You searched for cyber - Page 183 of 271

WTW appoints Aon’s Van Ede as Global Head of Trade Credit

3rd February 2023

Broking and solutions company WTW, has appointed Aon’s Pieter Van Ede as Global Head of Trade Credit. Within this role, he will report to Evan Freely - Head of Global Financial Solutions at WTW. Based in Denver, Van Ede will be responsible for delivering the Global Trade Credit strategy. WTW has recently highlighted ... Read the full article

Global commercial insurance rates continue to moderate in Q4: Marsh

3rd February 2023

Global commercial insurance prices increased 4% in Q4 of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, according to Marsh's Global Insurance Market Index. Marsh's Index explains that this continues a trend of moderating increases that first began in Q1 of 2021. It adds that while ... Read the full article

Relm Insurance expands its partnership with Trisura Specialty Insurance Company

1st February 2023

Specialty insurer Relm Insurance Ltd., has announced an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company. The expansion will enable the Bermuda-domiciled carrier to provide capacity in support of AM-Best rated paper for US digital asset risks. Rated A- by AM Best, Trisura is a leading international specialty insurance ... Read the full article

Munich Re and CloudCover announce partnership

31st January 2023

CloudCover, an AI-generative cybersecurity threat prevention platform, has announced the inclusion of the $1m Ransomware Warranty backed and insured by reinsurance giant, Munich Re. With ransomware attacks on the rise, including high-profile breaches in energy infrastructure, finance, and healthcare, offerings like the Ransomware Warranty have never been more necessary, CloudCover highlighted. CEO ... Read the full article

HDI Global names Jason Tyng Leader of US Captive Solutions

31st January 2023

Jason Tyng has been appointed to the newly create role of Lead of US Captive Solutions at HDI Global. Tyng’s appointment comes in line with HDI’s plan to further expand its international footprint for its Captive Solutions business. Overall, Tyng brings more than 15 years of sales and leadership experience across the ... Read the full article

Everest Insurance announces official entrance into Spain

31st January 2023

Everest Insurance, the insurance division of Everest Re Group, has announced its expansion into the Spanish market. The Spain branch is headquartered in Madrid, with another office opening in Barcelona. José Ramón Morales will lead the operations as Head of Spain. Everest suggests that its Spanish offices will provide a bespoke range of insurance ... Read the full article

Coalition launches Coalition Insurance Company

31st January 2023

Cyber insurance provider Coalition has announced the launch of Coalition Insurance Company (CIC), a full-stack, Active Cyber Insurance carrier. The launch of CIC is a milestone for the firm, expanding its available capacity in the cyber insurance market and facilitating its transition to a full-stack insurance organisation. Coalition notes that CIC, which ... Read the full article

AXIS lost <$10m of desired renewals after property cat exit: Benchimol

27th January 2023

AXIS Capital CEO Albert Benchimol has reported that his company feels “encouraged” by the fact it lost less than $10 million of desired renewals following its exits from property and property catastrophe reinsurance business. “In the end, we successfully balanced substantially all the non-property-related renewals that met our thresholds,” he said ... Read the full article

Beazley launches new private equity liability insurance product

27th January 2023

Beazley, the specialist insurer, has announced the launch of a new private equity liability insurance product. The insurer stated that the tailored product is designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms. Across the full lifecycle of investments, ... Read the full article

MS Azure outage triggers Parametrix parametric cloud insurance

26th January 2023

Earlier this week, Parametrix, the leading provider of cloud downtime insurance, monitored an outage of Microsoft Azure, the world’s second-ranked cloud service provider. Part of the ‘Big Three’, which includes Amazon Web Services and Google Cloud Platform (GCP), Azure boasts a reported 22% global market share. The outage event affected thousands of ... Read the full article

Coalition gains Lloyd’s coverholder status in UK

26th January 2023

Cyber insurance provider Coalition has announced that its UK business is now trading as an approved Lloyd's coverholder, following its launch into the country in September of last year. Coalition says that the authority from Lloyd's to write and service policies in its marketplace will align its UK offering with ... Read the full article

At-Bay acquires licensed P&C insurance carrier

26th January 2023

Cyber insurance provider, At-Bay, has completed the acquisition of At-Bay Specialty Insurance Company - a Delaware-domiciled E&S lines P&C insurer licensed in 44 states, from XL Insurance America, Inc. By making the move to a full-stack carrier, this will now allow the firm to better serve its policyholders and accelerate planned ... Read the full article

Rance joins Resilience as Head of Bermuda & Global Head of Large Accounts

25th January 2023

Cyber risk solutions firm Resilience has announced that Dan Rance will be joining as Head of Bermuda and Global Head of Large Accounts. Resilience states that the appointment will help it secure the capacity to support large enterprise clients who are seeking a more sophisticated risk transfer and mitigation solution than ... Read the full article

Timothy Powell joins Everest Insurance as Head of Financial Lines

24th January 2023

Everest Insurance, the primary insurance division of Everest Re Group, has announced the appointment of Timothy Powell as Head of Financial Lines. According to the announcement, he will succeed Christian Colombera who will assume the role of Managing Director of Australia & Head of the Pacific Region, pending regulatory approval. Powell brings ... Read the full article

UK general & life insurers have “material dependency” on reinsurance: PRA

24th January 2023

The UK’s Prudential Regulation Authority (PRA) has released the results of its 2022 insurance industry stress tests, which conclude that general and life insurers have a "material dependency" on reinsurance, which is likely to remain high despite increased pricing. The tests, which looked at a total of 54 insurers, sought to ... Read the full article