“The EU Cyber Solidarity Act will strengthen solidarity at Union...
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UK says Russian hackers aim to attack key infrastructure
A successful cyberattack on critical national infrastructure such...
Hannover Re latest company to leave Net-Zero Insurance Alliance
While Zurich had said it was leaving to focus on helping customers...
50 people feared dead after a US-Bangla Airlines aircraft crashes at Kathmandu airport
The plane, a Bombardier Dash 8 Q400, with 67 passengers and four crew members caught fire after it careened off the runway during landing and crashed onto a football ground near the airport, TIA spokesperson Prem Nath Thakur said.
SCOR raises $ 625 million through innovative bonds
This is the first transaction for a restricted Tier 1 instrument with a principal write-down feature in USD, which provides the Group with the greatest financial flexibility and strongest quality of capital for a debt instrument
Cigna and Express Scripts in $67 bn health merger
“Together, our two organizations will help make the healthiest choices the easiest choices, putting health and pharmacy services within reach of everyone we serve,” Express Scripts chief executive Tim Wentworth said in a statement.
Working millenials not saving enough for their retirement
“While it could be assumed that millennials have plenty of time to save for retirement, they have to shoulder more responsibility than their parents and grandparents to do so, Compared to older generations, millennials are less likely to have employer-provided pension or defined benefit retirement plans. Additionally, millennials are likely to live longer,” said Rui Yao, associate professor at University of Missouri.
AXA acquiers XL Group for $ 15.3 bn, Indian reinsurance branches of both cos will be merged
The combination of AXA’s and XL Group’s existing position will propel the Group to the number one global position in P&C commercial lines with combined 2016 revenues of 30 billion euros and total P&C revenues of 48 billion euros.Sources in Paris said, reinsurance branches of both the companies will be merged in India
Axa in Advanced Talks to Buy U.S. Insurer XL Group
Buying XL, which sells insurance to other insurers, would bolster Axa’s casualty coverage business in the U.S., and mark the biggest insurance deal since 2015, according to Bloomberg data. Such firms have become ripe takeover targets as policy prices begin to increase after firms booked heavy losses last year due to a spate of natural disasters.
Equifax says insurance covers $75 mn in breach costs, total losses to exceed $600 mn
Equifax carried cyber liability coverage, which market sources say was led by London-based Beazley P.L.C. Total costs of the breach, which compromised sensitive data of more than 147 million consumers, could be“well over $600 million,” after including costs to resolve government investigations into the incident and civil lawsuits against the firm,
RMS appoints Karen White as CEO
Karen White is an accomplished and highly capable leader in the technology industry, having served for more than 25 years as an executive and investor. White has significant experience bringing technology, innovation, data and operations together to build and scale businesses.
Asia Pacific Employers expect workplace automation to surge in the next 3 years : Willis
Yet the survey revealed very few companies and HR functions are fully prepared to address the organisational change requirements related to automation, nor the opportunities offered by a larger contingent talent pool
Willis launches cyber cover for aviation business
“Willis Towers Watson Aerospace Cyber Guard is part of our integrated approach to advising companies on how to manage their cyber risks, operate more confidently in this unchartered territory and ultimately protect their brand,” said Jason Saunders, president, Willis Towers Watson Aerospace, North America.
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