Credit Suisse Plunged Into Chaos After Chairman Ousted for Breaching COVID Rules January 17, 2022 By Ambereen Choudhury and Patrick Winters The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID...
Generali’s Boardroom Battle Escalates With Resignation of No. 2 Investor January 14, 2022 By Stefano Bernabei, Gianluca Semeraro and Claudia Cristoferi A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in...
People Moves: Everest Re Promotes Klinger to Lead Int’l Reinsurance; HDI Global Hires Chubb’s Carberry as Head of U/W, Ireland; HSBC’s Rutherford to Aon’s UK FI Team January 14, 2022 This edition of International People Moves details appointments at Everest Re, HDI Global and Aon. A summary of these new...
Teenaged Cyber Prodigy Stumbles Onto Software Flaw Letting Him Hijack Teslas January 14, 2022 By Jordan Robertson and Monica Raymunt David Colombo, a 19-year-old cybersecurity researcher in Germany, came upon the biggest discovery of his young career by accident. He...
Container Shipping Giant Maersk Speeds Up Decarbonization Target by a Decade January 14, 2022 COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a...
LIC Could Begin Issuing Public Shares for India’s Biggest IPO by Mid-March: Sources January 14, 2022 By Aftab Ahmed and Nupur Anand Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month...
Canada’s Insured Catastrophe Losses Exceed C$2 Billion in 2021: CatIQ January 14, 2022 Canada’s total insured catastrophe losses were C$2.04 billion (US$1.63 billion) to date, landing the year in the top five loss...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report January 13, 2022 By L.S. Howard “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global...
Update: Credit Suisse Files 5 Insurance Claims Related to Greensill-Linked Funds January 13, 2022 By Brenna Hughes Neghaiwi ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked...
UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF January 13, 2022 KYND, the London-based provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment...