Global Economy
U.S. Cyber Officials Doubt Govt. Can Detect Cyber Attack in Progress
A majority of senior federal cyber officials responding to a survey said they don't think the U.S. government can detect cyber attacks while they're under way. Cyber security officials from the ...
Few UK Financial Firms Tackling Cyber Risks in Cohesive Way: Report
Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a "real and present danger" to the financial system, according to ...
Aspen Designates New Insurance, Reinsurance CEOs as Vitale Discloses Retirement
Bermuda-based Aspen Insurance Holdings Ltd. is naming new leaders for its insurance and reinsurance segments after one executive retired and the other got a promotion. The executive changes come as ...
30% of Businesses Lack Cyber Insurance: HSB Survey
Half of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam ...
AIG General Counsel Russo to Retire; Was Key Player in Bailout Negotiations
Tom Russo, who helped American International Group Inc. negotiate the end of its U.S. bailout, is retiring from his post as general counsel. Russo, 72, will stay with the insurer until a replacement ...
Insurance, Reinsurance CEOs Join Global Push to Weave Insurance Concepts Into Disaster Planning
A group of insurance, reinsurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and ...
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
EU Departure Places London’s Status as Finance Hub at Risk: BoE Official
London has no "God given" right to remain a global banking center if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday. Some 250 foreign banks ...