Peak Re taps Karlheinz Render to boost Switzerland business

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Peak Reinsurance Company AG, has appointed Karlheinz Render (pictured) as senior vice president, Europe, effective August 01.

According to a statement from the European subsidiary of Hong Kong-based reinsurer Peak Re, it hired Render to develop its market position in Europe, namely in the property & casualty markets of the DACH region (Austria, Germany and Switzerland).

He succeeds Emmanuel Thommen, former senior vice president at Peak Re AG, who has announced his retirement. Render will report to Matteo Cussigh, CEO of Peak Re AG, and will be based in Zurich.

Render joins from Swiss Re, where he held various client

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North P&I Club moves to new offices in Singapore

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North P&I Club has moved to new offices in Singapore, which serves as its regional headquarters for Asia. From its previous address in Fuji Xerox Towers, the firm is now located in state-of-the-art facilities at Springleaf Tower, Anson Road.

According to the insurer, the move reaffirms its commitment to the existing membership and further growth of business in the region. It is a response to the continued growth of the company in Singapore, as well as the redevelopment of its previous offices.

James Moran, the company’s director (Singapore) now leads a team that has grown to 22 staff, with roles

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Public-private insurance schemes needed for systemic loss events – Zurich CEO

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These economic losses have resulted in countless lawsuits and a lot of negative energy (to put it lightly) being thrown at the re/insurance industry, with some claiming the industry has not done enough to cover financial losses related to the pandemic. However, the industry has held a united front against such accusations, stating that systemic events like global pandemics cannot be paid for by the private sector alone.

Read next: Zurich weighing up deals to sell books of business – report

“An event like a pandemic should be absorbed by society – public and private [sectors],” said Mario Greco (pictured),

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Microsoft warns of customer support tools compromise by hacking attack

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Microsoft has issued a warning that a cyber threat actor has managed to access one of its customer service agent’s computers, exposing customers’ subscription information for the hackers to use when launching further hacking attempts.

In a blog post last week, Microsoft said that the hacking group Nobelium has been conducting “password spray” and “brute-force” attacks to gain access to corporate networks. The tech giant added that Nobelium – a group believed to be Russian state-sponsored – was also responsible for previous major breaches it suffered, and for the hack that hit the IT firm SolarWinds earlier this year.

While

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