Global Economy
U.S. Cyber Rates Rise as Insurers Try to Curb Ransomware Exposures
U.S. insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes ...
InsurTech CyberCube Calls on Carriers to Set Global Cybersecurity Standards
CyberCube, an InsurTech focused on cyber risk analytics, is calling on the insurance industry to set global cybersecurity standards as the world digitizes. "Internet-connected technologies is a prime ...
Executives On The Move at Hamilton Insurance Group, Everest Re and Willis Re
Hamilton Insurance Group appointed a head of Property Reinsurance for its new U.S. reinsurance platform. Everest Re hired Artur Klinger as Managing Director of its Continental Europe business, to ...
Insurers, France Lead Way on Scoring Investment Portfolios’ Impacts on Climate Change
Move over revenue growth and dividend payouts: it's time to take your portfolio's temperature. Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 ...
Liberty Mutual’s Irish Subsidiary Exits Three Lines of Business
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to ...
Japanese Firms Rely Largely on Insurance in Plans for Increasing Floods
Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing ...
Virtual Currency Firm Gemini Launches In-House Insurer to Boost Crypto Asset Cover
U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets. Gemini's new in-house insurer, ...
The Latest Launches From Sompo/Slice Labs and FRISS/Snapsheet
Sompo Holdings and Slice Labs are partnering on a product in Thailand. FRISS will be working with Snapsheet to provide technology designed to enhance the claims process. *** A division of Japanese ...