Risk Specialty
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February 27, 2024
LockBit relaunches after crime agencies infiltrate its systems
Major ransomware gang LockBit has staged a return just a week after it was taken down by a coalition of…
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February 27, 2024
Specialist marine MGA receives full FCA approval
Specialist marine MGA Amphitrite Underwriting London has received full authorisation from the UK Financial Conduct Authority (FCA). Amphitrite said that…
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February 26, 2024
More than half of UK exporters hit by Red Sea shipping disruption
More than half (55%) of UK exporters have been impacted by disruption to shipping in the Red Sea and face…
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February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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February 26, 2024
Buyers in US faced lower premium increases in Q4 2023
Premium increases in the US insurance market slowed across the board in the fourth quarter of 2023, according to The…
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February 26, 2024
US casualty insurance costs rising for multinationals
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios…
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February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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February 23, 2024
UK extends Russia sanctions to metal, diamond and more energy firms
The UK has extended sanctions to 50 new Russian businesses and individuals, including electronic companies, metal and diamond businesses, oil…
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February 23, 2024
UK crime agency hails destruction of world’s ‘most harmful’ cybercrime group
The UK’s National Crime Agency (NCA) has revealed details of an international campaign targeting LockBit, described as the world’s most…
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February 23, 2024
Customised coverage for asset managers from Mosaic
Bermuda-based specialty insurer Mosaic Insurance has launched a suite of global financial institutions products, offering $25m in investment management insurance…
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February 23, 2024
Munich Re Specialty reorganises US E&S property leadership
Munich Re Specialty Insurance Thursday named Joseph Bonanno and Vanessa Sullivan regional property underwriting managers for excess and surplus lines…
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February 22, 2024
Risk management frameworks key to mitigating AI risks, says Ferma webinar
Responsible AI policies and risk management frameworks will be critical to navigating the complex technical and compliance challenges of artificial…
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February 22, 2024
EU agrees carbon removals certification framework
The European Council and Parliament negotiators have reached a provisional political agreement on a regulation to establish the first EU-level…
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February 22, 2024
EU consults on strategic union-wide response to cyber threat
EU member states, with the support of the EC and the EU Agency for Cybersecurity (Enisa), have presented a report…
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February 22, 2024
Gallagher Specialty launches parametric insurance centre of excellence
A new parametric insurance centre of excellence has been created by London-based Gallagher Specialty. The move is in response to…
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February 22, 2024
Verisk Maplecroft highlights increasingly interconnected ecosystem of risk
The global risk landscape in 2024 “will remain locked in a process of sweeping realignment that is amplifying a complex…
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February 22, 2024
Insurers ready to support battery energy storage systems despite risks
Underwriters remain optimistic about the potential of the global battery energy storage systems (BESS) market provided key risks are managed,…
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February 22, 2024
MGA Coalition to offer premium credits for cyber control
Coalition is offering premium credits to customers that use its managed detection and response (MDR) cybersecurity tool. Businesses that use…
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February 21, 2024
Climate change hampering Asia Pacific sustainability goals
The impacts of climate change, including slow and sudden onset weather events, are reducing the ability of countries to meet…
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February 21, 2024
Beazley creates combined business with focus on cyber risk management
Beazley has turned its in-house cyber services team and wholly owned cybersecurity company Lodestone into a new single company, as…