James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary, JRG Reinsurance Co. – a deal that was first announced on …
Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message to discuss preliminary results. Burkhard Keese, Lloyd’s chief financial officer, …
An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities said, the latest in a campaign of assaults by the Iranian-backed group over Israel’s war on Hamas in the Gaza …
Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked Open AI to clarify whether the …
This edition of International People Moves details appointments at Aspen UK and Howden Tiger. A summary of these new hires follow here. Stanford Named CEO of Aspen UK, Osman Become Active U/W, Lloyd’s Syndicate 4711 Aspen Insurance Holdings Ltd. announced …
Heinz Arabia has announced the launch of the world’s first-ever ketchup insurance policy. The new insurance coverage aims to alleviate the stress and inconvenience of everyday ketchup spills, splatters and splotches. Inspired by countless social media posts showcasing ketchup-related accidents, …
A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to reconsider the voyages after a Houthi militant attack killed three sailors. “We call on the industry to divert …
Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s Direct Line, three sources familiar with the matter told Reuters. Ageas has lined up Deutsche Bank to work alongside its …
Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing with it the heightened peril of extreme weather and trillions of euros of damages to the economy. Such climactic hazards …
Finance firms in Britain should be banned from misusing non-disclosure agreements (NDAs) to silence victims of sexual harassment and abuse, lawmakers said on Friday, calling for an end to an era of impunity for predators and bullies. In a report …
