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Insurance

Man Charged With Killing Mom at Sea Seeks Grand Jury Transcripts

By Hometown Insurance | February 1, 2023
The man charged with killing his mother at sea during a 2016 fishing trip off the coast of New England is asking for minutes from the grand jury proceeding that led to his indictment, seeking to learn what was disclosed …
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Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce

By Hometown Insurance | February 1, 2023
Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security researcher at cybersecurity provider Kaspersky, on this episode of …
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People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s

By Hometown Insurance | February 1, 2023
Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe The Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51) will be succeeded by Chief …
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Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups

By Hometown Insurance | February 1, 2023
Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security said. “The risk level is being raised on the back of …
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Everest Insurance Continues Global Expansion, Launching Branch in Spain

By Hometown Insurance | February 1, 2023
Everest Insurance, the insurance division of Everest Re Group Ltd., announced its expansion into the Spanish market following regulatory approval from the relevant authorities to operate in Spain — trading as Everest Insurance (Ireland) DAC, Sucursal en España. The Spain …
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Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges

By Hometown Insurance | February 1, 2023
The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company. Gregoire Tournant claims in a Monday …
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Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap

By Hometown Insurance | February 1, 2023
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to market sources and Eikon data. The Group of Seven nations (G7), Australia and …
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Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid

By Hometown Insurance | February 1, 2023
Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023. The insurance exchange told staff Tuesday that those earning less than £75,000 would receive the one-time contribution, according to …
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Denial-of-Service Attacks Rise, Raising Concerns for Banks

By Hometown Insurance | February 1, 2023
Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to a new report. The volume of DDoS attacks targeting financial firms increased 22% year-over-year as of November, according to a …
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People Moves: Batt Is Trium Cyber Head of Product; Tyng New Lead of HDI U.S. Captive Solutions; SiriusPoint Names Sigle Head of Claims; HUB Hires Chief HRO

By Hometown Insurance | February 1, 2023
Lloyd’s Trium Cyber Appoints Batt as Head of Product Trium Cyber, the first entity approved by Lloyd’s to launch a monoline cyber syndicate, has appointed Jeffrey Batt as head of product. As head of product, Batt will focus on underwriting …
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