French regulator CNIL said on Tuesday it had fined Amazon France Logistique 32 million euros ($35 million) for what the CNIL said was an “excessively intrusive” surveillance system set up to monitor the performance of staff. The CNIL said indicators …
Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of Australians. Foreign Minister Penny Wong announced Tuesday …
Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with managing agent Apollo. Through Apollo’s Strategic Partner Syndicates business and Apollo …
Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK and other parts of the region. The Met Office issued a yellow weather warning across the UK on Monday, although …
A landslide of contaminated soil that threatens to pollute a water stream in Denmark has prompted the nation’s government to consider tightening environmental and corporate laws. Danish authorities have enlisted 100 workers and 80 trucks to avoid “a potential environmental …
Prime Minister Justin Trudeau’s government is holding a summit next month to coordinate a national response to a massive spike in auto thefts across Canada in recent years. Toronto, Canada’s largest city, has borne the brunt of the crime wave, …
Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months of extreme weather events. A tropical low developing in the Coral Sea off Queensland state is likely to become a …
For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The calculus around natural disasters such as hurricanes and cyclones fed record gains at funds managed by firms including Tenax Capital, …
This edition of International People Moves details appointments at Liberty Specialty Markets and HDI Global. A summary of these new hires follows here. Liberty Specialty Markets Names Bolaños as CUO, Moreno as President US, LatAm Liberty Specialty Markets (LSM), part …
Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers in their renewal reports. “Some reinsurers adopted a tougher stance ahead of the January 2024 …
