Cyber & Technology
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Charles Taylor launches specialty lines practice
Insurance services and claims firm Charles Taylor has launched a specialty lines practice, which will be led by Laetitia Fouquet…
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Structured insurance and ART provide answers to market complexity: Anra
Risk managers should consider using structured insurance and alternative risk transfer (ART) in order to address current market complexities, according…
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DAC Beachcroft report highlights need for interconnected risk solutions
If the challenges and threats facing the insurance industry are connected, so too are the solutions, according to a new…
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Beazley names Raf Sanchez global head of cyber services
Beazley has named Raf Sanchez as global head of cyber services, in a new role created to further boost the…
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Companies turning to captives and ART to plug gaps in emerging risk cover
Corporates are increasingly turning to captives to help solve problems in finding insurance cover for emerging and difficult risks, said…
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Cyber rates set to rise further and coverage restrictions increase
Cyber insurers are likely to continue reducing exposures and raising rates in response to ransomware losses, according to Fitch Ratings.…
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Cyber insurance costs spike 39% in Europe as firms report rise in malicious attacks
Cyber insurance rates increased 39% across continental Europe during Q1 2021, following a further rise in malicious cyberattacks against European…
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Buyers urge insurers to up game as trust erodes in hard market
Although the commercial insurance market needed a correction, little recognition of risk management efforts or differentiation between long-term buying partners…
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Resilience Cyber hires Bryant from Chubb to lead international expansion
Resilience Cyber Insurance Solutions, a US-based programme manager, has announced that former Chubb executive Kyle Bryant is joining as international…
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Generali ready to support corporates through recovery phase
Generali Global Business Lines is composed of two units: Generali Global Corporate & Commercial (GC&C) and Generali Employee Benefits (GEB),…
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Hannover Re expects further hardening at renewals next year
Insurance and reinsurance buyers of natural catastrophe, German industrial and cyber cover are all expected to see further price increases…
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Zaffino tells German risk managers tough cyber market here to stay
Peter Zaffino, CEO of AIG, is the latest insurance industry leader to clearly rule out any softening in the cyber…
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EU financial supervisors call for fast action on cyber resilience framework
European supervisors have warned financial services firms and their national regulators that rising cyber risk demands a “swift” EU-wide common…
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GVNW’s Mahnke renews call for state-backed solutions for systemic risks
Alexander Mahnke, chairman of the German risk and insurance managers’ association GVNW, has renewed calls for a public-private partnership (PPP)…
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France expanding cybersecurity force to combat rise in attacks
France is boosting its cybersecurity unit with the addition of almost 1,900 staff during the next few years. AFP reported…
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German Chamber of Commerce joins call for risk-based approach to flood risk
The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility…
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Lloyd’s rebounds to £1.43bn profit after underwriting ‘turnaround’
Lloyd’s has reported profit of £1.43bn for the first half of this year from a loss of £438m, after underwriting…
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GVNW members must brace for ‘challenging’ cyber and D&O renewals: Krause
The recent catastrophic losses suffered by German insurers will help to ensure that German corporate insurance managers will continue to…
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Networking in a hybrid world: how insurance is securing the future of events
The Covid pandemic has wrought havoc on the events industry during the past 18 months. According to UFI, the global…
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Shining a light on cryptocurrency risk
There are opportunities and obstacles in the fast-moving cryptocurrency market, according to Rishi Baviskar, cyber expert group leader at Allianz…