Cover-More Group has appointed Mr David Fike as CEO.
A majority (76%) of IT and cyber security leaders have invested in cyber defences to qualify for cyber insurance according to a new global survey by Sophos, the cyber security solutions company.
Without insurance, businesses "will be unable to reach their net-zero transition goals or become resilient in the face of the changing climate", according to a whitepaper by Howden and BCG, titled The bigger picture.
Mid-year renewals have further consolidated the positive trends at 1 January and 1 April 2024, setting the stage for a more competitive reinsurance market in 2025, said Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.
Cigna Healthcare, International Health has appointed Mr Neil Kirby as CEO of Global Individual Health (GIH). In his new role, he will spearhead GIH's global expansion.
With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation.
Lockton, the world's largest independent and privately held insurance brokerage, reported global revenue of $3.55bn for its fiscal year ended 30 April 2024 (FY2024), compared to $3.09bn in FY2023.
Canopius has appointed Mr Mark Houghton as global product leader, specialty, effective October 2024. It is a newly created role.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
The value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around $23.9bn in 2023, according to an analysis by Insuramore.