AmCham Financial Forum: Elevated Insurance Risks, Nuclear US Verdicts, and Employee Romance Fraud

Member and partner leaders gathered at WTW’s Skøyen office for our quarterly Financial Forum. This session focused on Elevated Insurance Risks, Nuclear US Verdicts, and Employee Romance Fraud. 

Multinational WTW, formerly Willis Towers Watson, provides data-driven, insight-led solutions in the areas of people, risk, and capital. WTW Norway’s Camilla Arnesen and Sara Hjelmberg informed participants on the state of the market with rising insurance premiums, key drivers for increased claims costs, and developing US liability considerations and impacts.

Presenters

Camilla Arnesen – Senior Broker Casualty & Financial Lines

Sara Hjelmberg – Practice Lead Casualty & Financial Lines

Howard Cooper – Managing Director & Global Co-Head of Financial Investigations Practice

Justine Radnedge – Senior Manager

Unraveling the International Laundering Machine

Headquartered in New York City, Kroll is an independent, global corporate investigation firm providing anti-corruption risk consulting for M&A, IPO and supply chain due diligence.

London-based, Howard Cooper and Justine Radnedge joined us for an update on how criminals are increasingly targeting employees to become unwitting co-conspirators in major fraud.

Cooper, the Managing Director and Global Co-Head of the Financial Investigations Practice, shared a shocking case study involving a romantic connection made via LinkedIn that ended up costing the victimized company $250 million.

There has been an increase in external threats and criminal organizations are becoming more sophisticated and systematic. The critical weakness is the human aspect, meaning that every employee is a potential liability to the company.

Radnedge went on to cover the processes that Kroll deploys to track down criminal organizations as well as compliance protocols companies should make sure to astutely follow such situations.

About the AmCham Financial Forum

AmCham’s collaborative Financial Forum enables cross-industry leaders to openly exchange and learn from their peers – building a better understanding of what it takes to maintain successful international operations in Norway.

Read more about our Financial Forum and please contact Madeleine.brekke@amcham.no for interest in future meetings

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