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Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal

by lpiccitto | Oct 1, 2025 | Uncategorized

B.P. Marsh & Partners Plc, the specialist private equity investor, announced it has taken a minority stake in Oneglobal, the London-based retail and wholesale insurance broker, which is majority owned by PE firm J.C. Flowers & Co. The investment will …

Texas to No Longer Issue Commercial Drivers Licenses for Many Immigrants

by lpiccitto | Oct 1, 2025 | Uncategorized

Texas will no longer issue or renew commercial driver’s licenses to DACA recipients, refugees or people with asylum, the Texas Department of Public Safety announced Monday. Commercial driver’s licenses, or CDLs, are for driving vehicles for business purposes, such as...

Volkswagen Loses Top Court Case Over Diesel Deal With Ex-CEO

by lpiccitto | Sep 30, 2025 | Uncategorized

Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company more than €30 billion...

Lengthy Government Shutdown to Impact Insurers, Says AM Best

by lpiccitto | Sep 30, 2025 | Uncategorized

Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with...

Chinese Hackers Breached Foreign Ministers’ Email Servers

by lpiccitto | Sep 30, 2025 | Uncategorized

Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange...

Private Credit Could Amplify Shock in Next Crisis, Fitch Says

by lpiccitto | Sep 30, 2025 | Uncategorized

Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already...
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