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ION servers knocked out in ransomware attack

ION has been hit by a cyber attack that knocked out servers dealing with cleared derivatives, sparking trade reporting and maching problems for brokers and rival processing services.

James River sees $152.7mn net loss in Q4 2023

James River Group Holdings Ltd. has released its financial results for the fourth quarter of 2023 reporting a net loss of $152.7mn, marked by a net loss stemming from the reclassification of its Casualty Reinsurance segment’s results to discontinued operations.

MS Amlin reports HY’24 profit of £87m as CoR improves to 84.5%

In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through effective asset-liability matching.