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Insurance Australia Group Settles $2 Billion Credit Suisse Lawsuit Over Greensill Collapse
Insurance Australia Group (IAG) said on Friday it had agreed to settle an A$2.8 billion ($1.96 billion) Credit Suisse lawsuit over losses linked to the collapse of finance firm Greensill Capital. Here are some key details: The insurer did not …
POSTED SEPTEMBER 25, 2026 9:05 AM |
People Moves: Garcia Joins InsurBanc as President and CEO
InsurBanc, headquartered in Farmington, Connecticut, named Lou Garcia as president and CEO. Garcia brings more than 25 years of leadership experience in investment banking, alternative asset management and financial services to his new role at InsurBanc. He will be responsible …
POSTED SEPTEMBER 25, 2026 5:50 AM |
Markets/Coverages: Beazley Expands Cyber Protection for AI; Huntersure Launches Media E&O
Beazley announced new cyber cover to support businesses manage the risks arising from their own use of AI. Beazley’s latest endorsements respond to risks that can emerge when businesses deploy AI within their own operations. An industry-first AI Voluntary Shutdown …
POSTED SEPTEMBER 25, 2026 5:50 AM |
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk
For years, artificial intelligence researchers have warned of ways the technology could wipe out humanity: AI bots could design an unstoppable disease, unleash a nuclear war, or transform all of Earth into paper clip factories, as one thought experiment goes. …
POSTED SEPTEMBER 25, 2026 5:30 AM |
Singapore’s Finance Firms to Train 80,000 Staff in AI Skills
Singapore’s major financial institutions pledged to train more than 80,000 local employees in AI skills as the country moves to cushion white-collar workers from potential job disruption. A pioneer batch of 23 banks, insurers and asset managers has committed to …
POSTED SEPTEMBER 25, 2026 5:10 AM |
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