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Insurers will have to delete two thirds of the records they hold on past customers, losing a vital sales pipeline, under new data protection laws, research from Consumer Intelligence and fast.MAP suggests. 25 May 2017
Alternative Risk Transfer
Issuance volumes of cat bonds fell in the 12 months to June 30, 2018, but this is not a true reflection of the market’s inherent robustness as it continues to mature and evolve, according to Aon’s latest ILS report. 29 November 2018
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian. 3 December 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
Berlin-based digital insurance start-up Coya raised a seed investment of over $10 million from investors including Valar Ventures, the venture fund backed by Peter Thiel. 31 August 2017
News
Brian Ingle will lead the analytics team for Willis Re North America following Alice Underwood’s appointment as head of risk consulting and software (RCS) business, the company announced today. 30 June 2017
Insurance
Randall and Quilter Investment Holdings (R&Q) has sold the entire issued share capital of its Norwegian service company R&Q Triton to Gabler. 30 June 2017
Insurance
The producer of a planned Gregg Allman biopic film has filed a lawsuit with Los Angeles Superior Court accusing New York Marine and General Insurance of allegedly refusing to pay more than $1.6 million in losses stemming from a deadly on-set accident. 18 August 2014
Insurance
Arch Insurance Group has appointed James Slate as senior vice president and head of accident and health (US), based in Jersey City. 30 September 2016
Insurance
The re/insurer seeks to create a new regionally-focused operating model to be closer to clients and brokers. 9 October 2020
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