North American companies ordered about a third fewer robots last year as worries about a slowing economy and higher interest rates made it harder to justify buying the advanced machines, the first hiccup in five years in what has been …
SAVANNAH, Ga. (AP) — A company’s plan to mine minerals near the edge of the Okefenokee Swamp and its federally protected wildlife refuge neared final approval Friday as Georgia regulators released draft permits for the project, which opponents say could …
Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck Cargo and Logistics Services Insurance,” the product targets SME enterprises and will provide …
PoloWorks announced the launch of Polo Insurance Managers (PIM) after the Guernsey Financial Services Commission granted “approval in principle.” PIM will be one of the few independent insurance managers active in Europe and will serve captive, commercial and ILS clients …
Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication agency providing consulting services and digital solutions to enhance …
Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller’s report was “false and misleading.” The detailed counter comes days after the company’s brief initial response to the report …
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership. SiriusPoint will support Ryan Specialty Nordics as it offers insurance coverage for onshore windfarms, primarily in …
A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have …
Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik has been subject to repeated seismic activity since …
Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop on Monday, calling its new Skoosherz plush toy line “knockoffs” that infringed its intellectual property rights. Not to be outdone, …
