Day: January 26, 2021

Beazley launches enhancement for reputational risk offering

spike 1 month ago

The policy now includes a subscription to Polecat Intelligence, a provider of reputational, economic, social, and governance (ESG), and risk intelligence. The platform uses online and social data to assess an organisation’s reputational and performance profile, and benchmarks its performance against competitors. The Polecat platform will be available 24/7 to policyholders through a web portal.

Beazley’s reputational risk product is designed for consumer-facing companies in a range of industries, including leisure, hospitality, technology, manufacturing, transportation, and healthcare. Subject to licensing, the policy is available to businesses globally.

“Rising public anger, intolerance and lower trust in authority are contributing to a

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Hong Kong’s ZA Bank enters insurance business

spike 1 month ago

ZA Bank, a Hong Kong-based virtual bank, has been granted an insurance agency licence by the Hong Kong Insurance Authority (IA).

With the new licence, it can act as an agent of ZA Insure, a digital-only insurer that is also under the same ZhongAn umbrella. This comes just 10 months after the bank’s official launch.

In the near future, ZA Bank will carry a suite of ZA Insure products, which users can access through the ZA Bank app. The app will also allow users to view and manage their insurance policies. According to ZA Bank and ZA Insure, they adhere

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Mastercard enhances contactless payments by applying quantum tech

spike 1 month ago

Mastercard says it will enhance contactless payments by applying the latest quantum-resistant technologies.

Mastercard says it has designed the Enhanced Contactless (Ecos) specifications to increase the security and convenience of contactless payments. By applying quantum-resistant technologies, it is able to protect consumer data using code-breaking quantum computers.

“Contactless is the present and future of in-person payments. 2020 brought with it a rapid acceleration of digitisation and reinforced the importance of digital solutions – like contactless – to help meet our everyday needs,” comments Ajay Bhalla, president of Cyber & Intelligence at Mastercard.

“As the ecosystem continues to evolve, more connected

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Lockton brings in M&A expert for transaction liability practice

spike 1 month ago

Lockton has announced the appointment of M&A expert Matt Heinz (pictured) as a partner in its transaction liability practice. Heinz will co-lead the practice with partners Josh Halpern, Eric Ziff, and Gaurav Sud, who joined the company last year as it sought to bolster its transaction liability capabilities.

“For the last decade, Matt Heinz’s name has been synonymous with transaction liability insurance for M&A professionals across the country,” said Ron Lockton, chairman of Lockton. “His addition to the leadership group of our practice signals to clients and prospects Lockton’s commitment to being the go-to advisor of the M&A insurance needs

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