Binance $6.3 Billion Hack Highlights Digital Asset Insurance Structures
The record crypto heist draws attention to how digital asset exchanges insure against theft and the limitations of coverage.
Insurance JournalEdition · 2026-10-30
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35 reports
Letters to The Guardian critique recent budget measures and tax policies
Readers respond to the budget announcements, raising concerns about cost-of-living pressures and tax thresholds.
The Guardian MoneyFinancial Conduct Authority warns public over Shard Credit Partners clone firm
The Financial Conduct Authority has issued a warning regarding an unauthorized entity cloning the details of authorized firms.
Financial Conduct AuthorityMarkel enters $1.2 billion adverse development cover agreement with Enstar
Markel Group has agreed to a reinsurance runoff transaction with Enstar Group covering underwriting years 2025 and prior.
Insurance JournalHadron appoints John Moffatt as International Chief Underwriting Officer
Hadron has named John Moffatt as International Chief Underwriting Officer, subject to regulatory approvals.
Reinsurance NewsPension schemes urged to ensure operational readiness as dashboard connection deadline arrives
In-scope pension providers face a looming deadline tomorrow to connect to the pensions dashboards ecosystem.
Professional PensionsPensions fintech PensionPay rebrands as Corduroy and targets 2027 app launch
Pensions start-up PensionPay has changed its name to Corduroy under new chief executive Steve Donelan and is developing a decumulation app.
Professional PensionsLeicestershire County Council Pension Fund appoints Rekha Owen as independent person
Professional Pensions reports on recent appointments across the pensions industry, including Leicestershire County Council Pension Fund and Standard Life.
Professional PensionsCompetitive property insurance market isn't underwater yet, says Markel Insurance CEO
Markel Insurance CEO Simon Wilson notes that property insurance margins are narrowing amid low catastrophe activity and softer reinsurance conditions.
Reinsurance NewsRyan Specialty posts Q3 revenue growth but compensation costs climb
Ryan Specialty reported third-quarter revenue growth of 4.7% as staff costs rose faster, reflecting a challenging market backdrop.
Insurance Business UKPHP2Shell shutdowns test cyber policy triggers
Precautionary outages rather than confirmed breaches are driving early PHP2Shell losses, placing broker focus on policy wordings and waiting periods.
Insurance Business UKNatWest private banking and wealth management income rises 47% in Q3
NatWest reported a £143m increase in private banking and wealth management income for the three months to September, supported by the integration of Evelyn Partners.
Investment WeekFCA issues warning over unauthorised clone firm using Octopus Investments name
The Financial Conduct Authority has issued a warning against an unauthorised clone firm operating under the name Client.octopus-firm.com.
Financial Conduct AuthoritySpecialist cyber policies extend cover to personal relocation and trauma counselling
Specialist cyber insurers are updating policy wordings to cover the personal trauma, counselling and temporary relocation costs faced by executives targeted in ransomware attacks.
Insurance Business UKUK house prices grow at slowest pace in two years as mortgage rates rise
Nationwide reports annual UK house price growth slowed to 0.5% in October as higher borrowing costs weighed on buyers.
The Guardian MoneyFinancial Conduct Authority issues warning over Northern Index Clone firm
The FCA warns consumers against dealing with an unauthorised clone firm operating under the name Northern Index.
Financial Conduct AuthorityPrecautionary closures amid protests carry no insurance guarantee
Businesses closing doors ahead of unrest face strict policy limits as standard property damage and business interruption wordings require physical damage or formal authority orders.
Insurance Business UKAon expands IBEX transaction insurance product to the UK and EEA
Aon has expanded its proprietary IBEX transaction insurance product to cover the UK and EEA, offering 100 days of true interim breach coverage.
Reinsurance NewsTokio Marine HCC International and Adrian Flux launch UK insurance for domestic humanoid robots
Tokio Marine HCC International and Adrian Flux have introduced a specialist household insurance policy designed for domestic humanoid robots arriving in UK homes.
Reinsurance NewsGallagher research points to rising UK workplace conflicts
Insurance broker Gallagher reports an increase in UK workplace complaints resulting in attempted legal action.
Commercial RiskSPP urges robust safeguards for DC small pots consolidator
The Society of Pension Professionals calls on the government to strengthen its defined contribution default consolidator model.
Professional PensionsSenior appointments span aviation broking, MGAs and financial services
Four firms announce senior leadership changes across specialist aviation broking, non-standard personal lines, retail financial services and asset servicing.
Insurance Business UKGlobal credit insurance covers €9.58trn in trade as insolvencies rise
Data from ICISA shows insured trade volumes climbing to €9.58 trillion in 2025 despite coverage share slipping to 14%.
Insurance Business UKProfessional Pensions highlights Autumn Budget and scheme transfers
Professional Pensions rounds up recent industry developments, including Mineworkers' scheme surplus repayments and L&G's master trust transfer.
Professional PensionsHSBC Seeks Credit Risk Insurance for Data Center Loans
HSBC is in preliminary talks with insurers to offload credit risk on data center project finance loans as AI infrastructure financing expands.
Insurance JournalAM Best assigns A rating to Ascot Insurance Guernsey
AM Best has assigned an FSR of A and a Long-Term ICR of “a+” to Ascot Insurance Guernsey Limited, with a stable outlook.
Reinsurance NewsGallagher reports 5% organic growth for third quarter as peer results diverge
Arthur J. Gallagher & Co. posted 5% organic growth in the third quarter, contrasting with varying performances across major global brokerage rivals.
Insurance Business UKBinance hack results in record US$6.3bn loss and puts Lloyd's cyber wordings under scrutiny
A massive cryptocurrency breach at Binance draws scrutiny to Lloyd's cyber war exclusions and specialist insurance capacity.
Insurance Business UKArthur J. Gallagher reports 5% organic growth in third quarter as softening market tests rivals
Arthur J. Gallagher maintains organic growth during the third quarter as diversified revenue streams cushion the broker against softer commercial pricing.
Insurance Business UKColorado glaciers experience record thinning due to low snowpack and summer heat
New research reveals that Colorado's prominent glaciers thinned at double their previous rate over the past year.
Insurance JournalAXA personal lines grow 7% as AXA XL pulls back in soft market
AXA reported a 3% rise in nine-month property and casualty premiums as growth in retail lines offset a deliberate contraction at AXA XL.
Insurance Business UKUkraine reserves dent Hamilton’s Q3 underwriting profit
Hamilton Insurance Group reported a sharp fall in third-quarter underwriting profit as reserve strengthening related to the Ukraine conflict pushed its combined ratio up to 97.3%.
Insurance Business UKMS Amlin launches AI tool to halve reinsurance wording reviews
MS Amlin has introduced an internal AI tool called Wordy Bot to cut reinsurance contract review times ahead of the January 1 renewals.
Insurance Business UKAdrian Flux and TMHCC launch UK home cover for humanoid robots
Adrian Flux and Tokio Marine HCC International have launched what they describe as the UK's first home insurance policy for domestic humanoid robots.
Insurance Business UKUK business confidence rises six points to 47% in October on stronger demand
Lloyds Business Barometer shows overall business confidence sitting above its long-term average as economic optimism and trading outlooks improve.
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