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Cyber & Technology
Cyber budgets increase and executive overview improves: Moody’s
Spending on cyber risk has risen fast and attention paid to the issue by top management has significantly increased, according to Moody’s 2023 cyber survey of more than 1,700 ...…
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Legal & Regulation
UK warned against single regulator for AML supervision
The UK government’s proposals to reform and potentially streamline anti-money laundering (AML) supervision has been criticised by the accountancy body ICAEW. In a submissio... Want to read this article? Register…
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People Moves
Allianz appoints Coste-Lepoutre as CFO as Terzariol departs
Allianz’s chief financial officer (CFO) Giulio Terzariol is leaving the company after he was granted early release from his mandate as a member of the board of management at h...…
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Brokers
Howden adopts unified brand to ‘unlock’ growth
Fast-growing global broking group Howden has unveiled a new brand as it brings together its global broking operations under one name. This means that recently acquired lead... Want to read…
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ESG
Allianz-backed Dutch offshore wind farm inaugurated
The Allianz-backed offshore wind farm Hollandse Kust Zuid (HKZ) has been officially inaugurated by Dutch King Willem-Alexander. HKZ is owned by Vattenfall, BASF and Allianz... Want to read this article?…
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Reinsurance
Axis and Stone Point partner to create Monarch Point Re
Axis Capital has partnered with Stone Point Credit Adviser to create Bermuda-based collateralised reinsurer Monarch Point Re. The new reinsurer is capitalised at over $400m... Want to read this article?…
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People Moves
Aspen names Bianconi global cyber head
Aspen Insurance has promoted Bobby Bianconi to global head of cyber. He was previously head of US cyber and joined Aspen in 2016. Bianconi will now lead Aspen’s global c...…
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ESG
European insurers covering nearly a third of US coal mines
Although AIG remains the biggest carrier, European insurers, including Lloyd’s, Zurich and Swiss Re, are underwriting nearly a third of the US’s biggest coal mines, with some ... Want to…
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Cyber & Technology
Dark web monitoring service launched to help firms pre-empt cyber threats
Cyber security firm NCC Group has launched a global monitoring system to detect potential cyber threats emerging on the dark web before they take hold within organisations. ... Want to…
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Cyber & Technology
Norway asks Europe to extend Meta ban for GDPR breach
Norway’s data protection authority has called on Europe to extend its country-wide ban on behavioural advertising against Meta’s Facebook and Instagram to the rest of Europe. ... Want to read…
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Latin America
LATAM buyers turning to international markets as local capacity dries up
Latin American insurance buyers are turning to international hubs like London and Miami to meet their growing appetite for specialty covers as local underwriters become more r... Want to read…
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Cyber & Technology
HDI Global Specialty becomes capacity provider for cyber specialist Coalition
HDI Global Specialty is backing cyber insurer and MGA Coalition as a capacity provider in Canada. The German-headquartered firm will join Coalition’s cyber and technology E... Want to read this…
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Cyber & Technology
UK SMEs ‘under-prepared’ for heightened cyber risk, survey suggests
Three-quarters of executives at UK SMEs are not able to confidently identify a cyberattack, with half unable to recognise a phishing email, according to a survey from cyber in... Want…
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Asia
Double-digit growth forecast for APAC liability insurance
The liability insurance industry in the Asia-Pacific (APAC) region is projected to grow from $39.4bn in 2023 to $61.7bn in 2027, in terms of written premiums, according to Glo... Want…
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Energy
McGill launches offshore wind cat models to boost capacity in high-risk areas
Specialist broker McGill and Partners said a new collaboration with Renew Risks to develop catastrophe models for offshore wind will create more capacity for insureds as proje... Want to read…
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Cyber & Technology
Chubb joins with cybersecurity specialist on cyber risk management
Chubb is collaborating with cybersecurity specialist SentinelOne to streamline cyber risk management practices for US businesses in a move that could see incentivised policy p... Want to read this article?…
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People Moves
IRM adds Aviva’s Epstein to board
The Institute of Risk Management (IRM) has appointed Aviva’s David Epstein as a new non-executive director. The IRM said Epstein brings a wealth of experience to the role, ... Want…
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Legal & Regulation
LMG looks to revive UK’s ILS regime
The London Market Group (LMG) is lobbying for changes to the UK’s insurance-linked-securities (ILS) regime, which has struggled to attract interest from sponsors. In 2017, ... Want to read this…
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ESG Litigation
Austrian Airlines successfully sued for greenwashing
The Austrian Association for Consumer Information (VKI) has obtained a greenwashing judgment against Austrian Airlines AG (AUA), which had advertised flights as CO2-neutral, u... Want to read this article? Register…
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Latin America
Mexico’s insurance sector outlook revised to stable from negative, says Best
AM Best has revised its outlook for Mexico’s insurance segment to stable from negative, given the strong recovery in the country’s insurance industry as its economy continues ... Want to read…