All News articles – Page 85
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NewsGlobal cyber insurance pricing increases by 32% – Howden
International insurance broker Howden released a new report yesterday (5 July 2021) which revealed that cyber insurance pricing has increased by an average of 32% year-on-year in June 2021.
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NewsInsurers are making demands of 40-year-old buildings after Surfside condo collapse
The deadly collapse of the 136-unit high rise has spooked an industry that had already considered older condos on the coast — with their hurricane exposure, their common ownership structure and reputation for delaying maintenance — a high risk, experts say.
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News‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations
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NewsGlobal reinsurance approaching equilibrium: Willis Re 1st View
Reinsurance rate increases continued for most major lines and territories during the 1.6 and 1.7 renewal period; however, in many cases reinsurers had to accept firm order terms below their initial quotes.
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NewsGovernment confirms Solvency II reform to provide ‘more proportionate and flexible’ regulation
HM Treasury has published its response to the call for evidence around the review of Solvency II regulations – based on written feedback from 64 firms, it believes “many aspects of Solvency II are overly rigid and rules-based” and that the regime needs to be “more proportionate and flexible so ...
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NewsInsurers brace for claims as Wimbledon defends ‘super slippery’ courts following star player slips
Insurers could be bracing for claims following star players Serena Williams and Adrian Mannarino slipping on court and injuring themselves during the Wimbledon tennis championship on Tuesday (30 June 2021).
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NewsSingapore watchdog plans ‘further review’ of Aon-WTW merger
The Competition and Consumer Commission of Singapore (CCCS) has “identified areas for further review” following an initial investigation into Aon’s proposed £30bn acquisition of Willis Towers Watson (WTW).
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NewsArcus 1856 rebrands to IQUW
Lloyd’s syndicate Arcus 1856 is today (1 July 2021) rebranding to IQUW, as the syndicate continues to execute its vision to become a more diverse, multi-line (re)insurer.
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People & OpinionAcrisure appoints Grahame Millwater in the new role of head of global insurance
The company said it is putting in place the operational and strategic elements to enable its expansion into a broader fintech financial services company.
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NewsSwiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance
Swiss Re’s iptiQ is a white-label provider of property & casualty and life & health insurance. Its unique B2B2C business model, combined with the iptiQ platform, enable brands like ImmoScout24 to offer new digital insurance solutions to their customers.
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NewsSouth China port disruption could last months
Delays in Guangzhou, Yantian, Shenzhen, Shekou and Nansha are being compared to the Suez blockage
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NewsCyber fears for critical infrastructure
Attacks against Florida’s water treatment facility and Colonial Pipeline highlighted a disruptive threat - survey
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NewsChinese state-backed Sinosure opens regional office in Dubai
It has become the first Chinese insurer to operate in the Dubai International Financial Centre
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NewsFrench mutual insurer Covea is considering takeover of AXA XL reinsurance business: reports
Covéa, the French non-life insurance mutual, is interested in acquiring the reinsurance business of AXA XL, AXA Re, as part of a transaction that could be valued at 5 billion euros, according to the press.
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People & OpinionCharles Taylor hires ex-AXA XL head as group chief commercial executive
Charles Taylor has appointed former AXA XL’s head of global client management, as its new group chief commercial officer, effective from today (28 June).
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NewsHiscox reaches settlement with BI action group
Hiscox and the members of the Hiscox Action Group (HAG) have reached a settlement following the FCA Business Interruption (BI) test case appeal.
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People & OpinionMarsh appoints head of office for London-based corporate business team
The candidate started out in Marsh’s graduate scheme
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NewsCyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
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NewsFrance Europe’s most complex country for business
For the UK, the conclusion of Brexit, along with new international trade agreements, brings increased clarity and stability
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NewsLondon market told to maintain pace of change post-pandemic
The London market has to drive the pace of transformation in the insurance industry after last year pressed the “alt, control, delete keys on the world”, brokers and underwriters have been told.
