HDI Global opens Bern office

HDI Global opens Bern office

HDI Global opens Bern office

HDI Global has opened a third branch office in Switzerland. The industrial insurance company said its new Bern office is part of plans for international growth targeting key business regions. Hans Mazenauer, manager of HDI Global SE’s Swiss branch office, said: “Bern is Federal City and also the centre of one of Switzerland’s most important economic regions. In future, this…

Terror and cyber attacks boost demand for crisis cover

Terror and cyber attacks boost demand for crisis cover

Terror and cyber attacks boost demand for crisis cover

Insurance buyers are increasingly turning to crisis management solutions from insurers as they seek to manage fast-evolving security and cyber threats, according to Arthur J Gallagher (AJG). The past two years have seen a number of attacks in Europe and elsewhere in which terrorists used vehicles, knives, guns and explosives, often acting as lone wolves or in marauding attacks, to…

Experts identify likely cyber terror targets

Experts identify likely cyber terror targets

Experts identify likely cyber terror targets

Transport and chemical plants are among the most attractive targets for cyber terrorists, although known terrorist groups are years away from launching sophisticated attacks, according to analysis from the Cambridge Centre for Risk Studies (CRS). CRS analysis found that chemical plants, commercial airliners, the Eurostar train and ordinance facilities are the most attractive targets for cyber terrorists that would have…

Virgin Media warns customers over router hacking risk

Virgin Media warns customers over router hacking risk

Virgin Media warns customers over router hacking risk

Cable broadband provider Virgin Media has told 800,000 of its customers in the UK to change their passwords to protect against being hacked. The advice came after an investigation by consumer group Which? found that Virgin Media’s Super Hub 2 router can be hacked in a matter of days if it is left with the default password that is printed…

Marsh president: ‘Age of the Client’ or ‘Age of Risk or Disruption’?

Marsh president: ‘Age of the Client’ or ‘Age of Risk or Disruption’?

Marsh president: ‘Age of the Client’ or ‘Age of Risk or Disruption’?

The current environment is the ‘Age of the Client’ according to the president of Marsh, John Doyle. Speaking at the Marsh & McLennan Companies Young Professionals’ Global Forum 2017, he called upon delegates to take advantage of the multiple opportunities, pointing to the increasingly dynamic insurance arena, with the emergence of autonomous vehicles, new cyber risks and a constantly evolving…

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

Advertorial: Will you be giving your kids cryptocurrencies for pocket money?

First introduced in 2009, bitcoin has had a turbulent history that shows little sign of settling down. In spite of the drama that surrounds it, the cryptocurrency remains a topic for serious discussion. Graham Hawkins, XL Catlin’s head of fine art and specie, describes the unique characteristics of this “borderless currency”, and considers its viability for mainstream use. Aristotle was…

Better knowledge, expertise and cyber data needed from risk transfer partners

Better knowledge, expertise and cyber data needed from risk transfer partners

Better knowledge, expertise and cyber data needed from risk transfer partners

Insurers and brokers must better share information on cyber risk and losses to help companies manage the threat, say UK participants in our European Risk Frontiers survey. Risk transfer partners also need to develop expertise that brings cyber risk engineering up to the standards of other lines, such as property. The good news is that value-add services delivered alongside cyber…

GDPR could cut cost of cyber crime

GDPR could cut cost of cyber crime

GDPR could cut cost of cyber crime

Strict new EU data protection laws could ultimately save companies money, reduce cyber crime and help earn the trust of consumers, according to a briefing paper from Marsh. The GDPR, which will apply in all EU member states from May 25, 2018, will bring about tougher data protection laws and higher penalties for companies holding data on EU citizens. The…

False sense of security over cyber risk following GDPR delays

False sense of security over cyber risk following GDPR delays

False sense of security over cyber risk following GDPR delays

Delay in the adoption and implementation of the EU’s General Data Protection Regulation (GDPR) means some risk managers have potentially placed the matter on the “back burner” and could therefore be storing up severe problems for their employers, according to Alan Moore, head of UK business and global chief underwriting officer at Generali Global Corporate & Commercial (GC&C). The GDPR…

UK firms lack cyber-savvy workforce to protect against security threats: Willis survey

UK firms lack cyber-savvy workforce to protect against security threats: Willis survey

UK firms lack cyber-savvy workforce to protect against security threats: Willis survey

The majority of UK businesses feel they are protected from cyber attacks but there is a worrying lack of awareness among employees about their role in managing the risk, according to a new survey by Willis Towers Watson. The survey also found that only a quarter of firms believe they effectively manage cyber risks that fall outside of their insurance…

1 2 3 32