News
U.S. Treasury Wants Financial Firms to Examine Cloud Services
U.S. Treasury Department officials are urging the financial sector to address potential challenges in using cloud computing services, warning in a report on Wednesday that failure to do so could ...
Granada Financial to Acquire Majority Interest in Topa Group
Granada Financial Group reports it has agreed to acquire a controlling interest in Topa Insurance Group from Anderson Holdings. While Granada will assume majority control, Anderson Holdings will ...
Fund Transfer Frauds, Data Theft Trends to Continue in 2023: Beazley
Incidents of fraudulent instruction scams were up 13 percent in 2022, according to specialist insurer Beazley's new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use ...
Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk
A group of European institutional investors is backing a novel London lawsuit against energy giant Shell's board over alleged climate mismanagement in a case that could have far-reaching implications ...
Allianz Commits 6 Million Euros to Earthquake Relief and Recovery
Allianz Group has made a commitment of six million euros to support relief and recovery efforts following the earthquakes in Turkey and Syria, including up to one million euros to match the donations ...
Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims
A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed ...
Executives on the Move at Markel, Liberty Mutual, Texas Mutual
Markel Corporation announced that Teri Gendron will become its next chief financial officer effective March 20, 2023, succeeding Jeremy Noble, who became president of Markel's insurance operations ...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 ...