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Tag: insurance-journal

Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Insurance Journal | September 30, 2024
Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist Insurance Holdings), had $1.3 billion …
EU Privacy Regulator Fines Meta €91M Over Password Storage, Adding to GDPR Violations
Insurance Journal | September 30, 2024
EU Privacy Regulator Fines Meta €91M Over Password Storage, Adding to GDPR Violations
The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption. The inquiry was opened five years ago after Meta notified Ireland’s Data …
Tata iPhone Component Plant in India Halts Production Indefinitely After Fire
Insurance Journal | September 30, 2024
Tata iPhone Component Plant in India Halts Production Indefinitely After Fire
Production will remain suspended indefinitely at a Tata Electronics plant in southern India that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze. “We have …
Acquisition of UK’s Specialist Risk Group Completed by Warburg Pincus and Temasek
Insurance Journal | September 30, 2024
Acquisition of UK’s Specialist Risk Group Completed by Warburg Pincus and Temasek
Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been completed. With the necessary regulatory approvals now received, the partnership marks a …
Climate Change, Extreme Weather Bring Challenges to Chablis Wine Country in France
Insurance Journal | September 30, 2024
Climate Change, Extreme Weather Bring Challenges to Chablis Wine Country in France
On a brisk late September morning in the heart of Chablis wine country, grape pickers haul large and heavy buckets over their shoulders, drenched in sweat as they climb the very steep slope of the Vau de Vey vineyard. It’s …
Real Estate MGA Ventis Launches in Ireland
Insurance Journal | September 30, 2024
Real Estate MGA Ventis Launches in Ireland
Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …
Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast
Insurance Journal | September 30, 2024
Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast
Taiwan issued a land warning on Monday ahead of the arrival of Typhoon Krathon, which has strengthened into the equivalent of a Category 4 hurricane and is expected to cross the densely populated west coast bringing torrential rain and strong …
Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health
Insurance Journal | September 30, 2024
Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health
U.S. software firm Cloudflare has denied any role in hosting two websites run by a hacker offering for sale stolen personal data and medical records of customers of top Indian insurer Star Health. The statement comes after the company was …
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
Insurance Journal | September 30, 2024
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving at a Chinese port, loaded with crude and ready to discharge. With …
Helene Dumps Rain on Millions of US Homes That Lack Flood Insurance
Insurance Journal | September 30, 2024
Helene Dumps Rain on Millions of US Homes That Lack Flood Insurance
On Thursday night Helene crashed into Florida’s coast as a Category 4 hurricane. The giant storm with 140-mile-per-hour winds made landfall close to where Hurricane Debby hit in August and where Idalia struck just over a year ago. It quickly …