As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …
The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network into chaos. But …
Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses. Williamson currently serves as Everest’s EVP, group chief …
Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of …
Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover Re’s position as a …
Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …
U.S. and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly hit millions of people including lawmakers, academics and journalists, and companies including defense contractors. Authorities on both sides of the …
This edition of International People Moves details appointments at the broker BMS Group and the re/insurer Newline Group. A summary of these new hires follows there. BMS Hires Howden’s Spraggs, Austwick and Woolcott for FinPro Division BMS, the London-based independent …
The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run …
Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the creation of Edgware Re Ltd., a group captive insurance company for organizations seeking more control and stability in their cyber insurance programs. Based in Bermuda, Edgware …
