Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines third-party (cyber liability) and first-party (cyber crime expense) coverage into one worldwide policy,” …
The Geneva Association, the international insurance think tank, has announced a make-over for its logo and thematic colors, which it said would provide “stronger recognition and a clearer identity for the Association going forward.” The Association’s changes are a statement …
The UK-based maritime intelligence provider, Dryad Maritime, has issued a report – Special Advisory, The West Africa Problem; Mission Not Impossible -, which focuses on the rapidly evolving nature of maritime crime in the Gulf of Guinea. “The report provides …
Willis Group Holdings announced the appointment of Les Collett to establish a Financial Solutions office in Hong Kong, effective from October 1, 2013. He joins Willis from Standard Bank in Hong Kong where he is currently Head of Loan Syndications …
A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums between brokers and insurers. In Best’s opinion this …
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from investment funds has flooded into insurance-linked structures in …
Europe’s 40 largest insurers spent as much as €4.9 billion ($6.5 billion) last year complying with new regulations, according to estimates by Deloitte LLP. The cost is equivalent to a one percentage point reduction in return on equity, a measure …
New Jersey auto insurance group Plymouth Rock Assurance released the results of a distracted driving study that found 61 percent of young drivers surveyed in New Jersey acknowledged having sent text messages while driving. The survey also found 73 percent …
A New Jersey court says a person who knowingly sends a text to a driver can share liability if the driver causes an accident. The ruling last week came in the case of a couple severely injured when their motorcycle …
Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — hired James Roser as chief information officer. He is based in Berkshire Hathaway Specialty Insurance’s main office in Boston. Roser was most recently IT …
