IAG to release US$125m from provisions after favourable court decree

Ketan Mehta joins Gallagher India as chief compliance officer

Mumbai-based Mehta has over 17 years of experience in risk management and compliance, specialising in FCPA, fraud investigations, business process reviews and regulatory compliance. 

Japanese, Korean trade insurers face US$100m+ exposure in Northvolt bankruptcy: report

The government-owned credit guarantee agencies NEXI and K-Sure had covered loans to the Swedish battery maker that filed for a Chapter 11 reorganisation in the US.

QBE Insurance promotes Jamie Kelly to group chief compliance officer

Sydney-based Kelly, who was previously interim executive/group head of risk culture and conduct, will lead the carrier’s global compliance function, reporting to group chief risk officer Fiona Larnach.

Dali owner, operator reach US$100m settlement over Baltimore bridge collapse

Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.