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People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO

This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for Surety Insurance broker Willis Towers Watson announced …

Corporations That Fake Social Responsibility at Greater Risk of Cyber Attacks

Corporations that do not take their vows to address environmental, cultural, social and political issues seriously could be putting a target on their backs for hackers and placing their firms at greater risking of cyber attacks. Hackers are getting more …

UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead?

UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility in the coming months as insurers struggle with the implementation. The rules, which went into effect on Jan. 1, are …

France Data Privacy Watchdog Slaps €150M Fine on Google for Misusing ‘Cookies’

PARIS – France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was …

MS Amlin Launches 2nd Asia-Focused Special Purpose Reinsurance Vehicle for ILS

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s global specialty re/insurer, announced its Singapore-based operation has launched its second local special purpose reinsurance vehicle (SPRV). Called Phoenix 2 Re Pte. Ltd., this SPRV will provide a quota share to MS …

UK Broker Aston Lark Buys Phoenix Healthcare in 2nd UK Acquisition of 2022

Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Phoenix Healthcare (UK) as the latest addition to the group. Established in 1996 in Oadby, Leicester, Phoenix Healthcare is a leading independent UK broker and …

CFC Merges Medical Malpractice and Healthcare Teams to Build Critical Mass in London

CFC Underwriting, the managing general agent and emerging risk specialist, announced the creation of a single healthcare team in the London market, aiming to build “a healthcare powerhouse.” The move will see CFC’s UK and international experts in medical malpractice, …

Cryptocurrency Crime Hit Record $14 Billion in 2021: Research

Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to …

Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks

The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s Product Launchpad has been created to replace the Product Innovation Facility and enable the Lloyd’s market to keep partnering with …

People Moves: Coalition in California Adds Livingstone; LP Names Cooper to Commercial Insurance Team

San Francisco, California-based Coalition named Jennifer Livingstone head of strategic agency management. Livingstone has more than 25 years of leadership experience in broker management, business development, marketing, underwriting, operations, and sales management at both insurance carriers and insurtechs. Livingstone was …

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