Risk
Small, Medium-Sized Businesses See BI Coverage Gaps After Terrorist Attacks: Pool Re Report
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption ...
Equifax CEO Smith Retires After Massive Cyber Attack
Equifax said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. ...
Bank of England: 130 Financial Firms to Seek Post-Brexit UK Licenses
The Bank of England expects 130 financial firms from across Europe to apply for licenses to continue operating in Britain after Brexit, its Deputy Governor Sam Woods said on Tuesday. Woods, who ...
Hurricane Maria Misses Land in U.S. but Hampers Storm-Slammed Refineries
Hurricanes sometimes don't need to make landfall to cause problems for U.S. refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the ...
AXIS $611.5M Acquisition of Novae to Close by Mid-October
AXIS Capital Holdings Ltd. expects to complete its acquisition of Novae Group plc by mid-October. European Commission approval of the $611.5 million transaction is expected no later than Oct. 18, the ...
Hackers Hit Deloitte Internal Email Platform, Client Data
Following record results that flagged the growth of its cybersecurity business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an ...
FSOC Leaves SIFI Labels Unchanged
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems "systemically important." The ...
Russian Reinsurer Seeks Expansion into China, India, Middle East, Africa
Russian National Reinsurance Company (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. ...