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Operational and legal complexities, as well as preparing for the tight reporting window for breach notification are the main challenges that re/insurers have met on their path toward complying with the implementation of the EU’s General Data Protection Regulation (GDPR) effective May 25, 2018. 23 May 2018
Insurance
The insurance council has also decided to appeal the decision of the first test case. 9 December 2020
Insurance
The UK’s Prudential Regulatory Authority (PRA) has sent a request to the country’s largest general insurers to provide information about the impact of a range of stress tests on their projected Own Funds, as well as providing additional information on their sectoral exposures to the UK economy. 12 April 2017
Insurance
Specialty managing general agent (MGA) Nexus Group said that Charles Penruddocke has joined as non-executive deputy chairman of Nexus CIFS and Equinox Global in a Nov. 2 statement. 3 November 2017
Insurance
American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals. 18 July 2018
Insurance
Allianz, AXA, Aviva, Generali, Mapfre and Zurich—each one is the flag carrier for its country, with a reputation synonymous with its home insurance market. 1 September 2010
Insurance
An effective D&I strategy is becoming more than just a desirable agenda item for re/insurers—many are realising the tangible benefits it can foster in terms of innovation, creativity, and the bottom line. Intelligent Insurer reports. 2 February 2021
Alternative Risk Transfer
Blue Capital, a Bermuda-based holding company which offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities posted net income of $3.3 million for the third quarter of 2016, compared to $4.4 million for the same period in 2015. 1 November 2016
News
Everest Reinsurance Company (Everest Re) has appointed Darwin Lucas as vice president and head of US casualty programmes for all general casualty and professional liability lines of coverage within the facultative reinsurance division. 16 August 2017
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
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