Update: Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B July 29, 2024 By L.S. Howard Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Aspen Promotes Dunleavy to Group President, Succeeding Coleman July 29, 2024 Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive...
Update: French Internet Cables Severed in Latest Attack During Olympics July 29, 2024 By Benoit Berthelot and Jillian Deutsch A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the...
Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says July 29, 2024 JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest...
Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack July 29, 2024 By Lisa Barrington Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political...
Texas Earthquakes Prompt Oil Regulator to Inspect Disposal Wells July 29, 2024 By David Wethe The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week. Extremely salty water that...
ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks July 29, 2024 Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running...
BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion July 29, 2024 BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P)...