The acquired company specializes in agricultural and crop insurance Insurance news Arthur J. Gallagher & Co. is further expanding its M&A portfolio with the inclusion of Shelton & Alderson Insurance Agency, Inc. The retail agency based in Virginia operates under the name FarmPLUS Insurance Services. He specializes in agricultural and crop insurance and serves clients…
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The product protects non-US board members and officers of US-based multinational companies Occupational hazards (Insurance News) Zurich American Insurance Company, part Zurich North America announced the addition of separate Side A directors and officers insurance for US-based multinational companies with non-US directors and officers. The new policy, named International Towers by Zurich Executive Universal Select,…
Check Point Software Technologies announced the launch of its Quantum Spark 1900 and 2000, the company’s latest generation of firewalls for small and medium-sized businesses (SMBs). These new security gateways have been designed to provide optimized network security, combining touchless provisioning, advanced cloud management, and automated threat management capabilities in a package designed for mid-sized…
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Mergers and acquisitions New US insurer Hadron Specialty Insurance has expanded into the UK with the acquisition of Folgate Insurance Company. Hadron, the hybrid insurance company that was revealed last November to provide underwriting capacity to select the administration of general underwriters who obtain specialty coverage, purchased Folgate for an undisclosed sum. Sam Gaynor, managing…
A company veteran steps into a new role Insurance news Chubb announced the appointment of Seth Gillston (pictured above) as Executive Vice President and Head of North American Industry Practice. In his new role, Gillston will lead strategy for the company’s industry-focused initiatives, which include coordinated underwriting, risk engineering, and industry-specific claims services. In addition…
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Better numbers published for the whole year Insurance news AXIS Capital suffered losses in the fourth quarter of 2023. This is how the insurance group performed in the quarter and year ending 31 December: Metric 4th quarter 2023 Q4 2022 FY 2023 FY 2022 Net available profit / (loss) attributable to common stockholders $ (150…
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Cloud security vendor Sysdig’s 2024 report outlines a trend where businesses prioritize speed and convenience over robust cloud security practices. The findings highlight the slow adoption of ‘shift-left’ principles, the widespread risk of identity management, and the cautious integration of artificial intelligence (AI) across enterprises. The seventh annual report uses real-world data derived from millions…
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Global security firm Gallagher has received System and Organization Controls (SOC2 Type 2) recertification following a thorough audit of its cloud services used for its integrated security solution, Command Centre. Recertification was confirmed on December 21, 2023. The SOC2 Type 2 Compliance Standard is a voluntary compliance standard maintained by the American Institute of Certified…
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Orange Cyberdefense, an established force in cyber security solutions, announces the expansion of its partnership with Qualys, Inc., a leading name in revolutionary cloud security solutions. A primary aspect of this development is the integration of Qualys’ cutting-edge capabilities, particularly their renowned Vulnerability Management, Detection, and Response (VMDR) capabilities, into Orange Cyberdefence’s managed Vulnerability Intelligence…
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In 2024, parents and guardians may need to be on high alert for cybersecurity issues facing their children, global cyber security experts at Kaspersky warn. Due to the widespread use of smartphones and tablets by children, new threats have been predicted, including an increase in age-inappropriate content generated by artificial intelligence (AI), and an escalation…
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