All News articles – Page 112
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NewsZego secures European broking licence
The Dutch regulator AFM awarded the licence. It will enable Zego to work with EU-based insurance partners and customers so it can establish itself in new territories without friction once the Brexit transition period ends on 31 December 2020.
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News‘Known unknowns’ are creating ‘nervousness’ in D&O market
“Known unknowns” such as climate change, cyber risks and environmental, social or governance (ESG) factors have “created a lot of nervousness” in the directors’ and officers’ (D&O) insurance market, according to a new report by Allianz Global Corporate and Specialty (AGCS).
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NewsLloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Ben Hubbard, CEO, Parsyl said: “By unleashing the power of data, we’re addressing a critical insurance gap when the world needs it most.”
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NewsMactavish warns that ‘premiums are rising dramatically’ due to hardening market
In addition, the firm believes there has been a ‘considerable erosion in the quality and extent of the insurance cover offered to policyholders’, which may not have been flagged by brokers
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NewsGRP buys majority stake in online commercial broker
Broker Global Risk Partners (GRP) has bought a majority stake in online commercial brokerage Insync Insurance Solutions, accelerating its focus on omni-channel distribution.
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsAviva to sell entire Vietnam shareholding
The move adheres to Aviva’s strategy to focus on its UK, Ireland and Canada markets
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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People & OpinionHamilton enters environmental marketplace and appoints John Termini as US Head of Environmental Insurance
Since joining last month, Termini has been focused on building out his team, as well as developing the book of business, leveraging the Company’s Lloyd’s platform, with the long-term goal of providing a broad range of innovative product offerings to lead the market.
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NewsRise in cryptojacking could potentially hit insurers’ bottom lines – Guidewire’s Matt Honea
Cryptojacking is on the rise but massively under-reported, Guidewire’s director of cyber security tells Insurance Times why insurers should be aware of this emerging risk
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People & OpinionBrit appoints new group chief financial officer from RSA Scandinavia
Specialty (re)insurer Brit has appointed Gavin Wilkinson as its new group chief financial officer, subject to regulatory approval.
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NewsArcadia collapse alludes to danger of trade credit fallout – Nimbla
The insurance invoice firm says Arcadia is ’just the tip of the iceberg’ and that ’many more defaults can be expected in 2021’
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
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NewsZurich, Farmers to buy MetLife U.S. motor, home insurance business for $3.94 billion
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more profitable.
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NewsReuters: French insurer Macif steps up efforts to buy Aviva’s French arm - sources
French insurer Groupe Macif has stepped up efforts to buy Aviva’s French arm in a deal worth about 3 billion euros after an Allianz-led consortium bowed out amid firm resistance from French unions and local partners, sources told Reuters.
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NewsAegon to sell non-core and more volatile operations, cut costs, reduce debt
Aegon shares have fallen 42% over the past 5 years as it struggled to maintain adequate solvency.
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NewsTerrorism: West Africa a new hotspot
Increased instances of human rights violations by security forces pose a major reputational risk for some firms
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NewsAXA XL promotes Rose Hall to newly created role as Head of Construction Innovation
AXA XL’s North America Construction insurance business has promoted Rose Hall, P.E., formerly head Strategic Operations Manager for Construction Risk Engineering, to the newly created role as Vice President, Head of Construction Innovation, reporting to Gary Kaplan, president of AXA XL’s Construction insurance business. Commenting on the appointment, Mr. Kaplan ...
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NewsGlobal (re)insurance: capitalisation strong but low interest rates continue to weigh
Willis Re’s Strategic and Financial Analytics teams continue to monitor the financial impact on investment markets and global reinsurer capital positions.
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NewsSMEs are ‘most vulnerable’ to cyber attack
Cyber criminals consider SMEs a ‘sweet spot’ due to their lack of security controls and poor cyber hygiene
