Hong Kong Tycoon Richard Li Weighs $200M Investment in Insurer FWD: Sources December 12, 2022 Hong Kong billionaire Richard Li is weighing investing about $200 million in his insurance company FWD Group Holdings Ltd. as...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait December 12, 2022 By Alex Longley and Alaric Nightingale A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that...
Santander Fined £108 Million by UK Watchdog for Lax Money-Laundering Controls December 9, 2022 By Stephanie Bodoni and Jonathan Browning Santander UK Plc was fined £108 million ($132 million) by the UK financial watchdog over repeated anti-money laundering failures that...
People Moves: Chubb Global Mkts Promotes O’Brien to Head of Cargo; AXIS Promotes Maher to Head of Cyber and Technology, London December 9, 2022 Chubb Global Mkts Promotes O’Brien to Head of Cargo Chubb announced the appointment of Alex O’Brien as head of Cargo...
Jensten Acquires Specialist Motor Trade Broker Bellegrove December 9, 2022 The Jensten Group, the London-based independent insurance broking group, has acquired specialist broker Bellegrove, providing the group with a significant...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says December 9, 2022 By Kate Abnett The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in...
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait December 9, 2022 By Firat Kozok, Taylan Bilgic and Patrick Sykes A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait...
Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business December 9, 2022 By Elffie Chew and Manuel Baigorri Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of...
Sunshine Insurance Declines in Hong Kong Trading Debut December 9, 2022 By Filipe Pacheco and Pei Li China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last...
European Central Bank Urgently Seeks Regulation After Multiple Crypto Bubbles Burst December 8, 2022 Crypto assets are here to stay so their regulation is urgently needed to protect investors and the stability of the...