Dutch Court Finds Facebook Misused Data in Class Action Lawsuit March 16, 2023 A Dutch court hearing a class action lawsuit on Wednesday found that a European subsidiary of Meta, Facebook Ireland, improperly...
Update: Credit Suisse’s String of Crises: Spies, Money Laundering, Takeover March 16, 2023 Switzerland’s UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock in a...
Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse March 16, 2023 Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental...
Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks March 16, 2023 By Mehr Bedi Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a...
Update: Credit Suisse Secures $54 Billion Lifeline to Shore Up Investor Confidence March 16, 2023 By John Revill and Amanda Cooper Credit Suisse shares jumped around 18% on Thursday after the company secured a lifeline from the Swiss central bank to...
Arthur J. Gallagher & Co. Buys UK Broker FE Protect March 15, 2023 Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of...
Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected March 15, 2023 By L.S. Howard The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion...
China’s Ping An Insurance Reports 17.6% Drop in 2022 Profit March 15, 2023 Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, reported a 17.6% drop in its...
Howden Acquires Liechtenstein-Based Broker March 15, 2023 Howden, the London-based insurance broker, announced the acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein. BWV is a market-leading independent...
UK Builders Face Ban Unless They Commit to Repairing Unsafe Cladding March 15, 2023 By Marion Dakers Eleven property developers could be barred from the industry unless they sign a UK government contract to repair unsafe cladding...