European class action against Philips a ‘catalyst’ for future litigation
Commercial Risk
by Sarah Jolly
11h ago
Europe’s first consumer class action under new legislation could kick-start further claims, putting risk managers on notice of an increased risk of litigation and costs, according to a legal expert. The group action against D... Want to read this article? Register for ultimate access to this article and ALL our ..read more
Visit website
UK financial services falling foul of rising regulatory compliance
Commercial Risk
by Nicholas Pratt
16h ago
More than a third of UK financial services firms (36%) have been penalised for regulatory compliance failures in the last 12 months, according to recently published research that suggests there is an increasingly challenging regulatory landscape. The survey, conducted by Consulting at Davies, found that close to two-thirds (62%) of ..read more
Visit website
SentinelOne pushes out AI cybersecurity to risk managers
Commercial Risk
by Nicholas Pratt
16h ago
US-based cybersecurity vendor SentinelOne has announced a new sales initiative designed to help insurers deliver an AI security platform to clients. Under the SentinelOne Risk Assurance programme, insurers will be able to ... Want to read this article? Register for ultimate access to this article and ALL our premium content ..read more
Visit website
New global group head of insurance at Fitch Ratings
Commercial Risk
by Tony Dowding
16h ago
Harish Gohil has been appointed to the role of global group head of insurance, Fitch Ratings, effective 1 August 2024. He will report directly to Marjan van der Weijden, Fitch’s global group head for financial institutions. G... Want to read this article? Register for ultimate access to this article and ..read more
Visit website
WTW reports stable or softening market in key lines
Commercial Risk
by Ben Norris & Mathew Lerner
17h ago
WTW saw its revenue rise 5% in both the second quarter and first six months compared to prior year periods, and said that the insurance market is either stabilising or softening in many of the key lines of business. CFO An... Want to read this article? Register for ultimate access ..read more
Visit website
Liberty Mutual names Julie Haase CFO
Commercial Risk
by Shane Dilworth
17h ago
Liberty Mutual Insurance will appoint Julie Haase as chief financial officer on 1 Jan 2025. She will succeed Chris Peirce, who will retire at the end of 2024 after 30 years at the insurer. He was named CFO in 2018. Haas... Want to read this article? Register for ultimate access ..read more
Visit website
Indonesia improves maternity rights
Commercial Risk
by Adrian Ladbury
17h ago
The Indonesian House of Representatives has unanimously passed the Draft Law on the Welfare of Mothers and Children in the First 1,000 Days of Life Phase that, among other things, potentially provides for longer employer-paid... Want to read this article? Register for ultimate access to this article and ALL our ..read more
Visit website
Typhoon Gaemi hammers Taiwan
Commercial Risk
by Adrian Ladbury
17h ago
Typhoon Gaemi swept through northern Taiwan on Thursday 25 July, killing three people, triggering flooding and sinking a freighter before heading west across the Taiwan Strait towards China, where it is expected to dump more torrential rain, reports Reuters. Gaemi made landfall around midnight on the northeastern coast of Taiwan ..read more
Visit website
Chubb reports 36% Asia Pacific growth
Commercial Risk
by Adrian Ladbury
17h ago
Chubb reported an impressive increase in premiums in Asia Pacific in the second quarter of this year, up 36% and up 9% excluding the contribution from China. Group CEO Evan Greenberg said that the group’s international A&amp... Want to read this article? Register for ultimate access to this article and ALL ..read more
Visit website
Indian property market remains hard
Commercial Risk
by Adrian Ladbury
17h ago
Indian risk and insurance managers, along with their peers in the Middle East and Africa, did not quite enjoy the same level of softening in the first quarter of this year compared to risk managers across Asia. But the only l... Want to read this article? Register for ultimate access ..read more
Visit website

Follow Commercial Risk on FeedSpot

Continue with Google
Continue with Apple
OR