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Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber...
US sanctions Russian oil majors over Ukraine, prompting jitters in India and China
The sanctions target oil giants Rosneft and Lukoil, which between...
WhatsApp launches ‘Safety Overview’ tool, bans 6.8 mn accounts linked to scam centres
Meta's messaging platform further said it is exploring ways to caution users when they start a chat with someone not in the contacts by showing more context about the person they are messaging to. This, it hopes, will enable informed decisions. New Delhi: WhatsApp has...
Howden Re strengthens regional presence with Dubai license
Howden Re’s expanded Dubai operations will build on its current broking services, with a focus on its treaty, facultative and MGA reinsurance offering and reinforcing its regional growth strategy. London: Howden Re, the global reinsurance, capital markets, and...
Wildfires and severe thunderstorms in the US drive global insured losses to $80 billion in first half of 2025
The wildfires that swept through parts of Los Angeles County in January constitute the largest-ever insured wildfire loss event by far, resulting in estimated insured losses of USD 40 billion. Zurich: Global insured losses from natural catastrophes reach USD 80...
Over 84,000 Indian gaming accounts leaked in 2024: Kaspersky
According to Kaspersky, Thailand recorded 1,62,892 leaked cases, followed by the Philippines with 99,273, Vietnam 87,969, India 84,262, Indonesia 69,909, Malaysia 37,718, South Korea 37,097, China 18,786, Sri Lanka 10,877, and Singapore 4,262 leaked cases, the company...
Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify operations and grow the business by empowering local expert teams to serve the distinct needs of their core specialty insurance markets. RICHMOND, Va: Markel Insurance, the insurance operations within Markel...
Aon promotes Rupert Moore as CEO, Reinsurance, Asia Pacific
Rupert Moore,CEO-designate, Reinsurance, Asia Pacific Moore will relocate to Singapore later this year and serve as an advisor to Aon’s APAC CEO Jennifer Richards to help advance the firm’s Risk Capital strategy for Japan DUBLIN: Global re/insurance intermediary Aon...
Tsunami warnings fading after one of the largest earthquakes ever recorded
The danger had largely passed more than a day after the 8.8 magnitude quake, which was centered off the coast of the Kamchatka Peninsula in Russia’s Far East. No major damage was reported and tsunami warnings were canceled in most areas. HONOLULU: One of the most...
South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just needs to light the match,” Mpumi Tyikwe, the insurer’s chief executive officer, said in an interview in Bloomberg’s Johannesburg office last week. “We can handle a significant event now. I think anything...
Women-only US dating advice app Tea suspends messaging following breaches
The app—which boasts 4.6 million users—is pitched as a “dating safety platform” that women can use to steer clear of men who are adulterous, dishonest, or worse. The women-only U.S. dating advice app Tea has suspended direct messaging following a series of security...
Powerful quake in Russia’s far east causes tsunami, Japan and Hawaii order evacuations
The shallow earthquake damaged buildings and injured several people in the remote Russian region, while much of Japan's eastern seaboard - devastated by a 9.0 magnitude earthquake and tsunami in 2011 - was ordered to evacuate. Workers evacuated the stricken Fukushima...