A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and trigger a domino effect across the financial sector, according to a Conference Board of Canada report. “As the earthquake in …
Cyber criminals have remotely attacked cash machines in more than a dozen countries across Europe this year, using malicious software that forces machines to spit out cash, according to Russian cyber security firm Group IB. Diebold Nixdorf and NCR Corp., …
A powerful earthquake rocked northern Japan early on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a small tsunami that hit the same Fukushima region devastated by a 2011 quake, tsunami and nuclear disaster. The magnitude 7.4 …
Specialist global insurer Hiscox has announced the promotion of Justin Bowen to chief underwriting officer for its European operations. Bowen has worked at Hiscox since 2000 and held a number of different roles within its UK business. Having joined to …
Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, according to the Association of British Insurers (ABI). The ABI supports the formation of an standard …
Tokio Marine Kiln has appointed Gary Burke to the special risks division in its London office. Burke will focus on trade credit and political risks. Previously he worked for American International Group (AIG) where he held different underwriting roles. Most …
Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability. The group of 20 economies …
A tropical moisture system resulting from Hurricane Matthew swept through Atlantic Canada last month, resulting in more than $100 million in insured damage, according to Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe Indices and Quantification Inc. …
Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and coverholders, called “Advantage.” Designed to capture all information …
China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s biggest property deal since the …
