Cybersecurity Firm OutThink Raises $10M to Tackle Human Errors Behind Data Breaches October 20, 2022 By Juliette Portala London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on...
Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials October 20, 2022 By Faseeh Mangi The damage from this summer’s catastrophic flooding in Pakistan is now estimated at $40 billion, as much as 25% higher...
Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report October 20, 2022 Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects...
Australia’s No. 1 Health Insurer Confirms Massive Data Breach, Theft of Patient Details October 20, 2022 By Byron Kaye Australia’s biggest health insurer said on Thursday a criminal had apparently stolen customers’ medical information as part of a massive...
Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million October 19, 2022 Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...
Bank of England and City of London Square Off Over Financial Services’ Reforms October 19, 2022 By Huw Jones A plan to give the British government power to override watchogs would raise “serious concerns” about the ability of regulators...
Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report October 19, 2022 By Morwenna Coniam Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according...
People Moves: Lockton Re Taps CyberCube’s Brew for London Cyber Practice; Howden Hires Tysers Godfrey for Equine Division; Carpenter’s Delegated Authority Unit Hires 3 October 19, 2022 This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy...
Australian Insurer Medibank Says Hackers Claim to Have Stolen Customer Data October 19, 2022 Australia’s Medibank Private Ltd. said on Wednesday an unnamed hacker group had contacted it negotiate about customer data it claimed...