Reinsurance News
HSB
Munich Re’s HSB names Ian Fox UK Head of Sales
8th December 2022
HSB, a specialist engineering and technology insurer and part of Munich Re, has appointed Ian Fox as UK Head of Sales. Based in Manchester, Fox will be reporting to Paul Kay, Director of Sales and Distribution. He will lead HSB’s UK team of Regional Development Managers and their Business Development teams ... Read the full article
Munich Re & HSB partner with Schneider Electric on electrical risk
12th October 2022
Global reinsurer Munich Re and its subsidiary, HSB, have partnered with Schneider Electric, a specialist in energy management and automation, on electrical and equipment risk. The partnership will blend risk solutions including uptime guarantees and unwarned failure warranties, with IoT technology to serve clients. Together, the companies will help businesses to remain ... Read the full article
HSB Business Development team welcomes two new managers
12th October 2022
HSB, Munich Re-owned specialty engineering and technology insurer, has announced the appointment of two new Business Development Managers, Ross Tyler and Sharon Evans. As new managers, Tyler and Evans will be responsible for building and maintaining strong relationships with brokers, growing the engineering insurance and inspection business portfolios, overseeing renewal of ... Read the full article
Munich Re’s HSB creates new Commercial Division
21st July 2022
Munich Re-owned specialty insurer HSB (UK & Ireland) has announced the formation of its new Commercial Division, creating a closer alignment between the firms business development, underwriting and claims teams. The Commercial Division will deliver a more collaborative and seamless customer experience for brokers, insurers and MGAs. In a press release, HSB noted ... Read the full article
Munich Re’s HSB Canada announces new commercial service line coverage
9th June 2022
Munich Re’s HSB Canada has announced the introduction of Commercial Service Line – a new coverage that will bridge a potentially costly gap, so that building owners can minimize losses resulting from service line breakdowns. HSB’s Commercial Service Line will be available to partner insurers, and also offer comprehensive coverage for ... Read the full article
Munich Re’s HSB clients achieve strong ROI using IoT tech
4th April 2022
HSB - a commercial insurance underwriting division of global reinsurer, Munich Re has announced that its top 10 Internet of Things (IoT) customers achieved an average return on investment (ROI) of 506% in 2021, by preventing millions of dollars of potential property and equipment losses. The milestone was achieved through Sensor ... Read the full article
Munich Re’s HSB appoints Touahri to senior finance role
4th March 2022
Munich Re-owned specialty insurer HSB has announced the appointment of Amin Touahri to its finance team as Head of Financial Solutions. Touahri has worked for Munich Re since April 2017, having originally joined the reinsurer as a Casualty Treaty Underwriter. Most recently, he worked with Munich Re in Paris as Origination Lead ... Read the full article
Munich Re’s HSB acquires new SMB-focused cybersecurity platform
22nd October 2021
Munich Re-owned specialty insurer HSB has acquired a digital cybersecurity platform from cybersecurity firm Zeguro, including a suite of management tools and services designed for small businesses. The addition of Zeguro’s cyber safety solution and key personnel is expected to strengthen the overall cybersecurity offering of HSB. The platform offers integrated online ... Read the full article
Munich Re’s HSB adds Mathew Prentice as Cyber Product Lead
8th September 2021
Munich Re-owned specialist engineering and technology insurer HSB has added Mathew Prentice to support its computer and cyber product range offering. Prentice will be responsible for the development and implementation of HSB’s underwriting strategy for the computer and cyber account in the UK and Ireland. Based in Birmingham and reporting to Andy ... Read the full article
Munich Re’s HSB Canada releases Sensor System program
25th November 2020
Munich Re’s HSB Canada has introduced Sensor Systems, a solution created for insurers to reduce common property claims. The program aims to monitor, predict and alert customers to risks such as water leaks, pipe freezing and critical temperature changes. John Mulvihill, president and chief executive officer of HSB Canada commented: “Water is ... Read the full article
Munich Re’s HSB expands Cyber Suite
21st October 2020
Munich Re’s HSB has expanded its HSB Cyber Suite product to help protect small businesses with new insurance coverages and risk management services. The services include website security scans and computer system upgrades to help prevent future cyber crimes. HSB Cyber Suite provides a collection of cyber insurance and services designed to ... Read the full article
Munich Re’s HSB renews Cyberwrite risk platform subscription
25th September 2020
Cyber risk analytics firm, Cyberwrite and member of Munich Re Risk Solutions family, HSB have announced that HSB is renewing its subscription to Cyberwrite's cyber risk financial quantification platform to offer tailored cyber insurance policies to businesses across the US. Due to the dramatic increase in remote workforces and a steep ... Read the full article
Munich Re’s HSB launches online broker trading platform in Ireland
11th June 2020
HSB, the specialist engineering and technology insurance arm of Munich Re, has launched a new broker online trading platform in Ireland, called HSB Fast Track. HSB Fast Track e-trade platform will offer brokers in Ireland a suite of HSB products that includes Construction Annual, Construction Project, Contractors’ Plant, and Computer and ... Read the full article
Munich Re’s HSB warns crypto adoption can raise SME cyber risk
6th February 2020
HSB, part of reinsurance giant Munich Re, has underlined the risks of cryptocurrency after a survey found at least one-third of US small and medium-sized businesses accept it as a payment method. The survey, conducted in conjunction with Zogby Analytics, found that 36% of SMEs accepted cryptocurrency, while 59% of those ... Read the full article
Munich Re’s HSB appoints Director of Business Development & Distribution
10th December 2019
HSB Engineering Insurance, the UK-based arm of Munich Re's Hartford Steam Boiler Inspection and Insurance Company, has announced the appointment of Terry Dyson as Director of Business Development and Distribution, effective immediately. In his new role, Dyson will be tasked with leading the firm's business development team with a focus on ... Read the full article
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