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Peak Re Names Swiss Re’s Kuk as CEO, Succeeding Co-Founder Hahn
Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer that specializes in emerging markets, announced that Victor Kuk will become chief executive officer, effective April 20, 2026, subject to regulatory approval. Kuk is succeeding Franz-Josef Hahn, co-founder and CEO of Peak …
POSTED MARCH 24, 2026 4:09 PM |
Groups Push for Federal Court Rule to Disclose Litigation Funding
The Lawyers for Civil Justice and the U.S. Chamber of Commerce Institute for Legal Reform are seeking a federal rule to require the disclosure of third-party litigation funding. Currently, the matter is handled in federal courts with mixed results. According …
POSTED MARCH 24, 2026 4:08 PM |
Gulf Energy Industry Will Take Years to Recover From Iran War
It took just days for the Iran war to hobble oil fields, refineries and gas plants across the Persian Gulf, but it could take years to restore their full potential as the conflict drags on. More than three weeks of …
POSTED MARCH 24, 2026 3:48 PM |
Vortex Weather Launches Parametric Hail Product
Vortex Weather Insurance announced the formal launch of direct sales for its HailSafe parametric hail insurance product. Previously available only through third-party vendors, HailSafe can now be purchased directly from Vortex by brokers and weather‑exposed businesses, including open car lots, …
POSTED MARCH 24, 2026 3:01 PM |
Texas to Ban Smokeable Hemp on March 31
New state rules that eliminate natural smokeable hemp products and increase licensing fees will go into effect at the end of the month. Hemp industry leaders say these new regulations will eliminate a majority of their inventory and force those …
POSTED MARCH 24, 2026 2:57 PM |
People Moves: Maryland Appoints Two Associate Insurance Commissioners
Maryland Insurance Commissioner Marie Grant appointed Megan Mason as associate commissioner of life and health and Giri Govada as associate commissioner of operations and technology. Mason will oversee the agency’s life and health division, which is composed of the rates …
POSTED MARCH 24, 2026 2:56 PM |
SoftBank’s Son Says Ohio Data Center to Be $500 Billion Project
SoftBank Group Corp. is developing a data center-focused project in Ohio so massive that Chief Executive Officer Masayoshi Son said it would channel $500 billion into a single campus. “We are going to do the largest construction project in the …
POSTED MARCH 24, 2026 2:54 PM |
Valero Port Arthur Refinery Has Fire at Diesel Hydrotreater
Valero Energy Corp. responded to a fire in a unit at its Port Arthur refinery in Texas on Monday, adding pressure to a US fuels market that’s already seen prices skyrocket due to the Middle East war. A fire broke …
POSTED MARCH 24, 2026 2:49 PM |
California Sues Department of Energy Over Sable Oil Pipeline Restart
California Attorney General Rob Bonta said on Monday he has sued the U.S. Department of Energy to stop it from using a Cold War-era law to restart the long-disputed Sable Offshore pipeline system linking the Santa Ynez offshore platform to …
POSTED MARCH 24, 2026 2:37 PM |
High-Grade Borrowers Jump Back Into Bond Market After Halt
The US investment-grade bond market reopened Monday following a three-session pause in activity, as concerns over the Iran conflict ease. Six firms raised a combined $7 billion from high-grade debt offerings, after President Donald Trump said he would postpone strikes …
POSTED MARCH 24, 2026 2:12 PM |
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