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Insurance
Insurers based in the UK are creating new entities in the EU to ensure access to the market after Brexit, but the move is set to involve low numbers of staff, Standard & Poor’s suggested in a May 16 briefing in London. 17 May 2017
Insurance
Property/casualty insurer Chubb has appointed Lord Adair Turner as non-executive chairman of two of its key European companies - Chubb European Group and Chubb Underwriting Agencies. 17 May 2017
Insurance
Large-scale ransomware attacks, such as the ‘WannaCry’ on May 13-15, are highlighting the vulnerabilities in companies’ IT systems, which is in turn likely to increase the demand for related insurance protection. But Fitch Ratings warns insurers against aggressive expansion. 17 May 2017
Insurance
Cyber insurance is one of the fastest growing business segments, but poses a unique set of challenges, as proved by the recent global ‘WannaCry’ cyber attack which hit more than 150 countries and affected computers in factories and hospitals. Intelligent Insurer explores four threats making insurers rethink their coverages and general approach to cyber. 17 May 2017
Insurance
The insurance industry opposes ideas put forward in a European Commission consultation to either transfer some conduct of business powers from the European Insurance and Occupational Pensions Authority (EIOPA) to the European Securities and Markets Authority and/or to merge EIOPA with the European Banking Authority. 17 May 2017
Insurance
Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly. 16 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit 150 countries are expected to become more frequent and expose the cyber protection gap in the global economy, according to experts. 15 May 2017
Insurance
Nirvana Risk Partners, an underwriting cell on Castel Underwriting Agencies' managing general agent (MGA) formation platform, has appointed Glenn Crickmar as underwriter to expand the team's specialist media, technology and cyber liability capabilities. 15 May 2017
Insurance
Italian insurer Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017. 15 May 2017
News
Gen Re, a Berkshire Hathaway company, is the latest reinsurer to receive approval (R3 license) from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai. 15 May 2017
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