Subcontracted Workers Most at Risk from Accidents in S. Korea’s Shipyards October 30, 2019 By Hayoung Choi, Hyunjoo Jin and Ju-min Park Park Chol-hee was working the holiday shift at Samsung Heavy Industries’ Geoje shipyard on Labour Day, 2017, when a giant...
Facebook to Pay $644,000 Fine in U.K. over Cambridge Analytica Scandal October 30, 2019 Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains October 30, 2019 A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half...
Typhoon Hagibis Likely to Cause Earnings Event for Japan’s Insurers: Fitch October 29, 2019 Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings,...
Broker Aon to Move Jurisdiction of Incorporation to Ireland Due to Brexit October 29, 2019 Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it...
Ransomware Attacks Rise 37% in Q3, Targeting IT Vendors, Their Clients: Beazley October 29, 2019 Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT...
BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay October 29, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key...
Hong Kong Falls into Recession, Hit by 5 Months of Protests October 29, 2019 Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend,...
Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B October 29, 2019 By Heather Perlberg Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and...
Chubb Taps Poole from Tokio Marine as Head of Middle Market, UK & Ireland October 29, 2019 Chubb announced the appointment of Jonathan Poole as head of Middle Market for the UK and Ireland. In this role...