Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …
Specialist global insurer Hiscox has announced the appointment of Adam Szakmary as director of underwriting for Hiscox Insurance Company Bermuda, subject to immigration and regulatory approval. Szakmary replaces Damien Smith, who is returning to London after six years in Bermuda …
Specialist global insurer Hiscox announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. An experienced IT professional with a wealth of global, blue-chip experience, Penny brings expertise in leading all aspects of IT including …
Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial …
When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief …
Specialist insurer Hiscox has appointed Shree Khare as group head of Catastrophe Research. Khare will lead the research that directly informs Hiscox’s own view of risk and its underwriting strategies for catastrophe perils. In particular, while working across the Hiscox …
The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial centers. The European Securities and Markets Authority …
Specialist insurer Hiscox said it is addressing new exposures faced by the media and creative industries with the launch of two tailor-made professional indemnity products focused on those working within digital marketing and event organizations. The insurer has also further …
Once part of the London/Lloyd’s market culture, the days of liquid lunches have mostly disappeared with many companies requiring that their employees abstain during work hours. The Corporation of Lloyd’s, which oversees and supports the businesses operating in the Lloyd’s …
