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Business Moves: MGA Nirvana Buys Arena From Ryan Specialty; Ryan Acquires Canada MGU SSRU; Bridgehaven Buys SureStone; Gallagher Re to Buy S. Africa’s Resilea
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms were not disclosed. Arena is a leader in the Belgian sports insurance market, providing cover …
POSTED DECEMBER 05, 2025 3:55 PM |
Longtime WTW Cyber Risk Leader Heads to Marsh
Marsh this week announced it has hired Tom Srail its cyber analytics and digital infrastructure leader for the U.S. and Canada. Srail had spend the last 21 years with WTW, mostly recently as executive vice president of its global cyber …
POSTED DECEMBER 05, 2025 3:23 PM |
PE Firms EQT, PAI Among Bidders for €2 Billion Insurance Broker Global
Private equity firms EQT AB, PAI Partners and Stone Point have been shortlisted in the bidding for German insurance brokerage Global Group, people familiar with the matter said. Global Group, which is backed by buyout firm Castik Capital, could fetch …
POSTED DECEMBER 05, 2025 3:13 PM |
Agency Probes Reports Waymo Self-Driving Cars Illegally Passed School Buses in Texas
A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet GOOGL.O unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school …
POSTED DECEMBER 05, 2025 2:47 PM |
New York Times Sues Perplexity AI for ‘Illegal’ Copying of Content
The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple legal disputes and …
POSTED DECEMBER 05, 2025 2:34 PM |
AM Best Revises Outlook to Negative for Nazareth Mutual
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., based …
POSTED DECEMBER 05, 2025 2:07 PM |
Swiss Re Shares Drop After New Profit Target Falls Short of Expectations
Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income of $4.5 billion next year, up …
POSTED DECEMBER 05, 2025 2:07 PM |
Standard Chartered Settles £1.5 Billion Iranian Sanction Suit in London
Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business. In a London Court of Appeal ruling over disclosure published on Friday, the judge acknowledged …
POSTED DECEMBER 05, 2025 1:39 PM |
Will it Take a Catastrophe for Nations to Take Issue of Space Debris Seriously?
China routinely sends astronauts to and from its space station Tiangong. A crew capsule is about to undock from the station and return to Earth, but there’s nothing routine about its journey home. The Shenzhou-20 capsule will carry no crew, …
POSTED DECEMBER 05, 2025 1:01 PM |
Cloudflare Says It Fixed Outage That Slowed Banking Sites, Zoom
Cloudflare Inc. said it has fixed a problem that led to the websites for several banks, Shopify, Zoom and LinkedIn to go down Friday. “A fix has been implemented and we are monitoring the results,” the San Francisco-based company said …
POSTED DECEMBER 05, 2025 12:32 PM |
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