Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks April 15, 2021 Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks...
Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate April 15, 2021 Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator...
EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior April 15, 2021 By Natalia Drozdiak The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior,...
Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid) April 14, 2021 CAIRO – The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute...
Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers) April 14, 2021 Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit...
EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal April 14, 2021 BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion...
Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters April 14, 2021 By Olga Tanas and Dina Khrennikova The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to...
7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects April 14, 2021 Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel...
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources April 14, 2021 By Foo Yun Chee BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance...
Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years April 14, 2021 PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and...