The ongoing global uncertainties, including the current trade tensions, will continue to impact all marine lines of business, specifically cargo and offshore energy, predicts the International Union of Marine Insurance (IUMI), which represents 43 marine market insurance and reinsurance associations globally.
Brexit, technology and regulation lead the key concerns of insurers in the latter half of 2019, according to a report by law firm DAC Beachcroft.
Specialist insurer QBE North America, a part of the QBE Insurance Group, has enhanced its cyber insurance solution to include cyberattack prevention services as well as post-breach response assistance.
Insurtech platform Broker Buddha that simplifies the commercial insurance application and renewal process has raised $4.5 million in a funding round led by Vertex Ventures.
London-based reinsurance, wholesale and specialty broker Ed has appointed Simon Stovell as divisional director for its risk solutions team.
Israel-headquartered cyber risk modelling firm Kovrr has raised $5.5 million in its latest funding round led by venture capital firms StageOne Ventures and Mundi Ventures, with participation of Banco Sabadell and other private investors.
Environmental risks are biggest ESG factors for insurers and reinsurers, especially in Asia-Pacific, Fitch heat map reveals
Environmental risks are the biggest ESG factor for insurers and reinsurers, and Asia-Pacific is the region of most concern.
Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.
AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020.
UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent.