Keep up with the latest actuarial news in our weekly round-up…

Security professionals view cyber insurance as a ‘necessary evil’

Around a third of cyber security professionals believe that cyber insurance is a good thing. However, a recent social media poll also confirmed that many cyber security staff, view this type of insurance as a ‘necessary evil’.

Gallagher to buy reinsurance broker Capsicum Re

Arthur J. Gallagher & Co has agreed and signed head of terms for a deal that will see the global brokerage take 100% ownership of Capsicum Reinsurance Brokers LLP, a full-service international reinsurance broker.

CFOs reveal pressure to act on climate change

Around half of chief financial officers (CFOs) in Europe are feeling pressure from their customers and employees to take action on climate change, a new survey by Deloitte has found.

Reinsurance industry CEOs frustrated at pricing environment

Insurance and reinsurance industry Chief Executive Officers (CEOs) have expressed frustration at the reinsurance pricing environment and have highlighted a reliance on primary rate increases.

Swiss Re’s net income up but catastrophes hit underwriting result

Global reinsurance giant Swiss Re has reported group net income of $1.3 billion for the first nine months of the year, supported by growth in reinsurance.

Almost half of global reinsurance market restricts cover for coal sector

Nearly half of the global reinsurance market is now limiting services for the coal sector; after AXIS Capital yesterday became the second US insurer to announce restrictions.

Queen’s Speech confirms pension schemes bill for TPR and dashboards

A pension schemes bill is set to be laid in parliament in the coming weeks; after the government announced a wide-ranging suite of reforms in the Queen’s Speech this week.

Brexit may spur more deals in legacy general insurance policies

Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers; who buy up and manage policies closed to new customers.

Gallagher to buy reinsurance broker Capsicum Re & more...

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