UK Fines Cathay Pacific $639,000 for Data-Security Lapses over 4-Year Period March 6, 2020 By Stephanie Bodoni Cathay Pacific Airways Ltd. was fined 500,000 pounds ($639,000) by the UK’s privacy watchdog for failing to protect customers’ data...
UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture March 6, 2020 British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint...
Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist March 5, 2020 Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks....
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans March 5, 2020 By Carolyn Cohn and Valentina Za Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the...
Brazil Reinsurer IRB Resseguros Replaces CEO, CFO on Governance Concerns March 5, 2020 By Paula Laier Brazilian reinsurer IRB Brasil Resseguros SA replaced its chief executive and chief financial officer after its shares plunged nearly 32%...
French Court Deals Blow to Uber by Giving Drivers Employee Status March 5, 2020 By Mathieu Rosemain and Dominique Vidalon France’s top court has recognized the right of an Uber driver to be considered an employee, a ruling that could...
Climate Change Heightens Risk of Fierce Australia Wildfires: Study March 5, 2020 By David Stringer Climate change is adding to the risk of fierce wildfires in Australia, according to a scientific study of this season’s...
Canada Government Must Move Quickly to Map Flood Risks, Insurers Warn March 5, 2020 By Steve Scherer Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come? March 4, 2020 By Bob Van Voris, Edvard Pettersson, Chris Dolmetsch and Hugo Miller The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day...
Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS March 4, 2020 The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS,...