Markel Insurance names Phil Jones as CIO for International Operations

Insurance, reinsurance and investment holding company Markel Insurance has announced the appointment of Phil Jones as International Chief Information Officer (CIO), effective immediately. In this role, Jones will lead technology strategy for Markel’s international operations. He will shape and deliver the company’s technology vision while ensuring the development of systems, data and digital capabilities are…

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BreachRx launches cyber incident response management warranty with $3m in coverage

BreachRx announces the launch of the BreachRx CIRM Warranty, the industry’s first cyber incident response management warranty, providing up to $3 million in executive and enterprise cyber incident liability protection from a global insurance company. BreachRx is the first platform to run cyber incident response as a managed, enterprise-wide business process. Contractually backed financial safeguards…

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Aon is seeing risk repriced in real time as Middle East conflict cuts across many insurance lines, say experts

As the conflict in the Middle East continues, leaders from global insurance and reinsurance brokerage group Aon share their observations and perspectives on many insurance businesses. Joe Peiser, CEO of Aon Venture Capital, emphasized that for many organizations, the most important risk is the disruption of supply chains, logistics routes and underwriting structures. On Day…

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Banyan Risk appoints John Berger, Bob Cox & Andrew Cook to Advisory Board

Banyan Risk Ltd (“Banyan Risk”), a Bermuda-based specialist managed general agent (MGA), has appointed three experienced insurance executives to its advisory board. New members include John Berger, Bob Cox and Andrew Cook, who have extensive experience in specialty insurance, reinsurance and global insurance operations, having held senior executive and board-level roles in some of the…

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IFC targets $50m guarantee support for African reinsurer ZEP-RE

The International Finance Corporation (IFC), a subsidiary of the World Bank, is arranging a guarantee line of up to US$50 million to cover ZEP-RE’s reinsurance credit risk. ZEP-RE is Africa’s leading reinsurer headquartered in Nairobi, Kenya. Founded in 1990, ZEP-RE provides “inclusive and innovative” re/insurance solutions across the continent to close protection gaps, manage risk…

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Aon adds Tank & Langley-Poole to Reinsurance Solutions Credit & Financial Risks team

Global insurance and reinsurance broking group Aon has announced the appointment of Uday Tank and Tom Langley-Poole as brokers in its Reinsurance Solutions Credit and Financial Risk team. Both Tank and Langley-Poole will report to Rupert Evans, international head of credit and financial risk reinsurance, and will work with clients and reinsurance markets globally. Based…

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Marine war risk market ‘operating as expected’ amid Middle East hostilities: IUA

Chris Jones, chief executive of the International Underwriting Association (IUA), said members will continue to insure clients across multiple business sectors affected by current hostilities involving Iran, adding that the maritime war risk market is functioning as expected given the heightened threat to shipping. Even before the current hostilities began, Jones said Iran and the…

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