News

Insurance

Firms ‘struggle’ to build strong cybersecurity culture’ as leaders spend less than a day a year on cyber risk, finds Marsh

A majority of board members and senior executives with responsibility for their organisation’s cyber risk management spent “less than a day in the last year” focusing on cyber risk issues, according to a survey from insurance broker Marsh and tech company Microsoft.   18 September 2019

Insurance

World economy could lose 18% GDP from climate change if no action taken – Swiss Re

More action is required than what is pledged today; public and private sectors will play a crucial role in accelerating the transition to net zero, says Swiss Re Institute.   22 April 2021

article

Pardus launches A&H division

Pardus, the London-based independent managing general agent (MGA), has launched an accident and health (A&H) division.   21 December 2015

Insurance

QBE partners with AmWINS to expand specialised portfolio

QBE North America, a specialist insurer and an operating division of Australia-based QBE Insurance Group, has partnered with AmWINS Program Underwriters (APU) to offer errors and omissions (E&O) coverage for architects, engineers and design (A&E) businesses.   18 July 2018

Insurance

Arthur J Gallagher poaching case reveals 'hostile, unguarded' exchanges

A court case brought by Arthur J Gallagher (AJG) against the Ardonagh group, for allegedly poaching a team of employees, has highlighted “hostile, unguarded” internal exchanges at AJG.   14 March 2019

Insurance

Everest Re hires reinsurance chief claims officer from Chubb

Bermuda-based Everest Re Group has appointed Ike Barbatsoulis as chief reinsurance claims officer for Everest’s reinsurance division.   14 August 2018

Insurance

BMS poised for 'strong profitable growth' as it secures major investment from BCI and PCP

BMS Group has secured a long-term equity investment, which values the specialist re/insurance broker at £500 million, from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).   9 October 2019

Insurance

RSA appoints new CEOs of Ireland and Scandinavia

RSA Insurance Group has appointed Kevin Thompson as the new chief executive of its Irish business, RSA Ireland, replacing Ken Norgrove who is moving to the role of CEO of Codan/Trygg-Hansa, the company's Scandinavian business.   16 September 2019

Insurance

Property boosts growth at Beazley but it quits construction and engineering

Beazley enjoyed solid growth in the first nine months of the year, partly driven by big increases in its property unit and average rate increases on renewal business of 3 percent; it also revealed it will cease underwriting construction and engineering business because of unsustainable rates in these sectors.   8 November 2018

Insurance

Australian bushfire peak property losses estimated at A$1.56bn - PERILS

Losses to the insurance industry are the highest ever for bushfires for seven consecutive days.   17 February 2020

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