Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry May 29, 2024 By Susanne Sclafane The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh...
People Moves: Ryan Hired to Head Hyperexponential US P/C; Carnes Named Nationwide’s Chief Pet Officer May 29, 2024 Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo...
Hacking Group Claims It Stole Client Data From Christie’s May 29, 2024 By James Tarmy and Jake Bleiberg After a cyberattack on Christie’s auction house earlier this month, a hacker group called RansomHub claimed responsibility. In a post...
Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s May 29, 2024 Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in...
Update: Greek-Owned Ship Takes on Water After Being Hit by Missiles in Red Sea May 29, 2024 By Verity Ratcliffe A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
Top Insurer to Leave Colombia’s Public Health System Amid Petro Squeeze May 29, 2024 By Andrea Jaramillo and Oscar Medina One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in...
Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel May 29, 2024 By Jonathan Saul The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel...
Bayer Fights for Survival as Roundup Lawsuits Burn Cash May 29, 2024 By Kim Chipman and Tarso Veloso Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat...
Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed May 29, 2024 By Rachel Graf Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a...