CFC unveils new insurance solution for mid-size to multinational tech companies


Specialist insurance provider, CFC has announced the launch of a new comprehensive insurance solution which will provide coverage for technology and cyber risks faced by tech businesses with revenues exceeding $250 million. This new product, designed for mid-size to multinational tech companies, will cover costs associated with delays, mistakes, oversights and miscommunication along with other […]

S&P projects cyber insurance premiums to hit $23bn by 2026


S&P Global Ratings, a provider of credit ratings, research, and analytics, maintains a stable outlook on the global cyber insurance and reinsurance industry, supported by solid underwriting profitability in 2023 and 2024, with expectations for this trend to continue into 2025. The industry’s stability is further reinforced by substantial increases in cyber insurance rates and […]

Gallagher welcomes Neil Clutterbuck as Non-Exec Director


Neil Clutterbuck has been appointed as the Chair of Pen Underwriting and an Independent Non-Executive Director of Arthur J Gallagher Holdings (UK) Limited, subject to regulatory approval. Clutterbuck brings a wealth of experience to his new position, having spent nearly two decades at Allianz in various senior management and executive roles. With three decades in […]

QBE names Jamie Kelly Group Chief Compliance Officer


Australian insurer QBE has appointed Jamie Kelly as its Group Chief Compliance Officer, following Ed Rainsford’s recent transition to the role of Chief Risk Officer, AUSPAC. In the new role, Kelly reports to Fiona Larnach, the Group’s Chief Risk Officer. Kelly brings enterprise knowledge gained through most recently serving as the Interim Executive/Group Head of […]

Miller adds industry veteran Guy Pierpoint to its Marine team


Independent specialist re/insurance broker Miller, has appointed Guy Pierpoint to its Marine team in a leadership role which will see him focus on business development. Pierpoint joined the broker at the beginning of the month, bringing almost four decades of experience in Marine insurance across the London and international markets. At Miller, he reports to Jake […]

Direct Line rejects ‘highly opportunistic’ £3.28bn takeover bid from Aviva


Direct Line has unanimously rejected Aviva’s £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm’s standalone value, describing the offer as “highly opportunistic” and not in line with its long-term potential. In a recent announcement, Aviva confirmed that it made a 250-pence-per-share offer on the 19th of November, […]