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Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

by AIP Online Bureau | Apr 24, 2026 | Eco/Invest/Demography, International News, Technology

Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have ​previously said the claim was worth up to 2.1 billion pounds ($2.8 ​billion). LONDON: Microsoft must...
War risks insurers win bid to appeal UK ruling on jets lost in Russia

War risks insurers win bid to appeal UK ruling on jets lost in Russia

by AIP Online Bureau | Mar 31, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

London’s High Court ruled in June that AerCap can recover just over $1 billion from its “war risks insurers,” though that was less than the roughly $2 billion it sought under a broader all-risks clause. London:Insurers, including Chubb, Fidelis and syndicates at...
Post Brexit,UK seeks closer EU ties on financial services for growth

Post Brexit,UK seeks closer EU ties on financial services for growth

by AIP Online Bureau | Mar 22, 2026 | Eco/Invest/Demography, Policy, Regulation

Six years after Britain left the European Union, Keir Starmer’s Labour administration is trying to forge closer links with the bloc, and Reeves has identified financial services as a key area that can help revive the UK’s stuttering economy. As part of that, ministers...
US allies see no way of opening Hormuz Strait during war

US allies see no way of opening Hormuz Strait during war

by AIP Online Bureau | Mar 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...
Zurich Insurance to acquire UK’s Beazley for $11 billion

Zurich Insurance to acquire UK’s Beazley for $11 billion

by AIP Online Bureau | Mar 2, 2026 | International News, Non-Life, Reinsurance, Technology

“Together with Beazley, we will create the world’s ​leading Specialty underwriter, with around $15 billion of pro forma gross written premiums, exceptional underwriting ‌expertise ⁠and data capabilities, and leading access to global distribution,” said...
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