14 05, 2024

VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

By | May 14th, 2024|Uncategorized|Comments Off on VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening …

14 05, 2024

UK Broking and Underwriting Group, Jensten, Announces Strategic Restructuring

By | May 14th, 2024|Uncategorized|Comments Off on UK Broking and Underwriting Group, Jensten, Announces Strategic Restructuring

Jensten, the London-based independent insurance broking and underwriting group, announced a reorganization that aims to drive growth, bolster continued acquisitions, and expedite the integration of future acquisitions. This move closely follows the recent announcement of Jensten’s successful securing of £170 …

14 05, 2024

People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

By | May 14th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Reinsurance …

14 05, 2024

Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

By | May 14th, 2024|Uncategorized|Comments Off on Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …

14 05, 2024

Hospital Operator Ascension ‘Making Progress’ to Restore Systems After Cyberattack

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Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware attack that disrupted operations. “We are focused on restoring systems safely. We are making progress, however, it will take time …

14 05, 2024

Alphabet’s Waymo Probed by U.S. After Autonomous Car Incidents

By | May 14th, 2024|Uncategorized|Comments Off on Alphabet’s Waymo Probed by U.S. After Autonomous Car Incidents

The top U.S. auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws. The US National Highway …

14 05, 2024

Santander Flags Data Breach Hitting Some Clients, All Staff

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Banco Santander SA said data managed by an external party was accessed without authorization, affecting information of clients and staff. “We recently became aware of an unauthorized access to a Santander database hosted by a third-party provider,” the Spanish lender …

14 05, 2024

Alphabet’s Waymo Probed by US After Autonomous Car Incidents

By | May 14th, 2024|Uncategorized|Comments Off on Alphabet’s Waymo Probed by US After Autonomous Car Incidents

The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws. The US National Highway …

14 05, 2024

18 States Sue Over EEOC’s Policy on Transgender Workers

By | May 14th, 2024|Uncategorized|Comments Off on 18 States Sue Over EEOC’s Policy on Transgender Workers

A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing broad legal protections for transgender workers. The 18 states filed the complaint in federal court in Knoxville, Tennessee, late Monday. …

14 05, 2024

Kansas Schools Turn to AI to Spot Guns

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TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve the expenditures and the …