Legacy Acquirer DARAG Completes Portfolio Transfer with Germany’s SOVAG December 20, 2019 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has closed the portfolio transfer with German re/insurer SCHWARZMEER UND OSTSEE...
Deadly Danish Train Accident Caused by Improperly Secured Trailer: Report December 20, 2019 Danish authorities say a deadly accident in which a high-speed passenger train struck a semi-trailer that fell off a freight...
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey December 20, 2019 Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney December 20, 2019 By David Goodman and Jessica Shankleman Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review December 19, 2019 By L.S. Howard MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its...
Airlines Liable for Hot Drink Burns During Flights, EU Court Rules December 19, 2019 By Stephanie Bodoni Airlines are liable for a hot drink accidentally spilled and hurting a passenger, the European Union’s top court said in...
S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB December 19, 2019 Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global...
Heatwave Gripping Australia Exacerbates Devastating Bushfires December 19, 2019 By Jason Scott Australia’s most-populous state has declared an emergency as a heatwave that’s produced the hottest day on record exacerbates devastating bushfires....
Chinese Hacking Group Resumes Global Attacks on Companies, Agencies December 19, 2019 By Ryan Gallagher A Chinese government-linked hacking group that was thought to be dormant has been quietly targeting companies and government agencies for...
Alibaba Unveils Management Changes Including CEO for Ant Financial December 19, 2019 By Zheping Huang and Jun Luo Alibaba Group Holdings Ltd. and finance affiliate Ant Financial unveiled a series of management changes, including a new chief executive...