U.S. takes action after wanted cartel leader’s face shown at concert
The controversy broke out when the face of “El Mencho” — who has a $15 million bounty on his head in the U.S. — was projected behind the band.
May 2025
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Strong performance for global P&C reinsurers in 2024, with challenges ahead: Morningstar DBRS
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of potential challenges ahead amid market volatility, geopolitical risks, and natural catastrophe events. Morningstar DBRS has shared commentary on the global property and…
Howden names Brigitte Trafford as Group Chief Corporate Affairs Officer
Global insurance and reinsurance broker Howden has appointed Brigitte Trafford to the newly created role of Group Chief Corporate Affairs Officer, effective immediately. In the role, Trafford will report directly to David Howden, the Chief Executive Officer, and join the Global Leadership Team. She will lead the broker’s brand and marketing, communications, PR, public affairs,…
Tufts declares support for student detained by ICE, seeks immediate release
Tufts University is seeking the release of international graduate student Rumeysa Ozturk, who was taken into custody by federal agents.
Mayor resigns after texting sexually explicit video to city attorney
Minot Mayor Tom Ross sent the lewd video minutes after he and the city attorney had a phone call discussing a police officer’s suicide.
Judge in Boston to hold hearing on detained Tufts Ph.D. student
ICE agents took Turkish Ph.D. student Rumeysa Ozturk into custody near Tufts, revoked her visa and moved her to a detention center in Louisiana last week.
Vivere to fund strategic expansion with new $7.5m investment
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talent and develop advanced technology infrastructure. Founded by insurance and engineering experts, and led by Chris McKechnie and Sachith…
Specialty MGAs Nirvana and Pulse to merge
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is a leading media…
Ariel Re appoints Rohan Pai as Chief Financial Officer
Global reinsurer Ariel Re has announced the appointment of Rohan Pai as Chief Financial Officer, effective April 1st, 2025. Based in Bermuda, Pai will oversee Ariel Re’s financial reporting and treasury functions, supporting the company’s growth and its commitment to being the Premier Manager of Reinsurance Risk. Pai brings nearly 25 years of industry experience…
Verisk acquires Nasdaq subsidiary Simplitium Limited
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where specialised model partners share models, hazard data, and analytics to help bridge the global insurance protection gap. Built on Open Standards,…