Insurers that embrace technology will be the long-term winners.
QBE Insurance Group has invested in cyber risk management firm Zeguro’s $5 million seed funding round through its venture capital arm QBE Ventures while creating a cybersecurity solution for small to medium enterprises (SMEs) in a partnership.
Berkshire Hathaway stayed in the black in 2018 helped by its P&C and life and health insurance divisions, but its profits were hit by new accountancy rules that Warren Buffett, its chairman, criticised.
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed James McPartland as an underwriter in its professional indemnity team. He takes up his new position with immediate effect and will report to Ryan Barnes, class underwriter.
It is CFC’s second acquisition in six months, following its acquisition of incident response firm Solis Security.
The executive also worked at AXA Asia for eight years.
Denis Pehar, member of the management board at VIG Re, who currently heads up business from non VIG companies and Retrocession, is stepping down after the 2013 1/1 renewals.
More than 80 percent of 571 physician respondents believe that electronic health records impede patient care, and 47 percent believe it endangers patient safety.
She will help to advance international programme offerings in the region.
Bermuda is winning an increasing amount of new captives business from Latin America as a greater variety of companies from the region explore this form of risk transfer and choose Bermuda as their domicile of choice.