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August 8, 2022Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’
In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on a “masterclass in deflection” to prevent the court from granting a restraining order against All …


August 8, 2022Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded
Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …


August 8, 2022More Grain Ships Safely Depart From Ukrainian Black Sea Ports
Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain …


August 8, 2022Arthur J. Gallagher & Co. Acquires UK Risk Management Consultant, Another Day
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Another Day Ltd. Terms of the transaction were not disclosed. Founded in 2016, AnotherDay is a London-based risk management consultancy that …


August 8, 2022Insurtech Startup Quotech Announces £1 Million Investment Led by Re/insurer Convex
Quotech, the insurtech that creates data-taming systems for specialty insurers, brokers, and MGAs, has raised £1 million from a number of angel investors and Convex Group Ltd., the international specialty insurer and reinsurer. Proceeds from the fun …


August 8, 2022Lloyd’s Launches 2nd Protected Cell Company to Provide Greater Flexibility for Investors
Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance market accessibility for investors – a key deliverable of the Future at Lloyd’s project. Lloyd’s previously announced a num …


August 8, 2022AIA Weighs Purchase of Billion-Dollar Shanghai Tower as Its Expands Business in China
Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it expands business in China, according to people familiar with the matter. The Hong Kong-based insurer is considering buying SIIC Center, …


August 8, 2022Alex Jones’ $49.3M Verdict and the Future of Misinformation
Alex Jones is facing a hefty price tag for his lies about the Sandy Hook Elementary School massacre – $49.3 million in damages, and counting, for claiming the nation’s deadliest school shooting was a hoax – a punishing salvo in …


August 8, 2022Ukraine Nuclear-Plant Disaster Is ‘Real Risk,’ IAEA Warns
Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the head of the UN’s atomic safety agency warned of “potentially catastrophic consequences.” Russian shells landed near spent …


August 8, 2022Energy Transfer Reports Louisiana Natgas Pipeline Ruptured in July
Energy pipeline operator Energy Transfer has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with the U.S. National Response Center. The July 22 leak, the equivalen …

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