Peak Re Granted License to Open Reinsurance Branch in India April 4, 2025 Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak...
People Moves: The Hanover Creates COO Position, Names Lavey to the Job April 4, 2025 The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty...
Markets/Coverages: Travelers Adds Enhanced Services for Cyber Liability; Willis AdWrap for Marketing and Ad Production April 4, 2025 The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to...
Leaked Files Raise Fears About Shell Oil Production Fleet, Years After Devastating Spill April 4, 2025 By Ed Davey Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from...
UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds April 4, 2025 By Nell Mackenzie Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK...
Hackers Target Australia’s Largest Pension Funds in Coordinated Attacks April 4, 2025 By Christine Chen Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the...
Generali Won’t Fight Italy Government Over Natixis Deal, CEO Tells Paper April 4, 2025 By Gianluca Semeraro, Giuseppe Fonte and Valentina Za Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens...
SCOR Placed Under Court Examination for Allegations Against Former Chair Kessler April 4, 2025 French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged...
Dallas Fed Warns of Slowing Growth in Trade-Reliant Texas April 4, 2025 By Joe Lovinger Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration...
Microsoft Pulls Back on Data Centers From Chicago to Jakarta April 4, 2025 By Brody Ford, Dawn Lim, Olivia Solon and Faris Mokhtar Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look...