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The Latest Breaking News from Hiscox

Hiscox takes £134m hit on LA wildfires after second year of record profit

The insurance group estimated that the broader insurance industry loss from the wildfires would be about 40 billion US dollars.

Evening Standard

Bad news - businesses who pay ransomware attackers aren’t very likely to get their data back

Only 1 in 10 who pay ransomware attackers actually retrieve their data, report claims.

TechRadar

FTSE 100 treads water as Frasers shares tumble after profit downgrade

The blue-chip index lifted 13.57 points, or 0.16%, to close at 8,349.38.

Evening Standard

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read the most diverse news in one place.

Cyber attacks affect business reputation as well as finances, says insurer

An annual report from Hiscox found that as the number of cyber incidents on businesses increase, so do challenges around attracting customers.

Evening Standard

Yacht tragedy forces Morgan Stanley to find new international chair even as grief is fresh

Jonathan Bloomer helped steer Morgan Stanley through Brexit before his death aboard a yacht forced the bank to start a job search.

Fortune

Bayesian yacht sinking: Who were the victims?

Following the sinking of a yacht off the coast of Sicily, the bodies of all the missing people have now been found

Evening Standard

Who is Jonathan Bloomer, Morgan Stanley’s chairman who is presumed dead in the Bayesian yacht disaster?

Prior to joining Morgan Stanley, Bloomer was the ousted CEO of Prudential Financial insurance group.

Fortune

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Who are the six people missing after Sicily yacht sinking?

What we know about four Britons and two Americans still unaccounted for after boat sank during storm

The Guardian - UK

Tech tycoon, defense attorney, and Morgan Stanley banker among those missing in freak yacht sinking

A superyacht that sank off the Sicilian coast during a storm left six passengers missing, including British tech kingpin Mike Lynch and his daughter Hannah

The Independent UK

Hopes fade for tech tycoon Mike Lynch and Morgan Stanley boss Jonathan Bloomer missing in yacht tragedy

Lynch and his daughter, Hannah, 18, Mr Bloomer and his wife, Judy, and Clifford Chance lawyer Chris Morvillo and his wife are the six people still missing

Evening Standard

How did the superyacht carrying tech tycoon Mike Lynch sink off Sicily?

Lynch’s was among five bodies retrieved by divers on Wednesday after the Bayesian sank, according to reports.

Al Jazeera

Who is Jonathan Bloomer? Morgan Stanley chairman amongst missing from Sicily yacht

The british businessman is one of six people missing after a superyacht capsized near Sicily

The Independent UK

Search Resumes In Sicily Yacht Sinking With Finance Boss Among Missing

Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily.

International Business Times

“Both these guitars tick practically all the boxes for us. Craft is top of the line and they sound very good indeed”: Furch Vintage Pure & Violet Deluxe SM review

This pair of finely crafted acoustics from the lower end of the Czech Republic maker’s price band may look simple and stripped back, but they’re fully loaded with tone

Guitar World

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The Guardian - UK

Aboudia blindsides market experts as bestselling artist of 2022

Artist from Abidjan, Ivory Coast, sold 75 artworks in auction, topping Damien Hirst’s 73

The Guardian - UK

More women on UK boards but number of female bosses flatlines

Proportion of women on boards of 585 FTSE all-share listed companies rises from 36% to 40%, data shows

The Guardian - UK

UK students pledge ‘career boycott’ of insurers over fossil fuels

Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’

Evening Standard

Hiscox profits slump as investments take a hit but insurer sounds positive on 2023

City veteran Robert Childs to step down as chairman after 37 years with the Lloyd’s of London firm

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Daily Mirror

Insurers accused of re-writing lockdown history after refusing payouts

Firms find that business interruption cover proved worthless despite being forced to close during the pandemic

Tribune News Service

Cyberattacks a top concern across all business sizes, economic uncertainty a close second, new survey shows

Cyberattacks are now so common that the majority of businesses responding to a new survey not only viewed them as their top concern but a majority saw a future attack on their organization as inevitable.

Evening Standard

Hiscox shares slide on half year profits dip as RSA back in black

London-listed insurer revealed $107 million pre-tax loss causing stock hit

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