Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board May 27, 2022 By Gianluca Semeraro and Stefano Bernabei Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday,...
People Moves: Great American Promotes Mulvey; Rivera Succeeds Lubrano at Berkley Product Recall; Fusion Names U.S. Team for M&A May 27, 2022 Great American Promotes Mulvey to Divisional President Great American Insurance Group recently announced the promotion of Michael B. Mulvey to...
Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business May 27, 2022 Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in...
Russia Plans to Seize Local Units of Western Firms That Try to Exit Country May 27, 2022 By John O'Donnell Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide...
Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change May 27, 2022 A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial...
Dutch Insurer NN Group Expects to Accelerate Exit From Coal Investments May 27, 2022 By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due...
Financial Services Firms Face Disclosure Requirements for Biodiversity Investments May 27, 2022 By Divya Chowdhury and Jessica DiNapoli DAVOS, Switzerland – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements...
Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid May 27, 2022 By Luc Cohen and Tom Hals Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief...
North Carolina Unveils Flood-Warning System for Roads May 27, 2022 The North Carolina Department of Transportation has armed itself with an advanced flood-warning system designed to help pass the word...
New York City Firms’ Return-to-Office Plans Face Persistent COVID Headwinds May 27, 2022 By David Randall Efforts by financial firms and others to bring workers back to Manhattan offices more than two years after the start...