article thumbnail

Private Credit’s Push for Retail Money Stokes New Vulnerability

Insurance Journal

Private credit’s rush to attract money from retail investors is making the sector more vulnerable to the kind of liquidity mismatches found in traditional lenders, the Bank for International Settlements warned in a report on Tuesday. Direct lenders usually provide …

Retail 83
article thumbnail

Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer. The Co-op, which is …

Retail 66
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Beef Between Wholesale and Retail Agents Should Go to Trial, Court Finds

Insurance Journal

A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed to trial. In a case with origins back …

Retail 105
article thumbnail

Unison Risk Advisors Adds Avondale as First to Join Its Non-Retail Division

Insurance Journal

Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company across all …

Retail 111
article thumbnail

Walmart, World’s Biggest Retailer, Will Curb Diversity Efforts

Insurance Journal

The world’s biggest retailer will no longer consider race and gender to boost diversity when … Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists.

Retail 115
article thumbnail

New York State Mandates Panic Buttons for Large Retailers

Insurance Journal

New York Governor Kathy Hochul on Thursday signed a new law requiring retailers to boost safety protections for store workers, including requiring major chains to add panic buttons in all New York State locations. Unions representing retail workers had pushed …

Retail 102
article thumbnail

Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit

Insurance Journal

Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Also announced was the appointment of Takuya Aibe as CEO of …

Retail 105