Beazley announces cyber and breach response portal for brokers and clients

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Brokers will now have another resource at their fingertips to help clients battle against an evolving cyber risk landscape thanks to specialist insurer Beazley, which has launched a cyber and breach response portal aimed at international brokers placing non-US risks.

The portal contains a wealth of support intended to give Beazley’s broker partners and coverholders a leg up in the cyber arena by staying up-to-date on cyber risks. Once they’re signed up, brokers will have unfettered access to a library of information, including cyber basics, industry-specific issues, regulatory updates, product information, as well as breach and claim examples and risk

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What are the top risks facing businesses in the Asia-Pacific region?

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The top five risks identified as facing businesses operating in East Asia and the Pacific today are outlined below (as compared with the top risks identified last year):

Globally, WEF’s survey found that unemployment is the upmost concern among business executives. Infectious diseases is the second most recurring risk, appearing on the top 10 list in all regions except South Asia. Meanwhile, fiscal crises, which featured as last year’s top concern globally, registered at third place this year.

The top five risks across all regions are as follows:

“The employment disruptions caused by the pandemic, rising automation and the transition

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Markel consolidates global property CAT reinsurance business under Nephila

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Markel Corporation has announced the consolidation of all of its property catastrophe (CAT) reinsurance business under the Nephila brand.

This announcement means the end of Markel’s Global Reinsurance property CAT unit. Moving forward, Markel will have one centralized point of entry for serving the property CAT reinsurance market via Nephila.

“This move allows us to more fully leverage Nephila’s market leading competitive position while also generating necessary operational efficiencies,” said Markel Co-CEO Richie Whitt.

“We believe the companies that will win in the future will be those who most efficiently connect risk with capital, and this strategic shift will help

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SCOR Reinsurance APAC adds Hitesh Shah to board

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SCOR Reinsurance Asia-Pacific (SRAP) has appointed Hitesh Shah (pictured) as independent non-executive director.

According to a statement by SRAP, Shah will join current independent non-executive directors Eric Raynaud and Andre Chieng on the board, and he will chair the audit and risk committee. Shah is currently a council/board member at the Singapore Actuarial Society, managing director of consulting and advisory firm Shah Advisory, and director of Singapore education charity Akaraka.

Over the past 25 years, Shah has held managerial roles at AXA’s Asian businesses, consulted with clients across Asia while a partner at Deloitte, and led the marketing, product, and

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