S&P Upgrades Lloyd’s Financial Strength Rating to AA- December 15, 2023 S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook...
Here’s What’s Next for the EU’s Landmark Artificial Intelligence Act December 15, 2023 By Supantha Mukherjee, Martin Coulter and Foo Yun Chee European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for...
UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report December 15, 2023 By Margi Murphy The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill...
Some UK Financial Services Firms Keep Flexible Working to Boost Women in Workforce December 15, 2023 By Olivia Konotey-Ahulu As firms across the City of London consider clamping down on working from home, Schroders Plc is sticking to its...
Maersk Tankers’ Fleet of Fuel Carriers Could Opt to Avoid Red Sea as Attacks Escalate December 15, 2023 By Alaric Nightingale Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an...
Parent of Key SiriusPoint Shareholder Goes Into Receivership; Ratings Impact Neutral December 14, 2023 By L.S. Howard SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken...
Markel International Launches Specialty Division, Led by 2 Hires From Brit December 14, 2023 Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will...
Howden Acquires Denmark’s NORTH Risk December 14, 2023 Howden, the London-based insurance group, announced an agreement to acquire Denmark’s fourth largest insurance intermediary NORTH Risk, thereby establishing a...
Range Rovers Become Thief-Magnets, Causing Insurance Premiums to Skyrocket December 14, 2023 By Jamie Nimmo Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted...
AXIS Gets In-Principle Approval to Launch Energy Resilience Syndicate at Lloyd’s December 14, 2023 AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on...