ECB Steps Up Scrutiny of European Banks’ AI Industry Exposure February 23, 2026 By Esteban Duarte, Jorge Zuloaga, Claudia Cohen and Ronan Martin The European Central Bank is delving into the risks faced by banks in the region from the artificial intelligence industry,...
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal February 23, 2026 Sompo Holdings Inc. announced it has received the necessary antitrust and insurance regulatory approvals required to complete its previously announced...
Danone Sees Up to €70 Million Hit From Baby Formula Recalls February 23, 2026 By Jillian Deutsch Danone SA gave its first estimate of the potential cost of the recent recalls of infant formula over a contamination...
Carmakers Push Toward ‘Eyes-Off’ Driving, Raising Questions of Safety, Liability February 23, 2026 By Nora Eckert and Abhirup Roy Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take...
Swiss Re Corporate Solutions to Buy QBE’s Global Trade Credit and Surety Business February 23, 2026 Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade...
UAE Says It Foiled Wave of AI-Backed Cyberattacks on Vital Sectors February 23, 2026 By Sara Gharaibeh The United Arab Emirates said it thwarted a series of AI-backed cyberattacks and warned of a “qualitative shift” in the...
Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing; Arch Insurance Int’l Promotes Hope, Mani to Key Underwriting Roles in D&O and FI February 20, 2026 This edition of International People Moves details appointments at Aon plc and Arch Insurance International. A summary of these new...
TotalEnergies Asked to End Oil and Gas Exploration in Paris Lawsuit February 20, 2026 By Gaspard Sebag TotalEnergies SE is fighting a lawsuit in Paris that seeks to block one of Europe’s top oil and gas producers...
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’ February 20, 2026 By Gautam Naik The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate...
Climate Change Made Deadly Valencia Floods More Intense February 20, 2026 By Laura Millan Man-made climate change intensified the rain that fell over Spain’s Valencia region in 2024, when flash floods and landslides caused...