“This appointment reflects our commitment to investing in exceptional talent and strengthening our capital modelling and reinsurance pricing capabilities,” he said. “George brings a wealth of experience and a proven track record of delivering results, which will be instrumental in enabling our clients to succeed.”
Author: Awais
The United Arab Emirates said it thwarted a series of AI-backed cyberattacks and warned of a “qualitative shift” in the methods used by terrorist groups it didn’t identify. The assaults on the UAE’s digital infrastructure and “vital sectors” included attempts to infiltrate networks, deploy ransomware and conduct systematic phishing campaigns, the state-run WAM news agency reported late Saturday, citing the UAE Cybersecurity Council. Authorities didn’t say how many attacks there’d been or when exactly they happened. The incidents “involved the exploitation of artificial-intelligence technologies to develop sophisticated offensive tools” showing terrorists’ “ability to harness modern technologies to carry out digital…
Companies that hedged their bets by selling potential tariff refund claims to investors celebrated on Friday after the U.S. Supreme Court struck down President Donald Trump’s sweeping emergency tariffs. Now comes the hard part. “It’s a tiny win in what seems to be an ongoing, changing environment,” said Mark Mintman, CFO of Atlanta-based toymaker Kids2, which received a total of $2 million from a Boston hedge fund in exchange for the claim against $15 million in tariffs the company paid to U.S. customs through September of last year. Mintman said the company, which imports 95% of its toys and infant…
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals. Upon successful completion, the acquisition will strengthen Swiss Re Corporate Solutions’ primary credit and surety insurance offering and expand its capabilities to address the risk management needs of corporate clients. The transaction supports Swiss Re Corporate Solutions’ strategic ambition to diversify its portfolio and capture new growth opportunities. QBE’s Global Trade Credit and Surety business operates in Australia, New Zealand and the UK. The portfolio is expected…
In the first case, 26-CV-987, Allstate names FocalSupply Inc., KEF Supply Inc., Medrite Equipment Inc., Pelle Supply Inc., Rupes Supply Inc., Scarlet Supply Inc., and Yasmed Inc., along with six individual operators, alleging they submitted fraudulent claims for EMTT devices, cryotherapy units, and ultrasound devices starting in April 2023. Allstate says it was defrauded of more than $975,000, with another $533,000 in unpaid claims still in the pipeline.
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said on Friday. The settlement resolves claims that PacifiCorp’s electrical lines negligently started the fires. Related: Buffett Utility Reaches Oregon Wildfire Deal With Nearly 1,500 Victims Five of the fires – Archie Creek, Echo Mountain Complex, Slater, South Obenchain and 242 – began during Labor Day weekend in 2020 and burned approximately 250,000 acres of federal land. The sixth fire, McKinney,…
Here are the ten most popular news articles, week ending February 22nd 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 February 22nd 2026: Allstate raises target to $1.2bn for Sanders Re III & Sanders Re IV catastrophe bondsAllstate is now aiming to secure by far the largest amount of reinsurance limit from a single visit to the catastrophe bond market in its long-history as…
The former girlfriend of Kansas City Chiefs wide receiver Rashee Rice alleges in a lawsuit filed this week that he physically assaulted her multiple times over a year-and-a-half, causing injuries that included bleeding and bruising. The lawsuit filed last week in Dallas County by Dacoda Jones comes after she made domestic violence allegations in a series of social media posts last month. She is seeking more than $1 million in the lawsuit, which says the assaults happened at their homes in Dallas and suburban Kansas City. In the lawsuit, Jones accuses Rice of strangling her in December 2023 after an…
President Donald Trump’s proposal for a massive gas-fired power plant in Ohio would likely create one of the nation’s largest sources of carbon dioxide emissions from electricity generation. While details of the potential $33 billion development are scarce so far, it’s intended to be led by SoftBank Group Corp. and is envisaged as having capacity of 9.2 gigawatts, according to a fact sheet from the U.S. Department of Commerce. That would make the project the biggest U.S. power plant, according to BloombergNEF data, capable of supplying millions of homes with electricity yet also delivering a significant climate impact. SoftBank declined…
A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend. In a decision made public on Friday, U.S. District Judge Beth Bloom in Miami said the evidence at trial “more than supports” the August 2025 verdict, and Tesla raised no new arguments to set the verdict aside. Tesla, led by Elon Musk, is expected to appeal. Neither Tesla nor its lawyers immediately responded to requests for comment. The case arose from an April 25, 2019, incident in Key…
Florida’s House of Representatives late Thursday voted to ask voters to end non-school property taxes on most owner-occupied homes, a move that could save some homeowners a few thousand dollars a year but, by some estimates, could cost local governments billions in revenue. The chances that the plan will make it through the Senate are far from certain, despite calls from Gov. Ron DeSantis to end most property taxes in the state. House Joint Resolution 203, offered by state Rep. Monique Miller, R-Palm Bay, and Rep. Webster Barnaby, R-DeLand, as passed by the House, would set up a statewide vote…
The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows. And more than half of that increase is caused by human-caused climate change, researchers calculated. What this means is that as the world warms, more places across the globe are prone to go up in flames at the same time because of increasingly synchronous fire weather, which is when multiple places have the right conditions to go…
“I’m honored to serve as Commercial President of Anthem Blue Cross and Blue Shield in Indiana,” Lopez-Liggett said. “I’m proud to lead a talented team dedicated to supporting our members, employer clients, and care provider partners. Together, we will continue advancing access to high‑quality, affordable healthcare across our state.”
MagMutual’s recent emphasis has been on delivering broader, healthcare‐focused insurance coverage, combining med‐mal with cyber, regulatory, business, and workers’ compensation in a coordinated program. For policyholders, MagMutual continues to highlight dividends and “financial rewards” programs, effectively sharing surplus while maintaining capital to cover claims and associated defense costs.