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Re/insurers urged to ‘urgently’ stress test threat of Russian cyber attacks
Insurance
Re/insurers urged to ‘urgently’ stress test threat of Russian cyber attacks
War in Ukraine has triggered a fundamental shift in the cyber threat landscape, finds CyberCube.   4 March 2022
Global Risk Partners snaps up Cardiff broker to expand presence in South Wales
Insurance
Global Risk Partners snaps up Cardiff broker to expand presence in South Wales
Its chief executive claims South Wales is an important growth area for the group.   4 March 2022
QBE sells ‘attractive’ $375m US insurance agency; maintains ‘limited’ exposure to Ukraine war
Insurance
QBE sells ‘attractive’ $375m US insurance agency; maintains ‘limited’ exposure to Ukraine war
QBE will no longer own any agency businesses in North America, wants to shift focus to commercial, speciality and crop.   4 March 2022
Insurance
US Feds moving to identify climate-related regulatory gaps in oversight regime
Insurance advisory unit FIO also studying climate impact on insurance gaps by demographic.   4 March 2022
Insurance
Lloyd’s calls out worst practices in nat cat; vows tough talks with underperforming MGAs in review
Lloyd’s ready to corner underperforming agents that didn’t keep the pace in recent remediation.   4 March 2022
Insurance
LMA ‘pushing hard’ to see a new Lloyd’s emerge with data-first mindset
The LMA intends to step up to improve Lloyd’s underwriting and cement its standing in the market.   3 March 2022
Insurance
AXA XL bolsters E&S excess casualty with WTW and Arch hires
Challenges remain in admitted insurance markets with capacity constraints and rates still climbing, says insurer.   3 March 2022
Insurance
US broker Brown & Brown to acquire E&S property MGU Orchid and CrossCover
TowerBrook-owned Orchid is a specialty underwriter of catastrophe-exposed property insurance.   3 March 2022
Insurance
Cowbell taps former Markel/TransRe cyber head as chief insurance officer
Cowbell aims to ‘revolutionise’ the way enterprises evaluate cyber risk and buy cyber insurance.   3 March 2022
Insurance
Hiscox seeks more rate gain in reinsurance to assure margin through the cycle
Hiscox Re & ILS unit swung to a $91m underwriting profit in 2021 on 64 pps cut to combined ratio.   2 March 2022

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