Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians March 26, 2024 Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for...
US, UK Accuse China of Cyberespionage That Hit Millions of People March 26, 2024 By James Pearson, Raphael Satter and Christopher Bing U.S. and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly...
People Moves: BMS Hires Howden’s Spraggs, Austwick and Woolcott for FinPro Division; Newline Opens Sydney Office, Hiring Beswick as Head of Professional Indemnity March 25, 2024 This edition of International People Moves details appointments at the broker BMS Group and the re/insurer Newline Group. A summary...
Russia’s Oil Is Finally Getting Snarled by Sanctions March 25, 2024 By Rakesh Sharma, Grant Smith and Julian Lee The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil...
Markets/Coverages: Marsh Creates Cyber Group Captive for Clients Seeking More Stability in Insurance Programs March 25, 2024 Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the creation of Edgware Re Ltd., a...
Ageas Says It Won’t Make Third Offer for Direct Line Insurance March 25, 2024 By Michael J.Moore Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were...
Hong Kong Reports Its Highest March Temperature in 140 Years March 25, 2024 By Bei Hu Hong Kong’s temperature on Sunday reached the highest recorded level during the month of March in 140 years, according to...
North Korean Hackers Stalk Crypto Startups Scrimping on Security March 25, 2024 By Anna Irrera and Olga Kharif It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out...
China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case March 22, 2024 By Bloomberg News Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused...
Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted March 22, 2024 By Sam Dagher and Mohammed Hatem The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden...