City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment June 20, 2024 By Jonathan Browning Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment...
Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance June 19, 2024 Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for...
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed June 19, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had...
Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says June 19, 2024 By Alex Longley A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the...
German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis June 19, 2024 Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis...
People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe June 19, 2024 This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows...
The Era of Super-Wild Weather Is Already Here June 19, 2024 By Eric Roston, Eamon Farhat and Brian K. Sullivan Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing...
UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom June 19, 2024 By Ryan Gallagher A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that...
EU Regulators Call for Changes to Landmark ESG Rulebook June 19, 2024 By Frances Schwartzkopff Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators...
Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million June 18, 2024 By Carmen Arroyo, Rodrigo Orihuela and Ben Sills Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about...