Collapsed Crypto Exchange FTX Flags Millions of Dollars of Unauthorized Transactions November 14, 2022 By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and...
Aon Buys Mexico’s ERN, Expanding Its LatAm Catastrophe Modeling Capabilities November 14, 2022 Aon plc, the global professional services firm, expands its catastrophe modeling and consultancy capabilities in Latin America with the acquisition...
UK Government Rushes to Outline Proposed Power to Overrule Financial Regulators November 14, 2022 By Katherine Griffiths The UK government is rushing to outline a proposed power to overrule the City of London’s financial regulators, as it...
3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products November 14, 2022 Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon,...
Half a Million UK Workers Drop Out of Workforce Citing Long-Term Illness, Mental Health Problems November 14, 2022 By Suban Abdulla The number of people who have dropped out of Britain’s job market since 2019 and who now cite a long-term...
Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank November 14, 2022 By Jamie Tarabay When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates...
Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea November 11, 2022 Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace November 10, 2022 Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and...
People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty November 10, 2022 This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re. A summary of these new...
By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup November 10, 2022 Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with...