According to rating agency Fitch Ratings, US standalone and packaged cyber statutory direct written premiums increased by 74% in 2021, to nearly $5 billion compared with a 9% growth for the property & casualty (P&C) industry overall.
Global Risk Solutions, Inc., (GRS), a provider of property & casualty (P&C) claims adjusting and environmental risk management solutions, has announced the retirement of William “Bill” Kramer as Chief Executive Officer of the company’s Complex Claims Solutions USA business unit (CCS).
Fintech companies are set to win significant market share from banks says JPMorgan’s Chase chief Jamie Dimon, who laments the regulatory constraints that hobble banks as they face up to the threat from Big Tech competitors.
Financial services firms must urgently review their IT systems and processes for managing customer vulnerability, experts warn as new independent guidance sets higher standards and is adopted by the Financial Ombudsman Service (FOS).
Financial technology firm Iress is to cut ten percent of its headcount amid a restructuring effort that will entail a leadership reshuffle and the divestment of its the Managed Fund Administration and platform services.
JC Flowers & Co. LLC, a leading private investment firm dedicated to investing globally in the financial services industry, has completed fundraising for its fifth private equity fund – JC Flowers V LP with more than $1.1 billion in commitments.
Arvest Bank’s originations are expected to grow slightly in 2024 on the heels of double year-over-year growth in 2023 following…
Aon, the global insurance and reinsurance broking group, has appointed Lambros Lambrou as its Chief Strategy Officer, where he will be responsible for key Aon Executive Committee initiatives, effective immediately.
Re/insurance broker Aon has announced the appointment of Samer AlFayez as CEO of Aon Saudi Arabia for the Commercial Risk Solutions in the Kingdom.
Catastrophes, Coronavirus, Coverage Disputes, Emerging Risks, P/C Insurers
Agents and Brokers, Catastrophe Modeling, Catastrophes, Disaster Management, P/C Insurers, Property, Reinsurance Arthur J. Gallagher & Co.
Pan-Nordic investment platform Nordnet temporarily shut down its services for four hours on Tuesday after customers reported being able to access other users accounts.
