The UK Supreme Court will on Friday hand down a judgment in a test case pitting the country’s markets regulator against insurers over how business interruption policies were dealt with during the coronavirus pandemic, it said on Tuesday. The result …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close following regulatory approval. Financial details of the …
While the mile-long lines of trucks have dissipated at ports, UK businesses are waking up to less visible forms of friction at the border with the European Union that may cause more enduring damage. From health certificates to new taxes …
The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators at Moscow-based cyber security firm Kaspersky said the “backdoor” used …
Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million (US$3.2 million) target. Gravitas Securities Inc. led the financing which resulted …
New Dawn Risk, the international specialist insurance intermediary, announced the launch of a new division focused on the UK market. It will provide liability and specialty solutions direct to insurance buyers, as well as partner with UK regional brokers looking …
SYDNEY/JAKARTA – Indonesia’s poor air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into the Java Sea minutes after take-off on Saturday, marking the country’s third major airline crash in just over …
COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a financial body said Thursday. Seven people were killed and …
Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money services business, for significant breaches of anti money laundering regulations. Her Majesty’s Revenue and Customs (HMRC) said on Thursday it …
Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close to climate tipping points. Those are the conclusions published Friday by European Union scientists. Despite pandemic-induced lockdowns of the global …
