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Insurance
Insurers based in the UK are creating new entities in the EU to ensure access to the market after Brexit, but the move is set to involve low numbers of staff, Standard & Poor’s suggested in a May 16 briefing in London. 17 May 2017
Insurance
Large-scale ransomware attacks, such as the ‘WannaCry’ on May 13-15, are highlighting the vulnerabilities in companies’ IT systems, which is in turn likely to increase the demand for related insurance protection. But Fitch Ratings warns insurers against aggressive expansion. 17 May 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group, has appointed Gabe Levitt as executive vice president. 17 May 2017
Insurance
Beazley, a provider of specialist environmental liability insurance, has increased its capabilities with the hire of two new environmental underwriters in the US. 17 May 2017
Insurance
AXA has appointed Joyce Phillips as CEO of a new business unit dedicated to customer innovation and new business models. 17 May 2017
Insurance
The insurance industry opposes ideas put forward in a European Commission consultation to either transfer some conduct of business powers from the European Insurance and Occupational Pensions Authority (EIOPA) to the European Securities and Markets Authority and/or to merge EIOPA with the European Banking Authority. 17 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit 150 countries are expected to become more frequent and expose the cyber protection gap in the global economy, according to experts. 15 May 2017
Insurance
American International Group (AIG) has officially announced Brian Duperreault as its new president, CEO and director. 15 May 2017
Insurance
Premium and/or rate reductions have slowed and in some cases are no longer obtainable in the aviation market, according to the May 2017 JLT aviation newsletter ‘Plane Talking’. 15 May 2017
Insurance
The retail international division and the property/casualty (P&C) reinsurance segment boosted growth of Hannover Re parent Talanx in the first quarter of 2017. 15 May 2017
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