Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses May 19, 2017 By Suzanne Barlyn and Carolyn Cohn Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack May 15, 2017 By Carolyn Cohn and Suzanne Barlyn Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions...
Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit May 5, 2017 By Jamie McGeever Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves...
AIG Completes Sale of Japanese Life Unit to FWD Group May 2, 2017 American International Group announced it has successfully completed the sale of AIG Fuji Life Insurance Co. Ltd. (AFLI) to FWD...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...
Billionaire Investor John Paulson Planning AIG Board Exit April 17, 2017 By Sonali Basak Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares...
AIG Board Refuses CEO Hancock’s 2016 Cash Bonus after Poor Earnings April 17, 2017 By Suzanne Barlyn American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his...
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration April 10, 2017 Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The...
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology March 30, 2017 AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit March 30, 2017 By L.S. Howard Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation...