Regulator Tells Australian Banks to Boost Cyber-Attack Defenses March 28, 2023 By Nabila Ahmed and Carmeli Argana Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent...
Indian Tycoon Piramal, TPG Inc. Weigh Selling Stakes in Shriram General: Sources March 28, 2023 By Baiju Kalesh Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people...
Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’ March 28, 2023 A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects...
Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar March 27, 2023 By Lucca de Paoli Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked...
Hackers Breached UK Pension Protection Fund, Stole Employee Data March 27, 2023 By Ryan Gallagher Hackers obtained data on some employees of the UK’s Pension Protection Fund after exploiting a third-party data transfer service, according...
People Moves: Acrisure Re Hires Ed Broking’s D’Arcy for Fac Team; MS Amlin Names Carpenter’s Turner to Lead Risk Analytics; Tysers Taps Primassure’s Moore for Energy March 27, 2023 This edition of International People Moves details appointments at Acrisure Re, MS Amlin and Tysers Broking. A summary of these...
HDI Global Specialty Launches Digital Platform for General Aviation in Canada March 27, 2023 HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers...
Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector March 27, 2023 Skyrisks Ltd. is set to launch as a managing general agent, partnering with capacity provider Convex Group Ltd., aiming to...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Ransomware Attack to Hit Revenue at India’s Top Drugmaker March 27, 2023 By Shwetha Sunil Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology...