Are You Scared Yet? WillisWire Bloggers Unveil Scariest Risks This Halloween…With a Few Surprises
London, UK, October 29, 2012 – Catastrophic acts of violence, mining strike contagion, unexpected “perfect storms”
and a nation paralysed by cyber terrorism are among the scariest risks facing the insurance industry
this Halloween, according to a special feature on WillisWire, the blogging platform of Willis Group Holdings
plc (NYSE: WSH).
For the second consecutive year, Willis’ experts have recorded the most frightening risk looming over their area
of expertise. In the blog post, “Scariest Risks II: The Wrath of Risk”, sixteen bloggers
from practices as diverse as healthcare, reinsurance, D&O and energy explain what risks keep them up
Some of the risks identified will already be on readers’ watch lists. Low recordings of sea ice
in the Arctic, highlighted by David Reynolds in Willis’ Global Markets International practice, is a well-known
worry for the power industry. With the insurance industry focused on “Frankenstorm” Hurricane Sandy, Alice Underwood
of Willis Re warns that the most fearsome storms can be those you don’t anticipate and
prepare for. The threat of cyber terrorism directed at U.S targets is an existing priority given
the potential for damage outlined by Justin Conway in Willis’ SECURENET division.
Other risks may have crept under the radar, or just emerged, including:
- The escalating number of verdicts and settlements in paediatric litigation, reported by Paul Greve, of Willis’ Health
- The re-opening of hundreds of pollution cases involving vapour intrusion, reported by Anthony Wagar of
Willis’ Environmental practice;
- The frighteningly high number of road cargo transport accidents in Brazil reported by Ricardo
Del Castillo from Willis’ Sao Paulo office;
- The recent jail sentencing of six Italian scientists accused of
information failings following the 2009 L’Aquila earthquake, described by David Simmons in the Willis Re Analytics
- The Beijing traffic jam that lasted one month, described by Tim Mathieson, Chief Operating Officer
of Willis China, which is enough to strike fear into even the bravest of souls.
Scariest Risks Feature covers the following areas:
WillisWire, now its second year, is Willis’ blogging platform where experts from around the Group share their
insights on the full spectrum of risks affecting businesses around the world.
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers
professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public
entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries,
with a global team of approximately 17,000 employees serving clients in virtually every part of the
world. Additional information on Willis may be found at www.willis.com.