Insurance Journal News Feed

Insurance Journal news feed

1. Carney Calls for Global Tech Body to Boost AI Guardrails

   Canada wants to see the creation of a global “technology stability” body to help oversee artificial intelligence and ensure it is safe, Prime Minister Mark Carney said. “There’s a need for coordination,” Carney said in an interview with Bloomberg News …

2. Canadian Insurer Sagen Plans to Raise Around C$300 Million

   Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter. The debt will likely mature in seven years, the …

3. British Hedge Fund Founder Odey Loses Appeal Against Industry Ban

   Former hedge fund manager Crispin Odey lost his appeal on Monday against an industry ban for hampering an internal disciplinary investigation into sexual harassment allegations, although a fine imposed on him by Britain’s financial watchdog was reduced. A spokesperson for …

4. People Moves: Ascot Aligns US Business for Next Phase of Growth

   Ascot announced a series of changes to its U.S. operating and distribution model, including a new U.S. regional executive leadership team, an expanded North America distribution role and the consolidation of seven U.S. business segments into five product verticals. These …

5. Trump Dismisses AI Safety Alarm, Says US Already Has Tools to Police Industry

   President Donald Trump said on Sept. 14 that the U.S. already has guardrails in place to regulate and prosecute AI companies, appearing to play down concerns expressed by industry leaders over the weekend about misuse of artificial intelligence. “The only …