August 7, 2026Major Hedge Funds Targeted in Wave of Attempted Cyberattacks
Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that i …

August 7, 2026Allstate Introduces Large Language Model, ALLIE
Allstate CEO Tom Wilson said the insurer has a “technology-drive strategy, not a strategy supported by technology.” And the next step in the strategy is the build of ALLIE – Allstate’s Large Language Intelligent Ecosystem. Speaking to analysts during …

August 7, 2026Washington Arson Suspect Timed Fire for High Wind Day
The 37-year old man suspected of starting one of the fires burning around Spokane, Washington told a detective that he planned the arson attack for Sunday to coincide with a “high winds” day, according to court documents. That blaze was …

August 7, 2026AIG’s General Insurance Q2 Underwriting Income Up 10%
Second quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 10% compared with the prior year, to $686 million. Insurance financial results for Q2 included catastrophe losses of $210 milli …

August 7, 2026Munich Re Posts Better-Than-Expected Profit Amid Low Loss Claims
German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. Net profit in the quarter of €2.211 billion ($2.55 billion) compares …

August 7, 2026AXA XL to Acquire Corporate Intelligence and Cybersecurity Consultancy, S-RM
AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cybersecurity consultancy — raising its shareholding from approximately 49% to 100% ownership. Financial details of the deal, wh …

August 7, 2026Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources …

August 7, 2026NOAA Maintains Forecast for Below-Normal Atlantic Hurricane Season
Nearly halfway through the 2026 Atlantic hurricane season, NOAA’s prediction of below-normal activity in the Atlantic basin remains unchanged. Today, forecasters from NOAA’s National Weather Service updated the number of expected named storms to 7-13 …

August 7, 2026People Moves: Aon Names Fletcher Head of M&A, Transaction Advisory, North America
Aon named Tim Fletcher head of M&A, transaction advisory and financial services, North America. Fletcher has over 20 years of industry experience and has served as national practice leader for Aon’s Financial Services Group (FSG) for five years. …

August 7, 2026Pressured by Tesla, European Regulators Keep ‘Full Self-Driving’ Safety Data Secret
Four months ago, the Netherlands approved Tesla’s Full Self-Driving (FSD) system and has since then advocated for its adoption across the EU. But Dutch road regulator RDW won’t tell the public why it concluded the driver-assistance system is safe or …