Peak Re Names Swiss Re’s Kuk as CEO, Succeeding Co-Founder Hahn
Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer that specializes in emerging markets, announced that Victor Kuk will become chief executive officer, effective April 20, 2026, subject to regulatory approval. Kuk is succeeding Franz-Josef Hahn, co-founder and CEO of Peak …
Groups Push for Federal Court Rule to Disclose Litigation Funding
The Lawyers for Civil Justice and the U.S. Chamber of Commerce Institute for Legal Reform are seeking a federal rule to require the disclosure of third-party litigation funding. Currently, the matter is handled in federal courts with mixed results. According …
Gulf Energy Industry Will Take Years to Recover From Iran War
It took just days for the Iran war to hobble oil fields, refineries and gas plants across the Persian Gulf, but it could take years to restore their full potential as the conflict drags on. More than three weeks of …
Vortex Weather Launches Parametric Hail Product
Vortex Weather Insurance announced the formal launch of direct sales for its HailSafe parametric hail insurance product. Previously available only through third-party vendors, HailSafe can now be purchased directly from Vortex by brokers and weather‑exposed businesses, including open car lots, …
Texas to Ban Smokeable Hemp on March 31
New state rules that eliminate natural smokeable hemp products and increase licensing fees will go into effect at the end of the month. Hemp industry leaders say these new regulations will eliminate a majority of their inventory and force those …
People Moves: Maryland Appoints Two Associate Insurance Commissioners
Maryland Insurance Commissioner Marie Grant appointed Megan Mason as associate commissioner of life and health and Giri Govada as associate commissioner of operations and technology. Mason will oversee the agency’s life and health division, which is composed of the rates …
SoftBank’s Son Says Ohio Data Center to Be $500 Billion Project
SoftBank Group Corp. is developing a data center-focused project in Ohio so massive that Chief Executive Officer Masayoshi Son said it would channel $500 billion into a single campus. “We are going to do the largest construction project in the …
Valero Port Arthur Refinery Has Fire at Diesel Hydrotreater
Valero Energy Corp. responded to a fire in a unit at its Port Arthur refinery in Texas on Monday, adding pressure to a US fuels market that’s already seen prices skyrocket due to the Middle East war. A fire broke …
California Sues Department of Energy Over Sable Oil Pipeline Restart
California Attorney General Rob Bonta said on Monday he has sued the U.S. Department of Energy to stop it from using a Cold War-era law to restart the long-disputed Sable Offshore pipeline system linking the Santa Ynez offshore platform to …
High-Grade Borrowers Jump Back Into Bond Market After Halt
The US investment-grade bond market reopened Monday following a three-session pause in activity, as concerns over the Iran conflict ease. Six firms raised a combined $7 billion from high-grade debt offerings, after President Donald Trump said he would postpone strikes …
Oakbridge Names New President and CEO as Smith Moves to Chairman Role
Georgia-headquartered Oakbridge Insurance, one the largest privately owned brokerages, announced that longtime president and CEO Robbie Smith will be executive chairman, starting July 1. Matt James, the current chief financial officer and chief acquisition officer, will be named CEO. Trae …
EPA Promises Ruling on New Hampshire Repeal of Vehicle Inspections by Summer
U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin has promised New Hampshire officials that his agency will expedite its review of the state’s request for a Clean Air Act waiver that will allow it to repeal its vehicle inspection and …
Fire Destroys Historic Courthouse in Georgia
A fire that broke out Monday almost completely destroyed the 134-year-old Floyd County Courthouse in Rome, Georgia, leaving officials looking for new office space for some government functions, local news sites reported. The courthouse, built in 1892 and listed on …
FCC Bans Wireless Router Imports, Citing Security Concerns
The Federal Communications Commission ordered a ban on the import of new models of foreign-produced consumer wireless routers after an interagency panel determined they threaten national security. While the FCC said companies could apply for exemptions, the move could dramatically …
Mike Lynch’s Estate Refused Permission to Appeal in UK HP-Autonomy Case
The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission to appeal a ruling by London’s High Court that he was liable to Hewlett Packard Enterprise over its acquisition of his firm Autonomy. The U.S. technology …
German Court Rejects Bid to Ban Mercedes and BMW’s Fossil-Fuel Cars
Environmentalists suffered a setback on Monday when Germany’s top appeals court threw out their cases seeking to ban Mercedes-Benz and BMW from selling new combustion-engine cars from November 2030. The federal court of justice in Karlsruhe upheld lower court rulings …
Hyundai Recalls 58,000 Palisade SUVs in South Korea Over Automatic Seat Problem
South Korea’s transport ministry announced on Tuesday the recall of 58,000 Hyundai Motor Palisade hybrid sport utility vehicles nationwide over safety concerns, following a fatal accident in the United States earlier this month. Hyundai stopped sales of some high-end versions …
Iran Sends Waves of Missiles Into Israel, Calls Trump’s Talk of Negotiations ‘Fake News’
Iran launched multiple waves of missiles at Israel on Tuesday, the Israeli military said, after U.S. President Donald Trump postponed the bombing of the Islamic Republic’s power plants and other energy infrastructure because of what he described as productive talks …
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis
The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, according to a new report. The report published by …
Trump’s Demand for Admissions Data Sends Wary Colleges Scrambling
Colleges are racing to comply with President Donald Trump’s demand for sweeping admissions data and bracing for those records to fuel a new crackdown on campus diversity efforts. They face a Wednesday deadline to submit these documents, even as a …
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Comunicados de prensa más recientes
Islas Caimán, 31 de octubre de 2025. El CCRIF SPC anunció que hará un pago de US$70 millones al Gobierno de Jamaica tras el paso del huracán Melissa. Es el mayor pago único en la historia del CCRIF y una poderosa demostración del modelo de seguro paramétrico de la organización.
Gran Caimán, 18 de diciembre de 2024.
