year

2009-01-26
Aon adds London unit for ERM in Italy
The broker says it will work to develop the enterprise risk management concept

2009-01-21
Losing credit insurance 'hastened' Empire Direct's demise
The electrical retailer's administrator says the loss of cover contributed to its problems

2009-01-21
Allianz battens down the hatches
Despite the German insurer's interest in AIG units for sale, it rules out any acquisitions in the near term

2009-01-21
IUA says swifter claims payment a priority
The Association's chief executive says London will also maintain the pace on market reforms

2009-01-21
Britannia and Co-op plan a union
The deal is being promoted as an ethical alternative to the high street banks

2009-01-20
Madoff claims 'may cost insurers $1.8 billion'
A preliminary estimate from Aon Benfield suggests this could be the cost of the alleged scandal

2009-01-20
AIG Europe gets E680 million boost
The insurer insists that it's not for sale as it announces a boost to its solvency levels

2009-01-14
Brit builds on its US operations
The Lloyd's insurer is setting up a new underwriting unit in Chicago

2009-01-14
Business failures reach "staggering heights"
The worst is yet to come as the recession deepens, warns Equifax

2009-01-14
Risk ignorance "top challenge for 2009"
Risk managers see embedding enterprise risk management across the organisation as a priority, reports Aon

2009-01-14
Free health and safety advice offered

Companies are offered a one-day workshop to update them on what is required of them

2009-01-14
Lending squeezed as banks close unused credit lines
More than one in three firms that do not use their full credit facilities have had them withdrawn

2009-01-13

WEF outlines risk scenario for the year ahead

Its latest report calls for improved risk governance and warns that slumping Chinese economic growth could deepen the financial slowdown

2009-01-13
Traditional Names back in fashion at Lloyd's
Amlin's success in raising capital from private investors has encouraged the market's other insurers

2009-01-13
Aon criticises new insolvency rules
The group claims that pre-pack insolvency arrangements are unfair to the creditors of failed businesses

2009-01-08
Aon to pay GBP5.25m over risk management lapses
The group says it has agreed the penalty with financial sector watchdog the FSA

2009-01-08
Survey finds European employee absence rates rising
Many European firms are incurring heavy health benefit costs by failing to effectively monitor their employee absence rates, claims Mercer

2009-01-07
Gaza conflict triggers cyber attacks
Companies are warned that hackers, who previously focused on government units, have widened their target

2009-01-07
Risk management "stigmatised", say bank execs
A survey of global bank executives found three in four believed their group should accord greater priority to risk management

2009-01-07
Firms urged to use free "business MOT" service
The government is promoting a scheme to assist smaller firms first launched late last year

2009-01-06
ABI eases line on rights issues
UK companies can hold big rights issues more easily after the ABI responded to calls to relax its guidelines

2009-01-06
Californian earthquake would "accelerate US mortgage meltdown"
The current fragility of the world economy makes the US and international financiers vulnerable in the event of a major catastrophe, says a report

2009-01-06

Aon and Euler Hermes launch SME insolvency product
The broker and insurer are joining forces on a service for smaller businesses

2009-01-06
Guide addresses insolvency issues
With corporate insolvencies set to rise, a law firm is offering guidance on the many resulting issues

2009-17-06
Reinsurance sector "still resilient"
A report by Willis concludes that, so far, the reinsurance sector has avoided much of the impact of the credit crunch

2009-01-06
Roche: Britain's bosses ignore risk of 'inevitable' pandemic

Pandemic planning down the UK business agenda despite Government warnings and financial vulnerability



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