Aegon has agreed to sell its UK insurance business to Standard Life for a total value of 2 billion pounds ($2.7 billion), the Dutch insurer said on Wednesday. The payment would consist of a cash amount of 750 million pounds and 181.1 million shares, or a 15.3% stake, in Standard Life, Aegon said. The stake would make Aegon the British insurer’s largest single shareholder, according to LSEG data, with the Amsterdam‑listed group also entitled to appoint one non‑executive director to Standard Life’s board. Cash received at the closing of the transaction would be used for a combination of share buybacks…
Author: Awais
Medical technology firm EBR Systems on Wednesday said a cybersecurity incident detected in February may have resulted in unauthorized access to a small amount of personal health information. The company said it became aware of a network disruption around February 13 that affected certain systems, triggering an investigation with the assistance of third‑party computer forensics specialists. It said it had to alert patients and post details on its website. The incident underscores Australia’s growing exposure to cybersecurity threats, with the country seeing a sharp rise in data breaches and ransomware attacks over the past five years, including at healthcare, financial…
The United States said on Wednesday its military had completely halted trade going in and out of Iran by sea, while President Donald Trump said talks with Tehran on ending the war could resume this week, sending oil prices down for a second day. Trump said negotiations between U.S. and Iranian officials could resume in Pakistan in the next two days and Vice President JD Vance, who led weekend talks that ended without a breakthrough, said he felt positive about where things stood. “I think you’re going to be watching an amazing two days ahead,” Trump told ABC News reporter…
A Milan court on Tuesday accepted a class action brought by a consumer group against Meta Platforms over the theft of personal data suffered by Facebook Italy. According to the court order, the data scraping incident, which took place between January 2018 and September 2019 and was disclosed by Meta in 2021, affected around 533 million Facebook users globally. The CTCU consumer association is seeking compensation on behalf of social media users who lost, or feared losing, control over their personal data in breach of the EU’s General Data Protection Regulation (GDPR). A legal source estimated that around 35 million…
While the first-quarter of 2026 failed to set a new issuance record for the period in the catastrophe bond market, rising activity in recent weeks means that cat bond issuance this year could hit the $10 billion milestone around one week faster than it did a year ago, according to Artemis’ data and analysis.The first-quarter of 2026 saw $6.7 billion of new risk capital coming to market, across full Rule 144A catastrophe bonds and private cat bond deals tracked in the Artemis Deal Directory. That fell slightly behind the record $7.1 billion of new catastrophe bond issuance we recorded in…
McGivney joined Marsh in 2007 and has held a series of senior positions, including senior vice president of corporate finance, COO and CFO of Mercer, and CFO of Marsh Risk, before becoming senior vice president and CFO of Marsh in 2016. In his expanded remit, he will support Doyle and the Marsh executive committee in accelerating cross‑business strategy, lead the firm’s inorganic growth initiatives, and oversee execution of top priorities.
For months, a cloud of fear has hovered over the immigrant community in San Bernardino, California, making it hard for María González to do her job as a community health worker in this city where almost a quarter of residents are foreign-born. It started building over the summer, fed by news of immigration raids across Southern California, Trump administration plans to share Medicaid data with Immigration and Customs Enforcement, and the passage of state and federal restrictions on immigrant Medicaid eligibility. Then in November, the federal government released a new “public charge” proposal that, if enacted, could block certain immigrants…
They include a new head of North America Specialty and a new chief people officer
Insurance broker World Insurance Associates LLC reports it acquired the business of C&A Insurance Agency of New York, New York on December 31, 2025. Established in 1985, C&A Insurance provides insurance to individuals, families, and businesses across New York and New Jersey. “Founded by immigrants, our agency was built on a deep understanding of diverse cultures and communities,” says Robert Luong, president, C&A Insurance Agency. “We proudly serve clients in multiple languages and have become a trusted insurance partner for the Chinese, Cambodian and Vietnamese communities by combining industry knowledge with cultural awareness and clear communication.” “This acquisition will provide…
Seven new states in the Western U.S. are now part of a new wildfire preparedness designation program designed to help homeowners and builders in high-risk areas better protect properties and neighborhoods. The states were among 10 added to the Insurance Institute for Business & Home Safety’s Wildfire Prepared designation, which is now up to 14 states. The program offers two levels for individual properties: Wildfire Prepared Home, which outlines actions to reduce risk from wind-driven embers, and Wildfire Prepared Home Plus, an enhanced level of protection against radiant heat and direct flame contact. Homeowners obtain the IBHS program designation by…
Alabama-nbased Personnel Staffing Inc., a staffing service for more than 15 southeastern states U.S., will pay $155,000 to a class of female employees, as the result of an investigation by the Equal Employment Opportunity Commission (EEOC). The EEOC said its investigation found that Personnel Staffing discriminated against female workers between Aug. 14, 2020 and Aug. 1, 2023, based on their sex, when the company failed to refer female temporary workers to TCI of Alabama, LLC, at its Pell City, Alabama location, based on TCI’s sex-biased request for male-only laborers. Personnel Staffing’s compliance with TCI’s discriminatory request violated Title VII of…
The bodies of two workers trapped when a stairwell roof collapsed at a parking garage under construction in Philadelphia have been found, authorities announced Monday morning. The section of roof at the Children’s Hospital of Philadelphia’s garage fell Wednesday, triggering a collapse across all seven levels, Mayor Cherelle Parker told reporters last week. Crews initially rescued three workers injured in the collapse and they were taken to hospitals, where one died, officials said. The other two workers were treated and released. By Thursday, officials said search dogs hadn’t found any signs of life at the collapse site. Crews worked through…
Florida’s population is growing rapidly, with over 23 million residents currently, and a projected growth of approximately 1.24% annually. Florida’s attractive business climate and tax policies, in contrast to states like New York and California, keep its competitive draw for large business migration and investment. However, Florida businesses are facing increasing costs of operation, with high insurance premiums dimming some of that sunshine appeal and creating an affordability crisis for some. Commercial insurance rates in high-risk areas in recent years have seen double-digit percentage increases, thanks to rising property values and increased risks associated with environmental exposures, such as hurricanes…
CRC Group, a wholesale specialty insurance distributor, has added a broker to its specialty team, based in Charlotte, North Carolina. Murphy Will Murphy has experience in commercial insurance advisory and casualty brokerage, with a focus on business development and client engagement, CRC announced this week. He was previously with Bridge Specialty Group and Gallagher. CRC, with offices in Charlotte and in Birmingham, Alabama, said it now has 6,000 teammates in North America and the United Kingdom. Peachtree Group, an investment management firm based in Atlanta, named Mike Morey to lead the firm’s insurance capital markets strategy. As executive vice president,…