Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe March 28, 2023 AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe,...
North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank March 28, 2023 North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley...
Geico Faces Class Action for Allegedly Underpaying Auto Claims March 28, 2023 By Andrew G. Simpson Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds...
TikTok Represents ‘Strategic’ Challenge, Says Top Cyber Official March 28, 2023 By Stephen Nellis The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than...
Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses March 28, 2023 UK insurer RSA announced it is exiting the UK personal lines motor market to focus on its core lines. The...
InsureTrust Names Levy EVP March 28, 2023 Atlanta-based InsureTrust, a cyber insurance specialty broker, has named Florence Levy executive vice president. InsureTrust, part of Starwind Specialty, said...
UK MGA Aqueous Secures Capacity From Allianz, Setting Sights on Commercial SMEs March 28, 2023 Aqueous Underwriting has secured major new capacity following the signing of an initial three-year deal with insurer Allianz Insurance. The...
Alphabet Seeks Dismissal of Antitrust Lawsuit Over Google’s Online Ads March 28, 2023 By Diane Bartz Google parent Alphabet asked a U.S. federal judge on Monday to dismiss a Justice Department lawsuit alleging that the search...
Russia Has Successfully Rerouted Oil Exports Hit by Western Embargo: Energy Minister March 28, 2023 By Vladimir Soldatkin Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister...
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses March 28, 2023 By Nabila Ahmed and Carmeli Argana Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent...