Pension funds are becoming exposed to higher stock-specific risk.

  • Pension funds are becoming exposed to higher stock-specific risk. Failure to account for the sources of global companies' income may undermine the probability that a fund's assets match its liabilities, according to Schroder Investment Management's latest investment strategy report. The report includes a focus on multinationals - a new asset class?

  • Zurich Financial Services, one of Europe's largest insurance groups has formed Zurich Corporate Solutions to accommodate corporate insurance buyers who view risks in categories and their options by product line.
  • ALARM (the Association of Local Authority Risk Managers), AIRMIC (the Association of Insurance and Risk Managers) and IRM (Institute of Risk Management) have commissioned a project team to define a new internationally recognised British standard for the practice of risk management.
  • Willis has introduced AirStar which it claims is an integrated solution to the management of complex major risks within an airport environment, including measuring risks and controls, prioritising the improvement of risk strategies, a structured decision-making process for senior managers and a proactive tool to protect long term business survival.

  • Environmental Risks Insurance Services Ltd (ERIS), an insurance bro ker dealing solely with placing environ mental risks insurance covering polluted and contaminated land, was launched earlier this year.

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