News
Executives on the Move at Lloyd’s, Sandbox, Sure
Lloyd's of London has appointed Sara Gomez as chief people officer (CPO). She will focus on developing Lloyd's talent, leadership and inclusion strategy. She brings experience as a CPO from a career ...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Cyber claims from small and midsize businesses saw a "material uptick" in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its ...
Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion
Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray among the criminal underworld often behind such attacks and ...
Insured Losses From February’s Windstorms in Europe Could Reach $5B: RMS
Insured losses from February's windstorms Dudley and Eunice will likely fall between $3.4 and $5.1 billion (3.0 and 4.5 billion euro), with Germany accounting for around 40 percent of the total loss, ...
James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating
AM Best announced on Tuesday that the rating agency won't change the A- (Excellent) financial strength ratings for the operating subsidiaries of James River Group Holdings, Ltd., a day after the ...
EPA Power to Curb Carbon Emissions Questioned by Supreme Court
Conservative U.S. Supreme Court justices on Monday appeared skeptical of the federal government's authority to issue sweeping regulations to reduce carbon emissions from power plants in a case that ...
D&O Loss Ratios Unchanged by Rate Hikes: Supply Disruption to Fuel Suits
Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social ...
Executives on the Move at Cowbell Cyber, Munich Re
Cowbell Cyber, an AI-powered cyber insurance provider for small-to-medium enterprises (SMEs), has appointed Kara Owens as its first chief insurance officer. She will oversee reinsurance partnerships, ...