Articles

Insurance

BMA revokes licence of broker Intrepidus after ‘serious’ breaches

Intrepidus Insurance Services, a Bermuda insurance broker, has had its registration to operate revoked by the Bermuda Monetary Authority (BMA) following an investigation triggered by a complaint against the company.   4 July 2018

Insurance

Tackling cyber in advancing technologies requires collaboration

The push towards digitisation and the advent of newer technologies such as driverless cars and artificial intelligence is leaving businesses more exposed to a cyber attack.   15 June 2017

Insurance

Anbang Insurance Group chairman steps aside, purportedly detained

Anbang Insurance Group said on June 14 that its chairman Wu Xiaohui is stepping aside with a media outlet claiming that he has been detained.   14 June 2017

News

Target Group hires new chief financial officer

Target Group, the financial services outsourcing and software provider, has appointed Iestyn Evans as the group’s new chief financial officer (CFO).   14 June 2017

Insurance

Data breaches increase in Q1 2017: Beazley

Specialist insurer Beazley has managed an increased number of data breaches on behalf of clients in the first quarter of 2017, driven by phishing techniques.   25 April 2017

Insurance

Record-breaking ILS market ripe for significant innovation

Non-life insurance-linked securities (ILS) issuance reached a record breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year. ILS assets under management (AUM) also continue to grow alongside fierce competition from investors.   1 August 2017

Insurance

Hurricane Irma to test newer participants in Florida insurance market

New companies have formed in recent years to take property/casualty risk in Florida from state-formed Citizens in a soft market and Hurricane Irma will be the first test for them, said ratings agency AM Best in a Sept. 14 report.   15 September 2017

Insurance

QBE warns of $1.2bn FY 2017 loss

Australia’s QBE has warned the markets that it expects to report a full year 2017 after tax loss of around $1.2 billion due to catastrophe losses, reserve strengthening and write-downs.   23 January 2018

Insurance

Beazley boosts European growth with Aon and Chubb hires

Specialist insurer Beazley has strengthened its international specialty lines teams across Europe with a series of hires from Aon, Chubb and Tokio Marine, among others.   23 January 2018

Insurance

AXA hires former Allianz underwriting manager

AXA Insurance has expanded its London-based commercial real estate team through the appointment of Anneke Sims as underwriting manager.   15 July 2016

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