Global Economy
Marriott Data Breach Could Cost at Least $200 Million: AIR Worldwide
Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott ...
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...
EU Agrees to Sizable Carbon Emissions Reduction Goal for Cars
The European Union agreed on Monday to a goal of cutting carbon emissions from cars by 37.5 percent in a decade, finally settling differences between vehicle-producing countries and ...
Proposed Second Brexit Referendum Would Be a Breach of Trust: UK PM May
U.K. Prime Minister Theresa May will attack supporters of a second Brexit referendum on Monday as she explains to Parliament why European Union leaders rebuffed her attempt to make her divorce deal ...
Executives On The Move at Munich Re, Ascot and Zurich Insurance
Munich Re, U.S. hired a former Everest Re executive to lead a newly created commercial unit in North America. Ascot brought on two ex-Navigators executives to join its U.S. marine team. Zurich ...
Maher Leaves Markel to Join AXIS as Senior Cyber Underwriter
A veteran of Markel and Beazley is joining AXIS Insurance as a senior cyber underwriter. Andrew Maher will be based in London and report to Dan Trueman, global head of cyber and technology at AXIS. ...
The Latest Launches From The Hartford, Slice Labs and Allied World/Fairfax
The Hartford launched new coverage to help corporations and other entities with international exposures manage their credit and political risks. Slice Labs Inc. now offers its Insurance Cloud ...
The Latest Launches From Sompo International and Nationwide
Sompo International Holdings said it is boosting its cyber insurance capacity through the launch of a new U.S. team focused on the risk as well as a number of new products and services. Nationwide is ...