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Ferma launches ‘hands-on’ guide to buying cyber insurance
Ferma has published a guide to buying cyber insurance to help organisations better prepare submissions for insurers and evaluate cyber cover. Awareness of cyber risk is growing, given high-profile...
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Risk managers urged to help create shared cyber language to boost resilience
Risk managers have been encouraged to help develop a common language, or taxonomy, for digital risks that will enable different stakeholders to understand each other, create common data and ultimately...
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European risk managers struggle to see gains from ongoing M&A
Europe’s risk managers are watching the latest round of M&A activity among insurers and now brokers very carefully, and with a sceptical eye…
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AGCS restructures alternative risk transfer business
Allianz Global Corporate & Specialty (AGCS) is to separate its insurance-linked markets team from the rest of its alternative risk transfer (ART) business. It said there is increasing demand from...
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ArgoGlobal hires new APAC underwriting head
Specialty insurer ArgoGlobal has appointed Michael Scala as chief underwriting officer for Asia-Pacific. Mr Scala has more than 35 years’ experience in the insurance sector, half of which was with...
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Lloyd’s pledges Brexit claims commitment
Lloyd’s has confirmed it will honour claims from all existing policies in force across Europe if the UK leaves the European Union without an agreed transition period…
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Willis Towers Watson appoints western Europe head of FINEX
Willis Towers Watson has appointed Elke Vagenende as head of western Europe for FINEX, its financial, executive and professional risks unit. Ms Vagenende joins Willis after six years at AGCS, most...
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Brokerslink appoints former CEO Fonseca as chairman
Brokerslink has appointed former CEO José Manuel Fonseca as chairman to replace Grégory Allard, who will step down after his two-year tenure…
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LSM appoints deputy country manager for Switzerland
Liberty Specialty Markets (LSM) has appointed Markus Hefel as deputy country manager for Switzerland. Mr Hefel will be based in Zurich and report to LSM’s general manager for Switzerland Felix Böni. Mr...
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Antares appoints new head of specialty
Lloyd’s managing agent Antares has appointed John Taylor as head of specialty, replacing the retiring Kieran Oliver. Mr Taylor joins Antares after 12 years at CNA Hardy, where he was also head of...
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Artemis founder to join Peak Re
Hong Kong-based reinsurer Peak Re has recruited the founder of Artemis Specialty, an advisory firm for (re)insurers and insurtechs, to become its new chief operating officer (COO). David Cabral’s COO...
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Facebook reveals hackers accessed 30 million accounts
Facebook has revealed that personal data from about 30 million user accounts was accessed by hackers in last month’s cyberattack, fewer than the 50 million first thought. The company added that the...
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MMC says up to 5% of jobs under threat following JLT acquisition
Following its planned acquisition of JLT, Marsh & McLennan Companies (MMC) expects up to 5% of the combined company’s workforce will be cut as it seeks to optimise synergies of about $250m within...
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HK insurance regulator promotes ILS
Hong Kong will step up its efforts to foster the creation of an insurance-linked securities (ILS) market through the introduction of legislation to allow the formation of special purpose vehicles to...
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Brexit begins to change dynamics but London company market delivers 16%...
No dominant post-Brexit hub is emerging for London company firms, as the market delivered a 16% premium jump in 2017 and its statistics begin to reflect changing dynamics bought about by the UK’s EU...
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