Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout January 17, 2023 By Huw Jones and David Milliken Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened...
Germany Joins Opposition to EU Ban on Commission-Based Financial Products January 17, 2023 By Huw Jones Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital...
Canada’s Westland Insurance Acquires Broker RiskTech From Excel January 17, 2023 Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1. Risk Tech was...
Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’ January 17, 2023 By Simon Jessop and Huw Jones LONDON, Jan 16 (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the...
Japan Indicates Delay of Fukushima Plant Water Release January 17, 2023 By Mari Yamaguchi Japan has revised the timing of a planned release to the sea of treated but still radioactive wastewater at the...
Nepal Locates Black Boxes of Aircraft After Deadliest Crash in 30 Years January 16, 2023 By Gopal Sharma KATHMANDU, Jan 16 (Reuters) – Searchers found the cockpit voice recorder and flight data recorder on Monday from a passenger...
Amazon Faces Renewed Pressure From UK Lawmakers Over Warehouse Conditions January 13, 2023 By Martin Coulter UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after...
Russia Criticizes Reuters Story on Russian Hackers Targeting U.S. Nuclear Scientists January 13, 2023 By Guy Faulconbridge Russia’s Foreign Ministry on Thursday criticized Reuters for spreading what it said was poorly sourced anti-Russian propaganda with a story...
WTW Combines Asia and Australasia Into APAC Unit With Weaver as Head January 13, 2023 Insurance broker WTW announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective Jan. 1,...
Ransomware Group With Links in Russia Behind Royal Mail Incident January 12, 2023 By Sachin Ravikumar A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware...