Insurance Journal News Feed

Insurance Journal news feed

1. Hackers Target Australia’s Largest Pension Funds in Coordinated Attacks

   Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. National Cyber Security …

2. Generali to Comply With Government’s View on Natixis Deal, CEO Tells Newspaper

   Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday. Generali in January signed a non-binding accord …

3. SCOR Placed Under Court Examination for Allegations Against Former Chair Kessler

   French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022. SCOR said it firmly …

4. Dallas Fed Warns of Slowing Growth in Trade-Reliant Texas

   Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, according to the Federal Reserve Bank of …

5. Microsoft Pulls Back on Data Centers From Chicago to Jakarta

   Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. The software company has recently halted …