Ship Manager Admits Guilt for Dumping Oily Water Near New Orleans Coast

Eagle Ship Management LLC, based in Stamford, Connecticut, has admitted to illegally dumping oily waste into U.S. waters near New Orleans. The company’s foreign-flagged bulk carrier, the M/V Gannet Bulker, was involved in the discharge of about 10,300 gallons of oil-contaminated bilge waste without using the necessary pollution controls or proper records. This misconduct came … Read more

Casualty reinsurance market adjusts to social inflation and capital influx while maintaining discipline.

The casualty reinsurance market is showing resilience despite ongoing challenges like social inflation, reserve uncertainties, and increased competition from insurance-linked securities (ILS) capital. Bob Forness, CEO of Bermuda-based MultiStrat, shared insights into the current state of the market and its future outlook. Social inflation continues to be a major hurdle. This trend is driven by … Read more

Program Power: IBA is now live at TMPAA

The 25th Annual Summit of the Target Markets Program Administrators Association (TMPAA) is happening this week in Scottsdale, drawing a large crowd that highlights how much the program business has grown over the years. What began as a small gathering of about 150 people has now grown to more than 1,800 attendees at the Westin … Read more

Global cyberattacks trigger legal surge, disproportionately impacting smaller organizations

Big cyber attacks on well-known brands like Mango, Jaguar Land Rover, Gucci, and British Airways have made headlines recently. But legal experts say the focus is shifting. Instead of just huge breaches making news, smaller cyber incidents are now also stirring up lawsuits and regulatory investigations. Josh Mooney, who leads cyber and data privacy at … Read more

Personnel Updates: Allianz Commercial Names Nguyen-Huu, Lascar, and Head to Portfolio Solutions Team; Canopius Elevates Pinnington to Head of Marine & Energy Treaty

Allianz Commercial and Canopius Group have announced a series of important leadership changes that will shape their businesses in the coming months. Starting in August 2025, Doan Nguyen-Huu will take the helm as the global head of Portfolio Solutions at Allianz Commercial. She will succeed Claudia Valencia Lascar, who plans to leave the company at … Read more