International
CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage
It's not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer. Assignments for CFO appointments across Europe, the Middle East and ...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42 percent of economic losses were ...
InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance available to businesses that can't ...
Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme
Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme while interest rates ...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit ...
Russian Hackers Targeted U.S. Nuclear Scientists
A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer, according to Internet records reviewed by Reuters and five cybersecurity ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the ...