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Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says
UnitedHealth has previously said that hackers potentially stole a...
Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned...
Marsh and Citi develop innovative cover, to help speed global delivery of COVAX vaccines
The policy is underwritten by six leading insurers: AXA XL, Chubb, Liberty Specialty Markets, Sovereign Risk Insurance, Swiss Re Corporate Solutions, and Tokio Marine HCC.
Stephen Kay, Political Risk Leader, Marsh said: “Striving for greater global vaccine equity by increasing vaccination rates worldwide will not only help countries recover faster from the impact of the pandemic, but may also reduce the risk of new variants that come from high levels of community transmission. This innovative structure will hasten that process by allowing Gavi to procure and distribute vaccines more speedily and with greater financial confidence.”
Ron Whyte joins Miller to lead broker’s expansion in Asia-Pacific
Whyte, who joins as Head of Strategic Development, will be based in Singapore and brings over 40 years of industry experience to Miller. His focus will be to drive Miller’s growth strategy in the Asia-Pacific region, bringing Miller’s exceptional capabilities and expanding its service proposition to clients and prospects. He will commence his role on 1 September 2021.
AXA XL adds pollution insurance underwriters in the US; promotes environmental claims leader
According to MaryAnn Susavidge, Chief Underwriting Officer for AXA XL’s Environmental insurance business, “The Environmental insurance market continues to show growth opportunities, largely driven by increased construction and M&A activities. Companies looking to minimize their potential environmental liabilities find that pollution insurance is an effective risk management option. “
Julie Stephenson to join Swiss Re as Global Head of Casualty
Julie Stephenson will join Swiss Re as Global Head of Casualty and member of the Reinsurance Management Team. She is joining from US commercial and property insurer CNA where she currently serves as a Senior Vice President and Chief Operating Officer, Middle Market.Stephenson joined CNA in 2015 as the Commercial CUO responsible for profitability, portfolio management and underwriting governance for all of CNA’s commercial property and casualty business
HDI Global launches new remote risk survey app: Virtual risk inspections for industrial customers
“The HRC Remote App allows the HRC risk engineers to remotely perform on-site surveys using the camera and audio features of a typical mobile device or data glasses used by the customer. By connecting via nw platform, the risk engineers can see what the customer see and guide them appropriately even when not physically there, while combining engineering expertise with Remote Support based on Augmented Reality – the computer-assisted extension of a physical reality.
China steps up tech scrutiny with rules over unfair competition, critical data
Specifically, the regulator stated, business operators should not use data or algorithms to hijack traffic or influence users’ choices. They may also not use technical means to illegally capture or use other business operators’ data.
Companies would also be barred from fabricating or spreading misleading information to damage the reputation of competitors and need to stop marketing practices like fake reviews and coupons or “red envelopes” – cash incentives – used to entice positive ratings.
Willis Towers Watson selects Carl Hess as President and Future CEO
“Following a thorough, multi-year succession planning process, including input from a third-party consultant to assess the experience and attributes of potential internal and external candidates, the Board is confident Carl is the right person to guide the company forward,” said Victor Ganzi, Chairman.
Guy Carpenter appoints new president in Asia Pacific
Haiti: flash floods and mudslides latest threats in earthquake-hit country
The natural disaster is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. (KCC).
While the insured losses from this event are estimated at $250 million, the KCC Caribbean Earthquake Reference Model shows that insurable losses are around $1.7 billion (which indicates an insurance protection gap of approximately $1.45 billion), said the firm
In addition to the dead and wounded, initial reports indicate more than 700 collapsed buildings, including hospitals and schools, more than 13,000 homes destroyed, and significant damage to roads.
World Bank launches new Cybersecurity Multi-Donor Trust Fund
“There is widespread agreement in the international community that significantly more cybersecurity capacity building is needed to help low- and middle-income countries become more resilient against attacks and take full advantage of the development opportunities of the digital economy,” said Felix Kroll of the Cyber Foreign Policy and Cyber Security Coordination Staff of the German Federal Foreign Office.