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MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above

Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and downstream energy risks. With exclusive Lloyd’s and London-market sourced capacity, Pixel …

Many Ethnic Minorities in UK Financial Services Face Racism, Discrimination: Survey

The UK may be more ethnically and racially diverse than ever, but minorities working in the financial services industry continue to face discrimination, according to a new study. About 70% of ethnic minorities working in finance have experienced discrimination at …

Ardonagh Advisory Acquires UK Broker The Professional Indemnity Co.

Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired The Professional Broking Group Ltd., which trades as The Professional Indemnity Co. Financial details of the deal were not disclosed. Based in Chester, England, and established …

Here’s What You Need to Know About Russia Oil Sanctions, Effective Dec. 5

After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain. The Group of Seven clinched a last-minute deal to cap the price …

Lapsus$ Hacking Group Will Be Focus of DHS Cyber Review Board

The Department of Homeland Security’s Cyber Safety Review Board said it will study the Lapsus$ hacking group, which has been accused of carrying out breaches at major US companies this year. The board, comprised of senior government cyber officials and …

Uvalde Shooting Victims Seek $27B, Class Action in Lawsuit

Victims of the Uvalde school shooting that left 21 people dead have filed a lawsuit against local and state police, the city and other school and law enforcement officials seeking $27 billion due to delays in confronting the attacker, court …

Update: Pickleball Explosion in Florida Creating New Hits and Misses for Insurers, Agents

If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms, video training and other amenities are planned or …

Despite Some Progress, Feral Hogs Cause $2.5B in Damage Per Year, Mostly in South

Eight years into a U.S. program to control damage from feral pigs, the invasive animals with big appetites and snouts that uproot anything that smells good are still a multibillion-dollar plague on farmers, wildlife and the environment. These prolific hogs …

Gunmaker Sig Sauer Faces Suit by Police, Veterans, Others Vowing Gun Goes Off by Itself

Police and federal law enforcement officers are among 20 people from multiple states saying they were wounded by a popular type of Sig Sauer pistol, the latest lawsuit alleging that the gun is susceptible to going off without the trigger …

Innocent Man Freed After 25 Years in Jail to Receive $18M for Wrongful Conviction

A man who was freed in 2015 after spending a quarter-century in prison for an infamous tourist killing will receive nearly $18 million in legal settlements from the city and state of New York, his attorneys confirmed Friday. Lawyers for …

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