Global Economy
Microsoft Will Work With MGU At-Bay to Enhance Its Cyber Insurance Cover
Microsoft, an investor with At-Bay since early 2020, will partner with the California-based MGU and InsurTech to help beef up its cyber insurance coverage. Microsoft said the initiative was part of a ...
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
Allianz Reportedly Explores Transferring Block of Swiss Life Insurance Assets as Probe Begins
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as ...
China Cracks Down on Cryptocurrencies, Banning All of Them
China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring ...
Fearing Evergrande Effects, China’s Lenders, Insurers Halt New Credit
As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent ...
Biden Administration Fights Ransomware Attacks by Targeting Cryptocurrency Pipelines
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals' cryptocurrency pipelines, and it urged companies to report extortion attempts and ...
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...
RIMS Wants Attendees at Future Events to Provide COVID-19 Vaccination Proof
The insurance industry trade group RIMS now requires anyone attending its events in the coming months to provide they're fully-vaccinated for COV-19. RIMS said the requirement is effective ...