Articles

Insurance

Cyber risk modelling start-up Kovrr raises $5.5m; sets out to tackle silent cyber with new approach

Israel-headquartered cyber risk modelling firm Kovrr has raised $5.5 million in its latest funding round led by venture capital firms StageOne Ventures and Mundi Ventures, with participation of Banco Sabadell and other private investors.   17 September 2019

Insurance

Environmental risks are biggest ESG factors for insurers and reinsurers, especially in Asia-Pacific, Fitch heat map reveals

Environmental risks are the biggest ESG factor for insurers and reinsurers, and Asia-Pacific is the region of most concern.   17 September 2019

Insurance

Marsh swoops on AIG, Aon talent to boost UK financial lines unit FINPRO

Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.   17 September 2019

Insurance

AXIS appoints Michael Baumel to head claims succeeding David Hayward

AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020.   17 September 2019

Insurance

Telematics specialist Trak Global seeks rapid growth in North America; appoints CEO

UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent.   17 September 2019

Insurance

New Dawn Risk strengthens team with senior Paragon hire

Specialist insurance intermediary New Dawn Risk Group has appointed James Bullock-Webster as head of technology, media and cyber.   17 September 2019

Insurance

Understanding worst-case scenarios crucial in cyber resilience strategy, data shows, suggesting $6tr global losses by 2021

A new research conducted by Cybersecurity Ventures suggests that the annual global cyber losses are expected to reach $6 trillion by 2021, with cyber security spending projected to exceed $1 trillion cumulative in the five years period leading up to 2021.   13 September 2019

Insurance

Gallagher swoops for JLT's Brent Kruger as UK chief information officer

Broker Gallagher has recruited Brent Kruger as its new UK chief information officer (CIO).   13 September 2019

Insurance

Insured loss estimates for Hurricane Dorian reach $5bn for US and Carribean, says cat modeller KCC

Catastrophe modelling firm Karen Clark & Company (KCC) has estimated that the total insured loss from Hurricane Dorian in the US and Caribbean will be close to $5 billion.   12 September 2019

Insurance

P&C premium growth drives sharp rise in revenue for reinsurers; firms see 'benign major loss'

Reinsurers posted strong earnings in the first half of 2019, driven by a surge in premiums in Property & Casualty (P&C), according to Aon’s Reinsurance Aggregate ( ARA) report.   12 September 2019

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