Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Canada’s Trucker Protests Cost Businesses Tens of Millions in Lost Sales February 25, 2022 By Julie Gordon A three-week long protest in Canada against pandemic measures that snarled trade and shuttered Ottawa’s core likely cost billions in...
W. R. Berkley Corp. Agrees to Sell London Building Known as ‘The Scalpel’ for £718M February 25, 2022 W. R. Berkley Corp. announced it has agreed to sell a London real estate investment consisting of an office building...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia February 25, 2022 By Jacob Gronholt-Pedersen Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion,...
Global Aviation Industry Assesses Growing Risks of Doing Business With Russia February 25, 2022 By Jamie Freed and Allison Lampert The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen February 25, 2022 By Jessica Shankleman More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those...
AXA Doubles 2021 Net Income to €7.29 Billion February 24, 2022 AXA reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related...
Swiss Re Corporate Solutions to Open New Canada Branch as Part of N. America Restructuring February 24, 2022 Swiss Re Corporate Solutions announced it has filed an application with regulators to establish a new Canadian branch of North...
Nigeria Accuses JPMorgan of Ignoring Red Flags for Fraud, Seeks Damages of $1.7B February 24, 2022 By Jonathan Browning Nigeria alleged JPMorgan Chase & Co. ignored “overwhelming” evidence of fraud and stark warnings from its own compliance staff as...
Brazilian Hospital Chain Rede D’or Acquires Insurer SulAmerica for $2.6 Billion February 24, 2022 By Peter Frontini Rede D’or said on Wednesday it has agreed to acquire insurer SulAmerica Seguros in a 13 billion-real ($2.6 billion) deal...