Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the “decentralized finance” space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got …
Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms entrusted to find malicious activity in their clients’ networks. Four cyber-security companies …
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …
Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd. Scully will report to Tim Duffin, chief underwriting officer, Hamilton Re. She will be based …
HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, …
The UK Supreme Court ruled on Friday that thousands of businesses should be insured for some losses amassed after a national lockdown to curb the coronavirus pandemic in a test case that pitched the markets regulator against major insurers. Six …
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers – Hiscox, …
HONG KONG/BRUSSELS – The environmental transformation happening in the Arctic is key to understanding the potential global impacts of climate change, an Alaska Native leader and a polar explorer told the Reuters Next conference on Monday [Jan. 11]. With climate …
AXIS Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans and environmentalists. The move follows similar pledges …
NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on Dec. 16, 2020. Financial details of the acquisition were not disclosed. EdgeHill, a P/C brokerage firm based in …