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EU May Keep Russian Oil Price Cap Unchanged at $44 Per Barrel to Pressure Moscow
The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow’s windfall from the Iran war and the ensuing oil price shock, EU diplomats said on Monday. …
POSTED JUNE 01, 2026 3:32 PM |
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG. Thanks to a dramatic turnaround under his predecessor, Peter Zaffino, American International Group Inc. is no longer battling …
POSTED JUNE 01, 2026 3:24 PM |
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration
Just hours after a wedding in north Georgia, a helicopter carrying the newlyweds crashed in Dawson County late Friday night, killing the pilot and the groom while injuring the bride, news sites reported. The groom, 25-year-old Dave Fiji, of Snellville, …
POSTED JUNE 01, 2026 3:11 PM |
Markets/Coverages: Navium, Overhaul Form Consortium to Cover AI Data Server Cargo
Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s (TFP’s) Pine Walk platform, announced it has partnered with the supply chain platform Overhaul, to launch a first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo. The …
POSTED JUNE 01, 2026 3:04 PM |
People Moves: Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office; Santam Syndicate 1918 Taps MS Amlin’s Geddes as CEO
This edition of International People Moves details appointments at the insurers Beazley and Santam. A summary of these new hires follows here. Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office Beazley, the leading specialty insurer, announced …
POSTED JUNE 01, 2026 2:02 PM |
Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
Just days before the civil trial on claims against the owner and operator of the cargo ship Dali was to begin, Grace Ocean and Synergy Marine settled wrongful death suits with the families of the six construction workers killed when …
POSTED JUNE 01, 2026 1:49 PM |
Activist Toms Capital Ramps Up Campaign at Voya Financial
Insurance company Voya Financial Inc. is facing increased pressure from activist investor Toms Capital Investment Management to take M&A action and make changes. Toms Capital said in a letter to Voya’s board Monday that Voya should explore options, including a …
POSTED JUNE 01, 2026 1:40 PM |
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says
Cost savings from automation are broadly falling short of projections, according to a new Bain & Co. global survey of large companies. The missed targets “should be making executives uncomfortable,” especially since many of them are approving increased spending for …
POSTED JUNE 01, 2026 1:28 PM |
California Overhauls Carbon Market Over Affordability Concerns
California has become the latest Democratic-led state to retreat on climate goals amid affordability concerns as regulators Friday revamped its carbon market to ease costs to the oil industry. The California Air Resources Board (CARB) voted to give up as …
POSTED JUNE 01, 2026 1:12 PM |
Wildfire Season Returns to Canada’s Oil Sands
Wildfire season has returned to Canada’s oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors. Canada is the world’s fourth-largest oil producer, and the bulk of its production is …
POSTED JUNE 01, 2026 11:42 AM |
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