Insurance
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Belgium’s Asco confirms ‘large-scale’ ransomware attack
Belgian aviation manufacturer Asco has confirmed a “large-scale” ransomware attack that has taken down all business activities and its communications.…
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New strategic direction for IAIS in 2020
The International Association of Insurance Supervisors (IAIS) has revealed that it is shortly to “embark on a new strategic direction”.…
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EIOPA calls for strengthening of insurance sector regulation
Regulation of the insurance sector should be strengthened, according to the European Insurance and Occupational Pensions Authority (EIOPA) in its…
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New board members for Geneva Association
The Geneva Association has elected four new board members, from Ping An Insurance Company of China, Prudential Financial, The People's…
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Cargo theft loss prevention must focus on insider threat: report
Theft from trucks continues to account for the highest proportion of cargo thefts worldwide and the threat from insiders –…
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Insurers may fight claims from Australia’s financial services scandal
The insurance industry could face large losses from the Australian Royal Commission’s probe into misselling in the country's financial services…
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BGC Insurance takes on aviation brokers with new launch
BGC Insurance Group, part of global brokerage BGC Partners, has launched a specialist global aviation and aerospace insurance and reinsurance…
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Hiscox rolls out cyberattack calculator
Specialist insurer Hiscox has developed an online calculator to quantify businesses’ exposure to cyberattack and boost mitigation. The Cyber Exposure…
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Insurance costs to rise as two more tankers hit in Gulf of Oman
Two further torpedo attacks on oil tankers in the Gulf of Oman that left one vessel ablaze and both adrift…
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Risk managers looking for cross-class innovation from insurers
Risk managers are looking to insurers for innovative products at an enterprise level, but still face an industry often stuck…
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Cyber premiums in US growing but at a lower pace, says Aon report
Cyber premiums for US insurers have more than doubled in the last four years, from $993m in 2015 to more…
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AGCS announces new global leadership roles for aviation and marine
Allianz Global Corporate & Specialty SE (AGCS) has appointed Tom Fadden as AGCS global head of aviation, with immediate effect.…
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The curious contradiction of M&A risk transfer
Mary Duffy, global head of M&A insurance at AIG, explains why it pays for risk managers to be front and…
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Chamber of Commerce advises Indian government to raise insurance foreign ownership cap
The Federation of Indian Chambers of Commerce and Industry (FICCI) has advised the Indian government to raise the ceiling on…
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Fitch says motor deregulation in China will hamper insurer profits
Fitch Ratings expects deregulation in commercial motor insurance premium rates in China to hamper the ability of insurers to improve…
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Cost of cover will continue to rise at Lloyd’s: S&P
Risk managers that use the Lloyd’s market for specialty coverage can expect continued pressure from insurers to raise prices throughout…
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Singapore and UK join forces in fight against cybercrime
The Monetary Authority of Singapore (MAS), the Bank of England and the UK Financial Conduct Authority (FCA) have announced that…
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Buyers welcome Lloyd’s strategy but execution in doubt
Lloyd’s ambitious modernisation plans have been broadly welcomed by buyers and market participants alike. However, some question the market’s ability…
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Insurers say US-led market hardening is accelerating
Corporate risk and insurance managers must steel themselves because the commercial insurance market is hardening across multiple lines and geographies,…
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Time to prepare for a sustained hard market
It seems that the corporate insurance market is finally turning. If they have not already done so, risk and insurance…