Egyptian investigators found traces of explosives on victims of the crashed EgyptAir jet that went down over the Mediterranean seven months ago, in the clearest indication so far that terrorism may have caused the fatal incident. The findings have been …
Germany’s cyber security authority, the Federal Office for Information Security (BSI), criticized Yahoo on Thursday for failing to adopt adequate encryption techniques to protect its users’ personal data. The BSI also advised German consumers to consider switching to alternatives for …
Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives are uncertain whether a combination with the French insurance …
SCOR announced the launch of a new three-year contingent capital facility, which provides the group with €300 million ($319 million) coverage in case of an extreme natural catastrophe or life events affecting mortality. SCOR said the facility takes the form …
XL Catlin’s insurance operations announced it has enhanced the wording of its all-in-one solution for collectors, arts and jewelry professionals, called Mosaic. The Mosaic coverage, which is available in France, Italy, Belgium, Switzerland and Spain, now includes a number of …
RenaissanceRe Holdings said that its chief investment officer and treasurer will be leaving the Bermuda-based reinsurer in the 2017 first quarter. Two people will take over his responsibilities. Todd Fonner, who also has the title of senior vice president, will …
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union, Ireland’s central bank said on Thursday. Ireland is …
More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totaling at least $158 billion, Swiss Re said on Thursday. At an estimated $49 billion, insured losses rose by nearly a third …
Yahoo Inc. warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of affected accounts …
South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2 month highs. Hastings, which listed just …
