Credit risk spikes at eastern European businesses

Credit risk spikes at eastern European businesses

Credit risk spikes at eastern European businesses

Businesses trading with eastern European suppliers and customers are at an increased risk of payment default, according to Atradius. New research by the the trade credit insurer found that 86% of eastern European customers have received late payments on invoices during the past year, with 58% citing liquidity issues as the main reason. The report, which analyses data from businesses…

IBM develops tools to help clients deal with GDPR

IBM develops tools to help clients deal with GDPR

IBM develops tools to help clients deal with GDPR

IBM Resilient has developed capabilities to help clients prepare for new data rules under the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018. IBM said an incident response capability has been established to address the new requirements, explaining that the “GDPR is one of the biggest changes in data privacy law in decades”. IBM said…

Ironshore boosts M&A insurance programme capacity to £100m

Ironshore boosts M&A insurance programme capacity to £100m

Ironshore boosts M&A insurance programme capacity to £100m

Ironshore International’s mergers and acquisitions and tax insurance unit has increased its consortium programme capacity to £100m, up from its current limit of £78.5m, in response to client and broker demand. The specialty unit is also announcing a new tax consortium with initial capacity of £40m. Both consortia will be able to write in combination with Ironshore’s Bermudian platform for…

TMK launches VFX and post-production media insurance

TMK launches VFX and post-production media insurance

TMK launches VFX and post-production media insurance

Tokio Marine Kiln (TMK) has launched a hybrid product, VFX and Post-Production Media Insurance, for companies specialising in online or offline editing and digital content. Post-production media insurance, which combines traditional commercial insurance with cyber and reputational management cover, was designed to address the need for insurance cover in the face of cyber attacks and accidental security breaches. Policyholders will…

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

Allianz Global Corporate & Specialty (AGCS) has named Mike Hansen as global head of aviation, effective immediately. He takes over from Henning Haagen, who was appointed northeast zone executive for North America earlier this year and has been managing dual responsibilities in the interim. Mr Hansen, who currently oversees the North American aviation business of AGCS, will relocate from Canada…

Blend launches in Sydney after renewal deal with Beazley

Blend launches in Sydney after renewal deal with Beazley

Blend launches in Sydney after renewal deal with Beazley

A newly approved Lloyd’s syndicate service company, Blend Insurance Solutions, has been launched in Sydney following a deal with Beazley Underwriting to secure renewal rights to its local accident and health portfolio in Australia. The renewal rights to Beazley’s local portfolio gives the startup an immediate presence in Australia and New Zealand. With the backing of established and respected parent…

UK terror attack shows worrying sophistication, but risk level unchanged: analysts

UK terror attack shows worrying sophistication, but risk level unchanged: analysts

UK terror attack shows worrying sophistication, but risk level unchanged: analysts

Police investigations into Monday’s terrorist attack in Manchester are revealing a worrying level of sophistication, but analysts see little change in the underlying risk. Following the attack at the Manchester Arena, in which 22 people died and more than 60 were injured, details of a relatively sophisticated attack have emerged. On Tuesday, the UK Home Secretary, Amber Rudd, said it…

HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

HDI Global will extend cyber offering to 14 countries by year-end as demand rockets

Germany-based international industrial insurance group HDI Global plans to offer its cyber insurance solutions for corporate and mid-market customers in 14 countries by the end of this year, after successfully launching into the German-speaking markets in 2013. Last year, the group launched its cyber activities in France, the Netherlands, Belgium, Australia and the UK. Most recently it pushed into Japan…

Globe Underwriting launches marine division

Globe Underwriting launches marine division

Globe Underwriting launches marine division

Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will report to Gary Corke, CEO, Globe Underwriting. Prior to joining Globe Underwriting, the team worked together for nearly 20 years at Tokio Marine Kiln and International…

1 2 3 143