Axis offers cyber, professional liability coverage for small, midsize firms
Cyber Risks, P/C Insurers Axis
We’re heading towards an environment where it’s more a series of P&C markets: Aon President
While the outlook for property and casualty (P&C) pricing remains favourable for 2024, Eric Andersen, President of re/insurance broker Aon, expects a transition to a more product and risk specific marketplace over the next 12-24 months.
Trump administration sues states to block planned climate change suits
Environmental, General liability, Risk Management
Allianz is lead insurer for Singapore Airlines plane: Sources
Aviation, P/C Insurers Asia-Pacific & Australasia, Germany Allianz
London PI market buoyant, but concerns grow about inflation: Clyde & Co
Clyde & Co’s second annual London Market Professional Indemnity Report, based on a survey of PI professionals across underwriting, broking and claims, has revealed a widespread optimism about market conditions for the coming months, tempered by wariness of macroeconomic and inflationary pressures on the horizon.
Korean Re enters coinsurance deal with Samsung Life
Korean Re entered into a coinsurance deal with Samsung Life concerning the life insurer’s liabilities worth KRW 700 billion in October 2023.
Ilitch hires ex-Stellantis risk manager for ERM role with captive insurer
Agents and Brokers, Alternative Risk Transfer/Captives, Risk Management Marsh & McLennan
UK bans TikTok on government phones over security concerns
Cyber Risks Belgium, Canada, European Union, United Kingdom
MGA Rokstone names former AIG exec as aviation leader
Agents and Brokers, Aviation, Construction, General liability, Marine, P/C Insurers, Property Middle East/Africa AIG, Allianz
Sompo appoints Pablo Diago as Chief Claims Officer commercial & consumer insurance APAC
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm’s commercial and consumer insurance business in Asia Pacific (APAC), effective immediately.
Bermuda plays key role in reinsurance innovation and collaboration: PwC’s Wightman
The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change.
CyberCube secures over $180m investment from Spectrum Equity
CyberCube, a provider of cyber risk analytics for the re/insurance industry, has secured a sizeable investment of over $180 million from Spectrum Equity, a new cornerstone investor, which will be used to fuel the future development of the firm’s products and solutions to quantify cyber exposures.
