Articles
Insurance
Market digitalisation and the launch of the “Brexit-proof” Lloyd’s Brussels subsidiary were highlighted as ongoing initiatives that could help the specialist re/insurance market continue to turn around its performance, after CEO John Neal described the 2018 annual results as “not of the standard that we would expect”. 27 March 2019
Insurance
Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million). 27 March 2019
Insurance
Broker Marsh has launched a new programme, called Cyber Catalyst, that brings together a number of leading insurers to evaluate cybersecurity offerings and address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion. 27 March 2019
Insurance
UK P&I Club, a provider of protection and indemnity insurance to the international shipping community, has received approval from the Dutch financial regulator to establish a Brexit subsidiary in Rotterdam. 27 March 2019
Insurance
Arch Capital-backed Bermuda re/insurer Watford Holdings expects to start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission. 27 March 2019
Insurance
Insurer Chubb has appointed Richard Porter as senior vice president, head of financial lines for Chubb Bermuda. 27 March 2019
Insurance
A volatile investment environment and a costly year for natural catastrophes drove an aggregated loss of £1 billion in 2018 at Lloyd's of London – but its results were still a significant improvement on 2017 when it lost double this amount. 27 March 2019
Insurance
Specialist insurance and reinsurance market Lloyd's of London has outlined a new "plan of action" to address reports of sexual harassment in the market and create a safe and inclusive working environment. 27 March 2019
Insurance
Specialist Lloyd's insurer Neon will lead a newly established London political risks insurance consortium, with re/insurer MS Amlin becoming a joint agreement party. 27 March 2019
Insurance
French insurer AXA Group has appointed Gilles Moëc as new group chief economist, reporting to AXA Investment Managers CEO Andrea Rossi. 27 March 2019
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