Rokstone expands Athena Cyber proposition with supply chain cover

Rokstone, the international specialty re/insurance MGA, has expanded its Athena Cyber proposition with a new extension designed to provide cover for supply chain disruption caused by cyber incidents involving an insured’s customers or suppliers. The new extension, supported by $10 million of A-rated Lloyd’s capacity, is intended to address losses that can arise when a…

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Aon’s NFP acquires Frontier Risk’s retail cannabis business

NFP, an Aon company and property and casualty (P&C) broker and benefits consultant, has announced the acquisition of the retail cannabis business of Frontier Risk Group, Inc. As a specialty insurance firm, Frontier Risk offers tailored solutions for the cannabis industry and regulated-products clients. The company integrates deep industry knowledge, insurance expertise, and risk management…

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Severe weather drives insured losses past $840m in Manitoba and Saskatchewan: CatIQ

Severe weather losses in Manitoba and Saskatchewan – neighbouring provinces located in Western and Central Canada – have climbed above $840 million, according to the latest estimate from Catastrophe Indices and Quantification Inc. (CatIQ). Between June 9 and 10, these two provinces experienced heavy storms that brought tornadoes, hail, damaging winds, torrential rain and flash…

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Why London Underground Always Feels So Warm

Temperatures on the London Underground reached almost 40C during the recent heatwave Temperatures on the London Underground reached almost 40C during the recent heatwave, making it the hottest June day on record. That’s 10 degrees above the government’s upper limit for the safe transport of cattle.  According to Bloomberg UK, the network of underground trains can be 5°C hotter…

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ACORD names John Kellington as CEO

ACORD, the global standards-setting body for the insurance industry, has announced the appointment of John Kellington as its new Chief Executive Officer (CEO). Kellington is an experienced insurance technology leader, with a career focused on the development, adoption and advancement of data standards. Kellington’s appointment marks his return to ACORD. He previously served as ACORD’s…

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