Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is...
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Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai,...
Titanic Law helps ship owner limit bridge collapse liability
A key to determining any insurance claims will be proving whether the accident was caused by negligence, and if so by whom, or mechanical failure, according to Bloomberg Intelligence. The ship is insured by the Britannia Protection and Indemnity Club, which is a...
SEC ramps up hack probe with focus on tech, telecom companies
The probe — aimed partly at determining what the companies may have known but didn’t disclose — follows a landmark lawsuit the SEC filed in October against SolarWinds Corp., claiming it failed to maintain adequate controls and defrauded investors by downplaying...
FBI says Alaska Airlines passengers are possible ‘crime victims’
“A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time. A victim of a federal crime is entitled to receive certain services,” the letter stated. The Federal Bureau of Investigation(FBI) has...
Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit
“The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners.For insurtechs and many clients seeking cyber risk protection, we are already the trusted reinsurance...
New record of 142 global Nat Cat events globally, USD108 billion insured losses in 2023: Swiss Re
Moses Ojeisekhoba, Swiss Re's CEO Global Clients & Solutions, says: "As weather hazards intensify due to climate change, risk assessment and insurance premiums need to keep up with the fast-evolving risk landscape. Looking ahead, we must focus on reducing the loss...
Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman of Reliance Industries, with a staggering net worth of $115 billion. Closely following is Gautam Adani, the founder of the Adani Group energy conglomerate, with assets valued at $86 billion, marking a...
Cargo ship hits Baltimore’s Key Bridge, bringing it down, Rescuers are looking for people in water
The ship crashed into one of the bridge’s supports, causing the structure to break apart like a toy. It tumbled into the water in a matter of seconds — a shocking spectacle that was captured on video and posted on social media. The vessel caught fire, and thick, black...
North Korean hackers stalk crypto startups scrimping on security
Hacks and scams cost the crypto industry an estimated $1.8 billion last year, down about 50% from 2022, according to Immunefi, which runs a platform where companies offer bounties to those who locate and flag security flaws in their software. A drop in the very...
Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. The Russian oil-export machine funding the Kremlin’s war in Ukraine...
Apple, Google, Meta targeted in EU’s first Digital Markets Act probes
The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for people to move between competing online services like social media platforms, internet browsers and app stores. That should in turn open up space for...