Lloyd’s Reports Combined Ratio of 92.5% on Drop in H1 Underwriting Result September 4, 2025 By L.S. Howard Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1...
OAK Global Launches Retro Syndicate at Lloyd’s September 4, 2025 OAK Global is launching a new strategic business unit, OAK Enterprise, which will be focused on underwriting retrocession business with...
Spain and Portugal Fires Were More Intense Because of Climate Change: Research September 4, 2025 By Laura Millan Climate change made the extreme weather conditions that fueled the wildfires in Portugal and Spain about 40 times more likely...
European Private Credit Market to Catch Up With US, Moody’s Says September 4, 2025 By Ellen Schneider The European private credit market is gaining ground on the US, according to a report from Moody’s Ratings. Over the...
EU Regulator Flags Surge in Online Sales of Counterfeit Weight-Loss Drugs September 4, 2025 The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and...
Korea Slaps Hefty Fine on SK Telecom for Years of Negligence September 4, 2025 By Jane Lanhee Lee and Yoolim Lee South Korea’s largest mobile operator was hit with a fine and stern criticism from the country’s privacy regulator after a...
Goldman Sachs Fights £9 Million Claim From Manager Who Won Paternity Leave Suit September 4, 2025 By Upmanyu Trivedi Goldman Sachs Group Inc. is fighting an £8.9 million ($11.9 million) claim from a former compliance manager who won a...
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition September 3, 2025 By L.S. Howard Fitch Ratings has revised its outlook for the global reinsurance sector to “deteriorating” for 2026 from “neutral” for 2025, reflecting...
Markets/Coverages: Marsh Extends Nimbus Data Center Facility to US Projects September 3, 2025 Marsh, a business of Marsh McLennan, announced the extension of its Nimbus insurance facility for the construction of large-scale data...
Google Adtech Fine on Hold as EU Awaits Lower US Car Duties, Sources Say September 3, 2025 By Foo Yun Chee EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the United States to cut...