Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re January 17, 2024 Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by...
Shell’s Appeal of Landmark Climate Ruling to Begin in April January 17, 2024 By Laura Hurst and Diederik Baazil Shell Plc’s appeal against a landmark ruling that ordered the oil and gas giant to cut its carbon emissions by...
Hezbollah, Russia-Linked Hackers Step Up Cyberattacks on Israel: Cybersecurity Firm January 17, 2024 By Cagan Koc and Marissa Newman The Iran-backed Hezbollah militant group in Lebanon and Russia-linked hackers have stepped up cyberattacks against Israel since the war with...
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage January 17, 2024 By Alex Longley and Áine Quinn Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz January 17, 2024 Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024,...
Red Sea War Risk Insurance Rises With More Ships in Firing Line January 16, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
Gallagher Re Acquires Toronto-Basded Broker MGB Re January 16, 2024 Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). Terms...
Brown & Brown’s Bridge Specialty International to Buy Singapore-Based Broker Acorn January 16, 2024 Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, announced it has agreed to acquire Acorn International...
Daihatsu Loses Certification for Three Cars After Safety Scandal January 16, 2024 By Nicholas Takahashi The Japanese government has revoked certification for three Daihatsu Motor Co. vehicles after an investigation found the Toyota Motor Corp....
Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill January 16, 2024 By Marcelo Rochabrun Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its...