RSA launches its first cyber policy for large corporates
RSA is launching its first standalone cyber insurance offering for large corporates…
HDI Global appoints life sciences underwriter
HDI Global has appointed Tanya Patel as underwriter for its life sciences unit. Ms Patel will be responsible for underwriting life science risks including pharmaceuticals, medical products and devices, chemicals and clinical trials. Ms Patel joins HDI Global from RSA, where she worked as a specialist environment impairment liability and casualty assistant underwriter, specifically for chemical risks. Tom Daniels, life…
Aon boosts M&A expertise for infrastructure clients
Aon has named Charlie Garrood as head of infrastructure M&A for the EMEA region. Mr Garrood joins Aon from PwC where he worked in corporate finance, advising clients on M&A and debt financing. Aon said the appointment will expand and deepen its M&A and transaction solutions service for infrastructure clients. “Infrastructure investors face unique challenges when executing M&A processes in…
SCOR defends itself as activist investors complain over rejected Covéa bid
SCOR has reportedly reacted to pressure from activist investors over its rejection of an €8.2bn acquisition offer by French group Covéa, by reiterating its commitment to creating value for its long-term shareholders…
UK Government advises firms to prepare for data disruption in no-deal Brexit
A Brexit no-deal would obstruct the free flow of personal data from the European Union (EU) to the UK, the UK Government has warned, going on to urge its firms to proactively address potential disruptions. The European Commission (EC) has said it will not agree to put in place, or enter discussions over, arrangements that would allow the continued flow…
UK firms failing to grasp GDPR’s reporting deadlines, warns regulator
The UK data protection regulator has warned that some companies are “struggling” to fully understand that General Data Protection Regulation (GDPR) breaches must be reported within the first 72 hours. While the UK Government has warned that a no-deal Brexit would obstruct the free flow of personal data from the European Union (EU) to the UK, going on to urge its firms to proactively address potential disruptions…
CII slashes gender pay gap and encourages insurance industry to follow suit
The UK’s Chartered Insurance Institute (CII) has reduced its mean gender pay gap significantly to 16.64% from 28% last year, while its median gender pay gap has also fallen from 18% to 5.65%. The body said it will continue to reduce the gap, with the aim of closing it entirely. The CII has been working on reducing its gender pay…
Hurricane Florence loss estimates range from $2.5bn to $5bn
Hurricane Florence, which made landfall in North Carolina on Friday, is estimated to cost insurers less than feared at between $2.5bn and $5bn, according to a range of industry estimates, and will be easily absorbed by the market, experts say…
Marsh & McLennan Companies’ $5.6bn JLT acquisition all about growth, says Glaser
Marsh & McLennan Companies’ (MMC) planned acquisition of JLT for $5.6bn is all about delivering growth, said the buyer’s CEO Dan Glaser, who added that the deal will see his company become a “stronger” specialty broker…
Claims hit one in five insured M&A deals, with large transactions more exposed: AIG
Transaction risks in merger and acquisition deals remain high, with a claim on one in every five (19%) warranty and indemnity (W&I) policies covered by AIG, the insurer said on publishing its third annual market study…