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...
Tech Update: Xceedance Offers Cat Modeling Services to Reinsurers During Renewals October 13, 2023 Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst...
KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits October 13, 2023 By Huw Jones Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits...
Banks in EU Get World’s First ESG-Related Rewrite of Capital Rules October 13, 2023 By Frances Schwartzkopff In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect...
Baltic States Beef Up Infrastructure Defense After Suspected Pipeline Sabotage October 13, 2023 By Lars Paulsson, Milda Seputyte and Leo Laikola Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the...
Generali to Sell TUA Assicurazioni to Allianz in $295M Deal October 13, 2023 Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA...