BMS, the London-based specialist insurance and reinsurance broker, has completed its majority stake acquisition of Berns Brett Masaood (BBM), a leading UAE insurance broker established in 2007 and headquartered in Abu Dhabi and Dubai. Financial details of the transaction, first …
Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. Financial details of the deal were not disclosed. This acquisition reflects Howden’s ambition to enhance its presence in the Nordic region, by investing …
Russian hackers were inside Ukrainian telecoms giant Kyivstar’s system from at least May last year in a cyberattack that should serve as a “big warning” to the West, Ukraine’s cyber spy chief told Reuters. The hack, one of the most …
Insurance giant Allianz SE is looking to replace the biggest bond remaining under Europe’s old regulatory regime as it taps the market for new issues early on this year. The Munich-based insurer priced a new €1 billion junior note on …
Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week. All 379 people on …
Rocket and satellite maker SpaceX on Wednesday was accused by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “distraction and embarrassment.” A regional official with the National Labor …
The head of a Tampa-area labor supplier has been sentenced to 12 months in prison after she pleaded guilty to defrauding the IRS and workers’ compensation insurers out of millions of dollars. A federal judge in Tampa last week ordered …
Ahead of Florida’s 2024 legislative session that begins Jan. 9, at least a dozen bills have been filed that could have an impact on the state’s insureds and insurers. It’s a sign that lawmakers are under renewed pressure to take …
The federal circuit appeals court for the District of Columbia (D.C.) has asked D.C’s highest court for guidance on the standard of negligence in a case involving a noticeably intoxicated man who died after falling from a train platform into …
This post is part of a series sponsored by AgentSync. Once upon a time, in Michigan… A licensed life insurance agent went door-to-door, posing as a Department of Insurance and Financial Services (DIFS) employee. According to consumer complaints that the …
