Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion June 15, 2023 By Jan-Henrik Förster, Aaron Kirchfeld and Sonia Sirletti Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for...
Legal & General Hires Santander’s Simoes as CEO June 15, 2023 British insurer Legal & General has hired Banco Santander’s António Simões as its new CEO, it said on Thursday, replacing...
Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector June 15, 2023 By Nora Buli, Nina Chestney and Christoph Steitz Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They...
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks June 15, 2023 By Olivia Solon A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan June 14, 2023 By Manuel Baigorri Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty...
London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims June 14, 2023 By Maya Gebeily A London court has ordered a British-registered company to pay more than 800,000 pounds ($1 million) in damages to victims...
North Korean Hackers Stole $100 Million in Recent Cryptocurrency Heist: Analysts June 14, 2023 By Raphael Satter North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen June 14, 2023 By Samy Magdy The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode June 14, 2023 An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime...