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...
Content Moderator in Kenya Sues Facebook Owner Meta Over Working Conditions May 10, 2022 By Ayenat Mersie A former moderator working for Facebook owner Meta Platforms Inc. on Tuesday filed a lawsuit alleging that poor working conditions...
Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million May 10, 2022 By L.S. Howard Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million)...
Paris Trial Begins for 2009 Plane Crash That Killed 152 People, Left 1 Survivor May 10, 2022 By Nicolas Vaux-Montagny PARIS (AP) – The lone survivor of a 2009 plane crash that killed 152 other people was expected to attend...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz May 10, 2022 By Jonathan Saul Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine...