All StrategicRISK Global articles in December 2008 – Page 4
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Authorities uncover another massive Ponzi scheme
The owner of Agape World has been charged with running a $370m fraud scheme
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UN Global Compact urges action on climate change
Secretary-General Ban Ki-moon stressed that climate change ‘threatens all our goals for development and social progress’
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AnalysisKeep an eye on all the risks
Managing through the dowturn is the biggest concern, but risk managers shouldn't take their eye off the ball
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Torus offers $50m casualty capacity
The insurance can be accessed through the Bermuda office
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AIG seeks to sell investment arm
Sources have revealed that the ailing insurer is trying to sell AIG Investments, according to news reports
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Online onlyCommission fines marine hose cartel €131m
The company that revealed the cartel to the authority was not fined
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Hiscox warns of rise in ‘unfair dismissal’ claims
The insurer said redundancies can lead to a leap in this type of claim
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Klaus Schwab delivers Davos speech
The world is experiencing a wake-up call to overhaul its institutions, systems and attitudes, claimed the World Econommic Forum’s founder
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Online onlySlow growth for Euro insurers in 2009
Further write-downs are expected and certain lines will be curtailed, according to Ernst & Young
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AIG investments took additional risks
At one stage AIG Investments was putting around $70bn into subprime bonds, according to a report
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Online onlyUS sets limit on exec pay for bailout firms
President Barack Obama has set a $500,000 limit on annual pay for executives at propped-up companies
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Safety body welcomes new health and safety law
The British Safety Council said the new Act, which threatens employers with prison over health and safety offences, would help increase internal controls
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Online onlyData loss could rise during downturn
More redundancies and a growing black market for stolen information contribute to the problem says Overtis
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FSA raised risk concerns before HBOS whistleblower
The UK regulator said it warned the bank about risk controls 2 years before a regulatory risk boss
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HBOS risk boss was ignored
A senior risk officer warned that the bank was moving too fast but he was ignored
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Crisis spurs investment in risk technology
The market for risk management systems is expected to grow by 13%
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Online onlyCrisis pushes UK deeper into recession
UK economy is expected to contract by 3.3 % and unemployment to reach close to 2.9m by the end of the year, says CBI
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AnalysisThe Emperor’s new clothes
The banking crisis offers an opportunity to adjust our view of how the risk function should be engaged
