Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re October 13, 2022 Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net October 13, 2022 Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to...
U.S. to Issue New Cybersecurity Requirements for Critical Aviation Systems October 13, 2022 By David Shepardson A U.S. transportation security agency said Wednesday it plans to issue new cybersecurity requirements for some key aviation systems after...
Hampden Rebrands Syndicate 2689 as Hampden Risk Partners, Changes Business Mix October 13, 2022 Hampden Group announced the rebranding of Verto, its follow-only syndicate, to Hampden Risk Partners. The rebrand better identifies the syndicate...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s October 13, 2022 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s...
People Moves: Aon Announces New Lineup for UK Commercial Risk Team; Zurich Appoints Seach as Group CUO, Succeeding Robinson October 13, 2022 This edition of International People Moves details appointments at Aon and Zurich Insurance. Aon Announces New Lineup for UK Commercial...
Australian Health Insurer Medibank Reports Cyber Incident October 13, 2022 Australian health insurer Medibank Private said on Thursday it will isolate and remove access to some customer-facing systems as it...
Alex Jones Must Pay $965 Million for Sandy Hook Lies October 13, 2022 Alex Jones must pay $965 million in damages to families and an FBI agent ravaged by the Infowars founder’s lie...
Universal Predicts $1B in Losses from Ian; HCI’s Wind Exposure Less than Irma’s October 13, 2022 By William Rabb The parent company of Universal Property & Casualty Co., the second-largest property insurer in Florida, projects its total losses from...
Chemical Plant Owner to Pay $187M for Maine River Pollution Cleanup October 13, 2022 By Patrick Whittle PORTLAND, Maine (AP) — The owner of a former chemical plant that dumped mercury into the Penobscot River must pay...