December 1, 2016
RMS and a group of actuarial societies each rolled out new products designed to respectively help measure risks related to earthquake and weather events. In RMS’ case, the catastrophe modeling firm gained regulatory approval in Peru to start marketing its …
December 1, 2016
Vienna Insurance Group announced it has completed the purchase of AXA’s Serbian companies. In July 2016 Vienna Insurance Group (VIG) signed a share purchase agreement for acquisition of the non-life company AXA Nezivotno Osiguranje a.d.o. Beograd and life company AXA …
December 1, 2016
The recent theft of money from accounts at retailer Tesco’s online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. The bank also …
November 30, 2016
Air-safety experts probing the jetliner crash that killed 71 people, including most of Brazil’s Chapecoense soccer squad, will look at whether the plane ran out of fuel while on a flight close to the limits of its range. The distance …
November 30, 2016
Uber defended its business model in Europe’s highest court on Tuesday, saying its service had made it easier for people to get around and cut pollution as it fights a case which could leave app-based startups facing tougher regulation. The …
November 30, 2016
Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the largest global center for commercial and specialty risk,” …
November 30, 2016
Fifteen judges at the European Union’s top court are trying to decide, once and for all, whether Uber Technologies Inc. is an app or a transport company. The question has long vexed regulators and lawmakers across the region. Defeat for …
November 30, 2016
RSA announced it has appointed David Germain to the role of group chief technology officer. Based in London and reporting to Darren Price, group chief information officer, Germain will be responsible for implementing RSA’s information technology strategy to support change …
November 30, 2016
No company is fully secure from cyber breaches, no matter how sophisticated its cyber defense mechanisms, which is why every company should develop a cyber risk management strategy, according Marsh & McLennan’s “Cyber Risk Handbook 2016.” Research reveals that that …
November 29, 2016
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized businesses. At the same time, …