City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs October 16, 2024 By John O'Donnell, Elisa Martinuzzi and Andy Bruce Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of...
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline April 4, 2023 By Jonathan Saul, Carolyn Cohn, Christoph Steitz and John O'Donnell German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens December 20, 2022 By John O'Donnell European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling...
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...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack February 9, 2022 By John O'Donnell and Huw Jones FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount,...
Zurich Insurance Deploys Robots for Personal Injury Claims Handling May 18, 2017 By Brenna Hughes Neghaiwi and John O'Donnell Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour...
Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs March 15, 2017 By John O'Donnell and Padraic Halpin Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms...
Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin August 30, 2016 By John O'Donnell and Padraic Halpin Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin,...
Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments July 8, 2016 By John O'Donnell and Lawrence White The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded...