CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and receive specialist support from CFC’s global cyber …
PPL, the London market’s electronic placing platform, announced that marine business is now available to be bound on the PPL platform. The platform began trading stand-alone terrorism risks in July 2016, and now writes political violence, financial and professional lines, …
Pool Re announced it has increased its commercial reinsurance cover to £2 billion ($2.5 billion), compared with the £1.95 billion ($2.4 billion) of cover previously in place. The placement further distances the UK Treasury, and thus, ultimately, the UK taxpayer …
China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The plan being discussed would see the China Insurance Regulatory …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced group personal accident, corporate travel and expatriate medical insurance in Singapore and Hong Kong. The company also named Kok Leong Koo as underwriting manager, Accident & Health, based in Singapore, …
Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe’s biggest fund managers. Under the terms, which remain the same since talks were first revealed on …
Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to …
Uber Technologies Inc. lost a ruling over London transport rules that require language tests for drivers, which could keep 40,000 people from joining the industry over the next three years. Judge John Mitting ruled in favor of Transport for London …
Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report published by accounting and …
Australia said on Friday it will offer the world’s first university course to train intelligence analysts to fight cyber crime, prompted by innovative methods of money transfer among organized crime and militant groups. The measure expands on Prime Minister Malcolm …
