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Apollo to Tap Rich, Retail Clients in Asia for Asset Growth

Insurance Journal

said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. Apollo Global Management Inc. Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that …

Retail 85
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After 46-Day Cyberattack Pause, British Retailer M&S Resumes Online Orders

Insurance Journal

British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. Shares in M&S, one of the best-known names in British business, were up 3.5% after it restarted standard home …

Retail 93
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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
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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
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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
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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
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Customers Find Orders Blocked, Shelves Empty With Retail Cyberattacks on the Rise

Insurance Journal

A string of recent cyberattacks and data breaches involving the systems of major retailers have started affecting shoppers. United Natural Foods, a wholesale distributor that supplies Whole Foods and other grocers, said this week that a breach of its systems …

Retail 103