Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract April 18, 2023 Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
Pro MGA Global Solutions Announces Incubation Partnership With MGA Nirvana April 18, 2023 Pro MGA Global Solutions, the independent managing general agent (MGA) incubator, announced its incubation partnership with specialty MGA Nirvana. Nirvana...
Climate Activists Sue EU for Labeling Gas and Nuclear Investments as ‘Green’ April 18, 2023 By Kate Abnett Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European...
People Moves: WTW Names Doddington N.A. Proposition Leader; HUB Adds to Private Client Leadership Team April 18, 2023 By Jahna Jacobson WTW Names Doddington North America Proposition Leader WTW has appointed Laura Doddington as North America proposition leader – pricing, product,...
Nine More States Join Federal Lawsuit Against Google Over Ad Tech April 18, 2023 By Diane Bartz Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the...
Supply Chain Hack in Japan Provides Warning for Businesses Across the Globe April 18, 2023 By Jamie Tarabay, Min Jeong Lee and Takahiko Hyuga Kojima Industries Corp. is a small company and little-known outside Japan, where it produces cup holders, USB sockets and door...
Japanese Insurer’s Plan to Sell Foreign Debt Flashes Market Warning April 18, 2023 By Yumi Teso and Masahiro Hidaka A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may...
FTX Celebrity Promoters Say Crypto Investors Cannot Sue Over Accounts April 18, 2023 By Jody Godoy Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in...
Church Tried to Exclude Named Storms, But Appeals Court Says Coverage Due Anyway April 18, 2023 By Jim Sams In 2015, the Shilo Christian Center in Melbourne, Florida, cut its property insurance premiums in half by asking its insurer...