Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure March 10, 2025 Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc.,...
Brazil Insurer Caixa Seguridade Files for Secondary Share Offering March 10, 2025 Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will...
Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash March 10, 2025 By Noele Illien Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger...
Cyclone Alfred Weakens to Tropical Low, Sparing Any Major Damage March 10, 2025 By Jason Scott and Ben Westcott Ex-Tropical Cyclone Alfred weakened to a tropical low and was still lingering off the coast of Brisbane on Saturday afternoon,...
Cascading Extreme Weather Events Unleash Billions in Damages Globally March 10, 2025 By Brian K. Sullivan, Mary Hui and Joe Wertz First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South...
UK Court Blocks Class Action Lawsuit Against Water Companies Over Sewage Leaks March 7, 2025 By Upmanyu Trivedi A UK court blocked a class action lawsuit over allegations of the under reporting of sewage leaks by six water...
Canada Court Approves $23 Billion Settlement to End Big Tobacco Lawsuits March 7, 2025 A Canadian court approved a plan to settle long-running tobacco lawsuits in the country as part of which the units...
Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates March 7, 2025 Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted...
Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid March 7, 2025 By Jorge Zuloaga and Noele Illien Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an...
People Moves: Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice; Acrisure Re Corporate Advisory & Solutions Appoints 4 Senior Hires March 7, 2025 This edition of International People Moves details appointments at the brokers Miller and Acrisure Re. A summary of these new...