Cyber Business Interruption Remains Area of Uncertainty for Insurance June 12, 2018 By Elizabeth Blosfield Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what...
Bank of Chile Hit by $10 Million Cyber Heist Using SWIFT Messaging System June 12, 2018 Shares in the Bank of Chile were down on Monday after it confirmed hackers had siphoned off $10 million of...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources June 12, 2018 By Sumeet Chatterjee and Anshuman Daga Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a...
Allianz Eyes M&A Targets Zurich, Hartford, QBE, Argo and More After Missing Out on XL June 12, 2018 By Dinesh Nair, Julie Edde and Ruth David A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE,...
Injury Lawyers Chasing Scooter Accidents, In Search of Insurers June 12, 2018 By Anousha Sakoui and Edvard Pettersson Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have...
XL Catlin Adds Cyber Solution to UK Casualty Insurance Offering June 12, 2018 XL Catlin’s insurance operations in the UK announced the extension of its casualty insurance offering to include a cyber solution....
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M) June 12, 2018 The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform June 12, 2018 Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to...
XL Catlin Updates Coverage for Environmental Contractors, Consultants June 12, 2018 The North American Environmental Unit of XL Catlin has updated its professional and pollution insurance coverages for contractors and environmental...
Texas Court: Policy Arbitration Clause not Valid in Dispute With Non-Signatory Party June 12, 2018 By Stephanie K. Jones The Texas Supreme Court in late May ruled that a party to an insurance contract that mandates arbitration of disputes...