Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal May 8, 2025 Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s,...
Chairman of South Korea’s SK Group Apologizes for Massive Data Leak at SK Telecom May 8, 2025 SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK...
UK Cyber Security Chief Names China as Dominant Hacking Threat May 8, 2025 By Alex Wickham The UK has named China as the dominant threat to national cybersecurity after a series of hacks and breaches involving...
EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers May 8, 2025 By Alberto Nardelli and Andrea Palasciano The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil...
Britain to Face More Cyberattacks as AI Adoption Grows, Minister Says May 7, 2025 The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on...
Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting May 7, 2025 By Abhijith Ganapavaram, Ben Blanchard and Ariba Shahid Airlines including United Airlines and Korean Air re-routed or canceled flights and about a dozen Indian airports were shut on...
Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance May 7, 2025 Chaucer Group, the specialty re/insurer, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla...
Business Moves: Gallagher Acquires Turkish Re/Insurance Broker Aspera May 7, 2025 Gallagher announced it has acquired Turkey-based Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera). Terms of the transaction were not disclosed....
Copper Cable Theft in Spain Delays Thousands of High-Speed Rail Passengers May 7, 2025 Thousands of rail passengers in Spain were hit with delays after copper cables used in the signaling system of a...
People Moves: Aon Promotes Lyons to Bermuda CEO of Reinsurance; BHSI Appoints Munden to Lead New UK Programs Business May 6, 2025 Aon Promotes Lyons to Bermuda CEO of Reinsurance Insurance broker Aon plc announced that Amanda Lyons had been appointed CEO...