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People Moves: Lloyd’s Appoints Bichard From PwC as CFO, Succeeding Cliff
Lloyd’s, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer. He will start in April 2026 and will become a member of Lloyd’s Executive Team, reporting directly to Patrick Tiernan, chief executive, and …
POSTED JANUARY 16, 2026 12:24 PM |
Greensill Bank Sues UK Government for $441 Million Over COVID Loan Guarantees
Greensill Bank, a subsidiary of collapsed finance firm Greensill Capital, is suing Britain’s business department for just over 330 million pounds ($441.7 million) after it canceled guarantees for COVID-19 business loans, court documents showed. The administrators of the German-based bank …
POSTED JANUARY 16, 2026 9:33 AM |
Venezuelan Oil Industry Is Running on WhatsApp After Cyberattack
Venezuela’s oil industry is running its day-to-day operations via phone calls and handwritten reports in the month since a cyberattack on state-owned oil giant Petróleos de Venezuela SA. A Dec. 15 attack shut down PDVSA’s system, leaving the company to …
POSTED JANUARY 16, 2026 9:21 AM |
Fitch Warns of Eastern European Downgrades if Greenland Strife Cracks NATO
A raft of European countries could face a one-notch credit rating downgrade if tensions with the U.S. over Greenland fracture NATO and raise the prospect of more trouble with Russia, Fitch’s top sovereign analyst said on Thursday. Fitch already applies …
POSTED JANUARY 16, 2026 9:11 AM |
Ex-PIMCO Executive Scores Milestone on Launch of Catastrophe Bond ETF
An exchange-traded fund tied to bets on natural disasters has started trading in London, after becoming the first such ETF to attract a lead market maker. The KRC Cat Bond UCITS ETF was launched with the goal of drawing more …
POSTED JANUARY 16, 2026 9:01 AM |
NAIC Names Committee Leaders for 2026
The National Association of Insurance Commissioners (NAIC) recently announced its 2026 committee leadership “Chosen by their peers, our 2026 committee leaders bring unique skills, backgrounds, and viewpoints to the challenges and opportunities we face, reflecting the strength of the state-based …
POSTED JANUARY 16, 2026 7:50 AM |
US Senators Introduce Long-Awaited Bill to Define Crypto Market Rules
U.S. senators late on Monday unveiled draft legislation that would create a regulatory framework for cryptocurrency which, if signed into law, would clarify financial regulators’ jurisdiction over the burgeoning sector, potentially boosting digital asset adoption. The crypto industry has long …
POSTED JANUARY 16, 2026 6:34 AM |
Publishers Seek to Join Lawsuit Against Google Over AI Training
Publishers Hachette Book Group and Cengage Group asked a California federal court on Thursday for permission to intervene in a proposed class action lawsuit against Google over the alleged misuse of copyrighted material used to train its artificial intelligence systems. …
POSTED JANUARY 16, 2026 6:14 AM |
South Africa Closes Kruger Park as Deadly Floods Kill Dozens
Deadly floods prompted South Africa’s iconic Kruger National Park to shut to further visitors, after extreme rainfall killed dozens in the northeast of the country and neighboring Mozambique. The South African Weather Service on Thursday issued its highest weather warning …
POSTED JANUARY 16, 2026 6:10 AM |
Polish Premier Blames Russia for Cyberattack on Energy Facilties
Poland fought off a wave of cyber threats from Russia which targeted its energy infrastructure in December, Prime Minister Donald Tusk said. A series of attacks in the last days of the month hit two power plants and renewable energy …
POSTED JANUARY 16, 2026 6:05 AM |
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