Specialty
China’s Buffett at Fosun Looks to Fund Acquisition Spree with Share Sales
A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt ...
Average Cost of Data Breach Increases to $3.8M: Study
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total ...
Beazley Launches New Risk Management Website
Specialty insurer Beazley on Friday announced the launch of a new risk management website, www.beazleybreachsolutions.com, that gives Beazley Breach Response (BBR) policyholders a wealth of tools and ...
U.S. Bird Flu Catastrophe Harms Egg Producers and Consumers Alike
Be it scrambled, poached or sunny side up, the cost of egg breakfasts may jump by billions of dollars during the U.S.'s worst outbreak of bird flu, Goldman Sachs Group Inc. said. U.S. consumers will ...
Swiss Re’s Emerging Risk Worries: Natural Catastrophes to the ‘Internet of Things’
Emerging risks with the highest potential impact in coming years may not be what you think. A new Swiss Re report identified four that top the list: Large natural catastrophes, de-globalization and ...
Hiscox Extends Crime Protection to Financial Institutions
Specialist insurer Hiscox has announced enhancements to its crime and fidelity platform with the addition of financial institution bond coverage. The new coverage protects financial services ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...