October 11, 2023
Steel City Re CEO and former Los Angeles County deputy coroner on what derailed the ESG movement & what boards expect from risk management in the aftermath.
Captives
September 6, 2023
We help risk managers manage risk and add value across Boardrooms, C-Suites, and operational silos through reputation resilience.
November 10, 2022
Captives for ESG Goals. Nir Kossovsky, CEO, Steel City Re, said organizations that form captives can use them to cover risks in an ESG-friendly manner, which will help them reduce reputation risks.
November 8, 2022
Captives for a Challenging Market. Mitigating risk strategically through expectation management and operational adjustments evinces thoughtful management and dutiful governance. Financing such risks evinces prudence, and doing so publicly with insurance captives and reinsurance enables stakeholders to appreciate and value the effort. These comprise the core of Steel City Re’s professional services
October 28, 2022
Carnell and Nir are two of the three speakers who will be delivering the general session titled, “Mitigating the Hazards of ESG-Linked Enterprise Risk,” at the RIMS ERM Conference on November 11th at 11:30 am. This session will explore the value proposition of how to manage ERM to mitigate ESG-linked reputation risk strategically. It will focus on the cultural aspects of rounding up the collaborators from legal and communications and risk insurance. Two of every 3 directors prefer value-creation through an ESG-linked reputation strategy.
October 17, 2022
Well underwritten parametric reputation insurance. Parametric triggers for insurance can be anything quantifiable. In the case of my firm, Steel City Re, we use parametric measures of reputational value in our Tokio Marine Kiln policies. Parametric policies provide for ease of underwriting, facilitate claims adjustment, and enable coverage to insure complex risks including reputation and environmental, social, and corporate governance (ESG) factors-linked reputation loss.
October 11, 2022
Insurance Captive and Risk Strategy Transparency. The insurance captive is the key to making the value of a risk strategy transparently measurable to all stakeholders. An effective, insurance-authenticated risk strategy can mitigate the ESG risk du jour.
September 8, 2022
Captive Insurance Can Be a Value Center Captives enable risk professionals to play a tangible and demonstrable role in enhancing corporate profitability. It also allows them to control management and decision-making with respect to claims – a key function that is often overlooked […] Perhaps most importantly, it provides captive managers witha simple, clear, and …
July 23, 2022
Managing corporate reputation is a lot like mixing a cocktail. Both activities embody the same mission-critical principles: authenticated thoughtful risk management and dutiful governance over everything that is mission critical. Everything in the process is #strategic. At the tactical level, the process begins by understanding what stakeholders expect; and understanding that an effective risk management system comprises risk education and threat intelligence, management, and transfer processes (aka insurance) involving the entire enterprise risk management apparatus bounded by the organizations capabilities.
April 22, 2022
Reputation is Mission-Critical A management program for ethics and compliance can forestall prosecution and mitigate fines. Similarly, oversight of “mission- critical” issues can forestall securities litigation. A program for reputation resilience, comprising both risk management and insurance (reinsurance)-authenticated oversight for all that is mission-critical, can create value in many ways. To this end, Steel City …