Risk
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...
Insurance Included in Singapore’s Plans to Create 4,000 Finance Sector Jobs
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. ...
Executives On The Move at Ironshore and The Hartford
Ironshore appointed three executives to underwrite Specialty Casualty risk in U.S. and London markets. The Hartford named a new chief medical officer. *** Iron-Excess, the excess underwriting unit of ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...
Insurers Increasingly Anxious About Managing Risks: Wolters Kluwer Survey
Insurers appear to be increasingly anxious about their ability to manage risk across their lines of business, and much more concerned about regulation, according to Wolters Kluwer's new Regulatory ...
Big Oil’s $1B Climate Change Fund Chooses First Three Investments
A $1 billion fund created by top energy companies to curb climate change announced its first three investments on Friday and said two new members could be poised join the scheme. The Oil and Gas ...
Chubb CEO Greenberg: Q3 Catastrophe Hits ‘Within Our Tolerance for Risk’
Chubb, like many insurers and reinsurers, took significant catastrophe loss-hits from the hurricanes and earthquakes that struck in August and September. But the insurer kept overall net losses to ...
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...