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Markets/Coverages: MGA Arrow Launches Tech E&O Practice With Bridgehaven Capacity
Arrow Risk Management, the London-based specialist MGA underwriting platform, announced a strategic partnership with Bridgehaven Specialty UK Ltd. to launch its tech E&O underwriting practice. The practice will be led by Graeme King, who is one of the most highly …
POSTED SEPTEMBER 15, 2025 12:16 PM |
People Moves: AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty; Liberty Specialty Markets Taps Zurich’s Weigel as Head of Multinational, Europe
This edition of International People Moves details appointments at AXA XL and Liberty Specialty Markets (LSM). A summary of these new hires follows here. AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty AXA XL has appointed Donnacha Smyth …
POSTED SEPTEMBER 15, 2025 11:44 AM |
North Korean Hackers Used ChatGPT to Help Forge Deepfake ID
A suspected North Korean state-sponsored hacking group used ChatGPT to create a deepfake of a military ID document to attack a target in South Korea, according to cybersecurity researchers. Attackers used the artificial intelligence tool to craft a fake draft …
POSTED SEPTEMBER 15, 2025 10:35 AM |
People Moves: PIA New York Elects Officers; Bartow Elected President
Dix Hill, New York insurance agent Jason Bartow, AAI, CPIA, TRA, has been elected president of the Professional Insurance Agents of New York State (PIANY). Bartow is commercial lines executive vice president of Eugene A. Bartow Insurance Agency Inc. and …
POSTED SEPTEMBER 15, 2025 10:00 AM |
AMP to Pay $80 Million to Settle Class Action Over Pension Fees
AMP Ltd. has agreed to pay A$120 million ($80 million) to settle a class action alleging the financial group charged excessive fees on some pension accounts for more than a decade. The in-principle agreement relates to fees charged to members …
POSTED SEPTEMBER 15, 2025 9:54 AM |
Catastrophe Bonds Worth $17.5 Billion Land in EU Crosshairs
Asset managers with sizable holdings of catastrophe bonds are watching to see how a recent recommendation by Europe’s markets watchdog will disrupt the status quo, with some already warning of a potential selloff. At issue is the $17.5 billion of …
POSTED SEPTEMBER 15, 2025 9:36 AM |
Boeing Faces $3.1 Million in Fines for Safety Violations
The Federal Aviation Administration said it would fine Boeing Co. $3.1 million for a series of safety violations that it uncovered over a space of several months between late 2023 and early last year. The violations included interference with safety …
POSTED SEPTEMBER 15, 2025 5:08 AM |
US Appeals Court Hits Pause on Challenges to SEC Climate Rule
A federal appeals court on Friday said it was pausing its consideration of legal challenges against the U.S. Securities and Exchange Commission’s climate regulations until the Wall Street regulator decides whether it plans either to change them or to defend …
POSTED SEPTEMBER 15, 2025 5:04 AM |
California Roofing Contractor Must Pay $2M in Unpaid Wages, Damages
A federal court ordered a Northern California-based roofing contractor to pay $1.9 million in back wages and damages to 158 workers after a U.S. Department of Labor investigation reportedly found the employer failed to pay required overtime rates to workers. …
POSTED SEPTEMBER 15, 2025 5:00 AM |
Meta, OpenAI Face FTC Inquiry on Chatbot Impact on Kids
The Federal Trade Commission ordered Alphabet Inc.’s Google, OpenAI Inc., Meta Platforms Inc. and four other makers of artificial intelligence chatbots to turn over information about the impacts of their technologies on kids. The antitrust and consumer protection agency said …
POSTED SEPTEMBER 15, 2025 5:00 AM |
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