Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says July 14, 2023 By Ellie Harmsworth Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that...
Russia Oil Hitting $60 Cap Adds to Crude-Oil Buyers’ Banking, Shipping Woes July 14, 2023 By Serene Cheong A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023? July 14, 2023 By Susanne Sclafane While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference,...
People Moves: Canopius Taps Former AXA XL Exec Cooper as Head of Reinsurance & Bermuda CEO; AXIS Re International Appoints Chubb’s Kent as President July 13, 2023 This edition of International People Moves details appointments at Canopius and AXIS Capital Holdings. A summary of these new hires...
Mining Giants BHP, Vale Face Off in London Court Over Brazil Dam Damages July 13, 2023 Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and...
Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud July 13, 2023 By Sam Tobin and Kirstin Ridley Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers...
Japan’s Top Court Rules Government Restrictions on Transgender Employee’s Use of Restrooms Illegal July 13, 2023 By Mari Yamaguchi Japan’s Supreme Court ruled Tuesday that restrictions imposed by a government ministry on a transgender female employee’s use of restrooms...
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...