MS Amlin Asia Pacific launches second special purpose reinsurance vehicle

Dixie

MS AAP’s SPRV Phoenix 1 Re has US$42 million of collateralized capacity, providing alternative capital investors access to MS Amlin’s strong, diverse regional portfolio that spans more than 10+ territories, excluding key peak perils, such as Japan and Australia. Around half of the capacity came from Asia-based investors or fund managers.

Meanwhile, Phoenix 2 Re has secured US$37.5 million of collateralised capacity through several Asia-based investors.

MS AAP worked in conjunction with the Monetary Authority of Singapore (MAS) to establish Phoenix 2 Re using an insurance-linked securities (ILS) catastrophe bond grant, alongside Hong Kong-based ILS specialist ILS Advisers, part of

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Willis Towers Watson appoints head of Indonesia business

Dixie

“Climate change, supply chains and digitalisation are significant trends shaping the world economy and insurance markets, and Indonesia is not spared from these effects,” Ware said. “As the country continues its recovery from the COVID-19 pandemic, we want to support companies in Indonesia to sustainably manage climate change impacts, the interconnected risks, digitalisation and transition

towards a low-carbon economy. We are excited to have Kames join us and use his extensive network and industry experience to help companies in this transformation and transition.”

Kames has more than 24 years of experience in the insurance industry. Prior to joining WTW, he

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Lloyd’s confirms rebrand of product innovation facility

Dixie

“To make sure we keep doing that, we have created the Launchpad to foster innovation and align more closely to the flourishing Lloyd’s Lab.”

According to the centuries-old insurance marketplace, potential ideas can now be directed to where they’re most relevant – be it the Lab, the Launchpad, or other areas such as the Lloyd’s Disaster Risk Facility.

The Launchpad continues the work of its predecessor facility, enabling the market to keep partnering with insurtechs and providing underwriters a space to experiment in a safe and controlled manner, all while balancing the need for appropriate oversight with the risk of

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Cyber security and payments – Do we have a code red

Dixie

Traditional approaches to cyber security in payments aren’t working – and the recent huge rise in hacks and fraud proves it. James Wood says it’s time for a radical shift in how we approach cyber security in payments.

At the moment, the payments industry is showing a disturbing lack of urgency about the rapid rise in cyber-attacks, especially those linked to financial fraud. Sure, hacktivism and in particular state-sponsored attacks grab all the headlines.

But a mid-2021 study from Hackmageddon shows only 13 percent of all cyber-attacks are linked to terrorism or political activity, with the huge majority of attacks

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