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The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln. 23 May 2018
Insurance
Hartford Financial Services Group is acquiring The Navigators Group for $2.1 billion in a move that will see the US insurer expand its offerings and underwriting risk appetite. 22 August 2018
Insurance
Global marine underwriting premiums for 2016 fell to $27.5 billion, a 9 percent reduction on the figure reported for 2015, the International Union of Marine Insurance (IUMI) said on Sept. 18. 18 September 2017
Insurance
CCR Re, the French government backed reinsurer formed last year to manage the open market reinsurance activities of parent CCR, has appointed Patrick Cerceau, Charles Levi and Antoine Mantel to its board of directors. 24 January 2017
Insurance
Investors expect the pace of the property/casualty insurance industry consolidation to accelerate, according to Morgan Stanley. 8 March 2018
Insurance
Ironshore said on Oct. 30 that it appointed three executives to underwrite specialty casualty risk in the US and the London Market. 30 October 2017
Insurance
The Lloyd’s Market Association (LMA) has appointed David Croom-Johnson, managing director of Aegis Managing Agency, to its board. 3 April 2018
Insurance
Insurers that embrace artificial intelligence and automation will gain a competitive edge that could help them swallow their rivals in the future, experts have said. 6 February 2019
Insurance
The Florida Office of Insurance Regulation (Office), Florida Department of Financial Services (DFS), and the Florida Office of the Attorney General (AG) have signed a national life claims settlement concerning the one-sided use of the Social Security Administration’s Death Master File (DMF) to stop paying a deceased person’s annuity. 5 August 2016
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The firm has partnered with Hiscox for the launch. 16 January 2020
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