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Cyber stress test reveals potential insured losses
Insurance
A modeled single-event cyber catastrophe would generate “meaningful to significant” gross losses for three of the top 20 cyber insurance providers, ranging from 15 percent to 119 percent of these companies’ estimated 2022 policyholder surplus under a stress-test scenario, according to AM Best.   21 August 2018
Insurance
Aon will accelerate growth of CoverWallet’s core offerings.   21 November 2019
News
Argo Group, underwriter of specialty insurance and reinsurance products, has unveiled a deal with activist investor Voce Capital Management, leading to a cessation of hostilities.   2 January 2020
Insurance
The appointments mark continued expansion in the financial lines market.   18 November 2019
Insurance
Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019
Insurance
ArgoGlobal Assicurazioni, a European subsidiary of Argo Group International Holdings, has appointed Marco Serra as the new chief underwriting officer (CUO), based in Rome, Italy.   7 May 2019
Insurance
Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway, has added automatic reinstatement provision to its executive first directors & officers (D&O) liability insurance offering in Asia.   14 August 2019
Insurance
Re/insurance broker Miller has hired property broker Amanda Lee to further strengthen its specialty business in Asia.   15 February 2019
Insurance
Insurance broker Lockton has hired Zurich Insurance's head of financial lines to strengthen its professional services team in the UK.   22 January 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has launched its transactional liability insurance offering in Asia and the Middle East (AME) under the leadership of a new senior hire from Pembroke.   8 April 2019

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