As Mountain Glaciers Melt, Risk of Catastrophic Flash Floods Rises for Millions March 24, 2025 By Suzanne O'Connell and Alton C. Byers In mountain ranges around the world, glaciers are melting as global temperatures rise. Europe’s Alps and Pyrenees lost 40% of...
Heathrow Shutdown Raises Concerns Over Contingency Planning March 21, 2025 By Joanna Plucinska and Tim Hepher The closure of Britain’s Heathrow Airport is set to affect the global aviation system for days at a cost of...
Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs March 21, 2025 MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion)...
Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped March 21, 2025 By Melissa Shin The Delta Air Lines Inc. plane that flipped over as it landed in Toronto last month was warned about its...
UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis March 21, 2025 By Polina Devitt and Eric Onstad Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three...
Germany Confiscates Tanker in Russian ‘Shadow Fleet,’ Spiegel Reports March 21, 2025 By Rachel More and Friederike Heine Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of...
Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ March 21, 2025 By Damian Shepherd and Jack Sidders Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up...
AI Is Turbocharging Organized Crime, EU Police Agency Warns March 20, 2025 By Mike Corder The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations...
Share Offering for Brazil’s Caixa Seguridade Totals $216 Million March 20, 2025 A secondary share offering for Brazilian insurance firm Caixa Seguridade was priced at 14.75 reais per share, the company said...
Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture March 20, 2025 By Preeti Singh and Saikat Das Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business...