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Business Moves: White Mountains Completes Sale of Bamboo White Mountains said it has completed the sale of a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. In October, White Mountains announced the deal to CVC, valuing Bamboo at $1.75 billion. Hamilton, Bermuda-based …
POSTED DECEMBER 08, 2025 2:27 PM |
Pierce Named CEO of GEICO as Combs Resigns Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business inside and out. She’s practical, decisive and focused …
POSTED DECEMBER 08, 2025 2:06 PM |
Florida Republicans Urge Trump to Back Off Offshore Drilling Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. A letter signed by Republican Sens. Rick Scott and Ashley Moody …
POSTED DECEMBER 08, 2025 1:54 PM |
Health Department Unveils Strategy to Expand its Adoption of AI Tech The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s enthusiastic embrace of the rapidly advancing technology while raising questions about how health information would …
POSTED DECEMBER 08, 2025 1:48 PM |
McKinsey Says Recovery From South Africa Scandals to Take Years Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state corruption scandals will be a long process, its top executives in Africa said, adding that the consulting firm is biding its time on resuming bidding for …
POSTED DECEMBER 08, 2025 1:48 PM |
People Moves: Donegal Announces Key Marketing Promotion, Retirement Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Josh Mussmon to vice president of marketing operations. Mussmon succeeds Bill Anderson, who will retire from Donegal in January as senior vice president of marketing operations. Mussmon joined the Donegal team as …
POSTED DECEMBER 08, 2025 1:15 PM |
New Jersey Joins States Creating Volunteer Cybersecurity Corps New Jersey is joining a number of other states in launching a volunteer cybersecurity force to support government entities, infrastructure providers, and community organizations across the state prevent and recover from cyber attacks. The New Jersey Civilian Cyber Resilience Corps …
POSTED DECEMBER 08, 2025 1:02 PM |
EU, G7 Weigh Ban on Maritime Services for Russian Oil Exports, End to Price Cap The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …
POSTED DECEMBER 08, 2025 12:56 PM |
Demystifying the Data Landscape: Lake, Warehouse and Lakehouse Explained The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse” may sound interchangeable, but each plays a very different …
POSTED DECEMBER 08, 2025 12:36 PM |
UK Should Go for Bolder Revamp of Rules in Financial Services Sector, Lady Mayor Says The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is that it’s not …
POSTED DECEMBER 08, 2025 12:25 PM |
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