News – Page 76
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NewsUK consortium to tackle systemic risk
Backed by Pool Re, it will support the creation of private-public solutions and develop new risk transfer products
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NewsUS Xinjiang bill demands full supply chain visibility
Key challenge for companies is to determine traceability of their often highly complex supply chains
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NewsLloyd’s of London reveals new operational structure behind Blueprint Two
Initially published on 5 November 2020, Blueprint Two is the delivery phase of the market’s Future at Lloyd’s strategy, which is focused on modernising the marketplace through digitalisation.
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NewsCyber threats ‘growing faster than ability to prevent and manage them effectively’
The recent ”intensification” of cyber attacks indicates that ”cyber threats are now growing faster than our ability to prevent and manage them effectively”, according to Carolina Klint, risk management leader for continental Europe at broker Marsh.
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News84% of leaders concerned about world outlook – World Economic Forum
Around 84% of global experts and leaders are worried or concerned about the outlook for the world, according to research by independent international organisation the World Economic Forum (WEF).
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NewsInternational Underwriting Association reveals 2022 business plan
The International Underwriting Association (IUA) has published its business plan for 2022, setting out clear focuses around climate risk, business interruption, regulatory changes and pandemic responses.
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NewsReuters: U.S. insurers must cover eight at-home COVID tests per person monthly - White House
Insurance companies will be required to cover eight over-the-counter at-home coronavirus tests per person each month starting Saturday, the Biden administration said, expanding access to highly sought-after kits as Americans grapple with a surge in coronavirus cases. The White House also said on Monday that there is no limit to ...
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NewsMunich Re: Hurricanes, cold waves, tornadoes: Weather disasters in USA dominate natural disaster losses in 2021
Worldwide, natural disasters caused substantially higher losses in 2021 than in the two previous years. Based on provisional data, storms, floods, wildfires and earthquakes destroyed assets worth US$ 280bn.
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NewsClimate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
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NewsWEF Report: Climate inaction dominates global concerns
Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on
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NewsD&O rates in the UK ‘are not out of the woods yet’ – Gallagher
Despite supply challenges surrounding D&O insurance, increased awareness of ESG factors could encourage more entrants to this market, reports broker
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NewsCII’s Society of Insurance Broking to focus on attracting fresh talent to sector in 2022
Kevin Hancock, SIB’s chair and Yutree Insurance’s managing director, said: “We must do more to make insurance a more accessible degree course and to increase the availability and awareness of insurance apprenticeships, which are both excellent routes into our profession.
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NewsTractable chosen as US-based insurtech’s AI partner
US insurtech Root Insurance has chosen artificial intelligence (AI) company Tractable to help it streamline and develop its claims operations.
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NewsChina port restrictions spells further supply chain disruption
A week’s delay of essential trade at Ningbo could impact $4 billion worth trade, warns Russell Group
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NewsRansomware will continue to evolve in 2022
After a year of unprecedented ransomware attacks, Beazley’s Raf Sanchez warns the worst is yet to come
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NewsNick King joins Miller to lead Marine expansion in Singapore
King joins from Howden Specialty Asia Pacific where he was most recently a Divisional Director. Prior to that he held positions at JLT Re and Aon Singapore.
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NewsBrit appoints chief technology officer from Swiss Re insurtech startup
(Re)insurance business Brit has appointed Bilge Mert as its new chief technology officer, to help the firm deliver a data driven and technology empowered platform for underwriting, claims and operations.
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NewsTarian Underwriting sold to US cyber insurtech
Insurance investor Beat Capital Partners (Beat) has today (4 January 2022) announced the sale of cyber insurance specialist Tarian Underwriting to artificial intelligence driven commercial insurance provider Corvus Insurance.
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NewsD&O risks in 2022 defined by COVID and diversity
Brokers have flagged emerging D&O risks, including COVID liabilities and ESG considerations
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NewsArdonagh to buy ‘perfect match’ Lloyd’s broker
Ardonagh has found the ‘perfect match’ with the acquisition of Portuguese Lloyd’s broker MDS. The Porto-based broker also has offices in Angola, Mozambique, Spain, and Malta.
