Pandamatics launches first cyber coverholder in Asia

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Pandamatics Underwriting has launched as the first pure cyber insurance coverholder in Asia, with the support of Lloyd’s of London syndicate Hiscox.

According to a statement by Pandamatics, it will provide cyber insurance coverage up to US$5 million (SG$6.73 million) across a range of industries. The policies will cover the full spectrum of cyber risks, from human error to cyber-attacks, financial losses, and reputational damage.

“While many insurers provide elements of cyber insurance coverage under other policy types and extensions, we understand that cyber security poses an existential risk to modern businesses that must be addressed directly, through comprehensive coverage

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Allianz Partners joins United Nations world tourism network

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Allianz Partners has become one of the first insurance companies to join the United Nations World Tourism Organisation’s (UNWTO) global network of Affiliate Members.

The UNWTO Affiliate Members network brings together key representatives from the private sector and destination management organisations, NGOs and the civil sector, and academia.

Allianz Partners has joined the network through its Spanish business unit to help UNWTO promote safe, responsible, and accessible tourism – with a special focus on travel and mobility protection solutions. It will work with over 500 Affiliate Members to contribute to the United Nations Sustainable Development Goals.

Ida Luka-Lognoné, the chief

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CNA hit with cyberattack | Insurance Business

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This was followed by a later statement.

“On March 21, 2021, CNA determined that it sustained a sophisticated cybersecurity attack. The attack caused a network disruption and impacted certain CNA systems, including corporate email,” the website now states.

“Upon learning of the incident, we immediately engaged a team of third-party forensic experts to investigate and determine the full scope of this incident, which is ongoing. We have alerted law enforcement and will be cooperating with them as they conduct their own investigation.

“Out of an abundance of caution, we have disconnected our systems from our network, which continue to function.

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Corant Global introduces leader for new reinsurance operation

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Corant Global Limited has announced the appointment of Kevin Stratton to lead its new reinsurance operation in Bermuda.

Stratton has more than 30 years of experience. He joins Corant from RFIB, where he served as managing director and led all specialty non-marine classes. He has also served as CEO of Park London, executive director and head of London accident, health and life at Aon, and executive director and global head of A&H at Willis Re.

“We are committed to bolstering Corant’s specialty capability and platform, and Kevin’s appointment is a prime example of our ability to attract the exceptional market

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