Specialty
ACORD Debuts Cyber Data Breach Cover Standard; Aon and Beazley Helped
ACORD, the global standards-setting body for insurers, has released what it bills as the industry's first standard for cyber data breach cover. Dubbed the ACORD Cyber Data Breach Standard, it was ...
Top Sovereign Funds Met in Paris to Map Out Climate-Friendly Strategy
Sovereign wealth funds managing more than $2 trillion are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said. President Emmanuel Macron, ...
May Trudges On With Brexit After Key Minister Abruptly Quits in Protest
British Prime Minister Theresa May pledged on Monday to pursue a newly agreed strategy to quit the European Union, in a challenge to those who may want to follow her former Brexit minister and quit ...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Trade Credit Insurance Gains a Fresh Look in Wake of Trump Tariffs
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array ...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...
UK Financial Firms Ordered to Prepare Readiness Plan for Possible Cyber Attacks
Many U.K. financial firms don't have a Plan B to fall back on if they're hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed ...
Rebranded Liberty Mutual Re Starts in U.S. Marine Market and Debuts in Italy
Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, has begun writing marine business in the U.S. for the first time and is opening for business in Italy. Scott ...