Russia’s Flagship Crude Oil Surpasses G-7 Price Cap in Blow to Western Sanctions July 13, 2023 By Alaric Nightingale and Lucia Kassai Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions...
Repricing Is Not Reunderwriting July 13, 2023 By Tony Buckle, John Carolin and Mehmet Ogut A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs July 13, 2023 By Suzi Ring, Nacha Cattan and Madison Muller The European Union’s drug regulator expanded its investigation into a possible risk of suicidal thoughts associated with a new class...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case July 13, 2023 By Bob Van Voris A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the...
Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy July 12, 2023 Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to...
People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance July 12, 2023 This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows...
UK Polluters to Face Unlimited Fines to Protect Environment July 12, 2023 Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and...
Canada Regulator Proposes Banks, Insurers Hold More Capital to Tackle Mortgage Risks July 12, 2023 Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold...
Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack July 12, 2023 By Steven Arons Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised...
Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert July 12, 2023 By James Pearson Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake...