The automaker failed to finalize a cyber insurance deal brokered by...
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UK police arrest man over hack that affected European airports
Ransomware gangs routinely publicise attacks and leak stolen data...
Globally company executives face rising threats of violence: Survey
A survey of 2,352 security chiefs at large and medium-sized...
World’s ghost fleet in focus over US Russian price cap crackdown
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...
World Bank’s Banga says geopolitics pose biggest, but not the only, risk to world economy
Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at play. The private sector investment is needed in developing economies but political risks in some of these countries remain...
Munich Re lifts target as lower-than-expected claims fuel profit
Chief Executive Officer Joachim Wenning is in the midst of a five-year strategic plan that calls for earnings per share to increase at least 5% per year on average. He has shown willingness to discontinue businesses that no longer meet expectations in terms of prices...
World far off track on pledges to end deforestation by 2030 – report
Deforestation increased by 4% worldwide in 2022 compared with 2021, as some 66,000 square kilometers (25,000 square miles) were destroyed, the annual Forest Declaration Assessment report said. That means the world is 21% off track to end deforestation by 2030. The...
China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
The problem is an embarrassment for Beijing and is discouraging ordinary Chinese from traveling to Southeast Asia out of fear they might be duped or kidnapped and caught up in a cyber scam operation. In recent years, media reports have uncovered instances of young...
Aviation war insurers cancel some cover for Israel, Lebanon
“Insurers want regular updates – each airline has a different risk profile and therefore different risk mitigation strategies,” said a spokesperson for U.K. insurance buyers’ association Airmic's aviation group Aviation war insurers have given notice to cancel cover...
Toyota Tsusho Insurance Management Corporation joins the Brokerslink Network
TIM provides a range of insurance services, including brokerage for corporates, insurance, reinsurance, captive management, global insurance program management and risk consultancy. The company was founded on providing broking services for the Toyota Group companies...
Global insured losses from natural disaster events reach $88 billion by the end of Q3 2023, says Aon report
For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses London: Aon plc in its Q3 Global Catastrophe Recap report has revealed that that global insured losses from natural disaster events had reached...
Evergreen line declares force majeure on Israel shipment -customer note
War risk insurance rates have soared more than tenfold in recent days to Israeli ports with growing concerns over an escalation in hostilities Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial a risk for one sector to face alone and therefore we must continue to share knowledge, expertise and innovative ideas across government, industry and the insurance market to ensure we build society’s...