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Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Arctic Wolf

Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15 countries, 70% said they were targets …

People Moves: CFC Canada Taps Marsh’s Della Mora as CEO, Opens 1st Canada Office

CFC, the London-based specialist managing general agent, announced the appointment of Kate Della Mora to the newly created role of CEO, CFC Canada. Della Mora’s appointment coincides with the launch of CFC’s first office on the ground in Canada, based …

Aon’s NFP Acquires UK-Based Consultant HELPGB

NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not disclosed. Clark Hunter, director of HELPGB, will remain …

Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal

Warburg Pincus and Singapore’s Temasek Holdings Pte agreed to acquire Specialist Risk Group Ltd., an independent insurance intermediary based in London. The management team of Specialist Risk Group will continue to hold a significant stake, investing alongside Warburg, a private …

Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility

Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale marine distribution and allows Rokstone to write direct and …

AI-Intensive Sectors Are Seeing Productivity Surge: PwC

The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity …

Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings

Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies. MS&AD, which also reported full-year guidance that exceeded …

GSK Faces Whistleblower Suit From Lab That Found Zantac Risk

GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a …

US to Deploy More Than $50 Million to Shield Private Hospitals From Cyberattacks

The US government is seeking to play a more active role in protecting the private health-care sector from a deluge of cyberattacks that have disrupted patient care and left providers unpaid. US health officials will unveil Monday a new program …

Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases

Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their premises and approaches safe, …

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