People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance July 12, 2023 This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows...
UK Polluters to Face Unlimited Fines to Protect Environment July 12, 2023 Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and...
Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks July 12, 2023 Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold...
Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack July 12, 2023 By Steven Arons Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised...
Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert July 12, 2023 By James Pearson Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake...
Swiss Re Nominates New Permanent Chairman to Succeed Ermotti July 12, 2023 The insurer Swiss Re said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources July 12, 2023 By David French and Pablo Mayo Cerqueiro One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure...
FDA Classifies Recall of J&J’s Electrosurgical Tools as Most Serious July 12, 2023 The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson...
Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death July 12, 2023 By Jonathan Stempel A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl...
Water Damage Exclusions, on the Rise, May Frustrate Insureds but Are OK, Court Says July 12, 2023 By William Rabb A federal appeals court has affirmed a lower court ruling that a Scottsdale Insurance commercial policy for a community center...