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Up to 1,500 firms in 17 countries hit by cyber attack on Kaseya

Russia-based Revil group is reported to be behind the ransomware attack on the US IT service provider.

Eileen AJ Connelly, 08 July 2021
Short Interest: InsurTech short interest falls, but still 11x legacy insurers

With the exception of InsurTechs, short interest movement was muted in the absence of material catalysts.

Insurance Insider US Research, 25 June 2021
ABI claims climate change roadmap could unleash £900bn of green investment

The insurance trade body has set out an ambitious climate change roadmap that would see members contribute one third of the total investment needed to help meet the UK’s net-zero target.

Luke Harrison, 07 July 2021
Convex FI specialist Pallett leaves for start-up Tegron

Tegron is one of several new entrants to the market, easing pressure on capacity in the D&O sector.

Samuel Casey, 07 July 2021
Hiscox hires Chubb’s Thanduparakkal as energy line underwriter

The appointment follows the departure of energy line underwriter Charles Rawlins last year.

Samuel Casey, 07 July 2021
Hiscox hires former Scor exec Prabis as managing principal of ILS

He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.

Alex Frampton, 07 July 2021
Elsa to hit Florida’s west coast after return to tropical storm status

It was upgraded to a category one hurricane by the National Hurricane Centre last night before being downgraded in a public advisory at 2am (EDT).

Alex Frampton, 07 July 2021
Marsh McLennan hit with data breach, ‘unauthorized actor’ accesses personal information

Broking giant Marsh McLennan suffered a data breach in April that lasted more than a week and involved the exposure of the personal information of current and former staff, among others, this publication understands.

Jairo Ibarra, 07 July 2021
Guy Carpenter launches climate change advisory service

The reinsurance broker will work in tandem with wider Marsh McLennan companies to provide an integrated service.

Samuel Casey, 07 July 2021
Lockton Re strengthens specialty division with Willis’ Layton

Expansive broker Lockton Re has been hiring staff from rival firms across the market.

Samuel Casey, 07 July 2021

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