Articles

Insurance

Incidents of sextortion grow as cyber crime booms: Beazley Breach Response

Incidents of so-called sextortion, whereby criminals attempt to extort money from users of pornographic websites, are increasingly rapidly, according to Beazley Breach Response (BBR) Services, which said a growing number of commercial clients were targeted by this in the fourth quarter of last year.   21 February 2019

Insurance

Alleghany’s 2018 results show firm ‘not immune’ from cat losses

Alleghany Corporation’s president and CEO admitted the firm was “not immune” from above average catastrophe losses in 2018 as he announced the 2018 year end results.   21 February 2019

Insurance

Swiss Re hires Bronder from T-Systems to replace Wellauer as COO

Swiss Re has revealed that it has hired an executive from a Germany IT and consulting company to take over as chief operating officer in July. The reinsurer said the move is designed to strengthen its expertise in technology and digital transformation.   21 February 2019

Insurance

PartnerRe bolsters board with former Chubb CUO Jacques Bonneau

Bermuda-based reinsurer PartnerRe has appointed Chubb's Jacques Bonneau to its board of directors.   21 February 2019

Insurance

FCA identifies ‘some areas of concern’ in insurance broker market

The UK Financial Conduct Authority (FCA) has found no significant issues to “merit the introduction of intrusive remedies”, following its review of the wholesale insurance brokers market.   21 February 2019

Insurance

Nassau Re launches insurtech incubator in Hartford

US-based Nassau Re has launched an insurtech incubator to support start-ups focused on the life insurance, annuity and reinsurance industries.   21 February 2019

Insurance

Aspen gives $10m transaction bonus to ex-CEO O’Kane post Apollo takeover

Aspen has granted a $10 million bonus to its former chief executive officer Christopher O’Kane and $1 million to group chief financial officer Scott Kirk for assisting the Bermuda-based re/insurer with its $2.6 billion merger deal.   20 February 2019

Insurance

Willis Re swoops for Canopius exec to build agriculture business in Asia

Willis Re, the reinsurance division of broker Willis Towers Watson, has set up an agriculture team in Asia Pacific with the appointment of Canopius executive David Gregori.   20 February 2019

Insurance

JBA broadens access to Sri Lanka flood model via Simplitium’s ModEx platform

Flood risk modeller JBA Risk Management has released its Sri Lanka flood model on Simplitium’s ModEx platform. The initiative aims to broaden accessibility to the Sri Lanka model for both the insurers and the wider Disaster Risk Reduction (DRR) community.   20 February 2019

Insurance

Spanish and German CPRI figures show shift in claims trends, says BPL Global

Spain and Germany were in the top 10 countries for credit and political risk insurance (CPRI) claims by value over the past three years, highlighting a change in collection trends, a report by specialist broker BPL Global has found.   20 February 2019

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