News
Insurance
The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln. 23 May 2018
Insurance
Operational and legal complexities, as well as preparing for the tight reporting window for breach notification are the main challenges that re/insurers have met on their path toward complying with the implementation of the EU’s General Data Protection Regulation (GDPR) effective May 25, 2018. 23 May 2018
Insurance
CCP TopCo, the holding company of re/insurance broker RFIB, plans to double its revenues to £100 million in the next three years through acquisitions, the addition of managing general agents (MGAs) and a captives businesses while rebranding the group to Risk Transfer Group (RTG). 22 May 2018
Insurance
Everest Specialty Underwriters (ESU), a unit of Everest Insurance, has expanded its financial lines portfolio with the addition of new executives from P&C insurer Chubb. 22 May 2018
Insurance
Dallas-based startup digital life insurance distribution company Bestow has secured $15 million in a Series A funding round led by Valar Ventures, bringing its total financing to more than $18 million. 22 May 2018
Insurance
A new data protection regulation which comes into force from May 25 in Europe will offer customers more insight into insurers’ decisions with regards to pricing and claims payments, increasing the likelihood of disputes while facilitating the switch to a different provider, as Intelligent Insurer discovers. 21 May 2018
Insurance
Aviva's most recent bulk annuity transaction with retailer Marks and Spencer (M&S) is more than 50 percent larger than any of Aviva's previous bulk transactions, according to Jefferies analysts. 18 May 2018
Insurance
Southeast Asian insurtech start-up Jirnexu has secured $11 million of investment from Japan-based SBI Group and US-based investor SIG Asia Investments (SIG). 17 May 2018
Insurance
Bermuda-based Fidelis Insurance has taken an equity stake in a new managing general agent (MGA) Aware Specialty, and will be providing underwriting capacity. 17 May 2018
Insurance
Credit risk insurance policies are likely to become more expensive and less readily available if regulatory changes proposed by the UK’s Prudential Regulation Authority (PRA) are pursued, according to the International Underwriting Association (IUA). 16 May 2018
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