Deadly Explosion in Korea Revives Concerns Over Battery Safety June 25, 2024 By Heesu Lee and Heejin Kim A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells...
EU Adds 27 Russian Vessels to List of Entities Under Sanctions June 25, 2024 By Julia Payne The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under...
R&Q Files for Liquidation in Bermuda, Agrees to Sell Legacy Unit Inceptum June 24, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. confirmed it filed on June 21 an application with the Bermuda Supreme Court to appoint provisional...
Blaze at South Korea Lithium Battery Plant Kills 22 Workers June 24, 2024 By Daewoung Kim, Hongji Kim and Hyunsu Yim A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers,...
Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy June 24, 2024 Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy....
Europe Braces for Heat Following Greek Fires and Swiss Floods June 24, 2024 By Jessica Shankleman European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High...
Probe of Russian Hack on London Hospitals May Take Weeks; Data-Dump Worries Grow June 24, 2024 By Pan Pylas An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks...
Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt June 24, 2024 By Gautam Naik There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset...
Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US June 21, 2024 By Seth Borenstein Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking...
Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty June 21, 2024 K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of...