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Lockton Re appoints Oliver Brew as Cyber Practice Leader, London
18th October 2022
Global insurance broker Lockton’s dedicated reinsurance division, Lockton Re, has appointed Oliver Brew in a new role as Cyber Practice Leader in London. Brew brings more than 20 years of industry experience towards the role. He joins from CyberCube where he most recently served as Head of Client Success as part ... Read the full article
Resilience makes hires within underwriting, claims, distribution & security
29th July 2022
Resilience, an industry leader in cyber insurance and security solutions, has announced five senior executive appointments, as the company continues its global expansion in the UK & Europe. Industry veteran, Simon West has been appointed as Cyber Advisory Lead. West has more than 25 years of global security risk management experience ... Read the full article
Lloyd’s names General Representative for Luxembourg
13th December 2021
Lloyd’s Insurance Company S.A. (LIC), the European subsidiary of the insurance and reinsurance marketplace, has appointed Martial de Calbiac as its General Representative for Luxembourg. de Calbiac has more than four decades of experience, and currently holds the position of Retraité - Gérant at Luxembourg-based firm Fremarlux Sàrl. He also served as ... Read the full article
Ontario Teachers’ to invest in Lloyd’s London Bridge Risk PCC
10th November 2021
Lloyd’s has announced the participation of the Ontario Teachers’ Pension Plan Board in the London Bridge Risk Protected Cell Company (PCC), providing initial capital in excess of £100 million with an expectation for that to grow over time. Ontario Teachers’ is the administrator of Canada's largest single-profession pension plan and has ... Read the full article
Marsh opens Cyber Catalyst 2020 evaluation program
4th March 2020
Re/insurance broker Marsh has announced the 2020 opening of its Cyber Catalyst program, which aims to evaluate and designate products and services that can be effective against major cyber threats. In the inaugural 2019 program, more than 150 products and services were submitted for evaluation, with 17 ultimately receiving a Cyber ... Read the full article
Guernsey reports uptick in new captive inquiries
24th September 2019
Guernsey has reported a large rise in captive insurance inquiries over the second half of 2019, following a notable dip in numbers last year. Industry figures said that the level of significant inquiries received over the summer easily surpassed recent years. Guernsey is responsible for more than a third of the European ... Read the full article
Tokio Marine HCC bolsters global Media, Film & TV team
25th July 2019
Tokio Marine HCC has announced the appointments of Stuart Wolstenholme and Lucy Smith in its international Media, Film & TV team within its Professional Risks unit. Wolstenholme has been named Media Property and Liability Underwriting Manager, and brings more than 15 years of experience in the Media and Music industries to ... Read the full article
Munich Re, Allianz & AXIS join Marsh for new cyber service
27th March 2019
Global re/insurance broker Marsh has announced the launch of Cyber Catalyst, a service that brings together a number of the market’s leading insurers to provide analysis and assessment of cybersecurity products. The objective of Cyber Catalyst is to identify and evaluate effective solutions for an organisation to deploy against cyber risk, ... Read the full article
Channel Syndicate 2015 promotes Anderson to Head of Tech & Cyber
29th January 2019
Channel Syndicate 2015 (Channel) at the specialist Lloyd's of London insurance and reinsurance marketplace, has announced the appointment of Gillian Anderson as Head of Technology and Cyber, effective immediately. In her new role, Anderson will report to Active Underwriter at Channel, Tom Corfield. She joined Channel in the summer of 2016 ... Read the full article
The U.S. TCJA could have more immediate implications for Bermuda’s re/insurers: KBRA
5th November 2018
The U.S. Tax Cuts and Jobs Act (TCJA), signed into law in December of 2017, could have more immediate implications for Bermuda insurers and reinsurers, according to analysis by Kroll Bond Rating Agency (KBRA). In a recent report, KBRA discusses potential implications for Bermudian re/insurance companies regarding the implementation of the ... Read the full article
JLT Re appoints Henry Sanderson to London Global Markets division
9th September 2018
JLT Re, the reinsurance broking arm of global brokerage JLT Group, has announced that Henry Sanderson is to join the London Global Markets division this week. He will be focusing on Digital Risks & Innovation - Cyber and related products. “With our recent hiring of Erica Davis in New York and ... Read the full article
Advent Underwriting launches political violence rating tool for MENA
25th June 2018
Advent Underwriting, the Lloyd’s specialty re/insurer, has launched a new online pricing and placing tool for low-ticket political violence (PV) business in the Middle East & North Africa (MENA) region. The new rating tool, called PVPlus, was developed in partnership with independent MGA CFC Underwriting, and aims to provide SMEs in ... Read the full article
Lloyd’s expands North African presence with Casablanca office
5th April 2018
Lloyd’s has established a new office in Morocco’s Casablanca Finance City (CFC), a North African economic and financial hub. The office will allow Lloyd’s to better provide tailored risk solutions to the North African market, and was officially inaugurated on 3 April 2018, with Salah El-Kadiri as its General Representative. Speaking at ... Read the full article
Tokio Marine Kiln names Alex Jomaa as cyber underwriter
2nd February 2018
Tokio Marine Kiln (TMK) has strengthened its cyber team with the appointment of Alex Jomaa as cyber underwriter, set to take up the role immediately and report to head of enterprise risk Laila Khudairi. Jomaa joins from CFC Underwriting where he was cyber liability underwriter responsible for underwriting a worldwide cyber portfolio. Khudairi welcomed Jomaa ... Read the full article
Re/insurers could face up to $2.5 billion loss from next global cyber attack
14th July 2017
Graeme Newman, Chief Innovation Officer at CFC Underwriting, warned in a recent interview that the next global WannaCry cyber attack could cost the industry up to $2.5 billion, Bloomberg reported. "It’s exceptionally likely that we will see an event over the next months that will seriously affect insurers," said Graeme ... Read the full article