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Insurance Company Gives Delaware $325K in Grants for Opioid Crisis

An insurance company has given four Delaware organizations $325,000 in grants to combat the state’s opioid crisis. The News Journal of Wilmington reports Highmark Delaware President Tim Constantine announced the grants Monday as “no organization or entity can fight this …

20-Plus Insurers, Banks & Fund Firms Select Luxembourg as Post-Brexit HQs

More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country’s financial development agency said on Thursday, linking the decisions to Britain’s move to leave the European Union. The …

UAE-Based Cyber Security Firm DarkMatter Doubles Revenue in 2017 to $400M

DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 …

Colombia’s Grupo Sura to Invest $150M in Its LatAm Insurance, Pension Interests

Grupo Sura, the Colombian investment holding company, will invest $150 million in 2018, principally in its insurance and pension interests in Latin America, its vice president for finance said. The company plans to reduce its debt over the next two …

Weather, Road Damage Slows Relief Efforts After Papua New Guinea Quake

The death toll from the strongest earthquake to strike Papua New Guinea’s rugged interior in almost a century has climbed to 31 and would probably rise further, officials said on Thursday, as damage to roads, runways and phone lines slowed …

Exxon’s LNG Plant in Papua New Guinea Could Be Shut for 6 Weeks After Quake

Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS …

Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered

Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The renewed cover, brokered by Guy Carpenter, has been …

Christian Named Aon Benfield’s Global Chairman; Page Promoted to CEO of Aon UK

Aon plc announced that Dominic Christian has been appointed as global chairman of Aon Benfield. At the same time, Julie Page has been promoted to chief executive officer of Aon UK Ltd., subject to regulatory approval. Most recently, Christian was …

Gun Injuries Drop 20% During NRA Convention Every Year: Study

Thousands of firearm injuries occur in the United States each year, but the likelihood of such injuries appears to drop substantially when gun enthusiasts hold large national meetings, according to research led by Harvard Medical School. The results, published March …

What Agent Who Wrote First Cyber Policy Thinks About Cyber Insurance Now

It was more than 20 years ago. The Internet as it is known today was in its infancy. Steven Haase was with an insurance agency in Atlanta focused on insuring technology companies. “Around 1995, I saw the commercialization of the …

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