News
Insurance
With implementation of the European General Data Protection Regulation looming, companies could be faced with hefty penalties should they not meet the new data security demands. Many firms are unprepared but there is also the possibility the fines could be insured, meaning this is now a double-edged sword for insurers. Intelligent Insurer investigates. 27 July 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Stephanie Doggart as marine underwriter within its preferred partners team. 25 July 2017
Insurance
The UK government has brought in new regulations that have created what it calls a competitive regulatory and tax regime for Insurance Linked Securities (ILS) which will ensure that UK gets a share of this rapidly growing market. 24 July 2017
Insurance
Blue Marble Microinsurance has partnered with the Nature Conservancy organisation to develop insurance solutions for mitigating risks faced from climate change, including increased floods, storms and droughts. 24 July 2017
Insurance
The risk transfer industry in London including Inga Beale, the chief executive of Lloyd’s, has welcomed new regulations detailed by the UK government designed to ensure the UK captures a share of the market. 21 July 2017
Insurance
There was a 248 percent increase in Insurtech funding volume to reach $985 million during the second quarter of 2017, driven by a record number of transactions, as well as several large investments in capital intensive carrier start-ups globally. 21 July 2017
Insurance
Ironshore International’s Pembroke Managing Agency, the third-party managing agent for Patria Re, a Lloyd’s approved Special Purpose Arrangement (SPA), has added a number of treaty property leaders to the Patria Re underwriting team. 17 July 2017
Insurance
TransRe has appointed a global head of business development – a newly-created position within the company. 17 July 2017
Insurance
Arnott Marine, a part of Castle Insurance Services, has appointed Brian Sullivan as broker relationship director to focus on developing its cargo underwriting capability to small and medium sized brokers in the UK. 17 July 2017
Insurance
Specialty managing general agent (MGA) Nexus Group has acquired Lloyd’s coverholder Equinox Global and all other Equinox group companies. 17 July 2017
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