People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO; Howden Re Taps Aon’s Kroely as MD for Continental Europe December 3, 2024 This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires...
UK Business Activity Set to Shrink in Wake of Budget, CBI Says December 3, 2024 Business activity in the UK is on course to shrink for the first time in more than two years as...
Italy to Require Companies Buy Insurance for Climate Risks December 3, 2024 By Gautam Naik Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural...
Rising Sick Days Are Costing Europe Billions Every Year December 3, 2024 By Ott Ummelas Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences...
British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says December 2, 2024 The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of...
Arthur J. Gallagher & Co. Acquires UK-Based Caytons Law December 2, 2024 Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based...
China’s ByteDance Seeks $1.1M in Damages From Ex-Intern in AI Breach Case: Report December 2, 2024 China’s ByteDance is suing a former intern for $1.1 million, alleging he deliberately attacked its artificial intelligence large language model...
International Court Begins Hearings That May Shape Global Climate Litigation December 2, 2024 By Stephanie van den Berg The United Nations’ top court [this] week begins hearings on the legal obligation of countries to fight climate change and...
Private Equity Tie-Ups With Insurers Create Risks, BOE Says December 2, 2024 By Greg Ritchie, Laura Noonan and Leonard Kehnscherper Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets,...
Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods December 2, 2024 Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able...