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People Moves: Chubb’s Thanduparakkal to Hiscox, SCOR’s Prabis to Hiscox ILS; Tokio Marine HCC Int’l Hires 3 for Professional Risks

These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC International’s Professional Risks team. A summary of these new hires follows here. Hiscox, the specialist global insurer, has announced two …

Tropical Storm Elsa to Head into Northeast and New England After Drenching Southeast

Tropical Storm Elsa, which made landfall in Florida yesterday, is dousing the Carolinas and Georgia today and is on track to hit the northeast on Friday. The National Hurricane Center’s forecast calls for Elsa to move over South Carolina and …

SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been established by Founder and Chief Executive Officer Tim Usher-Jones in …

How Russian Military Uses ‘Brute Force’ to Hack U.S. Government, Companies

U.S. and British agencies disclosed last week details of “brute force” methods they say have been used by Russian intelligence to try to break into the cloud services of hundreds of government agencies, energy companies and other organizations. An advisory …

Trump Lawsuits Allege Social Media Firms Violate Free Speech Rights

Former U.S. President Donald Trump on Wednesday filed lawsuits against Twitter Inc,. Facebook Inc., and Alphabet Inc.’s Google, as well as their chief executives, alleging they unlawfully silence conservative viewpoints. The lawsuits, filed in U.S. District Court in Miami, allege …

UK’s Pool Re Launches Advisory Group to Develop Public-Private Solutions for Systemic Risks

Pool Re, Britain’s leading terrorism reinsurer, announced the launch of “Re:New,” an advisory group that will explore how to protect the UK economy from systemic risks. Re:New will unite experts from insurance, government, industry, academia and beyond to explore how …

German Consumer Group Files Lawsuit Against Daimler over Diesel Emissions Scandal

Germany’s largest consumer protection group filed a lawsuit on Wednesday against car maker Daimler that it said would make it easier for Mercedes owners to gain redress over a diesel emissions scandal. The lawsuit, filed by the VZBV at a …

Does It Ever Make Sense for Firms to Pay Ransomware Criminals?

The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance policies have long covered these ransom costs, and it is widely anticipated …

Michigan’s Top Court Eyeing Liability in Snowmobile Crashes

The Michigan Supreme Court is looking at a pair of cases that involve possible liability against the state in crashes involving snowmobiles. The issue is whether a snowmobile and a utility vehicle should be considered motor vehicles under a Michigan …

Hub Acquires Operating Subsidiaries of Trusted Capital Group in Texas

HUB International Ltd. has acquired the operating subsidiaries of TCG Group Holdings LLP, doing business as Trusted Capital Group. Terms of the transaction were not disclosed. John Pesce, CEO of TCG, Jeff Montgomery, president, Scott Hauptmann, chief operating officer, Chris …

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