Reputation Risk Solutions

Latest News And Commentary

More than just insurance, we help you build and validate your firm’s thoughtful risk management and dutiful governance over all that is mission-critical.

Today’s sophisticated risk managers are strategic. They know that enterprise damage from reputation risks might be their greatest and longest lasting peril, so they monitor for red flags. They foster a culture that respects those warnings and facilitate processes to mitigate those risks. Their diligence strategically builds enterprise-wide resilience that informed stakeholders can appreciate.

The results of strategic reputation risk management are evident in reputation resilience. More than crisis recovery, they include customers buying, not boycotting; employees working, not fleeing; investors buying, not selling; lenders adjusting interest rates down, not up; regulators deferring, not enforcing; and social license holders acquiescing, not protesting.

Steel City Re’s strategic tools help risk managers build corporate resilience by predicting reputation risk, protecting enterprise value, and promoting risk management through strategic risk financing and transfer.

Steel City Re is a reputation risk specialist forging reputation resilience through risk prediction, management, and transfer (re/insurance).

Predict Reputation Risk

Our Resilience Monitor is the world’s only objective, forward-looking AI-powered indicator of a company’s reputation value and risk. It provides timely quantitative measurements for risk strategies.

more

Protect Enterprise Value

Our Reputation Risk Strategy Framework includes advisory tools for risk managers to combine external human intelligence with existing ERM practices, and communicate the effectiveness of strategic risk management.

more

Transfer Risk Strategically

For corporate resilience to have value, stakeholders must discover and trust it. We support that with the world’s only strategic parametric reputation risk captive insurance and reinsurance solutions.

more

Latest News And Commentary

Governance experts including the National Association of Corporate Directors and other authorities are encouraging boards to support management more closely in an "uncertain — and possibly volatile — environment," even at the risk of appearing to micromanage. But with engagement comes culpability for the reactions of already-angry stakeholders. Simply put, the costs of leaning into a reputation crisis may include the dispensation of board members whose personal losses will not be covered by D&O liability insurance. Board members need personal reputation insurance.
Governance experts including the National Association of Corporate Directors and other authorities are encouraging boards…
Read More
Boards...will need to nudge their risk managers and insurance carriers to present reputation insurance options. Podcast: https://www.directorsandboards.com/wp-content/uploads/2024/11/ReputationRisk.mp3
Boards…will need to nudge their risk managers and insurance carriers to present reputation insurance options….
Read More
An industry that is using parametric technology to insure losses from natural disasters caused by wrathful deities can now also provide meaningful insurance for losses from reputation disasters caused by emotional mortals. The 4-M parametric framework of metric, model, monitor and market for natural earthquakes disclosed at the 2023 Hawaii Captives Insurance Conference makes parametric insurance for metaphorical earthquakes easy to back, underwrite, broker and bind.
An industry that is using parametric technology to insure losses from natural disasters caused by…
Read More
We often talk about how the essence of reputation risk is the risk of economic damage from a list of emotional disappointed stakeholders, usually wrapping up with social license holders. Here is a story of one such aggrieved group from Rockdale County, GA, which is trying to oust BioLab from its site after a devastating industrial fire. […] “We can no longer stand by and allow a corporation to continuously affect our current and future physical health, our mental health and our overall quality of life,” Rockdale County Commissioner Sherri Washington said.
We often talk about how the essence of reputation risk is the risk of economic…
Read More
Parametric reputation insurance is a timely offering for directors wary of costly reputation risk, says FT Specialist, Agenda.
Parametric reputation insurance is a timely offering for directors wary of costly reputation risk, says…
Read More
DOJ Hold Boards Accountable Risk Management. New enforcement plans outline expectations for data oversight, compliance expand the potential for reputation risk.
DOJ has updated its expectations expanding the potential for reputation risk. Under the new guidelines,…
Read More
New this year, the OCC supervisory plan provides updates for for third-party-sourced reputation risk and other external exposures.
New this year, the OCC supervisory plan provides updates for third-party-sourced reputation risk and other…
Read More
Investors are not good predictors of reputation value loss as seen in this graph comparing the equity performance of three companies with reputational crises. When normalized against respective peers, the over or under-reaction in the first few weeks is striking. At day 71, Crowdstrike, Boeing, and Southwest were, respectively, -20.8%, -28.1%, and -23% relative to the performance of the Nasdaq Cyber Index, FTSE|US Aerospace Index, and the Dow Jones US Airlines Index.
Investors are not good predictors of reputation value loss as seen in this graph comparing…
Read More
Boeing employees are striking for…more input into product safety. This labor action is a manifestation of lost reputation value. This labor action is a stark reminder that angry, disappointed employees are one of many expressions of a reputation crisis. Corporate leadership and governors must be mindful that that the long tail of reputation risk typically includes costly investor, regulator, and yes, employee actions.
Boeing employees are striking for…more input into product safety. This labor action is a manifestation…
Read More