Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More than 720,000 Brazilians are suing BHP, …
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through its group of managing general agents (MGA) and is …
A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge …
Investors in cyber risk solution company Resilience have contributed yet again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With reports of a decline in …
Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures that have weighed on the sprawling conglomerate in the last year. The firm reported $10.04 billion of operating profit for …
DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …
More victims of a devastating wildfire sparked last year by the U.S. Forest Service in northern New Mexico are getting compensated, with payouts to landowners totaling more than $14 million as of early next week, federal emergency managers said. Congress …
Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyberattack that disrupted their computer systems, forcing some emergency rooms to shut down and ambulances to be diverted. Many primary care services at facilities …
The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via …
Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after …