Articles
Insurance
Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative. 5 July 2019
Insurance
Korean Re’s reinsurance subsidiary in Switzerland, which opened on 1 June 2019, has achieved an ‘A’ rating from S&P Global Ratings. 5 July 2019
Insurance
Insurance and reinsurance marketplace Lloyd’s has mandated that from 1 January 2020 all insurers are required to provide clarity about cyber coverage by either excluding or providing affirmative coverage. 5 July 2019
Insurance
Specialist insurer Markel International has appointed Keith Paul as senior underwriter in its trade credit and political risk team in Dubai. 5 July 2019
Insurance
Allianz Insurance has appointed David Harris as its new regional motor underwriting manager for UK Midlands and the South West region. 5 July 2019
Insurance
Ridgecrest, in Kern County, California, has been hit by a 6.4 magnitude earthquake, prompting the California Earthquake Authority (CEA) to state that around 2,000 policyholders in the affected area who have seen damage to their property as a result “would be considered well within CEA’s claim-paying capacity for covered claims”. 5 July 2019
Insurance
A parametric fisheries insurance policy for Carribean governments, described as “pioneering” by the issuing body, has been taken up by the authorities of Grenada and Saint Lucia. 5 July 2019
Insurance
Lloyd’s of London has launched a new software tool, developed in partnership with the Lloyd’s Market Association and four Lloyd’s managing agents, including Brit, Liberty Specialty Markets and Sirius International, to improve the quality of insurance contract review across the world. 5 July 2019
Insurance
Tokio Marine Management (Australasia) (TMMA), a wholly-owned subsidiary of Tokio Marine & Nichido Fire Insurance, has acquired Accident and Health International Underwriting (AHI), a specialist accident, medical and corporate travel underwriting agency. 5 July 2019
Insurance
Insurtech Guardhog, a homesharing insurance specialist, has launched a new blockchain-powered deposit cover designed to address the particular needs of sharing economy. 5 July 2019
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