Specialty
Shockingly High Hacking Risks for U.S. Water, Power Cyber Networks
When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. ...
Britain Urges EU to Avoid Protectionism, Launch Financial Services Talks
Britain's finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism. Britain left the EU in ...
COVID Crisis Hurts Global Macro Resilience, Widens Insurance Protection Gap: Swiss Re
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. ...
For Insurers, Hedge Funds Prove to Be a Stable Investment Vehicle: A.M. Best
Hedge funds are proving to be steady investment vehicles for some insurers, particularly after financial market instabilities during the coronavirus pandemic, A.M. Best said in a new report. In fact, ...
Executives On The Move at Lockton Re and Guy Carpenter
Lockton Re hired an executive who will focus on Global Retrocession & Property Specialty, Bermuda and Market Capital. Guy Carpenter & Company appointed a new Head of UK & Ireland Motor ...
Reinsurance Broker Acrisure Re Partners With Kovrr on New London-Based Cyber Division
Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market ...
Virginia Farm Bureau Mutual Chooses Brown as New Leader
The Virginia Farm Bureau Mutual Insurance Companies and Countryway Insurance Co. has a new leader. Robert F. Brown was named executive vice president and general manager for both entities. Brown has ...
Executives On The Move at BHSI and Liberty Mutual
Berkshire Hathaway Specialty Insurance promoted an executive to be head of Executive & Professional lines in Canada. Liberty Specialty Markets, part of Liberty Mutual Insurance Group, appointed a ...