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due diligence

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Deal or no deal? What happens when you’re breached during M&A transaction

April 3, 2023 by Alyssa DiSabatino

An M&A transaction can become even more complicated for both seller and buyer alike when a cyber breach occurs during the deal, experts at NetDiligence Cyber Risk Summit shared.  Due diligence and adequate representations and warranties (R&W) coverage during the

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsurance

What OSFI expects insurers to know about reinsurance

November 30, 2017 Jason Contant, Online Editor

While the Office of the Superintendent of Financial Institutions (OSFI) expects federally regulated insurers (FRIs) to comply with its guideline on reinsurance, it realizes that “this guidance was not always well-understood by the industry and [has] identified opportunities to clarify

News Technology

Use of technology could help to enhance compliance efforts: KPMG LLP report

March 14, 2017 by Canadian Underwriter

The majority of chief compliance officers (CCO) in the United States taking part in a KPMG LLP survey are struggling to integrate and automate compliance activities across their organizations. Six in 10 polled CCOs report “their company’s technology infrastructure has

News CatastrophesEarnings / RatingsInsuranceLegalLegislation / RegulationTechnology

Increased cyber espionage, data integrity attacks part of global threat landscape in 2017: Stroz Friedberg

January 5, 2017 by Canadian Underwriter

Top cyber threats in the coming year include nation state cyber espionage, a rise in data integrity attacks and more attacks harnessing Internet of Things (IoT) devices, Stroz Friedberg, an Aon company, notes in its 2017 Cybersecurity Predictions report. “We

News InsuranceLegislation / RegulationTechnology

Cognitive computing platform to help companies implement anti-bribery management system: OutsideIQ

October 17, 2016 by Canadian Underwriter

Outside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Business interruption due to breach top cyber risk concern for captive insurers: Aon

April 11, 2016 by Canadian Underwriter

The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to Aon Global Risk Consulting’s (AGRC) 2016 Captive Cyber Survey report, released on Monday. As Aon’s first cyber captive