Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber July 7, 2022 Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the...
Cybersecurity Firm Group-IB to Split Russian, International Businesses July 7, 2022 Cybersecurity outfit Group-IB will split its Russian and international business into two separate companies in a bid to maintain a...
Ryan Specialty Expands European Presence With Launch of Madrid Office July 7, 2022 Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s...
UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo July 7, 2022 By Katherine Griffiths, William Shaw and Harry Wilson City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms...
Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings July 6, 2022 Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from...
Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers July 6, 2022 By Olivia Fletcher Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked...
People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region July 6, 2022 This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected July 6, 2022 By Nicholas Comfort and Steven Arons Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern July 6, 2022 By Foo Yun Chee EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit...
Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency July 6, 2022 FRANKFURT – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in...