article thumbnail

Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative Reinsurance MGA, Pinnacle Underwriting

Insurance Journal

Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in Santiago, Chile. Following completion of the acquisition, Felipe Ureta …

Retail 96
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
Insiders

Sign Up for our Newsletter

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

article thumbnail

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
article thumbnail

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
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
article thumbnail

Viewpoint: Cyber Is a Product for Everyone, so Let’s Start Acting Like it

Insurance Journal

If this latest wave of retail cyberattacks proves anything, it’s that any business in any sector and of any size can find itself breached. These aren’t fringe incidents anymore; they’re national news, hitting high-street brands and sending disruptive shockwaves through …

Retail 112
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