International
China Rules Target Perpetual Bonds Issued by Insurers
China's central bank and banking and insurance regulator issued draft rules on Friday on the issuance of perpetual bonds by country's insurance companies. The new rules aims to improve the capital ...
Insurers Pull Back on Cyber Cover as Ransomware Losses Mount
LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. ...
From Fire to Floods, Climate Change Challenges Canada’s Fragile Supply Chain
The massive rains that unleashed floods and mudslides in the Canadian province of British Columbia exposed the country's supply chain vulnerability as crucial railways and roads were severed from the ...
Former Lloyd’s CEO Beale Joins Willis Towers Watson Board as Part of Activist-Spurred Revamp
Willis Towers Watson PLC , which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday as it looks to turn around its business following a ...
State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...
As Insurance Demand Rises, Premiums Projected to Reach Record Levels: Swiss Re
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute's latest sigma study. The global insurance ...
Allianz Gains Full Control of China Life Insurance Venture With Regulator Approval
Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a ...
U.S., Israel Will Partner to Fight Ransomware Attacks
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop ...