All News articles – Page 83
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NewsLaurent Rousseau to succeed Denis Kessler as Chief Executive Officer of SCOR
The Board’s appointment of Denis Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
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NewsConduit hits target in first quarter
The company, part of the Class of 2020 start-ups on the island, reported estimated ultimate premiums written of $199.1 million in the quarter versus approximately $160 million announced in its January trading statement.
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NewsNectaris Re launches in Bermuda
Nectaris Re Ltd is the newest member of Bermuda’s re/insurance Class of 2020/21.
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NewsRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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NewsFM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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NewsColonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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NewsHail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing
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NewsBeazley’s GWP doubles to 16%
Lloyd’s market specialist insurance and reinsurance underwriter Beazley has reported its gross written premium (GWP) doubling by 16% to $971m in its first quarter trading results for 2021.
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NewsBy Miles and Covéa Insurance enter new UBI partnership
Covéa Insurance and insurtech By Miles have entered a new partnership catering to the increasing demand from customers for usage-based insurance (UBI).
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NewsZurich’s premium up by 14% in property and casualty
Zurich has reported a strong top line with its gross written premium (GWP) in the property and casualty (P&C) segment increasing by 14% to $11m (£7.78m), this was $9.67m in 2020.
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NewsAllianz Holdings records 10.6% drop in GWP for Q1 2021
Allianz Holdings, which comprises of Allianz Insurance and LV= General Insurance, has recorded a 10.6% drop in gross written premium (GWP) for the first quarter of 2021 – this has fallen from £1026m in 2020 to £917m this year.
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NewsAon and Willis Towers Watson (WTW) Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher
Aon and WTW today announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. (Gallagher). These businesses will be divested for a total consideration of $3.57 billion. ...
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NewsPhysical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
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NewsTerror risk grows as lockdown eases
Public transport and facilities remain an attractive target for terrorists as passengers return, warns Pool Re
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NewsCloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube
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NewsRSA takeover set to complete by end of May
RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurer Tryg will complete by the end of May, as it has now received the required regulatory approvals.
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NewsBriefing: Henderson-Aon deal shows consequences of consolidation
Joe Henderson’s new broker is a direct rival to Aon - and there are consequences
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NewsInsurercore sets sights on US and Irish markets amid platform relaunch
Digital risk appetite directory Insurercore has set its sights on the US and Irish insurance markets after the Covid-19 lockdown helped to bolster business on its platform.
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NewsInsurer AXA halts ransomware crime reimbursement in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.
