Markets
The Insurance Industry’s Diversity Quest: One Size Does Not Fit All
In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and ...
Executives On The Move at AXA XL and The Hartford
AXA XL appointed a new chief underwriting officer for its casualty business in the Asa-Pacific region and Europe. The Hartford named a new head of the Southeast Division for the its Middle and Large ...
Arch Capital Closes $700M Acquisition of Watford Holdings
Bermuda-based Arch Capital Group Ltd., along with investment partners Kelso & Company and Warburg Pincus, announced the completion of its previously disclosed acquisition of Watford Holdings Ltd. ...
Finance Envisioned to Help EU Achieve Climate Neutral Continent
Europe plans to funnel hundreds of billions of euros into sustainable investments each year through EU banks and markets to create the first "climate-neutral continent" by 2050. The European Union's ...
Ransomware Attack on U.S. IT Firm Slammed Up to 1,500 Businesses
Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the ...
EU Auditors Want Polluters to Have Insurance or Funds to Fix Environment
Taxpayers are too often being forced to pay to clean up environmental damage while the companies responsible dodge the costs, the European Court of Auditors said on Monday. The European Union's ...
Experts Warn Companies Struck by REvil Ransomware Attack Could Take Weeks to Recover
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden's Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, ...
Coronavirus Positive: Pandemic Led to Greater Societal Understanding of Systemic Risks
As horrible as the coronavirus pandemic has been, it has led to greater societal understanding of systemic risks, and that's a good thing, a Lloyd's of London executive asserted recently. "The ...