Articles
Insurance
Almost half (49 percent) of all UK councils have faced a cyber attack since the beginning of 2017, with cyber criminals hitting these organisations with 263 million attacks in the first half of 2019 alone, research has revealed. 3 October 2019
Insurance
Tokio Marine HCC, a subsidiary of global insurer Tokio Marine Group, has appointed Jennifer Metcalfe as senior surety underwriter - France. 3 October 2019
Insurance
Verisk Analytics, a major supplier of products to the insurance industry, has been stopped from selling some of its products in the United States and ordered to pay $125 million by a court, which said the company had willfully infringed patents. 27 September 2019
Insurance
The board of the London Market Group (LMG) has confirmed that its market modernisation programme, the London Market Target Operating Model (LM TOM), will cease to operate in its current form. 27 September 2019
Insurance
Ratings agency AM Best has revised the outlook of specialty insurance company ProAssurance Corporation to negative from stable, expressing concern over its operating performance in recent years. 27 September 2019
Insurance
New Energy Risk, an affiliate of global insurer AXA XL, has made several key hires and promotions to drive its future growth strategy as the company plans expansion into new technology sectors. 27 September 2019
Insurance
In recent years the industry has been experiencing big losses from unexpected perils, Tom Johansmeyer, assistant vice president–PCS strategy and development at ISO Claims Analytics, told Monte Carlo Today. 11 September 2019
Insurance
Reducing the cost of distribution is a key concern for clients of Sequel, a Verisk business that focuses on complex commercial and specialty insurance software innovation. Chief commercial officer EMEA, Paul Latarche, told Monte Carlo Today that carriers are looking for ways to reduce the cost of access to certain business lines. 11 September 2019
Alternative Risk Transfer
Alternative capital is now entering the market at many more points in an attempt to get closer to the risk and the logical conclusion is that some insurance-linked securities (ILS) funds will look to launch rated carriers, Eric Andersen, co-president of Aon, told Monte Carlo Today. 11 September 2019
Insurance
Global insurance legacy specialist DARAG has seen a “flurry of activity” in the last 18 months with a number of acquisitions and funding, “and more announcements to come”, the company’s group chief executive officer Tom Booth told Monte Carlo Today. 8 September 2019
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