Thirty former Ohio State football players, including some former NFL players, have agreed to join a federal lawsuit against the university over the sexual abuse of student athletes decades ago by a team doctor, a lawyer in the case said Thursday. The lawyer, Rocky Ratliff, said in an interview that the men came forward some eight years after the first lawsuit was filed because they needed to overcome the shame of revealing that they’d been sexually abused by another man and the fear of taking on the university publicly. They are “tearful and living with it,” Ratliff said. “But as…
Author: Awais
A losing streak in litigation finance is attracting hedge funds and other alternative investment managers looking to invest in legal claims at distressed valuations, according to people familiar with the matter. Firms working in distressed-debt special situations including Davidson Kempner Capital Management LP and Attestor are looking to buy up such assets at valuations as low as 10 cents on the dollar, the people said, asking not to be identified discussing private deals. In some cases, buyers are taking on distressed assets for free, and agreeing to pay the seller a small amount if the underlying lawsuit wins. Litigation finance…
Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied logic, pointing to an increase in signal interference following fresh attacks by Iran on neighboring countries. The tracking data showed about 120 vessels in a circle about an hour’s drive inland from Abu Dhabi in the United Arab Emirates, signaling they’re traveling at nearly 50 knots but without changes to their location. A smaller gathering of about a dozen ships was indicating speeds of more than 100 knots near the Omani-UAE land border. The appearance of such clusters inland, and at improbable speeds, is probably…
South Korea strongly condemned what it described as an attack on a civilian cargo vessel in the Strait of Hormuz after a government investigation found the ship was struck by unidentified objects, though it stopped short of assigning blame. “Attacks on civilian vessels such as HMM Namu cannot be justified or tolerated,” presidential security adviser Wi Sung-lac told reporters Monday. “We’ll seek through further investigation to identify the party responsible for the attack, the exact type of projectile and its physical size.” Wi said South Korea would decide on its response once further analysis identifies the attacker and the type…
Kestrel Group: fronting growth offset by legacy reinsurance drag Kestrel Group, a specialty insurance platform focused on fronting services, reported a net loss from continuing operations of $7.0 million for the three months ended March 31, 2026, or a loss of $0.90 per share. Total revenues were $10.2 million, and net premiums earned were $3.2 million. Book value per common share stood at $15.52 as of March 31, 2026.
Here are the ten most popular news articles, week ending May 10th 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm, week ending May 10th 2026: Bermuda roundtable: ILS market surges on record cat bonds and expanding risk appetiteThe insurance-linked securities (ILS) market is in a strong position with record levels of catastrophe bond issuance and growing interest in private ILS and casualty risks, while transparency…
Markel Insurance Appoints Da Costa to Lead U.S. Cyber and Tech E&O Portfolio Raphael Da Costa Markel, the insurance operations within Markel Group Inc., appointed Raphael Da Costa to lead its U.S. cyber and tech E&O portfolio. Da Costa oversees Markel’s U.S. cyber and tech E&O underwriting strategy, portfolio management and product development. He’ll work closely with underwriting, claims and actuarial to support disciplined growth and deliver solutions aligned with the shifting cyber risk environment. Da Costa has over 15 years of experience driving innovation in the cybersecurity and insurance sectors. He joined Markel in 2023 and most recently led…
Banking groups are floating last-minute changes to a compromise on stablecoin yield as a key Senate panel begins considering a landmark digital asset bill. The proposed changes would tweak the compromise brokered by Senators Thom Tillis, a Republican, and Angela Alsobrooks, a Democrat, on stablecoin rewards earlier this month in the hopes of moving forward legislation long sought by the crypto industry to create clear rules for the digital asset space. A set of banking advocacy groups, including the American Banking Association and the Consumer Bankers Association, released text on Friday that would completely limit stablecoin issuers from providing any…
Nike was sued on May 8 by consumers who accused the athletic apparel and footwear maker of not refunding tariff-related costs it passed on in the form of higher prices. In a proposed class action, consumers said Nike should not be allowed to keep “significant” refunds it can expect after the U.S. Supreme Court in February struck down sweeping tariffs that President Donald Trump imposed under the International Emergency Economic Powers Act. The Beaverton, Oregon-based company has said it paid about $1 billion in tariffs on imported goods as a result of Trump’s actions. Consumers said Nike raised prices on…
Disruptions for college students are set to drag into the weekend after hackers briefly took down an online platform used by thousands of schools around the world, from Princeton University in the US to the University of Manchester in the UK and the Universidad del Desarrollo in Chile. Instructure Inc., which runs the Canvas service used by students to take tests and get grades, said it was forced to suspend the portal Thursday after breaches by a “criminal threat actor.” The perpetrators exploited a vulnerability in a specific account for teachers, the company said, gaining access to some of its…
Kestrel Group: fronting growth offset by legacy reinsurance drag Kestrel Group, a specialty insurance platform focused on fronting services, reported a net loss from continuing operations of $7.0 million for the three months ended March 31, 2026, or a loss of $0.90 per share. Total revenues were $10.2 million, and net premiums earned were $3.2 million. Book value per common share stood at $15.52 as of March 31, 2026.
Separately, The Council of Insurance Agents & Brokers found that 2025 ended with the softest overall commercial P&C market conditions since 2017, with average premiums across all account sizes rising just 0.2% in Q4 2025 and large-account premiums declining on average. Multiple lines, including commercial property, cyber, D&O, employment practices liability and workers’ compensation, recorded average decreases, while commercial auto posted the highest increase at 6.6%.
Most carriers posted double-digit growth even as some saw underwriting tighten
Since 2019, State Farm has invested in 26 venture-backed companies with a clear concentration in automotive and insurance technology. Automotive-focused firms alone account for roughly 37% of total venture-linked funding, while insurance technology adds another $420 million. This strategy accelerated sharply in 2023, when 90% of companies backed by mutual developed auto and insurance platforms, including autonomous vehicle systems, telematics infrastructure, and cloud-based claims software. At the same time, State Farm has emerged as one of the leading holders of AI-related patents in the insurance sector, with more than 100 unique IDs granted or published in 2025 alone (each individually…