Hannover Re Renews Cloud Outage Catastrophe Bond, Structured by Parametrix March 27, 2025 Hannover Re has renewed a cyber catastrophe bond that provides $20 million worth of retrocessional protection against the accumulation of...
New Rules Needed to Deal With Risks From Cloud Computing: Bank of England October 11, 2021 By Huw Jones New rules will be needed to deal with operational risks from banks relying on outsourced “cloud” computing from Amazon, Google,...
Microsoft Warns Thousands of Cloud Customers of Exposed Databases: Reuters August 27, 2021 By Joseph Menn Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world’s largest companies, that intruders could...
U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System August 23, 2019 By Pete Schroeder Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR January 23, 2018 By Suzanne Barlyn A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion...
Society Must Prepare for Disruptive New Technologies, Warns Alibaba Chairman April 24, 2017 Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the...
Alibaba’s Finance Arm Plans $188 Million Investment in Cathay Insurance September 15, 2015 By Cindy Wang and Lulu Yilun Chen Alibaba Group Holding Ltd.’s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2...
Cloudsurance Launches Insurance Program For Cloud Consumers July 30, 2015 Cloudsurance has launched a cloud insurance program designed for modern cloud consumers. Cloudsurance is a cloud insurance program designed for...
JLT Australia Deploys NetSuite Cloud Solution to Run Entire Business Life Cycle July 15, 2015 Jardine Lloyd Thompson (JLT) Australia, a subsidiary of the London-based insurance, reinsurance and employee benefits firm, has deployed NetSuite OpenAir...
RMS Names Sharma Senior Vice President of Cloud Operations and IT June 25, 2015 RMS, the Newark, Calif.-based catastrophe risk management firm, announced it has named Sanjiv “Sunny” Sharma as senior vice president of...