Reinsurance News
Your search for “cyber”
Reinsurance News Monte Carlo Executive Roundtable 2019
23rd October 2019
Introducing Reinsurance News’ first ever Monte Carlo Rendezvous Roundtable event, where industry executives examined disruption, catastrophe modelling and other key fundamental shifts currently sweeping the market. With our executive panel spoilt for topics to pick apart and discuss, focus first settled on the record catastrophe years in 2017 and ... Read the full article
Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden
21st October 2019
At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article
Rate divergence continues for upstream & downstream energy: Marsh JLT Specialty
17th October 2019
A new report from Marsh JLT Specialty has highlighted the ongoing divergence in rates between upstream and downstream energy markets, as the upstream market continues to struggle to achieve meaningful increases. In contrast, downstream energy rates are gaining more traction, driven by withdrawals and cutbacks in capacity. Other specialty lines – including ... Read the full article
Price Forbes sets up US healthcare practice, names heads
15th October 2019
Independent Lloyd's of London insurance broker Price Forbes has launched a US Healthcare practice, to be led by Paul Voller and David Fairbank. Based out of London, the practice will arrange insurance, captive reinsurance and treaty protection for Price Forbes clients, complimented by placements for cyber protection. Voller most recently served as ... Read the full article
EmergIn Risk announces key hires to Miami, NYC offices
14th October 2019
EmergIn Risk, part of Ryan Specialty Group, has appointed David Overton and Ryan Kratz as director of sales and underwriter-cyber, respectively. Based in the EmergIn’s newly opened Miami office, Overton will oversee the development of growth globally and distribution strategy. He brings over 20 years’ experience and joins from Integro Insurance Brokers, ... Read the full article
Climate & tech disruption top CEO concerns in 2019, reports KPMG
14th October 2019
A new report by KPMG has determined that climate change is regarded as the most pressing concern to organisational growth amongst CEOs in 2019, with technological disruption also high on the agenda for re/insurance CEO’s in particular. The study, which surveyed 1,300 CEOs across 11 key markets and 11 industry sectors, ... Read the full article
Lloyd’s, AIR target greater supply chain resilience
10th October 2019
A new framework designed to help both risk managers and insurers close the supply chain risk protection gap has been co-produced by the specialist Lloyd's of London re/insurance marketplace and catastrophe risk modeller, AIR Worldwide. A new report from Lloyd's and AIR Worldwide, Hidden Vulnerabilities in Supply Chain Risk: A quantitative ... Read the full article
Insurers’ post-Brexit European branches generate more business in 2018: IUA
10th October 2019
As London market participants continue to prepare for the uncertain impacts of Brexit, the amount of new business being generated through established European branches and the volume of controlled business written in Europe (excluding the UK and Ireland), increased by more than 9% to £4.89 billion in 2018, reports the ... Read the full article
Munich Re US names Anita Kuchma COO, Reinsurance Division
9th October 2019
Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has appointed Anita Kuchma as Chief Operations Officer (COO) of the Reinsurance Division. In her new role, Kuchma will report directly to Steve Levy, President and Chief Executive Officer (CEO) of the Reinsurance Division at Munich Re ... Read the full article
CFC targets improved incident response capabilities with acquisition
9th October 2019
London headquartered specialist insurer, CFC, has expanded its in-house cyber incident response capabilities with the acquisition of Texas-domiciled incident response provider, Solis Security. CFC's large in-house cyber claims and incident response team has handled almost 1,500 cyber claims this year alone. Now, with the addition of Solis Security, CFC has deepened ... Read the full article
Tokio Marine Kiln appoints newly created Head of Intellectual Property
7th October 2019
Tokio Marine Kiln's Aoife Woulfe has been appointed to the newly created position of Head of Intellectual Property (IP), reporting to Head of Enterprise Risk, Laila Khudairi. In her new role, Woulfe will have a focus on developing innovative IP products and wordings, designed to accelerate the expansion of Tokio Marine ... Read the full article
D&O rates improve as carriers push to restore profitability: Fitch
30th September 2019
Premium pricing has improved significantly for directors and officers (D&O) liability in 2019 as carriers work to restore profitability, according to analysts at Fitch Ratings. Fitch noted that D&O liability business has seen several years of weaker performance, driven by flat premium growth and less favourable claims trends in a shifting ... Read the full article
Ascent-Cove rebrands to Optio, adds Ian Beaton as Non-Exec Director
23rd September 2019
Cyber and specialty lines managing general agent Ascent Underwriting and US construction-focused MGA Cove Programs are to be rebranded under the single name Optio. The rebrand aligns with a move to larger premises later this month as Optio looks to build a tech-focused business and set new standards in the insurance ... Read the full article
Pricing, modernisation among top concerns for Lloyd’s CROs: LMA survey
19th September 2019
A market survey by the Lloyd's Market Association in conjunction with PwC has identified pricing, cost reduction, change management, market modernisation, and competition as the top five risks facing Lloyd’s. For Chief Risk Officers within Lloyd’s managing agencies, these internal factors rank ahead of external factors such as cyber risk and ... Read the full article
Ascent, Cove adds Paul Western as CUO
18th September 2019
Cyber and specialty lines managing general agent Ascent Underwriting and Cove Programs, a US construction-focused MGA, has appointed Paul Western as group Chief Underwriting Officer. Effective October 7, Western will oversee the direction, leadership and management of the group’s underwriting and business lines . He joins from MS Amlin, where he served ... Read the full article
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