Solvency II affects our business just as it does the whole industry. Barbican adheres to a policy of investing in the best resources possible not only to comply with Solvency II and ERM requirements, but to actually exceed them.
A strong culture of risk and compliance
Barbican understands and promotes the importance of getting things right—and the need to behave and operate in a way that enhances the reputation of our industry and ultimately protects the customer. We have a firm compliance regime and adopt best practice in all areas of risk management. Barbican’s Risk and Capital Committee, reporting directly to the Board, exercises strong and effective control over all material risks, drawing on reliable and comprehensive management information.
However, we also believe good risk management isn’t about blindly following sets of rules and regulations, but about finding a way of applying the rules in a sensible, practical way that benefits our business. This approach underpins everything we do.
Our compliance culture emphasises ethical behaviour at every level of the business. Our formally-stated whistle-blowing policy encourages staff to speak up freely, and without fear of any adverse personal consequences, on any concerns relating to malpractice or unethical behaviour.
In overall charge of this critical area of our business is Barbican’s Director of Risk and Governance, David Russell.
David Russell
Director of Risk and Governance
T +44 (0)20 7082 1804
David.Russell@barbicaninsurance.com
David has in-depth experience of risk, regulation and regulatory policy from all areas of the insurance industry.
Prior to taking up his current position at the Barbican, he was Head of Regulatory Affairs at RSA Group where he coordinated the group’s activities on Solvency II, making an active contribution at European institutions and industry working groups.
See full biography
Teresa de Nobrega
Risk & Compliance Manager
T +44 (0)20 7082 1923
Teresa.deNobrega@barbicaninsurance.com
biography of Teresa de Nobrega
David Horan
Catastrophe and Accumulations Manager
T +44 (0)20 7082 1940
david.horan@barbicaninsurance.com
