Insurance Covid-Cast episode 15: Has there been a rise in cyber threats and scams during coronavirus lockdown?
In the latest episode of Post and Insurance Age’s video series we gathered together a group of cyber experts to discuss how hackers and scammers are using Covid-19 to prey on people’s thirst for knowledge and information at this time.
Beazley’s stock price rose 10.3% in the first hour of trading this morning after the insurer announced that it had successfully raised £247m through the issuing of new shares.
Beazley hopes to raise £247m through the placing and subscription of new shares representing 15% of the insurer’s existing issued share capital.
Business interruption, the British Insurance Awards shortlist and Q1 results kept us busy this week, but it was a move by biggest-broker-in-waiting Aon that grabbed the most attention.
Jefferies has revised the probability of Beazley raising equity up to 40%, citing feedback from investors that, were the insurer considering the option, it should come “now or never”.
Markel has posted a $1.4bn (£1.13bn) loss for the first quarter of 2020 blaming “significant volatility in the equity markets” due to the coronavirus pandemic.
Beazley has reported a $170m (£137.7m) impact from Covid-19 related claims while Chubb took $13m of pre-tax $13m losses in the first quarter of the year.
Insurers’ gender pay gaps narrowed marginally in 2019, with the difference between the median and mean pay of women and men shrinking by 0.94% and 1.46% respectively among a sample of top insurers collated by Post.
Digital Risks has hailed new lead investor BHL Holdings as a potential game changer in terms of the SME specialist insurtech realising its global ambitions.
Beazley hopes to slash its expense ratio in half as a result of the proposed widespread reform of the Lloyd’s market and internal investment in automating simpler classes of business.
Microsoft’s data breach, which saw details of a reported 250 million customers made available online, could leave insureds facing knock-on phishing attempts and the tech giant facing a fine.
Beazley has placed its UK regional marine book into run-off, citing pressure from low margins, following a strategic review.
When thinking about what the new decade might hold in store for the profession, it is vital to consider how insurance has evolved over the centuries and the role it played in shaping the world we live in, says Sian Fisher, CEO of the Chartered Insurance…
Arron Banks’ Somerset Bridge Insurance Services has appointed Christine Oldridge and Damian Arnold as non-executive directors.
Few disagree that the industry needs to innovate, but blue sky thinking is quickly clouded by conundrums around outsourcing, unwieldy legacy systems and the short-term need to turn a profit
When not working as e-trading underwriter at Beazley, Emily Owen is a semi-professional footWhen not working as e-trading underwriter at Beazley, Emily Owen plays football for Derby County Ladies football club.ball player.
Reserving has been reiterated as a key area of focus for the Prudential Regulation Authority, as the regulator suggested it could use its “formal powers” if insurance firms fail to meet standards.
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Beazley had appointed Rachel Turk as a head of corporate development, following the retirement of Mark Goodman.
Today’s terror attacks come in many forms – from homemade bombs to suicide bombers, knife and acid attacks to vehicles ramming pedestrians. Chris Parker, head of Beazley’s terrorism, political violence and kidnap & ransom underwriting team argues all are…
Newly appointed managing director for UK & Ireland Steven Wallace discusses expansion plans, consolidation within the market and Brexit
The political risk map of Europe is being changed by a toxic combination of uncertainty — both political and economic, populism, geopolitical changes, political violence and technological advances
Thursday seemed an appropriate day for insurtech Hippo to announce the outcome of its latest funding round – with temperatures reaching 38°C in places, the urge to emulate the mud-wallowing tendencies of its namesake animal became more and more tempting.
Beazley saw double-digital premium growth in the first six months of the year, posting a pre-tax profit of $166.4m (£133.9m) largely driven by “exceptional” investment returns.