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Insurance
Allianz, Cisco, Apple and Aon have joined forces to develop a new cyber risk management solution for businesses. 19 February 2018
Insurance
Enstar Group-owned Lloyd’s managing agency, StarStone Underwriting has finalised a reinsurance-to-close transaction with Neon Underwriting, according to a Feb. 16 press release. 19 February 2018
Insurance
Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account. 19 February 2018
Insurance
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol. 16 February 2018
Insurance
Germany’s Allianz saw claims stemming from California wildfires, hurricanes Harvey, Irma and Maria plus European storms and other natural catastrophes rise to €1.1 billion in 2017 compared to €0.7 billion in 2016. 16 February 2018
Insurance
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016. 16 February 2018
Insurance
Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event. 16 February 2018
Insurance
Marine insurance-focused The Navigators Group reported a stable combined ratio for the fourth quarter of 2017 while the ratio climbed in the full year on the back of natural catastrophes. 16 February 2018
Insurance
Everest Re Group has appointed Shaun Safi as vice president in the US property team of Everest Insurance. He joins from Zurich Insurance. 16 February 2018
Insurance
Data analytics provider Verisk's business Geomni has enhanced its drone service for properties with the launch of its new mobile app for ground imagery and unmanned aerial vehicle (UAV) inspections. 16 February 2018
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