All News articles – Page 137
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NewsCNA Hardy hit by ‘sophisticated’ ransomware attack
Commercial insurance provider CNA Hardy was hit by a “sophisticated” ransomware attack on 21 March.
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NewsPrevisico and Zurich to plug flood risk for big corporate customers
Insurtech flood forecaster Previsico will be teaming up with insurer Zurich to strengthen a major corporate customer’s resilience against flood risk.
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NewsBought by Many makes US debut
Pet insurer, Bought by Many has made its debut in the US under the brand name, ManyPets, following on from its expansion on Sweden under the same name.
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NewsSCOR condemns a groundless move by the Covéa Group
SCOR points out that its board of directors unanimously decided not to proceed with this unsolicited proposal and that it approved all the decisions related to it.
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NewsRoyal Gazette: Burt hints Bermuda could plough a new constitutional furrow
Mr Burt told the global reinsurance and insurance industry site that he rejected the term “independence” because it “conveys something in people’s minds it is not”.
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NewsTokio Marine expects no material impact in 2021 from Greensill
Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of Greensill Capital’s collapse.
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NewsSuez Canal blocked by container ship
It has the potential to create more than $40 billion dollars of trade disruption, with implications for retail and automotive sectors among others
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NewsBCPs must explicitly address civil unrest
Civil unrest is now the main political risk exposure for companies, with COVID-19 likely to fuel further disturbances
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NewsOECD: Insurers need “skin in the game” on pandemics
Insurance sector needs to play more active role in future pandemic solutions, says OECD secretary-general Angel Gurría
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NewsBoards have “fragmented” approach to cyber risk - WEF
Boards have made gains in recent years by recognising cyber as an enterprise risk, but greater resilience is needed
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NewsFCA extends pricing remedy implementation until end of 2021
The regulator has confirmed the amended timetable to ensure firms can ‘plan their change programmes effectively’, however the CII believes ‘this may not be enough time for firms to get all practices in place’
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NewsNSW flood claims reach 11,700
SE Queensland floods also declared a catastrophe as large parts of the Hawkesbury-Nepean Valley remain inaccessible
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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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NewsIkea France on trial over spying claims
Former head of Ikea France’s risk management department, Jean-François Paris, is among those accused
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NewsKessler: Pandemic risk was ignored
Decisions-makers have “been making things up as they go along” and the “failings of public risk management are plain”, accuses SCOR CEO
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NewsArch Capital to acquire Westpac Lenders Mortgage Insurance
The Global Mortgage Group of Bermudian-based Arch has entered into a share purchase agreement with the Westpac Group to make the acquisition.
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NewsUAE’s Etihad Credit Insurance to prioritise saving jobs when extending trade finance
Etihad Credit Insurance will be issuing another 2,000 ‘revolving credit guarantees’ to UAE-based exporters this year, as part of its bid to revive business activity after the COVID-19 induced damage.
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NewsDubai’s DIFC records best performance in 2020, with fintech presence doubling
The Dubai International Financial Centre has just turned its best annual performance ever, with a 20 per cent increase in the number of licensed firms to total 2,919 companies.
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NewsR&Q increases interest in Tradesman
R&Q acquired its interest in Tradesman when it merged RRRe into Tradesman on 1 September 2020. Following completion of today’s agreement R&Q will own 40% of Tradesman with RRCP owning 60% of Tradesman and 100% of RRRe.
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NewsInsurer Chubb offers to acquire rival Hartford for $23.24 billion
Property and casualty insurer Chubb Ltd on Thursday offered to acquire smaller rival Hartford Financial Services Group Inc in a $23.24 billion cash-and-stock deal.
