Global Economy
Russian Insurer Sanctioned by Biden Administration Over Nord Stream 2 Involvement
The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is leaving in place a waiver that spared the company overseeing ...
Tokio Marine’s Singapore Subsidiary Struck by Cyber Attack
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary ...
Executives On The Move at AXIS Insurance and Africa Specialty Risks
AXIS Insurance made three new appointments within its U.S. Excess and Surplus Property team, including a former Chubb executive. Africa Specialty Risks, the pan-African focused reinsurance group, ...
T-Mobile Discloses Data Breach Affecting 40 Million People
T-Mobile US Inc said on Wednesday an investigation into a data breach revealed that personal data, including social security numbers and driver's license information, of more than 40 million former ...
Switzerland Lays Out Climate Risk Disclosure Timeline, Joining an Elite Group
The Swiss government on Wednesday joined a small number of rich countries that have set a timeline for major companies to disclose the risks they face from climate change. Global powers have been ...
Former Chubb Exec Kocsondy Joins Beazley in Cyber Leadership Role
A veteran Chubb executive is joining specialist insurer Beazley as its new Head of U.S. Cyber & Tech. Patricia Kocsondy was previously senior vice president, errors & omissions (E&O) and ...
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...