Africa’s Largest Insurer, Samlam, Partners With Allianz on $2.1 Billion Deal May 4, 2022 By John Bowker Sanlam Ltd., Africa’s largest insurer, agreed to form a joint venture with Germany’s Allianz SE that will combine their assets...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
Pay for UK Financial Services Workers Surges at Double National Rate May 4, 2022 By Reed Landberg Pay for financial services workers in the UK has surged at double the pace for the rest of the economy...
Global Supply Chain Woes Worsen, With Major Ports Facing Long Delays: Report May 4, 2022 By Marc Jones Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns,...
UK’s Aston Lark Purchases UKGlobal Broking Group in 50th Acquisition May 3, 2022 Aston Lark, the London-based broker, announced UKGlobal Broking Group as its 50th acquisition since launching in 2018, less than two...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE May 3, 2022 The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by...
Generali’s Board Reappoints CEO Without Support From Rebel Investors: Sources May 3, 2022 The board of Generali on Monday reappointed Philippe Donnet as chief executive with 10 votes in favor out of 13,...
Bird Flu Forces Free-Range Chickens Into Lockdown, From Pennsylvania to France May 3, 2022 By Tom Polansek and Sybille de La Hamaide Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no...