Global Risk Institute in Financial Services

Bringing physical climate risk into institutional investing

Retrieved on: 
Wednesday, July 26, 2023
International Sustainability Standards Board, Insurance, Intact Centre, Risk, University, Sustainability Accounting Standards Board, Electricity, Record, TCFD, Carbon, Organization, Task force, Climate change, CRMS, Global Risk Institute in Financial Services, ESG, Weather, ISSB, Task Force on Climate Related Financial Disclosures, Management, Cryptocurrency

Climate Risk Matrices (CRMs) – developed by the Intact Centre – identify the top climate and extreme weather risks that affect a company’s performance, and ultimately share price.

Key Points: 
  • Climate Risk Matrices (CRMs) – developed by the Intact Centre – identify the top climate and extreme weather risks that affect a company’s performance, and ultimately share price.
  • Physical climate risk is impacting companies across all sectors and institutional investors need to factor these growing risks into portfolio management.
  • This report should catalyze action – and diminish complacency – by the majority of institutional investors who do not factor physical climate risk into portfolio management.
  • Visit the Intact Centre website to download the report, “Transitioning from Rhetoric to Action: Integrating Physical Climate Change and Extreme Weather Risk into Institutional Investing”.

US Homeowners Fear Hurricane Damage, but Often Lack Critical Protection

Retrieved on: 
Monday, May 1, 2023
Cloud, Ohio State University, National Oceanic and Atmospheric Administration, Colorado State University, Global Risk Institute in Financial Services, Multimedia, Cloud research, National Association of Mutual Insurance Companies, Amazon Mechanical Turk, Amazon, National Hurricane Preparedness Week, NAMIC, Tropical cyclone, Flood, Fisher College of Business, Earthquake, Risk, Cyclone, Weather, National Association, Property insurance, Insurance, Atlantic Ocean

Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk.

Key Points: 
  • Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk.
  • "Standard homeowners and renters' policies don't cover flooding, so it's imperative that homeowners assess their risk and understand how to protect their most valuable assets by obtaining flood insurance coverage."
  • During this hurricane preparedness week, the National Oceanic and Atmospheric Administration is offering advice for homeowners about protecting their property.
  • NAMIC's national survey of homeowners involved a sampling of 1,102 homeowners.

First Capital Enters into Cooperation Agreement with Vision Capital and Ewing Morris

Retrieved on: 
Thursday, February 23, 2023
First London, Chair, TSX, Financial services, Second Industrial Revolution, SVKM's NMIMS, University, Good, Trustee, Organization, LLP, REIT, Partner, Retirement, CIBC World Markets, Sustainability Accounting Standards Board, Global Risk Institute in Financial Services, Rotman School of Management, Capital, Chairperson, CIBC, Toronto Stock Exchange, RBC Capital Markets, Advisory board, London, The Co Founder, London School of Economics, Management, Vision, Economics

TORONTO, Feb. 23, 2023 /PRNewswire/ - First Capital REIT ("First Capital" or the "REIT") (TSX: FCR.UN) today announced a support and cooperation agreement (the "Agreement") between First Capital and each of Vision Capital Corporation ("Vision") and Ewing Morris & Co. Investment Partners Ltd. ("Ewing Morris") that will result in the immediate increase of the size of the board of trustees (the "Board") of the REIT to ten trustees and the appointment of Mr. Richard Nesbitt to the Board.

Key Points: 
  • TORONTO, Feb. 23, 2023 /PRNewswire/ - First Capital REIT ("First Capital" or the "REIT") (TSX: FCR.UN) today announced a support and cooperation agreement (the "Agreement") between First Capital and each of Vision Capital Corporation ("Vision") and Ewing Morris & Co. Investment Partners Ltd. ("Ewing Morris") that will result in the immediate increase of the size of the board of trustees (the "Board") of the REIT to ten trustees and the appointment of Mr. Richard Nesbitt to the Board.
  • "First Capital is pleased to have entered into a support and cooperation agreement with each of Vision and Ewing Morris that the Board believes is in the best interests of all unitholders," said Paul C. Douglas, Chair of the Board.
  • We are assured this refreshed Board will execute on a plan that ensures the value of the portfolio is reflected in the market", said Darcy Morris, the Co-Founder and CEO of Ewing Morris.
  • RBC Capital Markets is acting as financial advisor to First Capital.

HOMEOWNERS UNSURE HOW TO PROTECT PROPERTY FROM WILDFIRES

Retrieved on: 
Wednesday, November 23, 2022
Cloud, Wood, Risk, Ohio State University, Fire, Insurance, Cloud research, Fisher College of Business, Wildfire, Global Risk Institute in Financial Services, National Association, Aluminium, Business, National Association of Mutual Insurance Companies, Create, Weather, National Interagency Fire Center, Family, Insurance Institute of Canada, NAMIC, Government, Amazon Mechanical Turk, Reinsurance, Risk management

INDIANAPOLIS, Nov. 22, 2022 /PRNewswire/ -- Nearly two-thirds of homeowners in fire-risk states are worried about wildfires harming them and their property; yet few are taking action to protect their homes, and fewer still are confident in their insurance coverage. That's according to a recent survey by the National Association of Mutual Insurance Companies. Among the highlights from the survey of nearly 600 homeowners in 10 states with an increased risk of fire:

Key Points: 
  • INDIANAPOLIS, Nov. 22, 2022 /PRNewswire/ -- Nearly two-thirds of homeowners in fire-risk states are worried about wildfires harming them and their property; yet few are taking action to protect their homes, and fewer still are confident in their insurance coverage.
  • Among the highlights from the survey of nearly 600 homeowners in 10 states with an increased risk of fire:
    59% of homeowners believe wildfires pose a moderate to extreme risk for them and their property.
  • "Homeowners don't have to wait for government or others, they can act to protect themselves.
  • Clear roof and gutters Homeowners don't have to completely replace their roofs to better protect from wildfires.

HOMEOWNERS SEE RISKS FROM EXTREME WEATHER, UNSURE ABOUT SOLUTIONS

Retrieved on: 
Thursday, October 20, 2022
Cloud, National Association of Mutual Insurance Companies, Insurance, Fear, Cloud research, Risk, Disaster, Policy, Global Risk Institute in Financial Services, Fisher College of Business, Federal Emergency Management Agency, FEMA, National Flood Insurance Program, Business, Tropical Storm Ian, National Association, Fortify, Pacific typhoon season, Heart, Lists of disasters, Wind, Association, Amazon Mechanical Turk, NAMIC, Ohio State University, Weather, Library of the Surgeon General's Office, Leadership, Management, Property insurance, Risk management

INDIANAPOLIS, Oct. 20, 2022 /PRNewswire/ -- Homeowners in hurricane-prone coastal states and around the country believe severe weather is increasing and that their property is at growing risk, but they aren't confident in how to better protect their properties or the role insurance plays in that protection. Those are among the key findings from a new survey by the National Association of Mutual Insurance Companies.

Key Points: 
  • Those are among the key findings from a new survey by the National Association of Mutual Insurance Companies.
  • 78% of U.S. homeowners believe extreme weather is increasing where they live, and 71% fear their homes will be damaged.
  • Even more homeowners, 88 percent, feel motivated to protect their homes, but nearly 60 percent say they don't know what they can do.
  • The majority of respondents cited expense and difficulty as the two most significant reasons for not taking action to reduce their risks from extreme weather or disaster.

Susan Hartman Joins FTI Consulting’s Risk and Investigations Practice

Retrieved on: 
Monday, October 17, 2022
LinkedIn, CFO, Leadership, FTI Consulting, Risk, FCPA, Organization, NYSE, Twitter, FCN, AlixPartners, Facebook, Senior, Company, GLOBE, Accounting, Controller, Global Risk Institute in Financial Services, FTI, Sarbanes–Oxley Act, Solution, Audit

WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Susan Hartman as a Senior Managing Director in the Risk and Investigations practice within the firms Forensic and Litigation Consulting segment.

Key Points: 
  • WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Susan Hartman as a Senior Managing Director in the Risk and Investigations practice within the firms Forensic and Litigation Consulting segment.
  • In her role at FTI Consulting, Ms. Hartman will focus on financial forensic investigations and litigation consulting engagements.
  • Susans appointment is a continuation of our focus on expanding the breadth of our forensic accounting, investigative and dispute advisory practice groups, said Andrew Rosini , Leader of the Global Risk and Investigations practice at FTI Consulting.
  • Prior to joining FTI Consulting, Ms. Hartman was a partner at BVA Group, a litigation, valuation and financial advisory firm.

Rita Achrekar Joins QuadReal’s Board of Directors

Retrieved on: 
Wednesday, October 12, 2022
Risk management, ICICI Bank, Global Risk Institute in Financial Services, Growth, Chairperson, United Shipping & Trading Company, ESG, Volunteering, Crown corporations of Canada, Capital market, Marketplace, Scotiabank, Woman, Board, Canadian Investor Protection Fund, GLOBE, BCI, Board of directors, Financial services, Ownership, Farm Credit Canada, Audit

VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- QuadReal Property Group (QuadReal) welcomes Rita Achrekar to its Board of Directors.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- QuadReal Property Group (QuadReal) welcomes Rita Achrekar to its Board of Directors.
  • In addition to Ritas extensive board experience, she is an Executive in Residence at the Global Risk Institute in Financial Services.
  • I look forward to working with the team and fellow board members to help further QuadReals strategic goals and commitment to community building, said Rita.
  • For information about QuadReals Board of Directors visit: https://www.quadreal.com/team/governance/
    QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia.

Canada's Forest Trust Corporation Appoints Peter van Dijk as Inaugural Chief Sustainable Finance & Policy Officer

Retrieved on: 
Thursday, July 7, 2022
Fellow, TD, CEO, EY, Carbon, Senior, School, Climate change, Business administration, GLOBE, ESG, Forest, Sun Life Financial, PricewaterhouseCoopers, Master of Business Administration, Ivey Business School, Osgoode Hall Law School, SCR, CO2, Policy, GRI, Anthesis, Technology, University, Peter, Organization, Global Risk Institute in Financial Services, Toronto-Dominion Bank, Financial services, Partner, Carbon footprint, CFT, Leadership, Biodiversity, Management, Science, Finance

OTTAWA, July 07, 2022 (GLOBE NEWSWIRE) -- Gary Zed, Founder and CEO of Canadas Forest Trust Corporation (CFT), today announced the appointment of Peter van Dijk as Chief Sustainable Finance and Policy Officer.

Key Points: 
  • OTTAWA, July 07, 2022 (GLOBE NEWSWIRE) -- Gary Zed, Founder and CEO of Canadas Forest Trust Corporation (CFT), today announced the appointment of Peter van Dijk as Chief Sustainable Finance and Policy Officer.
  • In this role, Peter will lead all carbon-related aspects of CFT including strategy, policy, thought leadership, voluntary and compliance markets, credits, taxation, technology, and innovation.
  • Peter will also chair the ESG companys Innovation, Science and Policy Advisory Board.
  • Our Forever Forest Guarantee ensures that every forest built by CFT undergoes expert management andmonitoring and will never be clear-cut.

MindEdge and HRCI Study: 80% of HR Professionals Report Increased Staff Burnout During the Pandemic

Retrieved on: 
Thursday, October 28, 2021
Online, Safety, McKinsey & Company, Research, Workplace, Organization, Health care, Global Risk Institute in Financial Services, Financial services, Harvard University, Human resources, Risk, Manufacturing, Time, Company, COVID-19, Health, MIT, HR, Medicine, Online gambling, Taxicab, Vaccine, Management, Health insurance

It has taken a heavy toll in terms of employee burnout and staff turnover, according to the latest collaborative survey from MindEdge Learning and the HR Certification Institute (HRCI) .

Key Points: 
  • It has taken a heavy toll in terms of employee burnout and staff turnover, according to the latest collaborative survey from MindEdge Learning and the HR Certification Institute (HRCI) .
  • The online survey, HR in the Age of Workplace Uncertainty , polled 1,000 HRCI-certified Human Resources professionals.
  • At the time of the survey, 51% of respondents' organizations had already reopened, and 34% report that they had never closed.
  • "HR professionals continue to face challenges to traditional HR functions, including revamping workplace structures," said Dr. Amy Dufrane, who is the CEO of HRCI.

AXA XL appoints Dane Mahoney as Global Head of Political Risk, Credit & Bond Risk Management

Retrieved on: 
Thursday, August 12, 2021
XL, Global Risk Institute in Financial Services, University, Axa, London, London School of Business and Finance, Risk management, Credit, Risk, Insurance, Organization, Political risk, AXA, International relations, Reinsurance

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- AXA XL has appointed Dane Mahoney as Global Head of Political Risk, Credit & Bond (PRCB) Risk Management.

Key Points: 
  • NEW YORK, Aug. 12, 2021 /PRNewswire/ -- AXA XL has appointed Dane Mahoney as Global Head of Political Risk, Credit & Bond (PRCB) Risk Management.
  • Mr. Mahoney began his tenure at AXA XL in 2013 as a Risk Analyst for political risk and trade credit.
  • During this tenure with the company, he has helped build the Global Risk Management team into an industry-leading data, analytics, and risk management practice.
  • We partner with those who move the world forward.To learn more, visit www.axaxl.com
    1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting.