Chubb MENA makes four underwriting appointments

Chubb MENA makes four underwriting appointments

Chubb MENA makes four underwriting appointments

Chubb has made four appointments to its underwriting team in MENA, as it continues to build its insurance capabilities in the region. Adam Groves, currently senior underwriter, oil and energy for Chubb in MENA, has been promoted to the role of regional manager, oil and energy, MENA. He will continue to be based in Dubai, reporting to Mojgan Khoshabi, regional…

Space insurers pleased to see successful second-hand rocket launch

Space insurers pleased to see successful second-hand rocket launch

Space insurers pleased to see successful second-hand rocket launch

SpaceX, the California-based rocket launch company run by entrepreneur Elon Musk, has successfully re-flown a segment from one of its Falcon 9 rockets – much to the relief of space insurers. The first-stage booster, which had already been used on a mission 11 months ago, sent a telecommunications satellite into orbit from Florida’s Kennedy Space Center this week. Usually, such…

Markel International to write trade credit business in Canada

Markel International to write trade credit business in Canada

Markel International to write trade credit business in Canada

Markel International is looking to develop its trade credit and political risk business in Canada after successfully developing the line in New York. Markel Canada, established in 1966, with offices in Toronto, Montreal, Calgary and Vancouver, will develop the business through its network of Canadian brokers in close cooperation with its specialised trade credit and political risk underwriters in London…

Chaucer appoints Murphy to senior class underwriter role

Chaucer appoints Murphy to senior class underwriter role

Chaucer appoints Murphy to senior class underwriter role

Chaucer, the specialist Lloyd’s insurance group, has appointed Joe Murphy as senior class underwriter in the casualty division. He will write primarily US general liability business through Chaucer Syndicate 1084, with a focus on larger wholesale facultative accounts, and will report to David Barber, head of specialist lines at Chaucer Syndicates. Mr Murphy joins from HDI Global SE, where he…

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

Following the completed acquisition of Endurance Specialty Holdings by Sompo Holdings, AM Best has removed Endurance Specialty Insurance Ltd. (Bermuda) and its subsidiaries from under review with positive implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent), and the long-term issuer credit ratings (ICR) to aa- from a. AM Best has also upgraded the long-term ICR…

Chubb launches online broker platform for SME clients

Chubb launches online broker platform for SME clients

Chubb launches online broker platform for SME clients

Chubb Ignite is a new online platform for brokers and their small and medium-sized (SME) and middle market clients in the UK and Ireland. The platform allows brokers to quote and bind within minutes, with documentation available instantly online or via email, the insurer says. Backed up by underwriters who are available to answer queries and with marketing support available…

Brad Gow named head of cyber products at Endurance Specialty

Brad Gow named head of cyber products at Endurance Specialty

Brad Gow named head of cyber products at Endurance Specialty

Bermuda-based Endurance Specialty Holdings Ltd has appointed Brad Gow to the new role of global cyber product leader within Endurance Insurance. Mr Gow, who joined Endurance in March 2011, will be responsible for providing overall underwriting direction for cyber offerings across the company’s global insurance business. In this new role, he will report to Jack Kuhn, CEO of global insurance…

THB industrial cyber risk package includes alternative firewall technology

THB industrial cyber risk package includes alternative firewall technology

THB industrial cyber risk package includes alternative firewall technology

A cyber security protection package for industrial businesses has been launched by a partnership comprising broker THB in conjunction with London market insurer CNA Hardy and cybersecurity specialist Waterfall Security Solutions. Traditional cybersecurity solutions, such as firewalls and intrusion detection solutions, are failing to provide sufficient protection for industrial control systems, according to the trio. Waterfall’s proprietary Unidirectional Security Gateway…

The words on everyone’s lips

The words on everyone’s lips

The words on everyone’s lips

Cyber risk/cyber security is the most-used word or phrase encountered by insurers in 2016 according to a report from AM Best. About one-third of insurers surveyed cited cyber as the most common buzzword, while ‘low/negative interest rates’ placed second (23.1% of responses) and ‘increasing regulation’ finished third with 10.6% of respondents citing the phrase. Those surveyed were also asked about…