International
Expect Up to $19B in Losses With a U.S. Cloud-Computing Failure
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd's of London ...
Looming EU Data Law Spurring Booming Demand for Privacy Experts
Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain ...
Most UK Lawmakers See Staying in EU Market as Honoring Brexit
A majority of U.K. lawmakers think that remaining in the European Union's single market is compatible with honoring the Brexit referendum result, according to a survey of members of parliament. The ...
Liberty Mutual Will Sell Life Biz to Lincoln Financial for $3.3B; P/C Operations Reorganized
Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will ...
UPDATED: AIG Will Acquire Validus for $5.6B, Fulfilling CEO Duperreault’s Early M&A Pledge
Brian Duperreault was clear after becoming American International Group's new leader in May 2017 that he'd be looking for acquisitions. He's now made good on this promise, with news that the insurer ...
JLT Specialty USA Chooses Chicago as U.S. Headquarters
JLT Specialty USA has chosen Chicago as its U.S. headquarters. The U.S. subsidiary of Jardine Lloyd Thompson Group plc announced the news on Jan. 18, along with Chicago Mayor Rahm Emanuel. JLT's US ...
RenaissanceRe Will Buy Minority Stake in Legacy Acquirer Catalina Holdings
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial ...
Global Elite’s Biggest Risk Worries: Cyber Attacks and War in the Age of Trump
The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of U.S. President Donald Trump have jumped to the top of the global elite's list of concerns, ...