Underwriters create exclusion clauses to address silent cyber risk

Clauses are relevant for aviation, marine and P&C lines


NAIC forum: technology, data science and Brexit

The NAIC's international meeting this month proved a lively affair. Beyond the regulatory dissection, participants had a lot to say on issues ranging from technology to Brexit. Sarfraz Thind reports


AIG narrowly approves $21m pay for CEO Duperreault

Advisory firms have been critical of AIG pay structure


UK insurers reveal priorities in Solvency II review

Pensions superfunds and cyber risk also highlighted among regulatory concerns


AIG appoints Rich Baich as chief information security officer

Baich will lead AIG’s global cybersecurity risk management programme


AIG posts over $600m Q4 loss

Rocky financial markets keep US giant in the red


#MeToo threatens loss creep for insurers

D&O liability insurers face complex and systemic losses, AM Best says


Silent cyber risk sparks rewording of insurance policies

AIG and Allianz are among the insurers to have undertaken a large-scale effort to exclude silent cyber risk from their portfolios. Paul Walsh looks into the process and discovers how policies have been reworded to safeguard insurers and satisfy their customers


Motor risk transferred in innovative ILS deal

US passenger auto portfolio securitised by Ledger Capital Markets, bought by AlphaCat Managers


IAIS outlines further details of systemic risk supervision plan

Proposed intervention powers criticised by industry as “broad and vague”