Insurance

This edition of International People Moves details appointments at Acrisure Re in Brazil and the Bermuda-based re/insurer Vantage Risk. A summary of these new hires follows here. Acrisure Re Taps Ximenez From Lockton to Lead Newly Formed Brazil Unit Acrisure …

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the formation of a new team in its International pillar, who will work with global clients and brokers to place insurance programs for UK subsidiaries of overseas corporates, providing access to …

Britain’s motor finance industry is on the hook for 8.2 billion to 9.7 billion pounds ($11 billion-$13 billion) to compensate consumers for unfair car loans, the regulator said on Tuesday, in plans that point to a lower bill than the …

Tropical Storm Jerry formed in the Atlantic east of the Caribbean, becoming the 10th system in the 2025 hurricane season. Jerry, with top winds of 45 miles (72 kilometers) per hour, was about 1.315 miles east of the Caribbean Leeward …

Qilin, a ransomware group with a track record of cyberattacks on major entities around the world, claimed responsibility on Tuesday for a hack on Japan’s Asahi Group Holdings 2502.T that disrupted production at the beer and beverage giant. Asahi Group’s …

The European Union has proposed restrictions on three firms that have provided fake flags to sanctioned oil tankers in Russia’s shadow fleet, according to documents seen by Bloomberg. The entities have supplied false Aruba, Curacao and Sint-Maarten flags to at …

A group of Italian families has filed a lawsuit against Facebook, Instagram, and TikTok, accusing the platforms of failing to enforce age restrictions and using addictive features that harm children’s mental health. The case asks a Milan court to require …

Chobani urged a federal judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied packaging and the “Bright & Mellow” slogan for a competing line of ready-to-drink cold brew coffee. Danone accused …

US electric companies will spend almost $208 billion in 2025 and more than $1.1 trillion over the next five years on the power grid, according to industry group Edison Electric Institute. Utility spending is growing rapidly. For comparison, investor-owned utilities …

Despite the rapid rise of artificial intelligence in the insurance sector, along with claims of widespread errors and even discrimination by algorithms, A.I. is becoming vital to the industry – but insureds will be protected by existing statutes, insurance advocates …