A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy…
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Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal…
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Poland’s Tusk Says Act of Sabotage Behind Railway Explosion
Polish Prime Minister Donald Tusk said an explosion that damaged a railway route linking Poland with Ukraine was an act of sabotage, as the country confronts rising hybrid threats from Russia.
“The explosion was most possibly intended…
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Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
The Arctic cold snap hitting Europe this week will be a test for thousands of Polish families that in recent years replaced coal furnaces with solar panels and heat pumps to heat their homes.
Temperatures are expected to drop to -5C…
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Businessman Accused in Trafigura Nickel Nightmare Goes on Trial
More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the scam.
Proceedings…
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Property Cat Reinsurance MGA, Bobcat Re, Launched in US by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. Jackson from Safepoint.
Headquartered in…
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Chubb Insurance Malaysia Files for Malaysia IPO
Chubb Insurance Malaysia Bhd has filed for an initial public offering on Bursa Malaysia to sell 300 million existing shares, or 30% of its issued capital, via an offer for sale by its sole shareholder, Chubb INA International Holdings, according…
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K2 and Dale Get ‘In Principle’ Nod From Lloyd’s to Launch Syndicate 1954
Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.’s Lloyd’s Syndicate 1729, and K2 Insurance Services, an independent MGA platform, have received “in principle” approval from Lloyd’s to launch Syndicate…
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The Danger of Humans and Machines Hallucinating Together
In the preceding weeks, Chail had been confiding in Sarai, his AI chatbot on a service called Replika. He explained that he was a trained Sith assassin (a reference to Star Wars) seeking revenge for historical British atrocities, all of which…
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HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday.
Hewlett…
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