US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden June 10, 2024 By Lisa Baertlein Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as...
Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions June 10, 2024 By Julian Lee The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another...
Global Reinsurance Sector Outlook Revised to Positive on Robust Profits, Tighter T&Cs June 10, 2024 The market segment outlook for the global reinsurance segment has been revised to positive from stable after the sector saw...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse June 10, 2024 By Luc Cohen A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked...
Person With Bird Flu Dies in Mexico: WHO June 10, 2024 By Julie Steenhuysen and Adriana Barrera A person with prior health complications who had contracted bird flu died in Mexico in April and the source of...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 7, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line June 7, 2024 Nirvana, the London-based managing general agent and Lloyd’s coverholder, announced the renewal of its Media/Technology Errors & Omissions and Cyber...
People Moves: Ascot Underwriting Names Thompson as CEO, Keith Named Head of Ascot Bermuda; Geneva Assn. Appoints AIA’s Top Executive as Chair June 7, 2024 This edition of International People Moves details appointments at Ascot Underwriting Ltd. and Ascot Bermuda, along with The Geneva Association....
Amazon Accused of Misusing Small Sellers’ Data in $1.3 Billion UK Lawsuit June 7, 2024 Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused...
Russian Hackers Claim Cyberattack on Spanish Defense Company June 7, 2024 Santa Barbara Systems, a General Dynamics subsidiary in Spain that is refurbishing Leopard tanks for delivery to Ukraine, suffered a...