Published March 04, 2015 - 5:41am CST
Research by Symantec Corp. and Deloitte L.L.P. found that about 54% of firms in the United Kingdom lack knowledge and intelligence to protect themselves against sophisticated cyber attacks, reported Information Age.
Published March 04, 2015 - 5:40am CST
Cornelia Coman, head of ING Groep N.V.'s Hungarian unit, said that the Netherlands-based group has decided to segregate its insurance and banking operations from April 1, Budapest Business Journal reports.
Published March 04, 2015 - 5:38am CST
Italian insurer Assicurazioni Generali S.p.A. CEO Alberto Minali has said that the European Union's Solvency II rules would make it too expensive for insurers to invest in infrastructure, Reuters reported.
Published March 04, 2015 - 5:37am CST
Marsh L.L.C. has said that businesses can ensure recovery following natural disasters or weather events by tapping parametric triggers and alternative risk transfer structures, Artemis.bm reports.
Published March 04, 2015 - 5:35am CST
A huge fire in South Africa's Cape Town city has destroyed thousands of acres of rare plants, reported NewsDay citing the South African Press Association.
Published March 04, 2015 - 5:34am CST
Hong Kong-based Peak Reinsurance Co. Ltd. has said that China's new solvency regime – the China Risk Oriented Solvency System – for the insurance sector would result in a stronger and resilient market in the long run, Asia Insurance Review reported.
Published March 04, 2015 - 5:32am CST
Netherlands-based ASML Holding N.V. said that it was recently hit by a cyber attack, adding that no 'valuable' files were stolen, reported Infosecurity Magazine.
Published March 04, 2015 - 5:30am CST
The Indian insurance regulator's plans to cut investments in securities other than those approved by 10% may hit the returns of Indian general insurers, Taxmann reported citing The Economic Times.
Published March 04, 2015 - 5:29am CST
Usman Jibrin, Nigerian Navy's Chief of Naval Staff, said that oil theft is costing the country 433.62 billion Nigerian nairas ($2.15 billion) every year, The Punch reported.
Published March 04, 2015 - 5:27am CST
Nepal's Insurance Board has made it mandatory for all nonlife insurers in the country to offer agriculture insurance and has allotted them certain districts to underwrite, reported E-Kantipur.
Published March 03, 2015 - 6:05am CST
Fitch Ratings Ltd. said that implementation of the China Risk Oriented Solvency System will cause insurers to revamp their reinsurance arrangements, Asia Insurance Review reports.
Published March 03, 2015 - 6:03am CST
Igor Zhuk, head of insurance department of Russia's central bank, said that premium volume of the country's insurers increased 9% year on year to 986 billion Russian rubles ($15.99 billion) in 2014, Forinsurer reported citing Finmarket.
Published March 03, 2015 - 6:01am CST
U.K.insurance brokerages Hyperion Insurance Group Ltd. and R.K. Harrison Holdings Ltd. have finalized their merger, Telegraph.co.uk reported.
Published March 03, 2015 - 6:00am CST
The recent cyclone Marcia that hit Australia's Queensland state is likely to cost insurer Suncorp Group Ltd. up to $150 million Australian ($116.4 million), Courier Mail reports.
Published March 03, 2015 - 5:58am CST
Nicolas Delgado Gonzalez, president of QBE Seguros S.A. in Colombia, has said that there is plenty of space for insurers in the country in spite of increasing competition in the domestic market, reported BNamericas citing newspaper El Tiempo.
Published March 03, 2015 - 5:57am CST
Heavy rainfall across India's Maharashtra state has resulted in extensive damage to crops, Hindustan Times reported.
Published March 03, 2015 - 5:55am CST
Ali Niknafs, director of Iranian Center for the Detection and Prevention of Cybercrime, said that cybercrime has doubled in the country over the course of three years, reported Cihan News Agency citing news agency IRNA.
Published March 03, 2015 - 5:53am CST
Insurers in India might consider diluting domestic promoters' stake or increasing foreign promoters' stake, reports The Hindu BusinessLine.
Published March 03, 2015 - 5:52am CST
The government of China's Yunnan province said that 81,000 residents have been affected by the magnitude 5.5 earthquake that recently the province, Presna Latina reported.
Published March 03, 2015 - 5:49am CST
Zaragoza, Spain, is on high alert for flooding following rise in volume of river Ebro that flows through the city, Xinhua reported.
Published March 02, 2015 - 5:50am CST
A severe weather warning has been issued for several regions of Australia's New South Wales state, reported Skynews.com.au.
Published March 02, 2015 - 5:49am CST
Adrian Leppard, commissioner of U.K.'s City of London Police, has said that although traditional crimes have been decreasing, financial crimes are on the rise, reported Telegraph.co.uk.
Published March 02, 2015 - 5:48am CST
China's insurance regulator has issued draft guidelines for trials on offering insurance coverage for expensive technical equipment, reported Asia Insurance Review.
Published March 02, 2015 - 5:46am CST
Australia's Aurizon Holdings Ltd. has said that it faces a $30 million Australian ($23.4 million) hit to its final results, mainly because of damage from the recent cyclone Marcia that hit the country, News.com.au reported.
Published March 02, 2015 - 5:45am CST
The regulatory and supervisory framework implemented by Rwanda's central bank some time back has led to the entry of new insurers in the country, East African Business Week reports.