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SMBs Are Struggling to Get Cyber Insurance: Here’s How to Stay Protected
For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years ago, carriers, brokers, and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
POSTED JUNE 27, 2022 1:13 PM |
Rise of Women to Top UK Financial Services Roles ‘Stagnating’
Britain’s six-year drive to increase the number of women in senior management at financial firms is “stagnating” for the first time, a review for the finance ministry said on Thursday. The ministry launched its voluntary Women in Finance Charter in …
POSTED JUNE 27, 2022 1:09 PM |
Gallagher Re Launches Climate Risk Resilience Practice, Led by World Bank’s Bavandi
Gallagher Re, the global reinsurance broker, announced it has launched a global practice focusing on public sector and climate resilience solutions, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact. Antoine Bavandi …
POSTED JUNE 27, 2022 12:38 PM |
People Moves: Miller Expands Into Media & Entertainment; Aon Re Names Carpenter’s Toffanello Head of Italy; SiriusPoint’s Sawyer Rejoins AXA XL for U.S. Casualty Re
This edition of International People Moves details appointments at insurance broker Miller, Aon Reinsurance Solutions in Italy, and AXA XL. A summary of these new hires follows here. Miller Expands Into Media & Entertainment With Bramwell Hire Miller, the London-based …
POSTED JUNE 27, 2022 11:26 AM |
Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey
Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds …
POSTED JUNE 27, 2022 9:20 AM |
Generali Investor Del Vecchio Dies at 87
Leonardo Del Vecchio, the Italian entrepreneur who started off with a tiny optics workshop in the Dolomite mountains and ended up as the undisputed world leader in eyewear, has died. He was 87. His death was confirmed on Monday by …
POSTED JUNE 27, 2022 8:55 AM |
G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions
Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according to people familiar with the matter. The potential mechanism would only allow the transportation of …
POSTED JUNE 27, 2022 6:32 AM |
Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction
With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the conviction that a cyberattack against even a group of minor banks – or a third-party service provider – could imperil …
POSTED JUNE 27, 2022 6:00 AM |
Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs
A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal …
POSTED JUNE 27, 2022 5:33 AM |
Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, the country found paths around the penalties imposed after the …
POSTED JUNE 27, 2022 5:19 AM |
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