Zurich unit announces partnership, names global head & more…Keep up with what has been happening this week in our latest insurance news round-up…

Moody’s RMS launches industry steering group for cyber market

Moody’s RMS has introduced a cyber industry steering group to foster industry-wide efforts in response to the expanding global cyber insurance market.

“In a changing climate, the role of insurance will have to be much bigger”

Nicola Ranger, Leader, Resilience and International Development Program at the Environmental Change Institute; and Executive Director for Oxford Martin Systemic Resilience Program, and Sibylle Steimen, Managing Director Advisory & Services at Allianz Re, make a case for putting more focus on climate resilience. In their view, the public discussion needs to center more on investing in adaptation measures to reduce the physical risk of climate change. While the (re)insurance industry was among those who raised warnings about the effects of a changing climate early on, both argue that there is even more the insurance industry can contribute to boost resilience against climate risks.

Ogier launches new risk transfer mechanism tool for disaster relief

Ogier has launched a new ‘risk transfer mechanism’ in collaboration with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection.

RSA Insurance appoints new Commercial Lines CUO

RSA Insurance has announced the appointment of Dr. Graeme Smith as its Commercial Lines Chief Underwriting Officer, effective from 18th September 2023.

Zurich unit announces partnership, names global head

Collaboration part of commitment to help customers address climate change challenges