Rhine River Water Level Hits New Low, Forcing Some Barges to Halt Transport August 16, 2022 By Jack Wittels, Laura Malsch and Rachel Graham The Rhine River’s water level at a key waypoint hit a new low, risking the transit of fuel and other...
Brazil Fines Vale $16.9M for Lack of Reliable Details About Collapsed Tailings Dam August 16, 2022 By Mariana Durao Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions...
Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers August 15, 2022 By Alex Longley and Alberto Nardelli The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal...
People Moves: Hong Kong Reinsurer Peak Re Appoints Nowakowski as CUO August 15, 2022 This edition of International People Moves details appointments at Peak Re and CNA Hardy. A summary of these new hires...
Hong Kong’s Hang Seng Bank Seeks New Bancassurance Partner After QBE Deal Expires August 15, 2022 By Manuel Baigorri Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, is seeking an insurance partner after...
Security Firm Finds Cyber Vulnerabilities at Indian Online Insurance Aggregator August 15, 2022 By Krutika Pathi, Sheikh Saaliq and Frank Bajak NEW DELHI (AP) – Last month, a cyber-security startup told a major Indian online insurance brokerage it had found critical...
Credit Suisse Steps Up $440M Legal Dispute With SoftBank Over Greensill Funds August 15, 2022 Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp. in...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims August 15, 2022 Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and...
Hub International Acquires Canada Broker Jaimac Risk Management August 15, 2022 Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk Management Inc. Terms...
Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims August 12, 2022 NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing...