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Businesses and insurers must improve their understanding of cyber risk exposure in the wake of Yahoo admitting the data of 500 million accounts had been stolen in 2014, according to data analytics company Sciemus. 26 September 2016
Insurance
Specialty insurer Brit has received principle approval from the Lloyd’s Franchise Board to launch a new syndicate. 26 September 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has introduced a new cyber division with the appointment of Russell Heaton as cyber class underwriter. 26 September 2016
Insurance
Ironshore has introduced a crisis management coverage feature as an extension of its terrorism and sabotage programme, offered through Pembroke Managing Agency and underwritten by Lloyd’s Syndicate 4000. 23 September 2016
Insurance
Aspen Risk Management (ARML), the UK property/casualty (P&C) business of Aspen Insurance, will buy the renewal rights to business written by Liberty Specialty Markets (LSM), a subsidiary of Liberty Mutual Insurance Group. 23 September 2016
Insurance
The chief financial officer of Novae, Charles Fry, has stepped down from the board and will leave the company on October 31. 23 September 2016
Insurance
Specialist insurer Beazley has appointed Rafael Sanchez as international manager of Beazley Breach Response Services (BBR Services), a team designed to coordinate data breach response. 23 September 2016
Insurance
London Market Group (LMG) has appointed Chris Beazley as its first permanent chief executive officer (CEO) effective November 7. 22 September 2016
Insurance
Asta, a third-party managing agent at Lloyd’s, received approval from the Lloyd’s franchise board to establish and manage Blenheim Syndicate 5886. 22 September 2016
Insurance
Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct and facultative (D&F) property division. 22 September 2016
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