Reinsurance News
HSB
Enstar subsidiary to acquire certain run-off portfolios from Munich Re subsidiaries
12th September 2019
A subsidiary of Enstar Group Limited has signed an agreement with subsidiaries of reinsurance giant Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance. An announcement on the deal notes that it primarily consists of long tail insurance business. In the transaction, which ... Read the full article
Munich Re’s HSB partners with CNA on IoT Technology solutions
6th June 2019
The Hartford Steam Boiler Inspection and Insurance Company (HSB), which is part of reinsurance giant Munich Re, has collaborated with U.S. commercial property and casualty (P&C) insurer CNA on IoT Technology solutions. Under the new partnership, HSB's IoT Technology solutions will be offered to CNA's small and mid-size commercial policyholders in ... Read the full article
Munich Re’s HSB Engineering appoints Paula Homan to Director role
20th May 2019
HSB Engineering Insurance (HSB), the specialist industrial engineering and construction insurance arm of reinsurer Munich Re, has announced the appointment of Paula Homan as Director of Engineering Services, effective immediately. Homan will be tasked with leading the activities of HSB’s engineering inspection services division in the UK and Ireland in line ... Read the full article
Munich Re’s HSB identifies rise in business email scam losses
24th October 2018
A new survey by The Hartford Steam Boiler Inspection and Insurance Company (HSB), a subsidiary of reinsurance giant Munich Re, has identified a rise in losses related to fraudulent business emails in the U.S. HSB found that 58% of business executives polled by cyber insurance and services provider Zogby Analytics said ... Read the full article
Munich Re’s HSB Engineering appoints two senior underwriters
27th September 2018
HSB Engineering Insurance, a specialist engineering and construction insurer and Munich Re subsidiary, has appointed John Nicholls and Jamie Talbot to new senior underwriting positions within the business. Nicholls has been promoted to Construction Product Lead within the Underwriting Strategy and Standards team, reporting to Andy Bazley, Underwriting Strategy Manager. He has ... Read the full article
Munich Re acquires tech firm relayr in IoT push
4th September 2018
Global reinsurance giant Munich Re has announced that via its subsidiary Hartford Steam Boiler (HSB), it has acquired technology company relayr, of which it will hold 100% of the shares upon completion. relayr is valued at $300 million, and offers industry participants end-to-end solutions in the area of the Internet of ... Read the full article
One third of brokers lack understanding of cyber risks: DAS UK Group
16th May 2018
Although a majority of UK brokers consider cyber to be an important and rapidly expanding market, 31% also admit that they possess ‘poor’ or ‘very poor’ understanding of cyber risks and cyber insurance, according to a survey by DAS UK Group and HSB Engineering Insurance. DAS and HSB considered these results ... Read the full article
Munich Re’s insurer HSB names non-executive board members
28th February 2018
HSB Engineering Insurance (HSB) has appointed Jeff Herdman and Craig Scarr as new non-executive directors of the company, which is owned by reinsurance giant Munich Re. Herdman, who is currently non-executive director appointments at the Swansea Building Society and Tasker Insurance Group, is to become an independent non-executive director and Chairperson ... Read the full article
Nearly a third of U.S. businesses experienced a data breach: Survey
13th December 2017
According to a recent survey for The Hartford Steam Boiler Inspection and Insurance Company (HSB), a division of global reinsurer Munich Re, 29% of U.S. businesses experienced a data breach in the previous year. The survey was conducted by Zogby Analytics for HSB, as part of a continuing effort by HSB ... Read the full article
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