Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …
Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions Read More »
Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take direct action against a Chinese artificial intelligence startup that shook Silicon Valley and global markets this year. Home Affairs Minister …
Australia Bans DeepSeek From Government Tech Over Security Read More »
The UK will spend £2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by climate-fueled storms and rainfall, according to a government announcement on Tuesday. The investment on upgrading and repairing flood infrastructure will …
UK Commits £2.65 Billion to Tackle Rising Flood Risk Read More »
Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according to people familiar with the matter. Allianz and IAG are mulling the offers for the insurance arm of The Royal …
Allianz, IAG Said to Mull Bids for Top Western Australia Insurer Read More »
AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter Bakker as head of environmental package solutions for the middle market in the Americas. Bakker is based in New York. …
U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of digital assets. New legislation will deliver “clarity …
US Congress to Form Cryptocurrency Working Group Read More »
Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re, as chief legal officer and executive vice president. He is now turning that experience to Mangrove Property Insurance, a startup insurer based in Florida. The Demotech …
Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market Read More »
Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in U.S. history. The Eaton and Palisades …
LA Wildfire Losses Seen as High as $164 Billion, UCLA Says Read More »
Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up to $1 million in additional capacity above the California FAIR Plan. Features of XS Homeowners Insurance include: Available through certain …
Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners Read More »
The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims Act violations related to small business contract bidding. The company was accused of improperly securing contracts designed for small businesses …
