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Are risk managers tuned into regulatory change?

Miller Insurance Services LLP (Miller), the specialist insurance and reinsurance broker, will be hosting a stand at the AIRMIC conference in June, and highlighting the rapidly changing international regulatory landscape. On the stand (numbers 67 and 68) the team will be inviting visitors to vote for the piece of legislation and the D&O exposure that keeps them awake at night.

Risk managers will cast their votes by placing coloured balls in see through tubes, so conference attendees will be able to see at a glance the state of play – and those voting will have a chance to win a Bose Wave® radio III.

Ken MacDonald, who leads the corporate risks team, comments: “The speed and extent to which the regulatory landscape is changing is unprecedented – and businesses that are not tuned in to change are putting themselves at risk. These risks are both personal to the directors and officers, as well as the company as a whole. In the UK, this increased regulatory oversight is illustrated by the fact that the Serious Fraud Office prosecuted 100 cases in 2011, up from 50 in 2006.”

Miller’s Richard Watts, a D&O specialist, will also be running a workshop at the conference entitled ‘Fraud, and the Bribery Act – what is your position? ’ The session will take place on Wednesday ,13th June from 11.45-1pm.