Global Economy
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
Brit Debuts First ILS Fund in Lloyd’s of London Market
Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd's risk. It is the first ILS fund in the Lloyd's of London ...
Severe Sydney Air Pollution Setting Off Fire Alarms
Bushfire smoke smothered Sydney on Tuesday, setting off fire alarms, suspending ferry services and triggering health warnings over choking air pollution. The Sydney Opera House and harbor bridge were ...
Insurers,Technology Top List for Germany’s Best-Performing Funds in 2020
Even in Europe's industrial heartland, the best investors are shunning manufacturing stocks and putting their money in local tech companies. DWS Concept Platow, this year's top-performing German ...
U.S. Charges Russian ‘Evil Corp’ With Fueling a Decade of Bank Hacks
The U.S. unveiled charges and sanctions against members of a hacking entity calling itself Evil Corp that authorities said was behind some of the worst computer hacking and bank fraud schemes of the ...
Lloyd’s Launches Space Insurance Policy, Eyeing Emerging Private Spaceflight Industry
Lloyd's has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new ...
Saudi Aramco Reportedly Pursuing Insurance Against War/Terror Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the ...
Wildfires Rage in Australia, Ravaging Sydney’s Air Quality
Sydney is world famous for its shimmering harbor and clear blue skies. Not this summer. As bushfires ravage the country's east coast, pollution is becoming a regular occurrence in Australia's biggest ...