China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police investigation. The investigators found a member of China’s …
LONDON – The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said. The …
LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies warn. Insurers are key players in the shift to automated driving, …
FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding. The round was led by venture capital firm Draper Esprit. Existing investors Earlybird Digital East, …
GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its facilities, programs and services to Canadian brokers. Novacap, one of …
LONDON – TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London’s High Court over allegations they illegally harvested the private data of millions of European children. …
Johnson & Johnson said on Tuesday it will resume rolling out its COVID-19 vaccine in Europe after the region’s medical regulator said the benefits of the shot outweigh the risk of very rare, potentially lethal blood clots. Europe’s health regulator, …
THE HAGUE, Netherlands – ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said …
Price Forbes announced the launch of a digital general aviation facility that will quote and bind risks with a leading Lloyd’s syndicate within minutes. The development within Price Forbes’ proprietary EDGE platform will improve speed of service and placement for …
Howden, the London-based insurance broker, announced that it has appointed Felix Jenny to lead its new retail operation in Switzerland. Howden Switzerland will form an important part of Howden’s European business, delivering local market expertise to the group’s multinational client …
