Head of London Market Wholesale Executive Risks | Specialty Risks
London, UK
+44 (0)20 7674 7446
wayne.imrie@beazley.com
Wayne joined Beazley in August 2006 as a member of the Management Liability team. He is responsible for underwriting various ML coverage lines including D&O, EPL, Fiduciary and W&H. He has over 25 years experience in the insurance industry, having held roles in broking, claims and underwriting.
The COVID-19 pandemic brought significant disruption to global supply chains and exposed how many businesses lacked resilience to external shocks. Since then, ongoing conflicts in Ukraine and Gaza, combined with increasing tensions between China and Taiwan have continued to highlight the fragility of global supply chains. In each instance, crucial supply routes have been plagued by uncertainty and disruption with political unrest impacting the trade of important cargo and goods.
For many companies, the COVID-19 pandemic presented not only a challenge to ‘business as usual’, but a growing existential threat as supply chains were put under severe pressure and, in some cases, ground to a halt. Now, three years on, these pressures have not been alleviated. In our recent Risk & Resilience research undertaken earlier this year, 20% of business executives ranked supply chain instability as their top business risk concern in 2023, and 21% of leaders expect it to remain a top concern in 12 months’ time.
Why it’s essential for business leaders to improve their boardroom resilience
Our latest Risk & Resilience Report found that the key boardroom risks for 2022 include supply chain risk, and the reputational risks that arise from social inflation and employment.