Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars. U.S. District Judge Haywood S. Gilliam Jr. in Oakland, California, …
Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s modeling of what many refer to as “silent” cyber incidents. As part of the collaboration, the two firms will identify …
Commercial lines insurer CNA announced the appointment of Michael Costonis as chief operations officer. Costonis will lead all information technology, analytics and operations functions across the organization. He will be reporting to Dino E. Robusto, chairman and chief executive officer. …
Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue triples its size in the UK market. It helps to …
Aon plc has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions business to strengthen its suite of cyber products for insurers. As global head of Cyber for Aon’s Reinsurance Solutions business, Mulligan will be responsible for setting strategy, …
Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things (IoT) through the acquisition of the software company “relayr” via Munich Re’s subsidiary, Hartford Steam Boiler (HSB). Valued at US$300 …
Hurricanes in the Atlantic and Pacific oceans follow a see-saw pattern — when one region is down, the other is usually up. And with the Atlantic quiet this year, the Pacific is setting records. There’s been a parade of 14 …
Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly created post of global head of cyber risk. Barn, who will be based in London, joins from Munich Re and is an industry leader in …
French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed the most in almost a decade. Covea, a French mutual insurer …
Typhoon Jebi made landfall in western Japan on Tuesday, the strongest tropical cyclone to come ashore in Japan in 25 years, and has picked up speed as it bears down on one of Japan’s most densely populated areas. The storm …
