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International

'Flowed into pockets of corrupt officials': JLT Specialty fined over Colombia commissions

27 June 2022

UK regulator the Financial Conduct Authority has fined JLT Specialty £7.88 million over “lax controls” that led to commissions it paid in relation to a business deal in Colombia ending up in “the pockets of corrupt officials”...

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No country immune: Australia among most vulnerable to cyber attack

27 June 2022

Australia is among countries most vulnerable to cyberattacks, RIMS says, with an average cost of cybercrime $6.6 million...

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Brokers 'must do more' on M&A risk

27 June 2022

Brokers should play a greater role in helping tech clients mitigate merger and acquisition deal risk, cyber specialist CFC says...

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Volatile US lightning claim costs decline to $1.9 billion

27 June 2022

US insurers paid out $US1.31 billion in lightning-caused homeowner claims last year, dropping from $US2.06 billion in the previous 12 months...

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Zurich report outlines systemic failures in preparation for 'Bernd' weather event

27 June 2022

Zurich Insurance has released analysis of last year’s severe flooding in parts of western Europe, saying the catastrophic weather event showcased inadequate standards of flood preparation and resilience...

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