Risk
HSBC Slammed By Turkey Cyber Attack; 2.7M Customers’ Bank Data Lost
HSBC Holdings Plc's Turkish unit said it lost 2.7 million customers' bank data in a cyber-attack, after a similar security breach at JPMorgan Chase & Co. The hack resulted in the theft of data on ...
Report: China’s Anbang Insurance Mulling a $2B IPO
Anbang Insurance Group Co., the Chinese insurer buying New York's Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter ...
Hiscox to Offer Cyber Deception Coverage
Hiscox has announced that it will offer a new cyber deception coverage as part of its executive risks suite of insurance coverages. Cyber deception occurs when criminals intentionally mislead company ...
Survey: Cyber Attacks + Terrorism Top Reinsurance Worries
Cyber attacks and terrorism may be shaping up as the big emerging risks reinsurers face in 2015. About 40 percent of industry respondents to a recent Guy Carpenter & Co. survey said cyber attacks ...
CEOs Traveling to Asia Targeted by ‘Darkhotel’ Cyber Spies
Business executives traveling in Asia and elsewhere have become victims of malware called Darkhotel, a bug that targets guests of high-end hotels through their networks, a computer-security firm ...
Marsh Announces Senior Executive Appointments
Insurance broker Marsh on Monday announced two executive appointments, naming Michael Cormier head of Portfolio Development and hiring Michael Poulos as head of Client Advisory Services. Cormier most ...
Liberty Mutual Discloses Major Q3 Gains
Liberty Mutual Holding Company concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help ...
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...