Ethics Archives – Steel City Re

August 31, 2024

Captives, Commercial Services, Consumer Goods & Services, D&Os, Energy & Mining, Ethics, Food, Governance, Health, Innovation, Personal Cost, Quality, Safety, Security, Transportation, Utilities

32.9% of companies, including American Airlines and US Bancorp, have compensation clawback policies for reputation harm.

June 10, 2024

Case Studies, CLOs, Energy & Mining, Ethics, Legal

How to protect a firm from the humiliation of corporate swatting by fabulist whistleblowers using the Department of Justice.

June 8, 2024

Captives, CFOs, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, Energy & Mining, ESG/Social Responsibility, Ethics, Finance, Food, Health, Innovation, Parametric ESG insurance, Parametric Reputation Insurance, Quality, Safety, Security, Transportation, Utilities

Lacking good solutions, $25 billion of Marsh clients’ premium is going to captives. Hey! Steel City Re's insurance is made for complex risk!

Captives are a solution to the lack of innovation. Martin South, president and chief executive officer, Marsh, was being interview by Penny Randall Seach, group chief underwriting officer, Zurich Insurance Company in a Global CEO fireside discussion at AIRMIC called ‘Global forces driving change: a future outlook’ Because the industry is not offering products that address clients’s needs as risks evolve, “some $25 billion of Marsh clients’ premium is now being retained using this form of risk transfer.“ In other news, insurer AXA is reorganizing US operations. Layoffs are expected. Meanwhile, Steel City Re has on offer a remarkably innovative original outcome-based solution to the most complex risk of all. It is a solution insureds have wanted since 2005, and it is backed today by Tokio Marine Kiln.

April 7, 2024

CLOs, Communications (Corp) & Media, Consumer Goods & Services, D&Os, Ethics, Governance, IR/CMOs

“Unsavory” may be forgiven, if not forgotten. Speculation aside, objectively, none of Steel City Re’s reputation risk measures indicated a problem with MSGE. The obvious benefit of such objective metrics is that it protects CEOs’ reputation-linked compensation and shields boards from attacks. Is your reputation risk management process insurance-authenticated?

April 1, 2024

Case Studies, Consumer Goods & Services, ESG/Social Responsibility, Ethics, Governance, IR/CMOs

Bud Light reputation crisis at one year. $1.4bn estimated loss in sales. Equity lagging S&P Food and Beverage Index (IFB) by 12% (~$14bn); and Molson Coors (TAP) by ~40%.

With reputation risk forecasting, management, and insurance, Steel City Re helps companies build and prove to stakeholders their thoughtful risk management and dutiful governance over all that is mission-critical. It is an authenticated story stakeholders can appreciate and value.

March 20, 2024

Consumer Goods & Services, Ethics, Governance

Exec Chair Misconduct Allegations […] TKO saw a “massive reputation value drop,” according to Steel City Re’s Resilience Monitor.

March 11, 2024

ESG/Social Responsibility, Ethics, Governance, Legal

“If we do not successfully manage expectations across these varied stakeholder interests, it could erode stakeholder trust, impact our reputation, and/or constrain our investment and fundraising opportunities,” one filing said.

A “flurry of securities filings noting potential legal and reputation risks stemming from diversity, equity and inclusion efforts follows the US Supreme Court’s June decision .” […] “If we do not successfully manage expectations across these varied stakeholder interests, it could erode stakeholder trust, impact our reputation, and/or constrain our investment and fundraising opportunities,” one filing said.

March 1, 2024

ESG/Social Responsibility, Ethics, Governance, Innovation, Legal, Parametric Reputation Insurance, Quality, Safety, Security

Reputation risk management is an efficient strategy for interconnected risk. “Risk interconnectivity — the interdependence of various risks, illustrating how one risk can affect or amplify others across systems — is of growing concern to global risk managers. […] Andrew Chung, litigation, arbitration and investigations partner at Linklaters, said the key enterprise risks that are top of mind for clients today are interconnected. He explained: “We are seeing how risks across financial crime, cyber, ESG and energy transition, digital transformation and AI, and geopolitics including supply chain and sanctions all have common elements and data, so now require an enterprise-wide and holistic lens more than ever, to properly manage the risks.”

February 8, 2024

Ethics, Governance, Health, Quality, Safety, Security

Pharma has a misinformation problem — and execs could be on the hook. While vaccine-related misinformation is prevalent, it’s not the only threat. False information can arise around ethics, innovation or safety, and threaten a pharmaceutical firm’s reputation, viability and profitability. Reducing the damage from these threats requires a proactive approach. […] Kossovsky agrees.

October 11, 2023

Captives, CFOs, CLOs, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, D&Os, Education, Energy & Mining, ESG/Social Responsibility, Ethics, Finance, Food, Geopolitics, Governance, Health, Innovation, IR/CMOs, Legal, Parametric ESG insurance, Parametric Reputation Insurance, Personal Cost, Quality, Safety, Security, Transportation, Utilities

Steel City Re Intelligence Unit Briefing: What derailed the ESG movement & what boards expect from risk management in the aftermath.

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.

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