ION pays ransom, claim hackers
The gang that attacked ION Trading UK’s systems last week says that the firm has paid a ransom.
B2B emerging markets payment platform Waza comes out of stealth with $8 million funding
Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.
Reinsurance buyers eye more orderly renewals
Agents and Brokers, Catastrophes, Current Issue, P/C Insurers, P/C Pricing, Property, Reinsurance Everest Re, Lockton, Swiss Re
CEO of ethical bank Triodos UK to step down
Bevis Watts, the CEO of Triodos Bank UK, is to step down after a ten-year stint at the helm of the ethical bank.
Aon adds former Swiss Re exec to lead worldwide parametric initiatives
Agents and Brokers Asia-Pacific & Australasia, European Union, Middle East/Africa Aon, Swiss Re
Mizuho to shift operations to Google Cloud
Japan’s Mizuho is to move into the banking-as-a-service market and re-engineer its operations through an alliance with Google Cloud.
Gallagher acquires UK broker
Agents and Brokers, Mergers and Acquisitions United Kingdom Arthur J. Gallagher & Co.
Markel International names Rohan Davies as MD of new London Market business
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Rohan Davies as Managing Director (MD) of its newly created London Market business.
Lloyds underwriters cant recoup benefits paid to injured seaman
General liability, Marine, P/C Insurers Lloyd’s of London
Berenberg analysts expect stable reinsurance pricing at Jan ’25 renewals
Analysts at Berenberg have said that in light of the strong performance of the reinsurance sector in recent years and the fact there’s no build up of excess capital, reinsurance pricing at the January 1st, 2025, renewals is expected to be stable.
TMHCCI set to onboard employees from specialist MGA Lavaretus Underwriting
Tokio Marine HCC International (TMHCCI) has reached an agreement with Marsh Specialty UK to take on certain employees of Lavaretus Underwriting, a specialist MGA and Lloyd’s coverholder focused on the shipping, power and energy sectors.
Aspen backs excess insurance policy by Counterpart
Management liability insurtech Counterpart has announced the launch of an excess insurance product for small businesses, backed by Aspen.
Are there clouds on the horizon for a buoyant international shipping industry?
A growing number of issues may stymie a healthy and growing international shipping industry, writes Allianz in its Safety and Shipping Review 2022.