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Insurance Australia Group (IAG) has reached a confidential settlement with Credit Suisse entities over approximately A$2.8bn of claims arising from the collapse of Greensill, in the latest step towards winding down a major trade credit insurance dispute. IAG said in a new update today that its subsidiary Insurance Australia Limited (IAL) had agreed to settle…
First, came the discovery that a lot of mass-produced paprika comes from a type of sweet bell pepper (Capsicum annuum), which offers next to no heat. Then, I found out that cloves are the dried buds and stems from clove tree branches and capers are actually flower buds, hand-picked, dried, salted, and sometimes brined before…
Maya Jama is pouring water on the speculation that she and her famous ex, Stormzy, are back together. The Love Island host found herself at the centre of rumours earlier this week, when fans spotted that she and the Vossi Bop rapper were once again following each other on Instagram. Fuelling the rumours even further…
Artificial intelligence (AI) and supply chains open new pathways to systemic stress as risks become increasingly interconnected, a new joint analysis by Swiss Re Institute and LSE finds. The research, which analysed filings from 91 Fortune-100 companies between 2019 and 2016, revealed a 24% increase in the links between risks, with AI and supply chains…
Aon, a global insurance and reinsurance broker and risk advisor, has launched a new insurance solution, Global Onshore Renewables Facility, which combines dedicated insurer capacity for onshore wind, solar photovoltaic and battery storage projects valued up to $300 million. The solution has been designed to help developers, owners, and contractors manage risk and access capital…
Celebrity stylist Law Roach has insisted that his most famous client, Zendaya, was totally fine with him telling the world that she and Tom Holland were already married. Back in March, Law was the first person to reveal that Zendaya and Tom had privately wed, after a reporter questioned what he’d be dressing her in…
Tom Cruise has insisted it was no walk in the park to undergo the physical transformation required for his latest film role. During a new interview on The Graham Norton Show, the Oscar nominee opened up about what went into making his new movie Digger – including six hours’ worth of makeup and prosthetics work….
Lumos Insurance, a wholly owned subsidiary of financial services holding company Hoplon Capital, has appointed Ian Meadows as Senior Vice President and Managing Director, Global Property Casualty & Specialty Insurance. The company provides insurance products to banks, credit unions and specialty lenders, with operations spanning credit protection, specialty property and casualty, and life and health…
Dakota Johnson has lifted the lid on working with Taylor Swift on the Grammy winner’s music video for her new single. Earlier this week, it was announced that the Fifty Shades Of Grey star would appear alongside Colin Farrell in the Patient Zero music video, which Taylor directed herself. The news broke right when Dakota…
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Caitlin Shea McGrath as Head of Excess & Surplus (E&S), US. She has over 17 years experience in specialty insurance, and joined Swiss Re CorSo five years ago. Most recently, she led the firm’s North America Crisis Management business, before…