France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing its client base, automating processes and reducing labor costs. The new three-year plan, dubbed “Unlock the Future” — Thomas Buberl’s …
A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died and three others were missing after the accident Thursday in Guangzhou, state-run Global Times said on X, formerly known as …
Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip through an industry that must sell more EVs or face hefty fines. Ayvens, the biggest multi-brand leasing firm, already has …
This edition of International People Moves details appointments at the insurer Markel and the specialty re/insurer IQUW. A summary of these new hire follows here. Markel, the insurance operations within Markel Group Inc., announced that Katie Costello has been named …
Aon’s proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it has cleared the 30-day waiting period under the Hart-Scott-Rodino Antitrust …
Beazley, the London-based specialty insurer, announced the creation of an integrated cyber risk management company, Beazley Security, formed from the merger of its in-house Cyber Services team and its wholly owned cyber security company, Lodestone. Beazley Security will be led …
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The …
One of the world’s biggest criminal hacking gangs woke up on Tuesday to a startling discovery: Law enforcement, after taking over their main website on Monday, were now threatening to reveal their personal details and data about their cybercrime organization. …
A cybercriminal group named Lockbit, which was broken up by an international law enforcement operation this week, has hacked some of the world’s largest organizations in recent months, stealing and leaking their sensitive data if they didn’t pay ransom. Here …
The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been a mistaken missile strike by Houthi militia, shipping and military …
