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Insurance
Ransomware is the most prevalent variety of malicious software and attacks doubled since 2017, according to Verizon’s 2018 Data Breach Investigations Report (DBIR). 10 April 2018
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired Houston-based retail property/casualty broker Integrity Transportation Insurance Agency. 10 April 2018
Insurance
The London Market Group (LMG) has appointed Andrew Horton, CEO of Beazley as its new chair with effect from May 4, 2018. 9 April 2018
Insurance
The global re-Takaful market has suffered from poor quality business underwriting intrinsically linked to the underperformance of the primary Takaful sector, said Dave Matcham, chief executive of the International Underwriting Association in a speech delivered April 9 at the World Takaful Conference in Dubai. 9 April 2018
Insurance
The total transaction volume of insurtech merger and acquisitions (M&As) in Asia hit $460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalization, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson. 9 April 2018
Alternative Risk Transfer
The US Federal Emergency Management Agency (FEMA) plans to secure additional reinsurance cover for the National Flood Insurance Program (NFIP) by engaging the capital markets for the first time through an insurance-linked securities (ILS) transaction on or about July 1, 2018. 4 April 2018
Insurance
Swiss Re CEO Christian Mumenthaler has explained how the reinsurer is looking to invest in technology while it is, at the same time, likely to make acquisitions in life insurance businesses. 4 April 2018
News
JLT Re North America, a subsidiary of Jardine Lloyd Thompson Group, has made three executive appointments to strengthen its business across the region. 4 April 2018
Insurance
Lloyd’s Broker Endeavour Insurance Services has launched a new cyber security coverage programme that aims to fill a gap in the market covering manufacturers from the risk of physical damage caused by cyber-attacks. 4 April 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has secured $165 million to fuel its next phase of growth. 4 April 2018
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