Equifax to recover $75mn from insurers over data breachUS consumer credit reporting agency Equifax is set to recoup $75mn from its insurers after taking a $275mn hit from a data breach last year when hackers stole sensitive customer information.
Natural disasters and extreme weather top WEF risks for 2018The World Economic Forum (WEF) has named natural disasters and extreme weather events as the top global risks on the horizon for the second year running.
Cyber clauses have to be examined says marine chiefThe Chairman of the international Union of Marine insurance’s (IUMI) Ocean Hull Committee, has warned underwriters need to re-examine their approach to cyber risk.
Swiss Re warns on cyber aggregationsSwiss Re’s head of Reinsurance is urging the industry to take a considered approach to cyber given the potential aggregation risks and that some risks were so systemic that only governments can reinsure.