Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date December 19, 2023 By Frances Schwartzkopff The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation...
Magnitude 6.2 Quake Kills More Than 100 in China’s Northwest December 19, 2023 By Bloomberg News Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by...
Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field December 19, 2023 By Laura Hurst Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank...
Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands December 19, 2023 By Alaric Nightingale A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off...
Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks December 19, 2023 By Rachel Graham, Brendan Murray and Alex Longley Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...
Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela December 19, 2023 By Kevin Crowley and Alex Longley One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating...
CVC Completes Deal to Take Majority Investment in Dale Underwriting Partners December 18, 2023 Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment...
Initial Insured Losses for Windstorm Ciarán (aka Emir) Estimated at €1.9B: PERILS December 18, 2023 Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to...
Britain’s National Grid Drops China-Based Supplier Over Cyber Security Fears: FT December 18, 2023 By James Pearson and Alexander Marrow Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge December 18, 2023 London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge...