You searched for cyber - Page 166 of 271

G20 business leaders prioritise economic and societal risks: World Economic Forum

14th November 2023

In a recent survey conducted by the World Economic Forum, economic and societal threats have taken center stage as the primary concerns for business leaders in G20 countries over the next two years. The Executive Opinion Survey gathered insights from more than 11,000 business leaders across 110 countries between April and ... Read the full article

Bermuda market crucial in responding to growing geopolitical risks: PwC

14th November 2023

"For the first time in a very long time, reinsurers are having to deal with geopolitical risks and that adds a whole layer of extra complexity that we haven’t seen before, and needs to be factored into the strategic decision-making of companies," suggests, Arthur Wightman, PwC Bermuda, Territory and Insurance ... Read the full article

Canopius grows cannabis insurance offerings in transportation and distribution

13th November 2023

Canopius Group, a global specialty lines re/insurer, has expanded its cannabis insurance product, now covering transportation of cannabis products from cultivation to distribution. The re/insurer started to underwrite cannabis-exposed risks in April 2023. This offering is for privately owned and not-for-profit organisations in US states where medical and recreational adult-use ... Read the full article

Coalition expands Northern UK presence with key underwriting hire

13th November 2023

Coalition has announced that it has appointed Gareth Machin as its first Manchester-based underwriter in the UK. Machin's appointment comes as part of the company's ongoing drive to provide regional support for brokers in addition to its London headquarters. Machin, a former senior professional indemnity (PI) underwriter with Allianz, has joined Coalition ... Read the full article

Kowell to lead Marsh Marine, Cargo and Logistics Practice, US & Canada

10th November 2023

Insurance broker Marsh has announced the appointment of Janice Kowell as Marine, Cargo and Logistics Practice Leader, US and Canada, effective immediately. Based in Portland, Oregon, she will be responsible for delivering transactional and advisory services to Marsh’s maritime, cargo and logistics clients across the US and Canada. Kowell brings over four ... Read the full article

Peak Re’s survey reveals Asia middle-class prioritise financial planning & mental health

10th November 2023

Hong Kong-based global reinsurer, Peak Re, in collaboration with Intuit Research, has released the key findings of its flagship 2023 Asia Middle-Class Consumer Survey. This year’s study zeroes in on consumers’ attitudes and needs concerning health, mental well-being, and cybersecurity. When faced with a serious illness, consumers prioritise financial planning (18%), access ... Read the full article

WTW’s 2023 Power Market Review highlights challenges in global power sector

10th November 2023

In its latest Power Market Review, WTW has brought to the forefront the persistent "Trilemma of Tension" facing the global power sector. This "Trilemma" is characterised by the ongoing struggle to balance energy security, affordability, and sustainability, which has led to continued volatility in the industry. The global power sector is currently ... Read the full article

Failure to attract or retain talent becomes key business risk: Aon

9th November 2023

Human capital issues have become a key business risk fueled by the competition for talent and workforce shortages among other issues, a recent Aon report has revealed. Failure to attract and retain talent reached the highest ever ranking position in Aon’s 2023 Global Risk Management Survey, as it took fourth position ... Read the full article

RenRe emerges as fifth-largest P&C reinsurer following Validus Re acquisition

7th November 2023

RenaissanceRe Holdings Ltd. (RenRe), a distinguished member of the Association of Bermuda Insurers and Reinsurers (ABIR), has successfully concluded its acquisition of Validus Re and its subsidiaries from American International Group (AIG), securing its position as the fifth-largest property and casualty (P&C) reinsurer in the world. Validus Re was among the ... Read the full article

Insurtech Mulberri launches AI-powered Risk Assistant

7th November 2023

Insurance startup Mulberri, has launched its new AI-powered Risk Assistant and rolled out its embedded property and casualty platform to make insurance innovation accessible to a broad range of industries outside payroll and Human Resources (HR) providers. Now industries including associations, brokers, insurtechs, carriers, MGAs, financial institutions, cyber technology providers, ISPs ... Read the full article

Beazley takes advantage of “exceptional” property market in 9M 2023

7th November 2023

Specialist insurer Beazley has reported insurance written premium growth of 9% to $4.3 billion for the first nine months of 2023, as the firm took advantage of opportunities in the property market. Net insurance written premiums rose 26% year-on-year to $3.5 billion in 9M 2023, as Beazley reports an overall year ... Read the full article

AM Best turns positive on E&S lines insurance segment

6th November 2023

AM Best has revised its outlook on the excess and surplus (E&S) lines insurance segment to positive from stable, citing increased business due to declining capacity in commercial lines and some personal lines markets. The rating agency also referenced strong underwriting results, which are driving favourable operating profitability and strengthened capital ... Read the full article

Travelers set to acquire Corvus Insurance for $435m

3rd November 2023

The Travelers Companies, Inc. has agreed to acquire cyber insurance managing general underwriter Corvus Insurance Holdings, Inc. for approximately $435 million. Travelers has disclosed that it will fund the transaction from internal resources, adding that the transaction is expected to close in the first quarter of 2024, subject to regulatory approvals ... Read the full article

Cowbell’s growth shows ongoing commitment to closing the insurability gap: CEO Kudale

1st November 2023

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), continues rapid growth as it announces $25mn in equity financing and a 49% increase in its new customer base year-over-year. In an expanding cyber insurance market, 72% of SMEs are still without cyber insurance and say that a major ... Read the full article

Trust in insurers is growing in a world in polycrisis: AXA

1st November 2023

Risks associated with artificial intelligence (AI), cybersecurity and global warming are among the main concerns for the general population; however, trust in various players, like insurers and scientists, to limit the consequences of new global crises is growing, according to a recent AXA report. The tenth edition of its Future Risks ... Read the full article