Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong August 20, 2024 By Bloomberg News Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that...
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands August 20, 2024 By Paul Tugwell and Eamon Akil Farhat Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday...
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks August 20, 2024 By Flavia Rotondi and Adveith Nair Morgan Stanley International chairman Jonathan Bloomer is among those missing, along with UK tech entrepreneur Mike Lynch, as Italian authorities...
The Era of Runaway Heat Records Is Here August 20, 2024 By Eric Roston, Matthew Griffin and Alexander Battle Abdelal Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system...
SME Broker Ardonagh Advisory to Acquire UK-Based R.K. Henshall August 19, 2024 Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd....
Net Zero’s Carbon Removal Conundrum August 19, 2024 By Alastair Marsh To achieve net-zero emissions, where emissions and removals of greenhouse gas pollution balance each other out, governments and corporations must...
UK Insurers Call for Rule Change to Establish Captive Insurance Regime August 19, 2024 By Katherine Griffiths Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth...
Europe’s $42 Billion Effort to Fight Wildfires Is an Uphill Battle August 19, 2024 By Eamon Farhat and Paul Tugwell Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...
Wildfire Near Athens Burns Area Nearly Twice the Size of Manhattan August 16, 2024 A European Union satellite mapping agency says 104 square kilometers (40 square miles) of land was burned northeast of Athens...