Global Economy
British Airways Data Hack Exposes Airline to Fines Under New EU Data Rules
British Airways may become the first high-profile company to run afoul of Europe's far-reaching data privacy rules -- and face potentially hefty fines -- after a computer hack compromised credit card ...
XL Catlin Launches New Satellite Cover Addressing Launch and Deployment Risks
XL Catlin is expanding its space insurance offerings. The global insurer and reinsurer—soon to be acquired by France's AXA—disclosed it is launching space insurance coverage for satellite owners, ...
Japan Pushes to Restore Power After Quake Causes Record Blackout, Injuries, Business Interruption
Japan's northern island of Hokkaido began to restore power after a strong earthquake overnight knocked out electricity throughout the entire prefecture of more than 5 million people. The magnitude ...
Age Discrimination Hiring Practices Targeted by Upcoming Court Cases
Dale Kleber is an experienced attorney, but when he spotted an ad back in 2014 for a corporate law position at a medical device and services company that specified "no more than seven years of ...
Bermuda Insurers, Reinsurers Increasingly Doing Business in the European Union
For Bermuda's global insurance and reinsurance market, European policyholders and businesses are becoming increasingly beneficial partners, according to a new study from the Association of Bermuda ...
Executives On The Move at CNA, Arch Insurance and Guy Carpenter
CNA chose a former Accenture executive as its latest chief operations officer. Arch Insurance is bringing an ex-AIG executive to run its U.S. property arm. An executive at Willis Re is switching to ...
Germany Pushes Back Against UK Govt. Demands for Financial Firms’ Post-Brexit Access
The European Union won't rush to enhance market access for financial firms outside the bloc, a senior German official said, pushing back against key U.K. government demands in the Brexit ...
Specialist Broker Verlingue Boosts UK Presence With ICB Group Acquisition
Specialist corporate insurance broker Verlingue said it has acquired independent U.K. broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ...