Edition:
United Kingdom

Suzanne Barlyn

U.S. insurer Travelers sets aside 'modest' funds for child sex-abuse claims

23 Jan 2020

Travelers Companies Inc has set aside a "modest" amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer's finance chief, Daniel Frey, told analysts during an earnings call on Thursday.

Insurers look to curb ransomware exposure as U.S. cyber rates rise

22 Jan 2020

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.

Pollution insurance costs to jump for U.S. tailings dams after Vale disaster

21 Jan 2020

The 2019 mining disaster in Brazil is expected to lead to a double-digit jump in costs to insure U.S. tailings dams that store mining waste against liability for environmental catastrophes.

Gemini launches in-house insurer to boost coverage for crypto assets

16 Jan 2020

NEW YORK U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets.

UPDATE 1-AIG names Zaffino as president in sign of possible leadership shift

18 Dec 2019

Dec 18 American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company's general insurance unit, as AIG's president.

AIG names COO Peter Zaffino as president

18 Dec 2019

American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company's general insurance unit, as the company's president.

New York state regulator proposes new framework for crypto coin listings

11 Dec 2019

New York State's financial regulator on Wednesday proposed a plan that would allow licensed virtual currency firms that have already received approval for coin listings to introduce new coins without additional permission.

Could life insurance go up in smoke for some vapers?

04 Dec 2019

LONDON/NEW YORK Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. | Video

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