News – Page 94
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NewsCyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
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NewsFrance Europe’s most complex country for business
For the UK, the conclusion of Brexit, along with new international trade agreements, brings increased clarity and stability
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NewsLondon market told to maintain pace of change post-pandemic
The London market has to drive the pace of transformation in the insurance industry after last year pressed the “alt, control, delete keys on the world”, brokers and underwriters have been told.
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NewsAfrican-Caribbean Insurance Network wins CII Public Trust Award
The African-Caribbean Insurance Network (ACIN) was awarded the Talent Attraction Initiative of the Year Award at the Chartered Insurance Institute (CII) Public Trust Awards yesterday (24 June 2021).
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NewsSwiss Re sees rising premium trend intact
The trend of rising reinsurance premiums, driven by high claims payments related to the coronavirus pandemic and a record hurricane season, is continuing as the next policy renewal round looms on July 1, Swiss Re said on Thursday.
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NewsChaucer launches their new Belt & Road Consortium at Lloyd’s
Working with China Re, Chaucer’s parent company, the consortium will provide large-scale capacity of up to US$400m for political violence related risks to companies working on China’s Belt and Road Initiative, including approved investment risks from the BRI Green Committee.
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NewsPrince Charles and global insurance industry join forces on climate change
His Royal Highness (HRH) The Prince of Wales has launched a new Sustainable Markets Initiative (SMI) Insurance Task Force partnership during his visit to Lloyd’s of London today.
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NewsSoaring insurtech investment to impact actuary work and job opportunities – IFoA
The increasing investment in the insurtech sector will have an impact on the type of work actuaries carry out and the job opportunities available, according to the latest report from the Institute and Faculty of Actuaries (IFoA).
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NewsBanks scoops windfall as reinsurer buys his broking group
Arron Banks has scooped a windfall after Arch Reinsurance revealed its plans to acquire his companies.
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NewsS.Korea’s major insurers say will stop underwriting new coal power
DB Insurance, Hyundai Marine & Fire Insurance and Hana Insurance, said they will stop underwriting coal power projects.
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NewsRegulatory scrutiny, lawsuits over SPAC transactions fuel D&O insurance sticker shock
Companies going public through a merger with a special purpose acquisition company, or SPAC, are facing skyrocketing premiums for directors and officers’ liability coverage due to the higher risk of litigation and increased regulatory scrutiny.
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NewsCyber attack volumes grow for APAC firms
89% and 82% of Australian and Singaporean cybersecurity professionals said attacks increased due to remote working
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NewsAriel Re announced that it has sponsored its first 144A index-triggered catastrophe bond
Titania Re will provide USD 150 million of multi-year collateralised reinsurance cover to Ariel Re using an indexed industry loss trigger, protecting against North American named storms and earthquakes.
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NewsGenerali expands presence in Malaysia via Axa deal
The deals will turn Generali into the second-biggest player in Malaysia’s Property and Casualty (P&C) insurance market while also allowing the company to enter the local life insurance sector, it said on Tuesday.
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NewsTornado sweeps through suburban Chicago, causing damage
A tornado swept through communities in heavily populated suburban Chicago, damaging more than 100 homes, toppling trees, knocking out power and causing multiple injuries, officials said.
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NewsWork from home drives greater cyber attack volumes
Close to 80 percent of organisations experienced cyberattacks due to more employees working remotely
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NewsAIR updates US terrorism model
New version more comprehensively models the extent of damage from conventional bomb blast attacks
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NewsSuez Canal Authority claim hearing potentially adjourned after ‘long and arduous’ negotiations
UK P&I Club, the protection and indemnity insurer for cargo ship Ever Given, which ran around in Egypt’s Suez Canal in March, confirmed yesterday (20 June 2021) its desire to adjourn the state-owned Suez Canal Authority’s clams hearing following “long and arduous” negotiations.
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NewsCFC Syndicate 1988 starts trading
Cyber-focused MGA CFC Underwriting has confirmed that its Lloyd’s of London syndicate - CFC Syndicate 1988 – has incepted and begun trading today
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NewsAviva partners with WWF on industry action plan to achieve net zero targets
Amanda Blanc says the collaboration will ’ensure the financial sector gets its act together’ around working towards net zero
