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Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this strategic acquisition establishes the company as a global …
POSTED FEBRUARY 03, 2023 12:52 PM |
Ransomware Attack Closes Nantucket Schools
Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home early. “Together with outside data security experts, our Information Technology …
POSTED FEBRUARY 03, 2023 12:19 PM |
Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners
Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London broker. Financial details of the transaction were not disclosed. As the energy …
POSTED FEBRUARY 03, 2023 12:07 PM |
Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets
Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable …
POSTED FEBRUARY 03, 2023 10:33 AM |
Hackers of ION Trading Also Hit UK Postal Service, Canada Hospital, U.S. Local Agencies
The hacking group behind a cyberattack against the software firm ION Trading UK has recently conducted a series of breaches throughout the world, with its victims including the UK’s postal service and local government agencies in the US. The gang, …
POSTED FEBRUARY 03, 2023 9:49 AM |
Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report
Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021, blockchain analysis firm Chainalysis …
POSTED FEBRUARY 03, 2023 9:17 AM |
U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be reported. ION Group, the …
POSTED FEBRUARY 03, 2023 7:03 AM |
Workers Comp Insurtech Pie Transitions to Full-Stack Carrier
Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier. Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance Company, while also touting the news that the Pie Insurance Group …
POSTED FEBRUARY 03, 2023 6:48 AM |
Amazon Fined for Worker Safety Violations in Three States
US federal workplace safety regulators fined Amazon.com Inc. more than $60,000 for putting warehouse employees at risk for lower back injuries and other musculoskeletal disorders. The Occupational Safety and Health Administration discovered the violations last year during inspections of Amazon …
POSTED FEBRUARY 03, 2023 6:48 AM |
Washington Insurance Commissioner Fines Producers, Insurers
Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following are the entities fined, and how much they were fined: Unauthorized Insurers DNProtect, Epik …
POSTED FEBRUARY 03, 2023 6:00 AM |
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