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London escapes major cyber loss from NotPetya attack

The London cyber market will once again see limited impact from an international ransomware attack after the NotPetya malware hit Europe and the US on Tuesday (27 June).

Catrin Shi, 29 June 2017
London Bridge terrorism claims hold-up resolved: Enoizi

The UK government has officially designated the London Bridge attack of 3 June as terrorism, allowing carriers to begin paying claims to the businesses affected, according to Pool Re CEO Julian Enoizi.

Laura Board, 29 June 2017
AGCS gains approval for South Korean branch

Allianz Global Corporate & Specialty (AGCS) has won regulatory approval to set up a branch in South Korea, as the commercial lines carrier eyes growth in the east Asian country

Bernard Goyder, 29 June 2017
Canadian reinsurers’ premiums fall in Q1: MSA

Canadian reinsurers' net written premiums declined by 10.4 percent in the first quarter of 2017, as retro costs climbed in the aftermath of the Fort McMurray wildfires last year, according to MSA Research.

Charlie Thomas, 29 June 2017
Jinzenji named Japan CEO at Munich Re

Brian Jinzenji has been appointed CEO and country representative for Japan at Munich Re, effective from 1 July.

Charlie Thomas, 29 June 2017
Korean Re defers start-up ambitions until 2019

Top 10 reinsurer Korean Re has extended its timeline on a Lloyd's start-up and does not now expect to have a fully-fledged syndicate operating until 2019, The Insurance Insider can reveal

Adam McNestrie, 29 June 2017
Argo Pro makes FI and A&E hires

Bermudian carrier Argo has hired Mary Henderson as its new head of financial institutions within its Jersey City-based Argo Pro unit.

Matthew Neill, 29 June 2017
IDA Ireland sees end to Brexit licence rules divergence

The international financial services head of Ireland's investment and development agency expects a reduction in "inconsistencies" between EU watchdogs assessing licence applications from Brexit migrants, after a central regulator issued guidelines

Laura Board, 29 June 2017
Reinsurers team up with World Bank on pandemic initiative

Munich Re and Swiss Re have joined forces with the World Bank, World Health Organization and financial sector peers to create a product to fight epidemics and pandemics in developing countries.

Charlie Thomas, 29 June 2017
Opinion: QBE Chile spin-off

A fresh sign came yesterday that the model of a truly global, all-country P&C insurer is somewhat out of fashion, when QBE spun off its Chilean operations to management

Adam McNestrie, 29 June 2017

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