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No cyber payout for BA IT failure

British Airways (BA) has no cyber insurance in place that would respond to losses stemming from its global IT failure last weekend, The Insurance Insider understands.

Catrin Shi, 30 May 2017
Lloyd’s mutuality should be kept under review: Nelson

Lloyd's mutual status is currently not in doubt but should be kept very closely under review in case circumstances change, outgoing Lloyd's chairman John Nelson has told The Insurance Insider

Mark Geoghegan, 30 May 2017
A thankless task

You need the hide of a rhinoceros to be the chairman of Lloyd's.

Mark Geoghegan, 30 May 2017
Sirius picks up second A&H agency with IMG deal

Sirius has acquired another accident and health (A&H) managing general underwriter – the second in as many months – marking a concerted push into the space by the carrier.

Dan Ascher, 27 May 2017
AmTrust shares rally after capital injection

Shares in AmTrust surged over 12 percent today as investors signalled their approval of a $300mn capital injection disclosed late yesterday.

Dan Ascher, 26 May 2017
AmTrust fee business sale an uphill struggle

AmTrust is likely to find it a challenge to divest a 51 percent stake in its fee business, according to banking sources

Adam McNestrie, 26 May 2017
UPC finalises $2.8bn reinsurance treaty

UPC Insurance has put in place in its biggest ever reinsurance programme ahead of the 2017 hurricane season, with $2.8bn of limit, including $1.9bn of private cover.

Fiona Robertson, 26 May 2017
Novae hunts for major legacy solution for reserves

Troubled London-listed insurer Novae is exploring a legacy transaction with parties including Berkshire Hathaway and Enstar that could allow it to hand off £450mn ($583mn) of net reserves, The Insurance Insider can reveal

Adam McNestrie, 26 May 2017
Neos secures backing from Aviva and Munich Re

The home insurance start-up Neos has secured a £5.0mn ($6.5mn) investment in a Series A funding round led by Aviva Ventures and that includes Munich Re, which is providing underwriting capacity

Bernard Goyder, 26 May 2017
Zurich streamlines North American structure

Zurich has brought its North American specialty products business together with its commercial insurance unit to fall under the control of Paul Horgan.

Dan Ascher, 26 May 2017

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