New Zealand’s prudential supervisor, the Reserve Bank of New Zealand, in February 2018 placed CBL Insurance under “interim liquidation”. CBL is a P/C insurer specializing in credit surety and financial risk, such as builders risks, sureties, guarantees and contractor bonds. It operates worldwide and in particular in Europe and Scandinavia through an Irish subsidiary, CBL Insurance Europe Designated Activity Company (DAC). It does not underwrite employee benefits or workers’

Wendy Stachowiak, Vice President of Global Travel Partnerships at International SOS, in January 2018 was appointed Vice Chair of the Global Business Travel Association (GBTA) Risk Committee. As organizations recognize the impact that travel risks can have on business continuity and sustainability, as well as the effect on an individual, GBTA President Christle Johnson, commented: “We are pleased that Wendy has accepted the role of Vice Chair of the

China’s insurance regulator, the China Insurance Regulatory Commission (CIRC), in February 2018 “temporarily” took over Anbang Insurance Group. Its chairman Wu Xiaohui in June 2017 was detained by authorities and is now facing prosecution on charges including fundraising fraud and embezzlement. Anbang’s growth was driven by high-yield, investment-type insurance products, many of which allowed redemption after as little as two years with little or no penalties. The growth helped fund

IBIS Academy organizer Gallagher in February 2018 announced two key sessions for the 48th edition, to be held in Berlin, Germany on May 7 – 11 , 2018. Global Family Leave Fred Thiele, general manager, global benefits and mobility for Microsoft, will discuss Microsoft’s “monumental effort to expand and enhance its global family leave benefits”. Fred will offer practical advice for organizations interested in leading the way in this