German firms are particularly vulnerable to cyber attacks, according to the Hiscox Cyber Readiness report 2021.
Volatility in the commercial insurance market has prompted more entities to consider captives.
The fourth quarter of 2020 saw the largest quarterly rise in global commercial insurance prices since the launch of Marsh’s Global Insurance Market Index in 2012.
Airmic, the UK-based association of risk management professionals, has called for insurers and brokers to rethink the way they interact with their customers.
Mars has increased the use of its captive in recent years, backed by reinsurance, to “maintain cash internally for as long as we can,” according to Christopher de Wolfe, the global director of risk management at Mars.
Marsh has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland.
Airmic and Aon have jointly published a new guide for risk and insurance professionals highlighting the key elements to be considered when working on mergers and acquisitions (M&A).
Airmic has signed a memorandum of understanding with ASIS International, The BCI (Business Continuity Institute) and the Institute of Workplace and Facilities Management (IWFM) to form the Resilience Alliance.
Marsh formed a record 76 new captive insurance companies between January and July 2020, an increase of over 200 percent compared to the same period in 2019.
Middle market organisations have been especially hard hit by online social engineering attacks during the pandemic, according to Beazley, the specialist insurer.