News
Insurance
An increased reliance on digital technology due to the competitive environment brought on by so-called ‘Industry 4.0’ has created more complex and harmful exposures to cyber events. 13 June 2017
Insurance
From the impact of the UK Financial Conduct Authority business interruption test case, and other BI cases around the world, to the ongoing hardening market, 2020 is expected to leave quite a legacy for 2021. Industry leaders share their hopes, fears and warnings as we head towards the New Year. 23 December 2020
Insurance
Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR. 12 September 2018
Insurance
Specialist reinsurance broker Capsicum Re has launched a new New York cyber hub, led by Patrick Bousfield who has been promoted to executive director. 4 June 2018
Insurance
Insurtech Trace Isys has appointed Simon Howden as chief executive officer of the company. 1 June 2017
Insurance
As Michael Gove, a senior minister in Prime Minister Boris Johnson’s new government, told the UK’s Sunday Times newspaper that the government was working to the assumption of a no-deal Brexit, the London Market Group (LMG) has published its Brexit update report ‘A new relationship with the European Union’. 29 July 2019
Insurance
Property/casualty insurer Chubb is creating a standalone cyber risk business under Bill Stewart as division president. 12 July 2017
Insurance
Some insurers are implementing only the minimum data protection standards as required in a jurisdiction—but this approach will cause problems for them, according to Darren Wray, CEO of consultancy firm Fifth Step. 13 September 2017
article
Both profits and growth dipped at Italian insurer Generali in the first quarter as the company blamed a more disciplined underwriting approach in its life business and a lower investment result due to its policy of reducing realised gains. 11 May 2017
Insurance
Catastrophe losses stemming mainly from the three the hurricanes and wildfires that hit the US last year cost Berkshire Hathaway some $3 billion and led to heavy underwriting losses in its re/insurance units. But Warren Buffett, the company’s chairman, was quick to stress that such years are rare and prior to 2017 the company had recorded 14 consecutive years of underwriting profits. 26 February 2018
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