‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best December 2, 2022 Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and...
Swiss Gov’t Seeks Mandatory Reporting of Cyberattacks on Key Infrastructure December 2, 2022 The Swiss government proposed on Friday making it mandatory to report cyberattacks on critical infrastructure as a way to help...
Citigroup in Talks to Recoup Errant $500M Revlon Loan Payment December 2, 2022 By Jonathan Stempel Citigroup Inc. is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment...
After FTX Collapse, Pressure Builds for Tougher Rules for Cryptocurrencies December 2, 2022 Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at...
Record UK Bird Flu Outbreak Wipes Out Half of Free-Range Turkeys December 2, 2022 A record bird flu outbreak in the UK has resulted in culling of almost half of the nation’s free-range turkeys...
KKR Used Equity Rather Than Debt to Fund Acquisition of Broker April Group December 2, 2022 By Claire Ruckin and Silas Brown KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s...
DOJ Watchdog Seeks Independent Review of FTX Bankruptcy December 2, 2022 By Dietrich Knauth The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange...
Facebook Accused by Female Truckers of Skewing Job Ads December 2, 2022 By Paresh Dave Meta Platforms Inc. unlawfully steered dozens of hiring ads from trucking companies and other advertisers to mostly one gender or...
View from Defense Counsel’s Office: Hope on the Horizon for Florida Insurers? December 2, 2022 Despite recent hurricanes in Florida, continued insurance claims litigation, and steadily rising reinsurance rates, insurers and reinsurers have reason to...
New York Online Hate Speech Law Challenged by Thiel-Backed Rumble December 2, 2022 By Chris Dolmetsch A New York law prohibiting hate speech on social media was challenged by the Volokh Conspiracy legal blog and the...