Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys March 17, 2016 By Caroline Copley It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As...
Update: Munich Re Counters Negative Interest Rates by Boosting Cash Reserves March 17, 2016 German reinsurer Munich Re is boosting its cash reserves in the face of the punishing negative interest rates from the...
IronPro Enhances Cyber, Tech Products in Canada March 17, 2016 IronPro, Ironshore’s financial and professional lines unit, is introducing a suite of enhanced cyber and Technology E&O products customized for...
Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses March 16, 2016 Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by...
Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures March 16, 2016 By Arun Devnath A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according...
Marketform Exits International Med Mal, Transfers Business to Dale Underwriting March 16, 2016 Specialist Lloyd’s underwriter Marketform announced it has transferred its international medical malpractice insurance business to Dale Underwriting Partners, the Lloyd’s...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates March 16, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low...
Ping An Profit Rises 38% in 2015 on Investment Income, Jump in Life Business March 16, 2016 Ping An Insurance (Group) Co., China’s second-biggest insurer, said profit rose 38 percent last year as investment returns from stock...
Poland’s PZU Reviews Strategy: Plans to Slash Costs, Hike International Premiums March 16, 2016 By Marta Waldoch PZU SA plans to review its strategy to bolster earnings as last year’s profit collapsed to the lowest since its...
XL Catlin Restructures South Europe Insurance Operations; Managers Appointed March 16, 2016 XL Catlin’s insurance segment announced that it has restructured its Southern Europe operations to include France alongside Italy and Iberia....