With cyber threats on the rise, what do you think will be the biggest driver of industry losses across the next two years?

Recap the most important re/insurance industry news, featuring: Karen Clark & Company, CoreLogic, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), Aviva, James River Insurance Company, The Toa Reinsurance Company, Limited, Marsh McLennan, AM Best, BMS Group, Lockton, Acrisure, Everest, Aon and MAPFRE RE.

Earlier this week, Parametrix, a provider of cloud monitoring, modeling, and insurance services, successfully secured a $50 million parametric cloud outage coverage for a US retail chain.

P&C insurer Chubb has announced a number of new leadership appointments, including Ana Robic and Ben Rockwell as Senior Vice President, Chubb Group.

Managing general agent, XS Global, has established its presence in Dubai with the launch of its operating unit, XS Global (DIFC) Limited, led by Stephen Saunders.

Blackstone Credit & Insurance (BXCI), a division of the global investment firm Blackstone, recently announced the appointment of Tyler Dickson, the former Global Head of Investment Banking and Vice Chair of Banking & International at Citi, as its Global Head of Client Relations.

During yesterday’s S&P Global Ratings Insurance In Focus webinar, Ali K., Director and Lead Analyst, stated that if a large tail, 1-in-200 year catastrophe event were to occur, the global reinsurance sector is well-prepared and would be able to manage it effectively.

Ascot U.S, a P&C re/insurer part of Ascot Group, has partnered with Phinsys, a finance automation software provider for the re/insurance sector, to modernise its business technology landscape and enhance its financial and accounting operations.

Oka, The Carbon Insurance Company™, and Socotra, a provider of modern policy administration systems, have formed a strategic partnership aimed at the carbon markets and scaling climate solutions.

Markel Canada, a division of London-domiciled casualty insurer Markel International, a subsidiary of Markel Group, has officially launched Markel Play, which will serve as a comprehensive insurance product tailored for the sports, fitness, and recreation sectors.