Update: Bank Shares Rise After Credit Suisse Rescue Eases Crisis March 20, 2023 By Amanda Cooper, Tom Westbrook and John Revill U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car March 20, 2023 By Nick Carey, Paul Lienert and Sarah McFarlane For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing...
London Market Insurers Publish Guidelines for Marine Casualty Claims March 17, 2023 New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of...
Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses March 17, 2023 Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc. at a...
IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo March 17, 2023 International General Insurance Holdings Ltd. announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS...
Specialist Insurer Hiscox Launches Underwriting Academy in UK March 17, 2023 Specialist insurer Hiscox UK has officially launched its underwriting academy following a successful pilot in Q4 2022. The Hiscox Underwriting...
Microsoft Warns Russian Hackers May Plan More Attacks, Inside and Outside of Ukraine March 17, 2023 By Agatha Cantrill Microsoft Corp. warned an infamous hacking group that is tied to Russia’s military intelligence agency GRU could be gearing up...
UK Bans Chinese-Owned TikTok on Government Phones on Security Concerns March 17, 2023 By Muvija M and Kylie MacLellan Britain said on Thursday it would ban TikTok on government phones with immediate effect, a move that follows other Western...
People Moves: Gallagher Promotes Kent to Lead Global Insurance Strategic Relationships; Wakefield Named CEO of Gallagher Re March 16, 2023 Gallagher, the insurance brokerage, risk management and consulting services firm, announced that James Kent, currently global CEO of Gallagher Re,...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead March 16, 2023 By Robert Burnson Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after...