Global Economy
Cyber Attacks Increasing on Public-Sector and Nonprofit Targets
Government agencies, cities and counties, and even the Colonial Williamsburg website have faced cyber attacks in recent weeks, underscoring that potential targets go well beyond private businesses, ...
Lloyd’s Rolls Out Specialist Underwriting Platform in Dubai
Lloyd's has opened a new specialist underwriting platform in Dubai to provide tailored risk products across the Middle East. This brings the number of Lloyd's businesses trading in the Dubai ...
P/C M&A Worth More Now and Expanding in Scope: Deloitte and Assured Research
M&A activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that ...
For Insurers, China and Indonesia Offer Big Growth Opportunities: Aon Benfield
As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
UN: Global Natural Disasters Cost About $300B Annually
Global economic losses from natural disasters like earthquakes, floods, droughts and cyclones cost an average of $250-$300 billion annually, according to a recent U.N. report. The report, produced by ...
Willis Group Brings Custom Insurance Arm to North America, U.K.
Willis Group Holdings said it is taking its affinity or custom insurance business global, with expansion into markets including North America and the U.K. The global risk advisor, insurance and ...
Female Analyst Sues Goldman Sachs, Alleging Discrimination
Goldman Sachs Group Inc. was sued for sexual discrimination by a research analyst who said the bank and its managers deprived her of a promotion, pay and bonuses. Sonia Pereiro-Mendez, an executive ...