Authorities Working to Free Giant Stranded Container Ship Blocking Suez Canal March 24, 2021 By Yusri Mohamed, Jessica Jaganathan and Florence Tan CAIRO – The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to...
People Moves: Carpenter’s Sicard to New Dawn; RFIB’s Stratton to Corant; Saul to BMS; Miller Hires March 24, 2021 This wrap-up of International People Moves details recent appointments at three brokers and an insurance group: New Dawn Risk, Corant...
AIA Group to Buy Life Insurance Business of Bank of East Asia March 24, 2021 By Sumeet Chatterjee Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of...
Britain Proposes Requiring Large Firms to Disclose Climate Financial Risks by 2022 March 24, 2021 By Huw Jones Britain launched a public consultation on Wednesday on proposals to require large companies as soon as 2022 to disclose the...
Reporters Without Borders Sues Facebook in France over Hate Speech, False Information March 24, 2021 PARIS – Reporters Without Borders (RSF) has filed a lawsuit against Facebook in France over hate speech and false information,...
Lloyd’s Launches Parametric Earthquake Insurance Policy in New Zealand March 24, 2021 Lloyd’s has launched a parametric earthquake insurance policy in New Zealand, in partnership with start-up Bounce Insurance, which uses cutting-edge...
British Report Says London Joining EU Financial Services Market May Not Be Worth It March 24, 2021 By Huw Jones The City of London may be better off staying out of the EU’s financial services market as it would have...
Spanish Bank Bankinter to Spin Off Its P/C Insurance Unit Linea Directa March 23, 2021 MADRID – Spanish bank Bankinter said on Tuesday it cleared all regulatory hurdles to spin off its insurance unit Linea...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
World’s 1st Catastrophe Bond for Volcanic Eruptions Aims to Improve Disaster Relief March 23, 2021 The Danish Red Cross is offering the world’s first catastrophe bond for volcanic eruptions, which is designed to improve the...