Insurance Premiums Surging for Ukraine War-Exposed Business: Sources May 31, 2022 Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed May 31, 2022 By Jorge Valero, Milda Seputyte and Alberto Nardelli European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of...
Insurer FWD Delays $1 Billion Hong Kong IPO: Sources May 31, 2022 By Scott Murdoch Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets,...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources May 27, 2022 By Jonathan Saul, Lefteris Papadimas and Renee Maltezou The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to...
Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board May 27, 2022 By Gianluca Semeraro and Stefano Bernabei Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday,...
Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business May 27, 2022 Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in...
Russia Plans to Seize Local Units of Western Firms That Try to Exit Country May 27, 2022 By John O'Donnell Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide...
Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change May 27, 2022 A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial...
Dutch Insurer NN Group Expects to Accelerate Exit From Coal Investments May 27, 2022 By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due...
Financial Services Firms Face Disclosure Requirements for Biodiversity Investments May 27, 2022 By Divya Chowdhury and Jessica DiNapoli DAVOS, Switzerland – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements...