Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Academy and the Vermont …
New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer Read More »
Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations of a single company. In …
Amazon Says All Cloud Services Restored After 15-Hour Outage Read More »
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market …
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot Read More »
Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials have previously …
Poland, Romania Foil Russian Exploding Parcels Plot, Warsaw Says Read More »
This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance business of independent insurance broker …
A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions of dollars, industry leaders said …
Fire at Airport Cargo Complex Disrupts Bangladesh’s Garment Exports Read More »
An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said. The Cameroon-flagged vessel …
Operation Underway to Salvage LPG Tanker MV Falcon After Explosion in Gulf of Aden Read More »
The pace of insurance agency mergers and acquisitions picked up during the third quarter of 2025 but as of Sept. 30, M&A is down 7% this year compared to last year. According to investment banking and financial consulting firm OPTIS …
Insurance Agency M&A Picks Up in Q3 but Down for the Year: OPTIS Read More »
It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings. They left the nearby 140-carat “Régent” diamond untouched, …
A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown Read More »
KKR & Co. and Quadrantis Capital agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance Co. KKR and Quadrantis will hold about 11.3% and 1.8% of Peak Re, respectively, after the deal is completed, according to a statement Tuesday, …
KKR, Quadrantis to Acquire Minority Stake in Hong Kong’s Peak Re Read More »
