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  • Pre-tax profits fell by 67 percent in the first half of 2014 at Lloyd's Names vehicle Helios, as increased expenses more than wiped out the positive impact of rising revenues.
  • High-end US sandwich retailer Jimmy Johns last week became the latest company to fall victim to a data breach, highlighting the growing risk of cyber crime.
  • Former UK cabinet minister Lord Reid has said the scope for consequential losses stemming from a catastrophic cyber-attack require a public-private partnership.
  • The cyber insurance market has seen a flurry of appointments this month as insurers and brokers seek to expand their capabilities in this area.
  • As carriers and intermediaries continue to pour resources into building their offerings in the fast-growing cyber insurance market, the industry needs to see a "transformational shift" in the understanding and treatment of the risk.
  • Allianz's fund management giant Pimco has announced that deputy chief investment officer Daniel Ivascyn will step up to replace Bill Gross following his dramatic resignation on Friday (26 September).
  • German insurer Allianz was forced to quash speculation that it would offload its fund management arm Pimco over the weekend, following the departure of its founder and chief investment officer (CIO) Bill Gross.
  • The departure of Pimco's founder and co-chief investment officer (CIO) Bill Gross is unlikely to cause a major shift in insurers' portfolio holdings, according to initial conversations The Insurance Insider has had with a number of carriers.
  • ANV group chief executive Matt Fairfield will take on the additional role of interim CEO of ANV Syndicates Limited (ASL) from 1 October, following the departure of current managing director Peter Haynes.
  • David Bruce, the co-founder and active underwriter of fledgling Lloyd's business Acappella, announced his resignation from the firm last week.