Edgar Puls to take over from Christian Hinsch at HDI Global

Edgar Puls to take over from Christian Hinsch at HDI Global

Edgar Puls to take over from Christian Hinsch at HDI Global

Christian Hinsch will step down from his role as CEO of HDI Global, the industrial lines insurer of Talanx group, after its AGM on 9 May and will be replaced by Edgar Puls. Mr Puls is currently in charge of HDI Global’s property, engineering, marine, multi-risk and European division. Talanx said the move completes a “generational renewal” at board level.…

Building cyber resilience

Building cyber resilience

Building cyber resilience

Cyberspace has become a dangerous source of crime and disruption. Data breaches are increasing both in terms of size and frequency, and companies need to rethink their risk strategies, especially when it comes to cybersecurity and insurance protection. Businesses can no longer simply rely on existing traditional insurance coverages such as general liability or property, and should be looking at…

Bermuda added as EU tax haven, but government says listing is ‘temporary’

Bermuda added as EU tax haven, but government says listing is ‘temporary’

Bermuda added as EU tax haven, but government says listing is ‘temporary’

Bermuda has been added to a European Union list of “non-cooperative” jurisdictions, although the Bermuda Government insists that the listing will be temporary, and was due to a technical omission in its submission to the EU. The Council of the European Union adopted a revised EU list of non-cooperative jurisdictions for tax purposes. In addition to the five jurisdictions that…

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton to buy Pembroke and Ironshore Europe DAC

Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Dublin-based Ironshore Europe DAC (IEDAC). Hamilton is the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s. According to Hamilton: “The complementary profile of Pembroke and IEDAC’s business both accelerates the company’s goal of…

OECD tax proposals go beyond taxation of digital business models

OECD tax proposals go beyond taxation of digital business models

OECD tax proposals go beyond taxation of digital business models

The Organisation for Economic Co-operation and Development’s (OECD) efforts to address taxation challenges that result from digitalisation would lead to fundamental changes in the existing international tax system, according to Insurance Europe. It said the OECD’s initial proposals go far beyond the mere taxation of digital business models. Insurance Europe said it believes that any adaptations should focus on aggressive…

Cyber rated top risk facing multinationals in Africa

Cyber rated top risk facing multinationals in Africa

Cyber rated top risk facing multinationals in Africa

Cyber, together with political and trade credit risks, has topped a new multinational risk survey released by Chubb Insurance South Africa, in collaboration with Commercial Risk Africa. “Despite commodity market instability, Africa remains one of the fastest-growing regions in the world, with South African organisations focusing their growth strategies beyond borders. Yet these new growth strategies are creating complex new…

New head of global operations for Lloyd’s

New head of global operations for Lloyd’s

New head of global operations for Lloyd’s

Lloyd’s has appointed Hayley Spink as head of global operations. According to Lloyd’s, in her new role she will provide operational leadership for Lloyd’s’ internal and market-wide programmes, reporting to chief operating officer Shirine Khoury-Haq. Ms Spink joined Lloyd’s in 2007 and has served in a variety of operational leadership roles, where she has implemented and overseen Lloyd’s operations all…