International
Crisis Service Costs Are Bulk of Cyber Claims Payouts: NetDiligence
New claims costs data reveals a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study ...
Insurers Face Major Exposure to Climate Change Risks: Bank of England Governor
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...
Lloyd’s Chairman Nelson Faults Businesses for Too Much Focus on Profit
Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, ...
The Hanover Promotes/Adds New Execs to Run International Chaucer Arm
The Hanover Insurance Group promoted or brought in three new executives to help run Chaucer Syndicates Ltd., its international member company that underwrites various business at Lloyd's of London. ...
PartnerRe Shareholder Vote on $6.9B EXOR Acquisition Scheduled for Nov. 19
PartnerRe's shareholders are scheduled to vote on EXOR's planned $6.9 billion acquisition of the Bermuda-based reinsurer on Nov. 19. PartnerRe disclosed the planned shareholder meeting in a proxy ...
CEO of Willis Great Britain Calls for More Industry Diversity
Willis Great Britain CEO Nicolas Aubert issued a call to the insurance/reinsurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic ...
Warren Buffett Reduces Holdings of Munich Re Shares
Berkshire Hathaway Inc. and National Indemnity Company stated their shareholdings in Munich Re have fallen below the threshold of 10 percent of voting rights — and now are at 9.7 percent. In an ...