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Tom Ridge, the first homeland security chief under President George W. Bush, says companies face more risk of cyber attacks similar to those that struck JPMorgan Chase & Co., Home Depot Inc. and Target Co.
According to Esure Group, investors will have to wait until next year before prices in the U.K.s motor insurance market start to improve.
Hiscox Ltd. Chairman Robert Childs said the Lloyds of London insurer is writing less big ticket reinsurance as excess capital pushes rates lower.
Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.
Lloyds of London, the worlds oldest insurance market, reported its biggest annual profit in four years as natural catastrophe claims declined.
