Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks July 8, 2025 Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures...
India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill July 8, 2025 By Arpan Chaturvedi India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of...
Mexico Criminals Rob Truck Full of Gold, Silver Concentrate July 8, 2025 By Scott Squires Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the...
Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals July 8, 2025 By L.S. Howard Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed...
Apple Takes Fight Against $587 Million EU Antitrust Fine to Court July 8, 2025 By Foo Yun Chee Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million...
Commercial Ship Under Continuous Houthi Attack in Red Sea July 8, 2025 By Mohammed Hatem, Sherif Tarek and Erik Olsson Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on...
Wildfire Smoke Brings a Forgotten Danger to the Arctic: Black Carbon July 8, 2025 By Danielle Bochove In 2023, the Canada wildfires that incinerated more than 17 million hectares (42 million acres) of boreal forest were so...
Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop July 7, 2025 By Sangmi Cha Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial...
CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group July 7, 2025 CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency...
Business Moves: Insurtech Wefox Raises €151M to Build New MGA Focus, Core Markets July 7, 2025 By L.S. Howard Insurtech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market...