International & Reinsurance News

Parents Urged Not to Lie About Installation of Telematics Boxes in Cars

Insure The Box, the London-based black box car insurance provider, has urged parents to think twice about lying to their children about having a telematics box installed in their cars. Insure The Box was responding to recent on-air radio “confessions” …

Generali Names AXA’s Granier as CEO of Generali France

Generali announced that Jean-Laurent Granier, 51, will join Generali Group as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017. Granier also will join the group management committee of Assicurazioni Generali. …

Gen Re Receives License to Open Reinsurance Branch in India

Gen Re has received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai ( known as R3 authorization). The branch structure will now allow Gen Re to deliver underwriting and risk management …

Source of Clean Energy? Wind Turbines Are Spilling Oil in Mexico

Wind turbines were planted along a strip of Mexico’s southern coast to make the country’s power industry cleaner. Now they’re spilling oil. In the town of Juchitan last month, a clean-up was under way around a generator owned by Electricite …

Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack

Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …

Global Cyber Attack Expected to Continue but Malware Spread Slows

Governments and companies around the world began to gain the upper hand against the first wave of an unrivaled global cyber attack, even as the assault was poised to continue claiming victims this week. More than 200,000 computers in at …

Global Cyber Attack Temporarily Disabled by Security Specialist

The cyber attack that spread rapidly around the globe was stifled when a security researcher disabled a key mechanism used by the worm to spread, but experts said the hackers were likely to return as many computers remain at risk. …

Ransomware Hack of UK Hospitals Part of Global Cyber 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 hospitals to turn away patients and breached systems at Spain’s Telefonica SA …

Allianz Q1 Profit Boosted by Strongest PIMCO Inflows in 4 Years

Pacific Investment Management Co., the bond manager owned by German insurer Allianz SE, saw its biggest third-party inflows in four years in the first quarter as clients flocked to Chief Investment Officer Dan Ivascyn’s PIMCO Income Fund. The firm, based …

VW Emissions Probe Results Not Published to Protect Firm from ‘Legal Risks’

Volkswagen’s board chairman has defended the decision not to publish results of the investigation it commissioned into its scandal over cars rigged to cheat on diesel emissions tests, saying it could expose the company to legal risks. Hans Dieter Poetsch …

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