Artificial Intelligence Startup Helps Insurers Spot Cognitive Decline in Older Drivers October 17, 2023 By Saritha Rai Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22...
New FERMA President Plans to Amplify Voice of European Risk Managers at EU Level October 17, 2023 Charlotte Hedemark became president of the Federation of European Risk Management Associations (FERMA) on Oct. 16 at an official handover...
UK Commercial Property Defaults Rise as Rate Hikes Hit Borrowers October 17, 2023 By Jack Sidders The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in...
People Moves: WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer; QBE Europe Promotes Keller as Head of Liability October 16, 2023 This edition of International People Moves details appointments at WTW and QBE Europe. A summary of these new hires follows...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding October 16, 2023 Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated...
Israeli Cyber Professionals Band Together to Fight Hacktivist Activity Amid Gaza War October 16, 2023 By Christopher Bing, Raphael Satter and James Pearson As Israeli children listened to their teacher over Zoom, the image of a gun-toting man in fatigues appeared on the...
Deadly Indonesian Cough Syrup Was Almost Pure Toxin, Prosecutors Say in Court Filing October 16, 2023 By Stanley Widianto An Indonesian drugmaker whose cough syrup is among products linked to the deaths of more than 200 children last year...
UK Watchdog Fines Equifax $13.4M for Role in ‘One of Largest’ Cyber Breaches October 16, 2023 Britain’s financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd. 11 million pounds ($13.4 million) for...
Catastrophe Bond Market Defies Global Selloff With Record Returns October 16, 2023 By Gautam Naik As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one...
Buffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets October 13, 2023 By Aya Wagatsuma and Akemi Terukina Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and...