Accredited Insurance Holdings has announced the appointment of Barbara Bufkin and Patricia Roufca as Non-Executive Directors to its Group Board. Bufkin brings with her an extensive career that spans executive roles in reinsurance, specialty insurance, and wholesale distribution. Notable tenures
The Vienna Insurance Group has taken a significant step in the cybersecurity landscape by launching CyRiSo, a specialist cybersecurity firm. What sets CyRiSo apart is its dedicated focus on small and medium-sized enterprises (SMEs), offering them tailored solutions to combat cyber threats. Led by
B.P. Marsh & Partners, the specialist private equity investor, has solidified its confidence in Pantheon Specialty Limited by increasing its equity stake in the company. With a £12.5 million investment, B.P. Marsh has acquired an additional 5% stake, bringing its total shareholding to 37%. This
The latest Hiscox Cyber Readiness Report paints a concerning picture of the escalating cyber threats faced by organizations worldwide, revealing that two-thirds of businesses have experienced a marked increase in cyber incidents over the past year. These rising cyber attacks are not just technical
The recent negative outlook revision for France by Fitch Ratings does not affect the ratings of French insurers, aside from CNP Assurances SA, which now shares a negative outlook due to its integral role within La Banque Postale S.A. (LBP). Fitch maintains its assessment of Insurer Peer Score
MAPFRE RE, the reinsurance arm of the Madrid-based insurer MAPFRE, reported robust financial performance for the first nine months of 2024, marking a notable milestone for the company. Premiums reached nearly €6.3 billion, indicating a 3.5% increase over the previous year. This figure includes €4.8
ViVet, the UK-based Managing General Agent (MGA) and Lloyd’s Coverholder for Else Group, has announced the appointment of Alex Dalton as its new Managing Director. Dalton brings with him an impressive 15 years of extensive experience in the insurance industry, spanning international brokerage,
In the past year, from September 2023 to September 2024, the insurance sector has seen notable regulatory changes aimed at improving corporate governance, consumer protection, and international competitiveness. Stakeholders need to stay informed about these developments, which span updates from
The failure of several legislative bills in California, aimed at holding insurance companies accountable, has sparked a heated debate about the role of substantial campaign contributions from the insurance industry. This financial influence appears to shape legislative outcomes, often to the
The insurance industry is on the brink of a revolution, fueled by the integration of telematics technology. This innovative approach allows insurers to gather detailed data on driving behavior, vehicle usage, and conditions, fundamentally changing how policies are crafted and priced. The widespread
