Ransomware Hack Said to Be Cause of Marks & Spencer Outages
Article 0 Comments A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s...
Tagged: International & Reinsurance News
US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth
Article 0 Comments The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according...
People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland
Article 0 Comments Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European...
People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe
Article 0 Comments Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism,...
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers
Article 0 Comments The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according...
MS&AD Insurance Group Announces Merger of 2 Non-Life Subsidiaries
Article 0 Comments MS&AD Insurance Group Holdings Inc. announced it will merge two of its non-life insurance company subsidiaries – Mitsui Sumitomo Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd. This merger...
Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs
Article 0 Comments The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with...
People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair
Article 0 Comments People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Amy Barnes as...
Swiss Insurers Baloise, Helvetia Said to Explore Combination
Article 0 Comments Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter. The companies have...
People Moves: Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain
Article 0 Comments Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain Arch Insurance announced the appointments of Carmen Cobeta as head of Casualty, Spain, and Irene Fernandez Franic as senior casualty...