EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments May 9, 2022 By Nikos Chrysoloras, Alberto Nardelli and Ewa Krukowska The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though...
Software Company SAP Wrestles With Concerns Over Gender Equality, Senior Exits May 9, 2022 By Amy Thomson and Giles Turner Christian Klein was in his second year as chief executive of SAP SE in January 2021 when he addressed a...
People Moves: Chubb Canada Names Johnstone President as Alfieri Retires; MGA Loadsure Promotes; Canopius Names Atrium’s Wallace for Marine Treaty May 9, 2022 This edition of International People Moves details appointments at Chubb Canada, insurtech MGA Loadsure and Lloyd’s re/insurer Canopius. A summary...
Foreign Institutional Investors Steer Clear of India’s Biggest IPO May 9, 2022 By Julia Fioretti and Nupur Acharya Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency...
Generali Increases Stake in Indian Non-Life Joint Venture May 9, 2022 Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life...
Rescuers Search for Survivors After Powerful Explosion at Havana Hotel May 8, 2022 By Andrea Rodriguez Relatives of the missing in Cuba’s capital desperately searched Saturday for victims of an explosion at one of Havana’s most...
Insurance Price Tag for Australia’s Record-Breaking Floods Estimated at A$3.35B: ICA May 6, 2022 The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia May 6, 2022 By Shaji Mathew The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....