Finland Says Damage to Gas Pipeline, Telecoms Cable Likely Result of Deliberate Act October 11, 2023 By Anne Kauranen and Terje Solsvik A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in...
Spanish Airline Air Europa Hit by Data Breach of Credit Card System October 11, 2023 Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers’ credit...
Oil Tanker Adrift in Indian Ocean Is Latest Reminder of Dangers of Shadow Fleet October 11, 2023 By Alaric Nightingale and Chandra Asmara A 26-year-old oil tanker that’s moving fuel for Russia drifted for two days in a busy shipping lane in the...
India Insurance Startup Raises Funds at $650 Million Valuation October 11, 2023 By Sankalp Phartiyal Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than...
Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe October 11, 2023 By Harry Robertson Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on...
People Moves: Gallagher Re Taps RenRe’s Allard as Head of Global Credit & Political Risk; Sompo Int’l Names Heads of Claims, Distribution & Client Relationship Mgmt October 10, 2023 This edition of International People Moves details appointments at Gallagher Re and Sompo International. A summary of these new hires...
Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility October 10, 2023 iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of...
Odey Asset Management to Shut Wealth Business in Wake of Sexual Assault Allegations Against Founder October 10, 2023 Odey Asset Management is closing its wealth business, the UK’s Financial Conduct Authority said, months after its founder Crispin Odey...
Hacked Philippine Health Insurer Didn’t Have Cyber Protection Software October 10, 2023 By Cliff Venzon and Ditas Lopez The Philippines’ state health insurer didn’t have cyber protection software when hackers attacked its computers, giving criminals access to the...
UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle October 10, 2023 By Katherine Griffiths and Joe Mayes Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services...