Beazley News

Ransomware Attacks on the Rise Even as Cyber Insurers Scale Back

Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …

Claims People: Envista, Allianz, Florida Peninsula, Beazley and CaseGlide

Envista Forensics Hires New President Envista Forensics, a global provider of forensic consulting services for insurance claims, has appointed Christina Lucas as president. Lucas will replace Robert Wedoff, who has held the role of president since 2014. Wedoff is transitioning …

Claims People: Sedgwick, Lodestone Security and Global Risk Services

Sedgwick Appoints CEO and President Sedgwick, a Memphis-based national claims administrator, has promoted Mike Arbour as chief executive officer and Bob Peterson as president. Sedgwick said that Arbour is only the third CEO since Sedgwick was founded in 1969. He …

Claims People: Crawford & Co., Preferred Medical, Beazley and Parts Trader

New CEO, President Take Helm at Crawford & Co. Crawford & Company has appointed Rohit Verma as chief executive officer to replace Harsha V. Agadi, who stepped down as CEO and president , but will return to the company’s board …

Claims People: Beazley, Preferred Medical and AGCS

Beazley Promotes 2 in Claims Team Specialist insurer Beazley has promoted Steven Chang to global head of complex claims and Kati Bynon to global claims leader for health care. The two appointments follow Beth Diamond’s promotion to group head of …

Insurer Chubb Investigating a ‘Computer Security Incident’

Insurer Chubb Ltd on Thursday said it is investigating a computer security incident that may involve unauthorized access to data held by an outside service provider. Chubb has no evidence that the incident affected its network, a spokesman said. “Our …

Businesses Warned of Cryptocurrency ‘Sextortion’ Cyber Risk

A new form of online bribery by cyber criminals who attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses, according …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

Business News: Beazley, PURE, Stonetrust

Beazley Adds Embedded Workplace Violence Cover for its U.S. Insurer Clients Specialist insurer Beazley has added embedded workplace violence cover to the range of specialist products that U.S. insurers can access through its Beazley Product Solutions (BPS) team. By partnering …

Business News: Hartford InsurTech Hub, Aziel Corp., Good2Go, Beazley

Hartford InsurTech Hub Partners With Crawford & Company Hartford InsurTech Hub, powered by Startupbootcamp, announced a new partnership withCrawford & Company,a global independent provider of claims management solutions to insurance companies and self-insured entities. The partnership was formed through Crawford …