Reinsurance News
Your search for “cyber insurance”
Corvus enters FI market with new data-driven suite
15th October 2021
Corvus Insurance has announced its entry into the financial institutions insurance market with the launch of a data-driven suite of offerings designed for the investment advisor market. Smart Investment Advisor Insurance is a comprehensive, modular policy offering Directors & Officers, Errors & Omissions, Fund Liability, Employment Practices Liability and Fiduciary lines. Additionally, ... Read the full article
Generali CEO commits to €3bn of sustainable investments by 2022
13th October 2021
Italian insurer Generali has committed to investing €3 billion in sustainable and green bonds by the end of 2022, as part of its sustainability objectives. The commitment forms part of a larger climate protection goal for Generali to make between €8.5 billion and €9.5 billion of new green and sustainable investments ... Read the full article
Munich Re Ventures announces new $500mn startup investment fund
12th October 2021
The venture capital arm of Munich Re Group has closed a new $500 million fund established to invest in early/growth stage companies across five strategic sectors: insurance and climate technology, cybersecurity and privacy, commercial and industrial equipment tech, and future of transportation. Munich Re Ventures now has over $1 billion in ... Read the full article
Lockton Re adds Gallagher Re’s Patrick Bousfield to Bermuda office
8th October 2021
The reinsurance business of independent insurance broker Lockton has added Patrick Bousfield to its Bermuda office as a Senior Broker. Bousfield joins Lockton Re from Gallagher Re in New York, where he led the firm's cyber offering as part of its specialty team. He has over 12 years of treaty and facultative ... Read the full article
IQUW names Catherine Farnworth as Group CRO
8th October 2021
Property, Commercial and Speciality re/insurer IQUW has appointed Catherine Farnworth as Group Chief Risk Officer. Having joined PWC as a Reserving and Capital Actuary, working closely with the Risk function, Farnworth became PWCs Actuarial Lead within the Risk and Regulatory consulting practice in Bermuda. She then moved to to MS Frontier as ... Read the full article
Corvus adds Vincent Weafer as CTO
7th October 2021
AI-driven commercial insurer Corvus has announced the appointment of Vincent Weafer as its new Chief Technology Officer, bringing over 25 years’ experience to the role. Weafer was most recently Senior Vice President of Cyber Engineering at Capital One, where he led a multi-disciplined team of cyber, technology, and machine learning engineers ... Read the full article
EIOPA sets out its strategic priorities for 2022
7th October 2021
The European Insurance and Occupational Pensions Authority (EIOPA) has outlined its strategic priorities for the coming year, with the goals of ensuring consumer protection and safeguarding financial stability. Activities take into account the ongoing effects of COVID-19, the market situation and political priorities, in particular supporting the digital and green recovery. The ... Read the full article
Westfield Specialty reveals executive team, business lines
5th October 2021
Westfield Specialty, a new specialty insurance subsidiary launched by super-regional property and casualty (P&C) insurer Westfield, has announced the members comprising its executive team, as well as the initial lines of business it will focus on. The business lines include, E&S Excess Casualty, E&S Property, Commercial Management Liability, Financial Institutions and ... Read the full article
BHSI announces senior promotions
4th October 2021
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Hilary Browne to the additional role of Regional Executive, UK and Europe, and Vanessa Maxwell to the additional role of Country Manager, UK. Browne will work closely with Chris Colahan, Head of UK & Europe, serving as deputy head of BHSI in the UK ... Read the full article
Cover Genius raises AUD$100m in Series C funding led by Sompo Asia
29th September 2021
Cover Genius has raised AUD$100 million in a Series C funding round led by Sompo Holdings Asia (Sompo Asia) who invested AUD$68 million, with participation from G Squared and other existing investors. The latest funding round follows a good six months for the insurtech, during which it tripled its gross written ... Read the full article
Climate change top concern for UK risk experts and public: AXA
29th September 2021
Climate change is the top concern for both risk experts and the public in the UK, according to a new report from global insurer AXA. According to the report, from a possible 25 risks that could impact the world within the next decade, over 64% of UK risk experts and almost ... Read the full article
Mosaic announces series of key appointments to UK team
24th September 2021
Mosaic Insurance has expanded its cybersecurity business line internationally with the addition of new team members to its UK-based unit. George Cole has been appointed AVP, Underwriter, International Cyber, working with global clients to develop solutions and grow a sustainable cyber portfolio. Previously, he was an assistant underwriter at Occam Underwriting, after ... Read the full article
Protecdiv completes placement deal with Maquia Capital
24th September 2021
US re/insurance broker Protecdiv has completed a procurement and placement deal with Maquia Capital in partnership with CAC Speciality. Maquia Capital is a Miami based Financial Group that in December 2020 announced plans to launch a SPAC for the acquisition of growth-oriented Technology companies. The firm is aiming to improve its ... Read the full article
Markel eyes French market SMEs with Paris office launch
14th September 2021
Specialist insurer Markel has opened a new branch office in Paris to help support small and medium-sized enterprises (SMEs) in the French market. The move also helps further the firm's longstanding strategy to expand and scale its global footprint in key specialty insurance markets. As a result Markel will partner with a ... Read the full article
Increase in capital enables Fidelis to continue to innovate: Dan Burrows
13th September 2021
After raising a significant amount of capital in 2020, a trend which has continued this year, specialty insurer and reinsurer, Fidelis Insurance Holdings Limited, continues to innovate and sees opportunities across most lines of business, according to Dan Burrows, Executive Chairman of Fidelis Bermuda and Group Managing Director. In 2020, equity ... Read the full article