Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of James Addington-Smith as CEO of Marsh UK. Subject to regulatory approval, Addington-Smith will take up his new role early in 2026 and report to Flavio Piccolomini, CEO, Marsh …
People Moves: Marsh UK Promotes Addington-Smith as CEO, Succeeding Lay Read More »
Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter, according to the regulatory body overseeing grid stability. Power consumption has grown 20 gigawatts from the …
US Faces Winter Blackout Risks From Data Centers’ Power Needs Read More »
The European Union’s top diplomat said that Moscow’s aggression against the bloc, including an explosion that occurred in Poland over the weekend, should be considered terrorism. “These sabotage acts they are organizing on our territories in different countries are extremely, …
Russia Attacks on EU Are State-Sponsored Terrorism, Top Diplomat Says Read More »
An oil tanker that was seized by Iranian forces last week has been freed but without its cargo, the vessel’s manager said. The crew of the Talara, which was captured on Friday, are safe and in good spirits, Columbia Shipmanagement …
Oil Tanker Seized by Iran Is Released With Cargo Missing Read More »
OAK Global, the Lloyd’s reinsurance business, announced it has received permission from Lloyd’s to underwrite via Syndicate 1440. The new syndicate will operate as the strategic business unit OAK Enterprise, providing property and specialty retrocession capacity to clients for business …
OAK Enterprise Gets Approval From Lloyd’s to Underwrite via Syndicate 1440 Read More »
This post is part of a series sponsored by IAT Insurance Group. The 2025 Atlantic hurricane season is shaping up to be one of the most active yet, with up to 25 named storms expected — and the potential for …
Hurricane Readiness: Protecting Your Property This Season Read More »
Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The ECB has long argued …
Europe’s Banks Face ‘Unprecedentedly High’ Risk of Shocks, ECB Warns Read More »
European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party computing providers for the bloc’s finance industry. Under the EU’s Digital Operational Resilience Act (DORA), which started being applied in …
Amazon, Google Named by EU Among ‘Critical’ Tech Providers for Finance Industry Read More »
The Justice Department announced that it has filed a lawsuit against Thomas Ray Kelso, the former owner and manager of rental properties formerly known as Briarwood Apartments in Searcy, Arkansas, for engaging in sexual harassment and retaliation in violation of …
Former Owner of Arkansas Apartment Complex Sued for Sexual Misconduct Read More »
The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance carrier, and the fee amount …
