G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists December 8, 2022 By Bloomberg News The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch December 8, 2022 By Alex Longley, Sherry Su and Christopher Condon A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution...
Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources December 7, 2022 By Sonia Sirletti and Manuel Baigorri Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document December 7, 2022 A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days...
COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says December 7, 2022 By Antony Sguazzin Africa’s biggest health insurer said the number of heart-related deaths rose more than sixfold during the COVID-19 pandemic among the...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
BMS Acquires Spanish Specialty Broker Eisenar December 7, 2022 BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty...
People Moves: Bailey Named Chair of Aon UK Ltd. Board; AXA XL Promotes Casby to Head of Upstream Energy, UK & Lloyd’s December 6, 2022 Bailey Named Chair of Aon UK Ltd. Board Aon plc, a leading global professional services firm, today announced that it...
Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge December 6, 2022 By Agoes Basoeki SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...