C-suite confidence in managing cyber risk has dropped & more…Keep up with what has been happening this week in our latest insurance news round-up…

Florida Gov. DeSantis signs property insurance legislation

Florida Gov. Ron DeSantis on Thursday signed into a law sweeping property insurance legislation that creates a $2 billion reinsurance fund and rewrites rules on coverage denials and attorney fees, in a move to stabilize rising costs and insurer losses.

Apollo claims European first for autonomous vehicle insurance

Apollo Group has provided a first of its kind insurance solution for Europe’s first zero-occupancy on-road autonomous vehicle journey, completed by autonomous vehicle software company, Oxbotica.

ARAG Group tops €2 billion GWP with 2021 FY results, reveals Q1 2022 figures

ARAG Group (ARAG) achieved significant growth for full year 2021 (FY 2021) despite the persistence of the COVID-19 pandemic, geopolitical issues, and other factors that resulted in hard market conditions.

C-suite confidence in managing cyber risk has dropped – Marsh

Executive leaders’ confidence in their ability to manage cyber risk has dropped following almost three years of digital disruption, according to Marsh’s The state of cyber resilience report, published today (26 May 2022) in partnership with Microsoft Corporation.

Aegon bows out of Spanish insurance joint venture

Aegon is to sell its 50% stake in its Spanish insurance joint venture with Liberbank to Unicaja Banco. The JV offers life risk, life savings and pensions products to Spanish retail customers through Liberbank’s banking channels.

AXA XL bolsters American program insurance business

AXA XL has announced the appointment of David Brooks to the new role of chief underwriting officer, programs and delegated arrangements for the Americas, effective June 1. The appointment supports AXA XL’s American program insurance business. Brooks will report to Donna Nadeau, AXA XL chief underwriting officer for the Americas.