UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions December 18, 2024 By Upmanyu Trivedi and Archie Hunter The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet”...
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast December 18, 2024 By Vladimir Soldatkin Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly...
EU Privacy Regulator Fines Meta €251 Million for 2018 Breach December 18, 2024 The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on...
Ardonagh Reaches $14 Billion Valuation With Stone Point Investment December 18, 2024 By Leonard Kehnscherper Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to...
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...