EU Judges Face Another Major Facebook Privacy Case from Activist Schrems July 9, 2019 By Stephanie Bodoni Five years ago, when activist Max Schrems took Facebook Inc. to the European Union’s top court no one knew what...
Pool Re Buys Non-Damage BI Retro Cover in Program Led by Liberty Specialty July 8, 2019 Pool Re, Britain’s terrorism reinsurer, announced the placement of its new retrocession program covering non-damage business interruption (NDBI) losses. The...
Brokerslink Bolsters Presence in Asia with Addition of 3 New Affiliates July 8, 2019 Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region....
British Airways Faces Record $230M Fine for Data Breach Under New GDPR Rules July 8, 2019 By Paul Sandle British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its...
European E-Scooter Startup Dott Raises $34M with Plans to Offer Insurance July 8, 2019 European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South...
India Weighs Easing Foreign Investment Rules in Sectors Such as Insurance July 8, 2019 By Aditya Kalra and Aftab Ahmed The Indian government on Friday [July 5] said it will consider further liberalizing foreign direct investment (FDI) rules in certain...
Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies July 8, 2019 Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused...
Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re July 8, 2019 Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018,...
The Mounting Cost of Piracy off Coast of West Africa: Opinion July 3, 2019 By Tobin Harshaw, Bloomberg Opinion Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars,...
Lloyd’s Sets Targets for Risks Placed Electronically for Remainder of 2019 July 3, 2019 Lloyd’s has confirmed the mandated targets for electronic placement of risks for the remainder of 2019. For Q3 2019 each...