Meta Settles With Australia’s Privacy Watchdog Over Cambridge Analytica Lawsuit December 17, 2024 Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive...
ConnectUW Holdings Opens for Business at Lloyd’s December 17, 2024 ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s...
AXIS to Transfer $2.3B of Reinsurance Reserves to Enstar in Boost to Specialty Focus December 17, 2024 AXIS Capital Holdings Ltd. and Enstar Group Ltd. announced they have entered into a loss portfolio transfer (LPT) reinsurance agreement,...
People Moves: Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter; Chubb Promotes Latter to Lead Claims for Overseas General Insurance December 17, 2024 This edition of International People Moves details appointments at Arch Insurance and Chubb Overseas General. A summary of these new...
England Warns Nearly a Million More Properties Face Flood Risks December 17, 2024 By Jessica Shankleman Almost a million more properties in England are at risk of flooding than previously thought, raising concerns about a growing...
Baltic Sea Countries to Start Checking Insurance Status of Tankers Moving Russian Oil December 17, 2024 By Ewa Krukowska, Alberto Nardelli and Sanne Wass Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the...
People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insurance Taps Laazaouzi From CNA Hardy as Senior Casualty U/W in France December 16, 2024 This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance. A summary of these...
Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’ December 16, 2024 By Gleb Stolyarov Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers...
Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO December 16, 2024 By Noele Illien and Allegra Catelli Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving...
Disaster Insurance Set to Test Italy’s Business Backbone in 2025 December 16, 2024 By Alberto Chiumento and Andrea Mandala Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some...