Despite the fact that a high percentage of senior decision makers in large companies are concerned about the threat of cyber attacks, a high proportion of businesses still fail to buy insurance coverage against this threat.
The Risk and Insurance Management Society (RIMS) has written to US government officials disagreeing with the Administration’s Proposed 2014 Budget that includes an effort to eliminate the tax deduction for reinsurance premiums ceded by domestic insurers to their foreign affiliates.
QBE has appointed Sebastian Rice into its trade credit division as a senior underwriter.
Miller’s Singapore office has appointed Nick O’Neil into a new business development and client-servicing role.
ACE Medical Risk Group has launched an array of physician professional liability insurance products and coverage services to support hospitals and healthcare facilities for their employed physicians, and their owned or affiliated medical groups.
Allied World Assurance Company Holdings has appointed Sarah Doran as senior vice president, investor relations and treasurer.
Ryan Specialty Group’s (RSG) Sapphire Blue and Lloyd’s Catlin Underwriting Agencies have launched a new liability insurance programme specifically designed to target small rural and specialty hospitals in the US.
ACE has established a new $95 million sidecar, Altair Re, which will provide collateralised capacity for its global reinsurance business.
ACE Group has appointed Udo Wegerhoff as environmental insurance manager covering the Germanic region in a move to strengthen its environmental offering across Continental Europe.
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings, has formed a new division dedicated to dealing with the capital markets and the alternative reinsurance market.