Extreme Weather Threatens Global Wheat Crops – With One Notable Exception May 12, 2022 By Megan Durisin, Kim Chipman, Jen Skerritt and James Poole As Russia’s invasion chokes off Ukrainian wheat exports, pushing up bread and noodle prices, the global harvest faces an added...
Sexism in Financial Services Has Gotten Worse, Says Aviva CEO Amanda Blanc May 12, 2022 By Will Louch Aviva Plc Chief Executive Officer Amanda Blanc said that the sexism she encounters has worsened as she has risen through...
Lloyd’s of London AGM to Go Virtual on Threat of Climate Protests May 11, 2022 Commercial insurance market Lloyd’s of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next...
Howden Launches End-to-End Digital Trading Platform for Cargo Risks May 11, 2022 Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading platform dedicated to...
Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel May 11, 2022 By Kirstin Ridley Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources May 11, 2022 By Jan-Henrik Förster, Aaron Kirchfeld and Eyk Henning Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia May 11, 2022 By Padraic Halpin, Conor Humphries and Tim Hepher Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of...
UK’s Terrorism Reinsurer Pool Re to Reduce Reinsurance Pricing for Insurers May 10, 2022 Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction,...
Britain Aims to Bolster Competitiveness in Financial Services With Nimbler Regulation May 10, 2022 By Huw Jones Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial...