Markets
A New Hacking Threat Worsens: Fraudulent Instruction
A form of hacking is on the rise that insurers and their clients should be aware of: fraudulent instruction. The latest Beazley Breach Insights report outlines the escalating threat, where a hacker ...
Israeli Venture Capitalist Calls for Middle East Cyber Defense Alliance
Middle Eastern countries facing potential cyber attacks from Iran should form a Euro-Med alliance to protect their assets and people, said Erel Margalit, venture capitalist and former member of the ...
California Wildfire Insurance Claims Hit $12B Mark, a Record
Insurance claims from last year's deadly California wildfires have reached $11.8 billion, making it the most expensive series of wildfires in state history, an official said Wednesday. The staggering ...
Executives On The Move at CNA, Heritage Insurance and XL Catlin
CNA made two leadership appointments within its Technology and Operations arm. Heritage Insurance Holdings, Inc. appointed a new Chief Financial Officer, a move that will be transitioned in over a ...
Allianz Will Buy Sri Lanka’s Janashakthi General Insurance for $106.3M
Allianz announced it has inked a deal with Janashakthi Insurance PLC (JINS) to acquire its subsidiary Janashakthi General Insurance Ltd. (JGIL) for 106.3 million. The transaction will go through ...
Morgan Stanley Struck With New Lawsuit Alleging Persistent Racial Bias
Morgan Stanley has reneged on promises to stop discriminating against black employees, according to a lawsuit by a former broker who said he was fired after complaining about racial bias, including ...
CROs Will Become Key in Hacker Attack Battles, and Other Aon Cyber Predictions
As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more ...
W.R. Berkley CEO: Trump Tax Cuts Bring Domestic Carriers a ‘Double Plus’ Benefit
W.R. Berkley Corp. President and CEO Robert Berkley Jr. referred to the Trump tax cuts as a "double plus" that will benefit domestic insurers in a number of ways in the months ahead. "From our ...