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Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks
Apr 26 2024 // A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, “A Kaleidoscope of Possibilities:...
EU Should Revisit Bank and Insurer Capital Rules: French President Macron
Apr 26 2024 // French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic disadvantage. The...
Thames Water Debt Insurer Taps Advisers as Crisis Deepens
Apr 26 2024 // A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with bondholders and advisers to protect their interests ahead of potential debt talks, according to people familiar...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits
Apr 26 2024 // Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to...
Global Insurers’ Climate Alliance Relaunches After Member Exodus
Apr 25 2024 // A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of...
Viewpoint: Insurers Face Added Role in Curbing Workplace Violence With California Law
Apr 25 2024 // New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger...
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