Articles
Insurance
The direct cyber incident losses for the Marriott breach will be between $200 million and $600 million, according to estimates by catastrophe risk modelling firm AIR Worldwide. 19 December 2018
News
Though cyber risk is a distinctly global threat, the cyber insurance markets in the US and the EU have developed in different directions both in terms of products and pricing. This has consequences for players that are eager to take advantage of the significant growth potential of this line of business, as Intelligent Insurer discovers. 18 December 2018
Insurance
Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings. 17 December 2018
Insurance
Munich Reinsurance America has appointed Michael Kerner as CEO for Munich Re Specialty Insurance, a new commercial insurance unit in North America. 17 December 2018
Insurance
Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director. 17 December 2018
Insurance
Starr Insurance Companies’ Brazilian subsidiary, Starr International Brasil Seguradora, has been granted a local license to offer aviation insurance. 14 December 2018
Insurance
AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions. 13 December 2018
Insurance
Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS). 13 December 2018
Insurance
Foreign reinsurers operating in India will now stand a better chance of winning business in the country after the Insurance Regulatory Authority of India (IRDAI) changed its rules around how domestic insurers buy reinsurance, according to media reports in India. 13 December 2018
Insurance
The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers. 13 December 2018
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