Reinsurance News
Your search for “cyber”
Insurtech may offer insurers a route out of the pandemic
24th June 2020
New research by Cass Business School has outlined how insurtech may offer a route out of the pandemic for insurance companies. It's suggested that Covid-19 will act as a catalyst for the industry-wide adoption of new digital initiatives in the insurance industry. They also suggest that the pandemic has uncovered the value ... Read the full article
Newly launched Astaara gets investment from West of England P&I Club
17th June 2020
Astaara, a newly launched insurer focusing on cyber threats in the maritime industry, has received a significant investment from the West of England P&I Club. Based in Guernsey, Astaara functions as an integrated insurance services and risk management advisory business, supported by a dedicated analytics capability. Chief Executive Officer (CEO) Robert ... Read the full article
Aon partners with GK8 on digital asset coverage
12th June 2020
GK8, a cyber security company that offers technology for managing and safeguarding digital assets, has announced that its product is now insurable via Aon UK Ltd. The partnership will utilise insurance provided by a panel of insurers led by Arch Underwriting at Lloyd’s Syndicate 2012, and will enable GK8 clients to ... Read the full article
SCOR Channel names Heads of Underwriting Insight & Terrorism
11th June 2020
SCOR Channel, part of SCOR’s Specialty Insurance platform, has announced the appointments of Christian Stanley as Head of Underwriting Insight and Christianna Vandoorne as Head of Terrorism and Political Violence. Stanley was previously the Casualty Executive of Lloyd’s’ underwriting performance management directorate. In this role, he was responsible for the oversight of ... Read the full article
Munich Re’s HSB launches online broker trading platform in Ireland
11th June 2020
HSB, the specialist engineering and technology insurance arm of Munich Re, has launched a new broker online trading platform in Ireland, called HSB Fast Track. HSB Fast Track e-trade platform will offer brokers in Ireland a suite of HSB products that includes Construction Annual, Construction Project, Contractors’ Plant, and Computer and ... Read the full article
P&C industry has entered into a “new era of catastrophe losses” – KBRA
10th June 2020
The ongoing COVID-19 pandemic, coupled with the recent wave of civil unrest and the looming cyber risk threat, has altered the risk landscape for property and casualty (P&C) insurers and reinsurers, reports Kroll Bond Rating Agency (KBRA). As explained by KBRA, for the global P&C sector the definition of "catastrophe" has, ... Read the full article
Global Risk Solutions announces new complex claims unit
8th June 2020
International loss adjuster Global Risk Solutions has announced the launch of Complex Claims Solutions, a major and complex loss operation based in London. Led by Mike Reeves as Director, CCS will be supported by Director of Global Specialty Markets David Brocklehurst, Global Head of Cyber Risks Sarah Reynolds and Forensic Accountant ... Read the full article
Tokio Marine HCC completes GCube acquisition
1st June 2020
Tokio Marine HCC has completed its previously announced acquisition of GCube, creating a new 'centre of excellence' for renewable energy insurance. The acquisition of specialist renewable energy insurer, GCube by Tokio Marine HCC was announced in early March. The deal combines GCube's extensive track record supporting renewables developers and asset ... Read the full article
Brit marks entry into high net worth market with private client offering
29th May 2020
Specialty re/insurer Brit has announced the launch of a new private client offering aimed at brokers operating in the high and ultra-high net worth market. The private client offering will combine Brit’s brand and reputation in claims and service with a team of market practitioners led by Tara Parchment, Head of ... Read the full article
CAC Specialty partners with Liberty Advisor Group
28th May 2020
Specialty insurance broker and investment banking platform CAC Specialty has entered into a new strategic partnership with consulting firm Liberty Advisor Group. Together, Liberty Advisor Group and CAC Specialty will work to create a new solution for insurance clients through a real-time data analytics platform. The platform will allow clients to analyse ... Read the full article
Analysts call for more collaboration between re/insurers and academia
28th May 2020
Research collaboration organisation Lighthill Risk Network Ltd (Lighthill) has called on the global re/insurance sector to support a coordinated effort to establish and improve links with academia. By working more closely with academics and researchers, Lighthill believes the re/insurance industry can deepen its understanding of systemic risks facing societies. As part of ... Read the full article
FERMA suggests EU resilience framework for non-physical cat risks
27th May 2020
The Federation of European Risk Management (FERMA) has called on the European Commission to create a resilience framework for catastrophic risks, in an effort to address the shortage of business interruption insurance without physical damage (NDBI). FERMA says its resilience framework would have the flexibility to respond to a range of ... Read the full article
Capsicum Re launches Gh0st, a ransomware modelling solution
26th May 2020
Specialist reinsurance broker Capsicum Re has announced the launch of Gh0st, a dedicated ransomware modelling solution. The proprietary model is designed to help clients and markets quantify diverse and realistic ransomware scenarios and optimise their portfolios. Gh0st allows clients to input all their affirmative cyber policies and extract a picture of exposure ... Read the full article
Pandemic an opportunity for reinsurance growth in India: Rohit Boda
26th May 2020
The COVID-19 pandemic presents many opportunities for the growth of reinsurance business in India, according to Rohit Boda, Managing Director of J.B. Boda Group, an insurance and reinsurance broker based in the country. Speaking in an interview with Reinsurance News, Boda noted that the contention around business interruption claims linked to ... Read the full article
EC3 Brokers adds Colin Bird to senior management
21st May 2020
EC3 Brokers has added Colin Bird to work alongside senior management in a role that will see him focus on the growth of the company. Bird joined on May 1 and will also oversee the newly created specialty casualty and cyber team. He has over 30 years’ experience in the industry and ... Read the full article