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First insured loss estimates emerge from major worldwide IT outage
Insurance
First insured loss estimates emerge from major worldwide IT outage
Parametrix says cyber insurance losses likely 10% to 20% of the total outage damage.   24 July 2024
Beazley likely held cyber hit on IT outage below $120m: Berenberg
Insurance
Beazley likely held cyber hit on IT outage below $120m: Berenberg
Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024
Penn Mutual to sell $150bn asset manager to global PE giant
Insurance
Penn Mutual to sell $150bn asset manager to global PE giant
Fitch views the sale as ‘opportunistic’.   24 July 2024
Insurance
Davies appoints deputy CEO of North America
The appointee recently joined Davies from the Brown & Brown acquisition deal.   24 July 2024
Insurance
Chubb claims broad swathes of rate adequacy inspire a reach for growth
‘Where rate is adequate, we are growing as fast as we can,’ CEO Greenberg said.   24 July 2024
Insurance
WR Berkley clears Crowdstrike IT outage with no material losses
The company considers the incident a ‘wake-up call’ on systemic risks.   24 July 2024
Insurance
SRG buys specialist MGA to expand footprint in London Market
It is the second acquisition to join its MGA MX this year.   24 July 2024
Reinsurance
Bermuda reinsurer to change name
The move follows its acquisition of two leading US life and annuity companies.   23 July 2024
Technology
Former SCOR boss and Guy Carpenter EMEA CEO appears at insurtech
The executive to provide strategic advice for global expansion.   24 July 2024
Technology
NN Group unit partners with DGTAL to test AI-powered claims processing
The partnership aims to leverage new technologies to improve data processing in insurance.   24 July 2024

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