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Substantial and high-profile security breaches in recent years, combined with the general fear factor that has arisen from the threat of cyber-attacks, are combining to lead to a huge surge in demand for cyber insurance in the US, UK and Europe that will continue well into 2017, reports and experts indicate. 9 January 2017
Insurance
Two specialist Lloyd’s underwriters, ICAT Syndicate 4242 and Neon, have completed an agreement that will see them offer additional per risk capacity to the Bermuda Property Direct and Facultative (D&F) market. 6 January 2017
Insurance
The Council of Lloyd’s has appointed Richard Pryce, chief executive officer of QBE European Operations, as a non-executive director of the franchise Board with immediate effect. 6 January 2017
Insurance
Asta, a third party managing agency at Lloyd’s, has appointed Neil Griffiths to a newly-created position of head of regulatory operations, to strengthen its senior management team. 6 January 2017
Insurance
The fear factor of an impending and costly cyber attack is driving rapid growth in this market, according to a survey by specialist lines underwriting agency CFC Underwriting conducted at the 2016 Cyber Symposium in London. 5 January 2017
Insurance
The US subsidiary of broker Jardine Lloyd Thompson Group (JLT) has appointed Paul Cohen as senior vice president to build its global fine art, jewellery and specie practice, based in Orange County, California. 4 January 2017
Insurance
Ryan Specialty Group (RSG) has acquired the Nordic operations of Navigators for an undisclosed amount, and the regional offices associated with the deal renamed RSG Sweden and RSG Denmark. 4 January 2017
Insurance
Specialist insurer Markel International has hired Johan Haggo as a senior underwriter in its personal accident, contingency and entertainment (PACE) team. 4 January 2017
Insurance
Inga Beale, the chief executive of Lloyd’s, has been made a dame in the UK’s New Year’s Honours List for her services to the economy. 3 January 2017
Insurance
A new Polar Code, a code of practice for ships operating in the Arctic and Antarctic which came into force on 1 January 2017, will provide critical risk mitigation directives and support to underwriters writing marine risk in polar waters, according to the International Union of Marine Insurance (IUMI). 3 January 2017
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