News
No Monday Morning Reprieve for Cyber Attack Victims
An unrivaled global cyber-attack is poised to continue claiming victims Monday as people return to work and turn on their desktop computers, even as hospitals and other facilities gained the upper ...
Driscoll Named President of Validus Holdings; Keeps Role as Validus Re CEO
Bermuda-based Validus Holdings Ltd. announced last week that Kean Driscoll has been named president of the group, effective immediately. Driscoll will continue to serve as chief executive officer of ...
AXIS Capital CFO Henry Retiring; COO Vogt Named Successor
Bermuda-based AXIS Capital Holdings Limited announced last week that Chief Financial Officer Joseph Henry will retire at the end of the year, to be succeeded by Peter Vogt. Vogt, who is currently ...
UK Hospitals Hit in Worldwide Ransomware Attack
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British ...
Experts Expect Simultaneous Cyber Attacks on Multiple Companies: AIG
Nine in 10 global cybersecurity and risk experts said they believed that cyber risk is systemic and that simultaneous attacks on multiple companies were likely in 2017, according to a study by ...
Berkshire’s biBERK Still ‘Very Small’ But Online Small Biz Customers Doubling
It has been decades since anyone thought of Warren Buffett's Berkshire Hathaway Inc., or even its insurance operations, as "very, very small." But that's how a senior executive describes biBERK, a ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
The Latest Launches From Everest Insurance and Tokio Marine HCC
Everest Insurance is teaming with a cybersecurity firm to launch insurance coverage meant to help make private equity policyholders saver from cyberattacks. A division of Tokio Marine HCC unveiled a ...