International

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”...

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

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

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

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...