You searched for cyber - Page 186 of 271

AGCS outlines the five most-worrying trends for 2023

15th December 2022

Allianz Global Corporate & Specialty (AGCS) has released a new report giving its insights for the coming year on the international directors and officers market. The report says that the five trends needed to guard against in 2023 are economic and recession risks, cyber security struggles, ESG disclosures and exposures, US class ... Read the full article

Elpha Secure hires DJ Carlisle as Head of Insurance Distribution

15th December 2022

Cyber insurance MGA Elpha Secure has announced the appointment of DJ Carlisle as Head of Insurance Distribution. Carlisle joins Elpha Secure from Tokio Marine HCC, where he most recently served as Cyber Retail Director. He has also previously worked at Marsh and Willis in both Cyber and E&O-based positions. In the new ... Read the full article

ArentFox adds Insurance partner, Huhnsik Chung to New York office

14th December 2022

Law firm ArentFox Schiff has added Partner, Huhnsik Chung to the company's Complex Litigation and Insurance & Reinsurance groups. Based in the firms New York office, Huhnsik brings more than three decades of experience advising clients nationally and internationally in the highly regulated financial and insurance sectors. Huhnsik represents clients within a ... Read the full article

Toby Vallance elected as President of London FOIL

14th December 2022

London FOIL, a division of the Forum of Insurance Lawyers (FOIL), has elected Toby Vallance, Partner at international law firm DAC Beachcroft, as President. He succeeds Gavin Coull of law firm Birketts, who acted as President during a particularly difficult time for the market, which faced the initial impact of the ... Read the full article

Swiss Re CorSo confirms Kwan as Head of Distribution Management, NA

13th December 2022

Swiss Re Corporate Solutions, a division of the global reinsurer, has announced the appointment of Allen Kwan as Head of Customer & Distribution Management of North America, effective January 1, 2023. In this New York based role, he will oversee the customer and broker distribution strategy for the United States and Canada, ... Read the full article

Chubb to launch new tech hub in Greece

13th December 2022

Property and casualty insurer Chubb has announced plans to launch a new technology services center in Thessaloniki, Greece in early 2023. Technical engineers and developers employed at the center will look to drive initiatives in areas such as intelligent process automation, machine learning, cloud, and data analytics, as well as cybersecurity ... Read the full article

Marsh Asia promotes Sean Chong Chou to CEO Malaysia

13th December 2022

Insurance broker and risk advisor Marsh has announced the promotion of Sean Chong Chou to CEO Malaysia, effective 1st of January 2023. Chou is stepping up from his current position as Deputy CEO, which he has held for over a decade. According to Marsh, Chou will be responsible for delivering the company's ... Read the full article

Reinsurance segment well capitalised yet deployment is cautious: AM Best

9th December 2022

Even though the global reinsurance segment remains well capitalised, market players are being cautious with the deployment of resources, according to AM Best analysts. One of the key drivers for capital growth was the increase in investment values during 2021, mainly in equities. Yet for the year-end 2022 the rating agency ... Read the full article

Price increases to continue but at reduced rate: WTW

8th December 2022

A new report from WTW says that recent trends suggest rate increases will continue, albeit at a ‘materially reduced’ rate. The report, called the Spring 2023 Insurance Marketplace Realities Report says that commercial insurance rates are beginning to stabilise, steered by cyber and D&O. Reduced rates, WTW said, are becoming increasingly available ... Read the full article

WTW study finds developing ESG strategy a key focus for risk managers

7th December 2022

A recent WTW survey reported that more than half of risk managers are significantly involved in their organisation’s ESG efforts, though 77% believe they should take a more active role in ESG strategy and initiatives. In WTW's 2022 ESG Global Risk Managers Survey, which includes 312 corporate risk managers worldwide, one-third ... Read the full article

DeNexus hires Luccitti as Chief Marketing Officer

7th December 2022

DeNexus Inc., a provider of cyber risk quantification and management tools for large industrial organizations, re/insurers and investors in insurance linked securities (ILS), has appointed Andrew A Luccitti as Chief Marketing Officer (CMO). Within this role, Luccitti will be based at the company's headquarters in Sausalito California, and he will report ... Read the full article

Bloomberg says European P&C insurers to struggle on portfolio returns

6th December 2022

A senior analyst at Bloomberg Intelligence says that European P&C insurers may struggle to register positive returns on their portfolios. Speaking on a Bloomberg Intelligence, Matthew Palazola, senior analyst for P&C insurance, spoke about the current challenges in the US and European P&C markets. He said: “Many European insurers have struggled to ... Read the full article

BMS acquires Eisenar to boost Iberian expansion

6th December 2022

BMS has announced that it has signed a deal to acquire Spanish specialty insurance broker Eisenar in a move that will further bolster its Iberian regional expansion. Founded in 2001 by Eugenio Sanchez-Belda, Eisenar is headquartered in Seville and specialises in industrial risks and professional sports insurance, with Seville Football Club ... Read the full article

AM Best assigns positive outlook to DUAE market segment

6th December 2022

The global delegated underwriting authority enterprise (DUAE) segment has been assigned a positive outlook by credit rating agency AM Best. Technology, talent and diverse sources of capital continue to drive growth in this channel, the agency added. According to the announcement, the outlook reflects AM Best’s expectation that this distribution channel ... Read the full article

Chubb names Mollica Division President for North America Financial Lines

5th December 2022

Chubb has appointed Michael Mollica as Division President for the company's North America Financial Lines businesses, where he will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance. Mollica’s appointment is effective immediately. He succeeds Steve Goldman, who Chubb has announced has left the company. Currently, Mollica serves as Executive Vice President, ... Read the full article