Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey November 27, 2024 Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research...
People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment November 27, 2024 This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re. A summary of these new...
Aon to Purchase In-House Insurance Agency of Mitsubishi Chemical Group in Japan November 27, 2024 Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi...
Everest Launches Italian Insurance Business November 27, 2024 Everest announced its expansion into the Italian market, following regulatory approval to operate in Italy, trading as Everest Insurance (Ireland)...
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case November 27, 2024 By Hugo Miller and Levin Stamm Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a...
China State Media Warn Trump Against Mutually Destructive Tariff War November 27, 2024 By Joe Cash China’s state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows...
Prince Harry’s Phone-Hacking Lawsuit Against Daily Mail to Go to Trial in 2026 November 27, 2024 By Sam Tobin Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in...
People Moves: HUB Int’l Names Dutton President of HUB Canada West; Von Mesterhazy Appointed Managing Director of Allianz UK Specialty, as O’Keeffe Retires November 26, 2024 This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new...
EU Seeks to Streamline ESG Regulations Amid Growing Backlash November 26, 2024 By Frances Schwartzkopff The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds...
Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January November 26, 2024 Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting...