Monthly Archives: <span>September 2023</span>

Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs

Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its AI-rich data analytics and national security-grade threat intelligence, Measured’s CyberGuard …

Higginbotham Makes 2nd Florida Move with Stahl & Associates

Higginbotham has continued its expansion this year with another acquisition, this one of Stahl & Associates, one of the largest privately held commercial brokerages in Florida. Texas-based Higginbotham, which celebrated its 75th anniversary this year, has acquired a number of …

Rhode Island Bank to Pay $9M to Resolve Discriminatory Lending Allegations It Denies

A community bank in Rhode Island agreed to pay $9 million to resolve allegations that it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods, a U.S. attorney announced Wednesday. A complaint accused Washington Trust Company of failing to …

Youth vs Europe: ‘Unprecedented’ Climate Trial Unfolds at Human Rights Court

Six young people from areas in Portugal ravaged by wildfires and heatwaves went head-to-head with 32 European governments on Wednesday [Sept. 27], alleging in court that their failure to act fast enough on climate change is a violation of their …

Shadowy Russian Oil Trade Employs Fake Coordinates and Tanker Tricks

On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened. The …

People Moves: AIG Appoints Walsh as Executive Vice President and General Counsel

American International Group announced that Patricia (Trish) Walsh will join AIG as executive vice president and general counsel, effective Dec. 1, 2023. Walsh will report to Peter Zaffino, AIG chairman and chief executive officer, and serve on AIG’s Executive Leadership …

BMS Taps Former PartnerRe CEO Clarke as Chair, Completes Investment From Eurazeo

BMS Group, the London-based independent specialty re/insurance broker, announced it has appointed reinsurance executive, Emmanuel Clarke, as chairman, effective Sept. 28, 2023. Clarke succeeds John Hastings-Bass, who remains with BMS as chairman of its UK and International operations. Formerly president …

EU Probes Anesthesia Complication for New Weight-Loss Drugs

European authorities are investigating whether popular weight-loss and diabetes drugs including Novo Nordisk A/S’s Wegovy may be linked to complications during anesthesia. The European Medicines Agency’s safety committee, PRAC, is discussing the potential safety issue during its meeting this week. …

Philips Shares Decline After Reports It Responded Late to Apnea Warnings

Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea. Philips Respironics first received complaints about its CPAP machines and ventilators in …

Allianz’s CFO to Take Top Job at Generali: Italian Media

Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali, two Italian newspapers reported on Friday. Dailies la Repubblica and La Stampa reported …