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UK Treasury Committee demands answers from insurers on Covid-19 and BI claims

The UK’s Treasury Committee has written to the Association of British Insurers (ABI) demanding answers about the way the insurance…

Chubb allegedly suffers Maze ransomware attack

Chubb has allegedly been hit by a Maze ransomware attack and has confirmed it is investigating a security incident. Ransomware operator Maze has claimed that…

By Ben Norris on March 27, 2020

Portugal delays new stamp duty reporting system until 2021

Portugal is to delay the introduction of its new stamp duty reporting system until 2021, according to insurance premium tax compliance consultancy Impendulo. This is…

By Tony Dowding on March 27, 2020

European policymakers urged to keep financial markets open

European and national policymakers have been urged to…

By Tony Dowding on March 27, 2020

Negative outlook for underlying fundamentals of London market and reinsurance sectors

Fitch Ratings has revised its outlook for the…

By Tony Dowding on March 27, 2020

New GB head of Finex D&O for Willis Towers Watson

Willis Towers Watson’s (WTW) GB financial lines and…

By Tony Dowding on March 27, 2020

Remote working in Covid-19 pandemic will spike cyber risk, warns Zurich

Corporates with employees working from home during the…

By Sarah Jolly on March 26, 2020

Risk Management

South Korea and Taiwan face biggest exposure to Chinese downturn finds Russell Group

South Korea is the country with the highest…

By Adrian Ladbury on March 25, 2020

Mega corporates run 6% chance of annual $100m cyber loss, finds new study

There is a 6% risk of Fortune 1000…

By Sarah Jolly on March 25, 2020

Airmic halts 2020 conference plans

Airmic’s conference is almost certainly off after the…

By Ben Norris on March 25, 2020

Insurance

The Adidas case – what does it mean for companies with multinational insurance programmes?

Can you summarise what happened in the Adidas case? David…

By David Halperin, deputy general counsel, AIG General Insurance; and Stephen Morton, head of multinational, AIG Europe on March 27, 2020

IAIS tells supervisors to be vigilant of insurance digitalisation risks

Increasing digitalisation of insurance could unintentionally create risks of poor…

By Tony Dowding on March 25, 2020

Zurich rolls out marine cargo platform

Zurich Insurance Group will roll out its new marine insurance…

By Ben Norris on March 25, 2020

Cyber

Beazley reports 131% ransomware spike and warns Covid-19 will heighten cyber risk

Ransomware attacks surged 131% in 2019, according to Beazley, which has warned…

By Sarah Jolly on March 24, 2020

International Programme News

BMS acquires Spanish broker Jurado Mata

Independent (re)insurance broker BMS Group has acquired Spanish broker Jurado Mata through…

By Sarah Jolly on March 25, 2020

Risk Management Profession

Captives

CICA elects new chair, vice-chair and board members

The Captive Insurance Companies Association (CICA) has elected Lance Abbott as chair…

By Tony Dowding on March 17, 2020

Legal & Regulation

Kenya’s insurance regulator in search of fraud prevention interventions as losses pile up

Fraud is a major issue in the Kenyan insurance market and is…

By Patrick Alushula on March 24, 2020

People Moves

Marsh appoints multinational practice leader for Scotland

Fiona Park has been appointed as Marsh’s multinational practice leader for Scotland…

By Tony Dowding on March 23, 2020

Experts put forward supply chain risk management response for triple-shock Covid-19

The business impact of Covid-19 will be unlike anything in…

By Ben Norris on March 20, 2020

Mactavish calls for emergency coronavirus measures to support insurers and their clients

Mactavish has called for a range of emergency measures to…

By Ben Norris on March 18, 2020

Cyber market shows signs of hardening as losses grow

Cyber insurance rates are likely to rise for large companies…

By Stuart Collins on March 17, 2020

Covid-19 insurance claims uncertain as insurers turn to policy language and exclusions, warns Marsh

Insurers have learnt from previous virus outbreaks and in many…

By Stuart Collins on March 12, 2020

Kenya’s insurance regulator in search of fraud prevention interventions as losses pile up

Fraud is a major issue in the Kenyan insurance market…

By Patrick Alushula on March 24, 2020

Learning lessons from the 2019 cyclones

Stakeholders need to go above and beyond if they are…

By Liz Booth on March 24, 2020

Experts put forward supply chain risk management response for triple-shock Covid-19

The business impact of Covid-19 will be unlike anything in…

By Ben Norris on March 20, 2020

Risk managers rising to the challenge of employee benefits

Employee benefits have become an increasingly hot topic for corporate…

By Adrian Ladbury on February 18, 2020

Civil unrest, conflict and trade wars to drive political risk in the 2020s

Corporates are being warned to expect an increase in conflicts,…

By Stuart Collins on February 17, 2020

Market hardening intensifies across Europe and all global regions, finds Marsh

The commercial insurance market hardening accelerated across all regions in…

By Ben Norris on February 11, 2020

Mactavish calls for emergency coronavirus measures to support insurers and their clients

Mactavish has called for a range of emergency measures to…

By Ben Norris on March 18, 2020

Cyber market shows signs of hardening as losses grow

Cyber insurance rates are likely to rise for large companies…

By Stuart Collins on March 17, 2020

Covid-19 insurance claims uncertain as insurers turn to policy language and exclusions, warns Marsh

Insurers have learnt from previous virus outbreaks and in many…

By Stuart Collins on March 12, 2020

Risk managers concerned about Aon’s $30bn WTW acquisition

High-profile risk managers have told Commercial Risk Europe they are concerned…

By Adrian Ladbury & Ben Norris on March 12, 2020