International & Reinsurance News

Hackers Target Canada Miners, Casinos, Demanding Bitcoin Ransoms: FireEye

The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber security company FireEye Inc said in a report on Friday. FireEye said it believes that a single hacker or hacking …

Arch Re’s Canada Branch Names Aon Benfield’s Dagneau as CEO

Arch Reinsurance Co. announced that François Dagneau will be appointed to the position of chief executive officer of the Arch Reinsurance Co. Canada Branch in June. Dagneau will replace Patrick McGuiness, who is retiring from Arch. Dagneau joins Arch Reinsurance …

‘Complicated’ Brexit Talks Begin with Questions Over What Britain Wants

Almost a year since Britons voted to leave the European Union, Brexit talks finally began on Monday amid confusion over what exactly the U.K. government wants from the divorce. What U.K. Brexit Secretary David Davis describes as the “most complicated …

Facebook Opens Up About How It Is Removing Terrorist Content

Facebook Inc. on Thursday offered new insight into its efforts to remove terrorism content, a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting. Facebook has ramped up use of artificial intelligence …

Tragic London Fire Raises Questions About ‘Stay Put’ High-Rise Safety Rule

A catastrophic blaze at a London apartment tower has brought new scrutiny to a long-accepted, counterintuitive rule for people in tall buildings: If the blaze breaks out elsewhere in the structure, don’t automatically run for the stairs. Stay put and …

Takata Bankruptcy Filing Could Happen Next Week in Japan

Takata Corp. plans to file for bankruptcy as soon as next week, paving the way for a sale of the 84-year-old Japanese air-bag maker behind the biggest safety recall in automotive history. The supplier is expected to seek protection in …

Carnegie-Brown Begins Tenure as Lloyd’s Chairman

Bruce Carnegie-Brown formally has officially assumed his position as chairman of Lloyd’s, following the retirement of John Nelson. “I am very excited to get started. In the months since my appointment was announced, I have been meeting with people in …

Prime Minister May: ‘People Deserve Answers’ on London Tower Blaze

British Prime Minister Theresa May on Thursday promised a public inquiry into a fire that gutted a 24-story apartment block killing at least 17 people, as the government faced questions about how such a devastating blaze could have occurred. Smoke …

British Insurer Aviva to Launch Small Business Cyber Product

British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK insurance said. Aviva, which …

Report Claims 17 Deaths, Worker Abuse at World Cup Construction in Russia

Workers building stadiums for next year’s World Cup in Russia have faced repeated abuses and routinely gone unpaid for several months, according to a report by Human Rights Watch. At a stadium in Yekaterinburg, some workers were required to work …

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