Businesses Face Fewer Cyber Events, But the Attacks Are More Costly September 24, 2020 By Meghan Hannes The stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector September 24, 2020 By Maiya Keidan and Carolyn Cohn Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations...
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap September 23, 2020 By Benjamin Robertson and Lucca de Paoli The Bank of England has encouraged the government to work with UK insurers in preparation for future major shocks, rather...
Citing U.S. Sanctions, Insurers Won’t Cover Ships For Russia, Turkey Pipelines Projects September 23, 2020 The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream...
Independent Brokers Will Remain Competitive by Adding Value to the Value Chain September 23, 2020 By L.S. Howard The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser,...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change September 23, 2020 By L.S. Howard Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed,...
Shopify Customer Data Likely Exposed by 2 Employees Attempting to Steal Records September 23, 2020 Shopify Inc. said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company’s e-commerce...
Confident Russia Vows to Shoulder Some of the Legal Liability of Its COVID-19 Vaccine September 23, 2020 By Polina Ivanova and Anthony Boadle Russia is so confident in its COVID-19 vaccine that it will shoulder some of the legal liability should anything go...
Toyota Insurance in Europe Joins Swiss Re’s Vehicle Risk Rating System September 23, 2020 Toyota is the newest partner in the Swiss Re platform that provides a risk score on vehicles so insurers can...
Arch Insurance Forms Single Managing Agency to Manage 4 Lloyd’s Operations September 23, 2020 Arch Insurance International has formed Arch Managing Agency Limited to mange its Lloyd’s units. Arch Managing Agency Limited, which brings...