North Korea Hackers Stole $1.2B in Virtual Assets Over 5 Years: Spy Agency December 28, 2022 By Hyung-Jin Kim North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the...
Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap December 28, 2022 By Alexander Marrow and Vladimir Soldatkin President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Russian Airlines Explore Buying Stranded Jets From Western Leasing Firms December 27, 2022 By Gleb Stolyarov and Carolyn Cohn Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy...
Credit Agricole Strikes Long-Term Bancassurance Deal with Banco BPM December 27, 2022 By Andrea Mandala, Sudip Kar-Gupta and Pablo Mayo Cerqueiro Credit Agricole on Friday struck a long-term bancassurance partnership with Italy’s Banco BPM, strengthening ties with the country’s number three...
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters December 27, 2022 The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural...
People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland December 22, 2022 This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re. A summary of...
Howden Acquires Italian TV and Film Broker Assimovie December 22, 2022 Howden, the international insurance broker, announced it has agreed to acquire Assimovie, the leading TV, film and advertising insurance broker...
Chinese Electric Automaker Nio Hit by Ransomware Attack December 22, 2022 China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle...