Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First February 17, 2023 CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and...
G20-Backed Standards Body Approves First Global Company Sustainability Rules February 17, 2023 By Huw Jones The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their...
Extreme Weather May Force New Zealand to Rethink Where It Builds: Finance Minister February 17, 2023 By Tracy Withers New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of...
Allianz Returns to Q4 Net Profit After U.S. Funds Debacle February 17, 2023 By Tom Sims and Alexander Hübner Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a...
Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data February 17, 2023 By Nick Carey A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose...
G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse February 16, 2023 By Huw Jones The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in...
People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team February 16, 2023 This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms February 16, 2023 Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and...