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Ocean Heat Threatens to Supercharge Storm Season in Europe
Rising temperatures in the ocean now have the potential to cause intense storms in Europe later this year, according to new research. The Mediterranean sea is heating up twice as fast as the average for oceans in the rest of …
POSTED AUGUST 19, 2026 1:22 PM |
At-Bay to Be Acquired by Munich Re for $575 Million
Munich Re Group on Aug. 19 said it has agreed to acquire cyber insurtech At-Bay, Inc. for $575 million. The cyber insurance and managed detection and response (MDR) provider primarily serving small- to medium-sized enterprises in the U.S. will be …
POSTED AUGUST 19, 2026 12:42 PM |
Latin American P/C Insurers Enter Softer Market but Earnings Stay Resilient
Latin American non-life insurers are moving into a softer part of the cycle, but they are doing so from a position of relative strength. After two years of pricing adjustments in response to the effects of the pandemic and the …
POSTED AUGUST 19, 2026 12:17 PM |
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US
To establish an operational presence in the U.S., reinsurance broker Willis Re on Aug. 18 said it is acquiring BMS Re, US. The deal includes BMS Intermediaries Inc. and BMS Capital Advisory LLC, as well as the associated US reinsurance …
POSTED AUGUST 19, 2026 12:11 PM |
Data Center Gas Plants to Boost US Power Emissions by 20%
Data center developers are turning to bespoke natural-gas power plants, a development that promises to dramatically increase carbon emissions and make it harder for US technology companies to meet their lofty climate goals. Ninety-nine proposed plants tracked by BloombergNEF would …
POSTED AUGUST 19, 2026 11:48 AM |
Second Suspect in Nord Stream Blasts Arrested in Croatia: Prosecutors
A second suspect accused of taking part in the 2022 Nord Stream gas pipeline blasts has been arrested in Croatia and will be extradited to Germany, said German prosecutors on Wednesday. In its statement, the federal prosecutors’ office identified the …
POSTED AUGUST 19, 2026 10:20 AM |
Estonia Probes Russia Link in Fire at Defense Manufacturer
Estonian authorities are investigating potential Russian involvement in a fire that broke out at a building used by defense company Milrem Robotics, according to Prime Minister Kristen Michal. The prosecutor’s office said on Tuesday it suspected an arson attack at …
POSTED AUGUST 19, 2026 9:51 AM |
Canadian Firms Have $360 Billion of Private Credit Exposure, Mostly in US
Canadian financial institutions and funds have amassed roughly C$500 billion ($360 billion) of exposure to private credit, most of it outside the country, according to new research from the central bank. The bulk of the activity is in the US …
POSTED AUGUST 19, 2026 9:27 AM |
People Moves: Aon Appoints Leadership for N.A. Middle Market, Names Hammond Global Exec Chairman of Middle Market; Guy Carpenter Promotes New Global P/C Leaders
Guy Carpenter, a business of Marsh, appointed David Duffy as global property leader and Chris Ross as global casualty leader. Based in New York, Duffy and Ross will report to John Trace, CEO of North America and chief broking officer, …
POSTED AUGUST 19, 2026 5:49 AM |
Regulator Objections Quantified: ZestyAI Says 44% of Filings Have at Least One
ZestyAI said it looked at tens of thousands of home, auto, and commercial property rate filings in all 50 states and found just how long regulator objections can hold up the approval process. About 44%, or 8,776, of filings analyzed …
POSTED AUGUST 19, 2026 5:16 AM |
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