Natural catastrophes cost $160 billion in 2018: companies must be ready to mitigate these risks

Hundreds of natural catastrophes killed more than 10,000 people in 2018 and caused damage and losses amounting to $160 billion, according to re-insurer Munich Re. The number and severity of these incidents should also prompt companies to thoroughly review their own business resilience, continuity and crisis management plans relative to natural disasters. The highest single loss… Read More

Mega risks and disasters – a resilient company will get back on track faster

Businesses are increasingly expected to prepare for, and manage the effects of major disasters and they play an integral role in disaster risk mitigation and recovery. We produced a blog for 6-Group on what businesses should be doing to ensure they are resilient and therefore become partners of choice for their customers if disaster strikes. Photo,… Read More

The Presidents Club: the sound of British businessmen in five-speed reverse

20-20 hindsight is a great thing… Bear with me on this, because the fallout from this dinner is a great crisis, business ethics and risk management case study. Case study scenario: Bosses of company X are invited by supplier Y to a charity dinner as their guests where they will be treated to entertainment costing… Read More

Carillion, the government and when someone else’s problem becomes yours

The situation with Carillion seems to support the old adage: “If you owe the bank £100, it’s your problem, if you own the bank £10m it’s the bank’s problem.” In this case, last week’s theoretical, but realistic prospect of the melt-down of Carillion looked like the banks, bondholders and shareholders would have a problem, but… Read More