Marks & Spencer Says Cyberattack to Cost £300 Million May 21, 2025 By Katie Linsell Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from...
Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks May 21, 2025 By Celia Bergin The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as...
Ryan Specialty Acquires Irish MGU 360° Underwriting May 20, 2025 Ryan Specialty, the Chicago-based international specialty insurance firm, announce that it has acquired 360° Underwriting (360), a managing general underwriter...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings May 20, 2025 By Nao Sano Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in...
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million May 20, 2025 Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million)...
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil May 20, 2025 By Jan Strupczewski The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on...
Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives May 20, 2025 Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex...
M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage May 19, 2025 By James Davey and Sarah Young A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore...
UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data May 19, 2025 By Ryan Gallagher Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the...