News
Activist Investment Firm Targets Safety Insurance; Wants Share Buyback, Directors
Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial ...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Lloyd's of London is reviewing its real estate needs as the historic insurance market embraces flexible working. "As we adapt to new structures and flexible ways of working, we are continuing to ...
Credit Suisse in Chaos After Chairman Ousted for Breaching COVID Rules
The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID quarantine rules, throwing the Swiss financial giant into fresh turmoil as it ...
Executives on the Move at SCOR, Hamilton Re, ISC
SCOR has appointed Yves Cormier as head of Investor Relations, effective Jan. 17. He will be based in London and report to Ian Kelly, group chief financial officer. Cormier joins SCOR from ...
Allianz Risk Barometer: Cyber Perils Top Concern for Companies Globally in 2022
Growing cyber perils are worrying more companies globally in 2022 than the threat of supply chain disruptions, natural disasters or even the COVID-19 pandemic, according to the Allianz Risk Barometer ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
Executives on the Move at Chubb, Zurich NA and Obsidian
Chubb Limited announced that Drew Spitzer has been appointed treasurer of the company. He currently serves as chief financial officer for North America Insurance. Prior to that, he was CFO of ...
Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure
Thawing permafrost could put as much as 50 percent of Arctic infrastructure at high risk of damage by 2050, requiring tens of billions of dollars in maintenance and repairs, scientists warned. The ...