Formal Investigations Begin into How Container Ship Ran Around in Suez Canal March 31, 2021 ISMAILIA, Egypt – Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting...
City of London Financial Center Likely to See Most Workers Return After Pandemic March 31, 2021 By William Schomberg LONDON – The City of London financial center, which has resembled a ghost town since the coronavirus swept the world...
Aon Takes a Holiday March 30, 2021 Aon announced it is closing operations and taking a global holiday on April 1st and April 2nd. These two days...
Lengthy Legal Battles Expected from Suez Canal’s Longest Closure in Almost 50 Years March 30, 2021 By Aaron Clark, Cindy Wang, Ann Koh and Verity Ratcliffe The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Guy Carpenter Launches Asia Pacific Capital Advisory Group March 30, 2021 Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group...
Japan Chipmaker Renesas Says Normal Production at Fire-Hit Plant to Take 100-120 Days March 30, 2021 By Eimi Yamamitsu TOKYO – Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier March 30, 2021 By Rachel Armstrong and Huw Jones LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank...
Insurance Unlikely to Cover All Shipowners’ Expenses Incurred in Suez Closure Chaos March 30, 2021 By Jonathan Saul and Carolyn Cohn The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at...
Mastercard Battles Attempts to Expand Scope of $19B Class Action in UK March 29, 2021 By Kirstin Ridley LONDON – Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14...