All News articles – Page 84
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FCA urges firms to beef up cybersecurity amid Ukraine tensions
Businesses must take a more active ‘defence-in-depth’ approach to combat ransomware reprisal attacks
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Zurich UK returns to pre-pandemic level with £450m operating profit
Zurich UK has returned to its pre-pandemic level with a business operating profit of £450m for the year ending 31 December 2021, according to its year-end financial results, published today (10 February 2022).
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Chaucer and Moody’s launch ‘game changing’ ESG scorecard
Tool will evaluate businesses’ risks and opportunities based on 158 different ESG metrics
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Howden snaps up Willis Towers Watson chief executive to head France
Insurance intermediary firm Howden has appointed former Willis Towers Watson (WTW) GB boss Nicolas Aubert as its chief executive of France.
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Gallagher Re: 2021 third largest cat year for re/insurers
Reinsurance broker urges a rethink of the impact from “secondary perils” as extreme weather events drive loss tally
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Hard market continues with cyber rates up 130% in Q4
It was the 17th consecutive quarter of commercial insurance price increases, according to Marsh
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Insurtech MGA using parametric call to brokers after $120m funding
Insurtech MGA Descartes Underwriting has raised $120m as it looks to expand relationships with brokers.
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Lloyd’s plan for consistency in face-to-face meetings amid rise in home working
Transparency on when underwriters will be available in person is needed
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Lloyd’s of London launches interactive guide and road map for Blueprint Two
Blueprint Two, which was first published in November 2020, sets out the planned implementation of new digital solutions for the Lloyd’s market - these aim to make transactions faster and cheaper for participants.
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Insurtech receives ‘in principle’ approval for Lloyd’s syndicate in a box
Insurtech Micro Insurance Company (MIC) Global has received ‘in principle’ approval from Lloyd’s for the creation of a syndicate in a box (SIAB), called MIC 5183.
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Global catastrophes cost $343 billion in 2021 - Aon
European floods in July were the costliest disaster on record for the Continent at $46 billion
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Ukraine-Russia tensions call for greater cyber resilience
GCHQ is urging UK firms to bolster their cyber security in response to the malicious attacks in and around Ukraine
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AXA XL launches environmental risks service
Corporates can better understand their environmental exposures by tapping into multiple data sources and advanced analytics
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COCorporates facing ‘resilience fatigue’ - Beazley
Institutional burnout is a particular threat in pandemic-exposed sectors such as health, travel, education and hospitality
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Aegis London promotes internally for new chief underwriting officer
Aegis London, which operates Lloyd’s Syndicate 1225, will promote Matthew Yeldham to chief underwriting officer (CUO) in July 2022.
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Laka raises $12m to build e-mobility insurtech in Europe
Insurtech Laka has raised $12m (£8.8m) in a series A funding round - this will be used to build an e-mobility insurtech in Europe.
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Insurtech Send Technology Solutions makes US debut via partnership
UK insurtech Send Technology Solutions (Send) has revealed its first partnership in the US, with specialty liability insurance provider Bowhead Specialty Underwriters (Bowhead).
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WTW hires ex-Lloyd’s chief digital officer to lead commercial lines strategy
Willis Towers Watson (WTW) has hired former Lloyd’s of London chief digital officer Louise Smith, to help the broker fast track its digital trading capability.
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Aon bolsters UK leadership team with new COO
Global professional services firm Aon has bolstered its UK leadership team, with Katy Whelan taking the reigns as its new London chief operating officer (COO).
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Lloyd’s looks to relocate after more than three decades in current home
Lloyd’s of London has hinted at making an office move in 2022 as it considers whether to remain in its London headquarters following increased homeworking as a result of the Covid-19 pandemic.