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…

Atradius unveils online credit management portal

Atradius unveils online credit management portal

Atradius unveils online credit management portal

Trade Credit insurer Atradius has launched Atradius Atrium, its new credit management portal. The Oracle-based portal is being introduced between 19 June and 15 July in Atradius’s markets around the world. Atrium is primarily used to apply for cover and file claims, the services most frequently used by customers. Atradius customers can search for and view information about buyers’ creditworthiness,…

Randall and Quilter to sell Lloyd’s managing agency to Coverys

Randall and Quilter to sell Lloyd’s managing agency to Coverys

Randall and Quilter to sell Lloyd’s managing agency to Coverys

R&Q Investment Holdings has agreed to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency, to Coverys, the medical professional liability insurer based in Boston, Massachusetts. The sale remains subject to regulatory change of control approval by Lloyd’s and the Prudential Regulation Authority, expected in late 2017. The sale follows R&Q’s previously announced decision to simplify…

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…

Chaucer launches Dublin-based company to write international specialty business

Chaucer launches Dublin-based company to write international specialty business

Chaucer launches Dublin-based company to write international specialty business

Chaucer, the Lloyd’s insurer, has formed a new company in Ireland as a base for its European business. It said the Central Bank of Ireland has approved the formation of a Dublin-based company that will trade under the name of Chaucer Dublin DAC, to write international specialty insurance and reinsurance business. Chaucer Dublin, which has an S&P A rating through…

Arthur J Gallagher launches crime and management liability product

Arthur J Gallagher launches crime and management liability product

Arthur J Gallagher launches crime and management liability product

Arthur J Gallagher has introduced a combined management liability and crime insurance package aimed at private limited companies in the UK. Branded Definitive Crime and backed by A-rated capacity, the product reimburses the company in the case of direct financial loss of assets (money, securities and other defined property) caused by a dishonest employee or third party. The product also…

BP Marsh backing US specialty broker startup

BP Marsh backing US specialty broker startup

BP Marsh backing US specialty broker startup

London-based private equity investor BP Marsh & Partners has invested $6m for a 35% stake in New York-based specialty lines insurance distribution startup, XPT Group. The group invested in XPT through its wholly owned subsidiary company, BP Marsh (North America). In a statement on its website, BPM said it is backing the ex-Swett & Crawford CEO Tom Ruggieri and his…

IGI adds legal expenses insurance to growing specialty portfolio

IGI adds legal expenses insurance to growing specialty portfolio

IGI adds legal expenses insurance to growing specialty portfolio

International General Insurance (IGI), the Dubai-based specialist commercial insurer and reinsurer, has entered the commercial legal expenses insurance market with the appointment of Terry Mason to develop the business. IGI now offers both before-the-event and after-the-event legal expenses insurance that can be written on direct placements, through coverholders, line slips or as a reinsurance contract. New hire Mr Mason brings…

Axis hires data scientist for product development role

Axis hires data scientist for product development role

Axis hires data scientist for product development role

Axis Insurance has hired a leading data scientist to help it develop next generation specialty insurance products. As vice-president, data and analytics, Dr Meghan Anzelc, a trained physicist and data scientist, will be responsible for implementing a strategy to expand Axis’s analytics capabilities. Prior to joining Axis, Dr Anzelc was vice-president, lead data scientist for Zurich North America, where she…

1 2 3 21