Arthur J. Gallagher & Co.’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Ltd. (ICSR). Terms of the transaction were not disclosed. ICSR provides consulting and support services on compliance, governance, risk …
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The European Union imposed sanctions on Russia’s state-owned and top tanker …
Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship monitoring services. …
Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air bags when the seat is occupied. The recall covers 271,000 2021-2024 model year Atlas and …
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter 2007. Translating to an aggregate underwriting profit of …
Britain’s markets regulator will publish an update in autumn into how companies are detecting and dealing with sexual harassment, bullying and other non-financial misconduct, a senior official said on Wednesday. Steve Smart, the joint head of enforcement at the Financial …
The regulation that sets up the European Union’s new agency to combat money laundering went into force on Wednesday, and the authority already has its first job posting: the position of chair. Candidates have until July 8 to apply to …
Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the company. Hartigan, who took the position in …
The Kentucky Department of Insurance has a new vendor on continuing education and prelicensing services: PSI Services. Prometric, the previous vendor, is no longer accepting education course and instructor reviews, the DOI said in a bulletin. Providers should now submit …
Verizon Wireless has agreed to pay a $1 million penalty levied by the Federal Communications Commission after a 2022 service outage left people across the Southeast unable to call 911. “Today’s action is part of the FCC’s ongoing effort to …
