Specialty
Cyber Attack Leads to Big Business Interruption, Earnings Issues for FedEx’s TNT Unit
FedEx Corp.'s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
Executives On The Move at Chubb, Tokio Millennium Re and PartnerRe
Chubb made a number of new executive appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division. A Lloyd's veteran will become Tokio ...
Any Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
The insurance and long-term savings sector is one of the UK's most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according ...
Apple Will Debut China Data Center to Comply With China’s Tougher Cyber-Security Laws
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. ...
Executives On The Move at Chubb, CNA and Hiscox USA
Chubb Group promoted from within for its new vice president of Global Underwriting. CNA appointed a veteran executive to a newly-created position focused on claim analytics, finance and operations ...
Chubb Makes Cyber Risk a Global Standalone Business; Focus Will Be on Next-Gen Needs
Chubb is making its Cyber Risk practice a standalone business and bringing in an executive from a D.C.-area management consulting firm to lead it. Bill Stewart is the new division president of ...
Insurance Could Slash Billions From Poor Nations’ Natural Disaster Bills
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain's international ...