Corporate Risk

Chief executives and risk managers see eye-to-eye on necessary risk-professional skill sets, but gaps remain between how the two view the role of risk managers, a survey says.

With rates rising in many commercial-insurance linesalthough not uniformly across all linesrisk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis chief executive says.

Two broker-dealers have placed $240 million of insurance-linked securities on behalf of Allianz to protect against hurricanes and earthquake risk.

A rise is cargo theft reporting in 2011 is the result of more data-sharing between law enforcement and the transportation and insurance industries, says CargoNet.

A rise is cargo theft reporting in 2011 is the result of more data-sharing between law enforcement and the transportation and insurance industries, says CargoNet.

Global warming is leading to such severe storms, droughts and heat waves that nations should prepare for an unprecedented onslaught of deadly and costly weather disasters, an international panel of climate scientists said in a new report issued Wednesday.

The 2011 floods in Thailand were the most expensive flooding on Swiss Re sigma records, but a study of exposures in emerging markets around the world shows that other countries may represent even greater flood risks.

The 2011 floods in Thailand were the most expensive flooding on Swiss Re sigma records, but a study of exposures in emerging markets around the world shows that other countries may represent even greater flood risks.