You searched for cyber - Page 241 of 271

RenRe’s Isikoff joins AXIS Capital as Chief Information Security Officer

28th May 2019

Kelly Isikoff has joined AXIS Capital Holdings from RenaissanceRe as the firm's new Chief Information Security Officer (CISO), reporting to Global Chief Information Officer (CIO), Keith Schlosser. Based in the firm's New York office, Isikoff will take responsibility for the oversight of AXIS Capital's enterprise-wide information security strategies, as well as collaborating with ... Read the full article

Reports of ransomware attacks surged 105% in Q1: Beazley

28th May 2019

Ransomware attacks surged 105% in the first three months of 2019 when compared against the same period in 2018, with attackers shifting their focus to larger organisations able to pay high ransom amounts, according to a report by Beazley. While ransomware-as-a-service (RaaS) attacks remain commonplace and tend to hit unsuspecting small ... Read the full article

Technological advances, climate change top emerging risks for re/insurers: Swiss Re

22nd May 2019

The annual SONAR report from Swiss Re Institute highlights new technology, the spread of 5G, limits to central banking tinkering, the growth of genetic testing and the impacts of climate change on public health as emerging risks that insurers and reinsurers need to have on their radar. The latest SONAR report ... Read the full article

MS Amlin takes minority stake in reinsurance MGA, Envelop Risk

21st May 2019

MS Amlin has announced a minority strategic investment in global specialist reinsurance MGA, Envelop Risk, further strengthening the relationship between the two firms. Envelop Risk combines re/insurance expertise with artificial intelligence-driven cyber risk modelling. The two companies initially entered into a cyber reinsurance partnership in 2018, in a deal that saw ... Read the full article

CIAB reports further increases for commercial P&C premium prices in Q1

20th May 2019

The Council of Insurance Agents & Brokers (CIAB) has reported that premium pricing across all-sized commercial property and casualty (P&C) accounts saw continued increases during the first quarter of 2019. Average pricing increases across all account sizes in Q1 2019 was 3.5%, according to CIAB, compared to 2.4% in Q4 2018 ... Read the full article

Ping An growth helps China overtake as most valuable insurance market: Brand Finance

17th May 2019

China has overtaken the U.S as the largest global insurance market in terms of brand value, according to valuation consultancy Brand Finance, in part due to the continued growth of Chinese insurance giant Ping An. Ping An, which outpaced Allianz to become the world’s most valuable insurance brand in 2017, grew ... Read the full article

Clyde & Co develops smart contract for parametric insurance

16th May 2019

Global law firm Clyde & Co has launched a new smart contract for parametric insurance, which uses software and data sources to automatically calculate claims obligations and other factors. The contract, which is available through Clyde & Co’s smart contract consultancy, Clyde Code, is the first of its kind, according the ... Read the full article

Commercial property rates firm as underwriting discipline improves: WTW

14th May 2019

Commercial insurance buyers are facing upward pressure on pricing for most lines of business for the remainder of 2019 as the market turns toward more disciplined underwriting, according to broker Willis Towers Watson (WTW). The analysis came as part of the firm’s Insurance Marketplace Realities 2019 Spring Update, which serves as ... Read the full article

A&P Worldwide Solutions registers as Lloyd’s broker

13th May 2019

A&P Worldwide Solutions Limited, a reinsurance broker based in London, has announced that it has been granted the status of a Lloyd’s broker. Registering with Lloyd’s will allow A&P to expand its operations while continuing to provide its current levels of service, the broker explained. "We are delighted to achieve Lloyd's broker ... Read the full article

Munich Re partners with Curv on digital asset insurance

10th May 2019

Munich Re has announced a new partnership with Curv, a cryptography firm for the digital economy, to provide insurance protection of up to $50m for digital assets in Curv's Institutional Digital Asset Wallet Service. The arrangement will provide Curv with the financial capability to pay for losses of crypto assets, with ... Read the full article

Beazley posts robust premium growth for Q1 2019

9th May 2019

Specialist insurer Beazley experienced higher than normal levels of claims within its marine, property, and reinsurance businesses during the first-quarter of 2019, while premium growth continued. Despite the pressures of increased levels of claims, the insurer did report 16% growth in gross written premiums (GWP) for the first-quarter of the year, ... Read the full article

Hiscox uncertain if mid-year rate increases will be adequate

7th May 2019

Global insurer and reinsurer Hiscox saw its gross written premiums increase by 0.6% in the first-quarter of 2019, as a decline in the reinsurance & insurance-linked securities (ILS) segment offset growth in the retail and London market segments. At the same time, the re/insurer is unconvinced mid-year rate increases will ... Read the full article

Munich Re is becoming “digital, leaner, and more profitable”: Joachim Wenning

6th May 2019

Munich Re is driving digital transformation and reducing complexity as part of a strategy to meet its new medium-term profit target of €2.8 billion for 2020, according to its Chief Executive Officer (CEO), Joachim Wenning. “Munich Re is becoming more digital, leaner, and more profitable,” Wenning said in a letter to ... Read the full article

Aon profits up in Q1 with 9% income boost

26th April 2019

Global insurance and reinsurance broker Aon grew its operating income by 9% to $872 million in the first quarter of 2019, partly due to strong organic revenue growth in its Commercial Risk Solutions and Reinsurance Solutions businesses. Operating income also improved by 8% on an adjusted basis due to organic revenue ... Read the full article

MarketScout adds insurtech Wingman to MGA accelerator program

24th April 2019

MarketScout, an electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has invested in the Wingman insurtech platform and added the start-up to its MGA accelerator program. Wingman provides retail agents with access to cyber insurance coverage in a 60-second quote to bind electronic format, aiming to deliver policies within ... Read the full article