India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources September 30, 2022 By M. Sriram and Aditya Kalra India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company...
Storm Noru Brings Floods to Thailand, Forcing 5,000 People to Seek Shelter September 30, 2022 By Tassanee Vejpongsa Water up to waist-high flooded some riverfront neighborhoods and other areas of Thailand on Thursday after a tropical depression dumped...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance September 30, 2022 Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X...
Arthur J. Gallagher to Acquire M&T Bank’s Insurance Agency of Buffalo September 30, 2022 Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA),...
Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates September 30, 2022 Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by...
Australian Police Aim to Protect 10,000 Optus Customers After Cyber Attack September 30, 2022 Australian authorities said on Friday they have commenced an operation to protect the personal information of 10,000 people whose data...
Hospitals, Utilities Face Highest Exposure to Risk of Cyber Attacks: Moody’s September 30, 2022 Around $22 trillion of global debt rated by Moody’s has a “high” or “very high” exposure to the risk of...
Florida Hospital Gets Hit from Above and Below in Hurricane September 30, 2022 Hurricane Ian swamped a Florida hospital from both above and below, the storm surge flooding its lower level emergency room...
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders September 30, 2022 By Max Reyes Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to...
TotalEnergies Reports Unusual Drone Activity Near North Sea Oil & Gas Field September 30, 2022 By Christian Wienberg and Francois de Beaupuy TotalEnergies SE said it spotted an aerial drone close to an oil field in the Danish North Sea, intensifying concerns...