Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

More than 59,000 personal data breaches have been reported across Europe since the introduction of the General Data Protection Regulation (GDPR), with the Netherlands, Germany and UK most affected, according to new analysis from DLA Piper. Despite this, only 91 GDPR fines have been imposed, but the law firm expects higher numbers in 2019. DLA Piper said the number and…

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Insurers are less trusted by consumers than banks and credit card companies to protect against cyber risk, according to a new survey from Europ Assistance conducted by LEXIS. In Europe, 62% of respondents trusted insurers in the fight against cybercrime, behind credit card providers at 65% and banks at 71%. Across all European countries surveyed – Italy, France, Spain, Switzerland,…

TT Club appoints senior underwriter in UK, Benelux and Nordics

TT Club appoints senior underwriter in UK, Benelux and Nordics

TT Club appoints senior underwriter in UK, Benelux and Nordics

Transport and logistics insurer TT Club has named Andrew Peers as senior underwriter for its UK, Benelux and Nordic team. Mr Peers joins from RSA, where he worked for 17 years and led the marine liability and marine property unit. He will report to TT Club’s EMEA regional director Mark Argentieri. In his new role, Mr Peers will head up…

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL, the property and casualty and specialty risk division of AXA, has announced what it describes as “an important step” in its integration of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin, in a move that will see 711 people lose their jobs in Europe. This represents about 7.5% of the total global workforce of 9,500…

Liberty moves into Italian casualty market for first time

Liberty moves into Italian casualty market for first time

Liberty moves into Italian casualty market for first time

Liberty Specialty Markets has entered the Italian casualty market for the first time, and recruited Paolo Pitton from Chubb to lead the venture. Antonio Sacchi, Liberty Specialty Markets’ general manager for Italy, said: “Since we launched in Italy in 2012, we’ve been steadily growing our presence, now reaching 35 people in our Milan office. We’re now adding a local underwriting…

Neon Italy appoints Generali’s Olivari as claims manager

Neon Italy appoints Generali’s Olivari as claims manager

Neon Italy appoints Generali’s Olivari as claims manager

Lloyd’s underwriter Neon has appointed Paolo Olivari as claims manager at its Italian operation. Reporting to Sergio Revello, CEO of Neon Italy, Mr Olivari joins from Generali, where he was senior claims manager. Mr Olivari will initially focus on hull claims. “The Italian market needs a new marine-focused player and the presence of an international insurer based directly in Italy…

Beazley extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

Beazley is rolling out its cyber and breach-response portal, previously available for US clients, to policyholders in the UK, France, Spain and Italy. Beazley’s client portal provides policyholders with risk management information and mitigation tools – including training materials, incident response planning and risk assessment options – to help firms prepare for a cyber incident or data breach. Clients can…

Swiss Re insured company operating collapsed Italian bridge

Swiss Re insured company operating collapsed Italian bridge

Swiss Re insured company operating collapsed Italian bridge

Swiss Re Corporate Solutions is one of the main insurers of Italian firm Autostrade per l’Italia, which operated the bridge that collapsed in Genoa last week, the reinsurer said in a statement. The firm declined to give any details on the insurance contract. “We are already working with and will continue supporting our client in managing the impact of this…

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