News – Page 124
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsAviva to sell entire Vietnam shareholding
The move adheres to Aviva’s strategy to focus on its UK, Ireland and Canada markets
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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People & OpinionHamilton enters environmental marketplace and appoints John Termini as US Head of Environmental Insurance
Since joining last month, Termini has been focused on building out his team, as well as developing the book of business, leveraging the Company’s Lloyd’s platform, with the long-term goal of providing a broad range of innovative product offerings to lead the market.
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NewsRise in cryptojacking could potentially hit insurers’ bottom lines – Guidewire’s Matt Honea
Cryptojacking is on the rise but massively under-reported, Guidewire’s director of cyber security tells Insurance Times why insurers should be aware of this emerging risk
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NewsArcadia collapse alludes to danger of trade credit fallout – Nimbla
The insurance invoice firm says Arcadia is ’just the tip of the iceberg’ and that ’many more defaults can be expected in 2021’
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People & OpinionBrit appoints new group chief financial officer from RSA Scandinavia
Specialty (re)insurer Brit has appointed Gavin Wilkinson as its new group chief financial officer, subject to regulatory approval.
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
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NewsZurich, Farmers to buy MetLife U.S. motor, home insurance business for $3.94 billion
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more profitable.
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NewsReuters: French insurer Macif steps up efforts to buy Aviva’s French arm - sources
French insurer Groupe Macif has stepped up efforts to buy Aviva’s French arm in a deal worth about 3 billion euros after an Allianz-led consortium bowed out amid firm resistance from French unions and local partners, sources told Reuters.
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NewsAegon to sell non-core and more volatile operations, cut costs, reduce debt
Aegon shares have fallen 42% over the past 5 years as it struggled to maintain adequate solvency.
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NewsTerrorism: West Africa a new hotspot
Increased instances of human rights violations by security forces pose a major reputational risk for some firms
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NewsAXA XL promotes Rose Hall to newly created role as Head of Construction Innovation
AXA XL’s North America Construction insurance business has promoted Rose Hall, P.E., formerly head Strategic Operations Manager for Construction Risk Engineering, to the newly created role as Vice President, Head of Construction Innovation, reporting to Gary Kaplan, president of AXA XL’s Construction insurance business. Commenting on the appointment, Mr. Kaplan ...
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NewsGlobal (re)insurance: capitalisation strong but low interest rates continue to weigh
Willis Re’s Strategic and Financial Analytics teams continue to monitor the financial impact on investment markets and global reinsurer capital positions.
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NewsSMEs are ‘most vulnerable’ to cyber attack
Cyber criminals consider SMEs a ‘sweet spot’ due to their lack of security controls and poor cyber hygiene
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NewsAon Report highlights a path toward “The New Better” in wake of COVID-19 Pandemic
Aon has published a global report, ”Helping organisations Chart a Course to the New Better,” which presents research, regional findings and trends on how organisations have responded to the novel coronavirus (COVID-19) pandemic to date and are adapting to prepare for other emerging long-tail risks.
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NewsMunich Re’s “Ambition 2025” sets new growth and results targets
With its Group Ambition 2025, Munich Re has specified a series of bold targets for the next five years
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NewsFlock enters flexible connected motor insurance market
It is also signing up a select number of forward-thinking fleet owners for an entirely usage-based insurance product, set for widespread availability in 2021
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NewsBlueprint Two is Lloyd’s ‘rubber hits the road moment’ – John Neal
Blueprint Two is Lloyd’s of London’s “when rubber hits the road moment,” according to its chief executive John Neal.
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