Japan’s Tohoku Electric Power said on Wednesday it had received the green light from a local governor to restart one of its nuclear reactors, nearly a decade after it was damaged in the earthquake and tsunami that caused the Fukushima …
Activity at an Argentine grains crushing plant of Chinese commodities giant COFCO International was halted on Tuesday after an accident that killed three workers, the company said. “We regret to inform that at our plant in the town of Saforcada, …
Zurich Insurance Group saw increased commercial lines insurance sales and a modest impact from COVID-19 related claims for the first nine months of the year, according to its third quarter report. Growth was supported by higher premium rates, which continued …
Financial risks related to the coronavirus pandemic will last for months if not years, Switzerland’s financial market supervisor FINMA said on Wednesday, pointing to particularly heightened risk of defaults on corporate loans. “Thanks to the cushion of liquidity and capital …
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost a year. House and Senate negotiators …
Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition period ends. The United …
Coverys Managing Agency Ltd. announced that its DTW Syndicate 1991 at Lloyd’s of London will stop accepting new and renewal business starting December 31, 2020. “Every effort has been made to implement remediation measures on underperforming business over the past …
The European Commission is still waiting for Britain to say if it will diverge from European Union rules before Brussels can decide on UK financial market access, a spokesman for the EU executive body said on Tuesday. Daniel Ferrie, the …
Hamilton Insurance Group announced three promotions in the leadership team at its Lloyd’s operations following the resignations of Hamilton Managing Agency Limited CEO Tim Glover and Chief Underwriting Officer David White. The company gave no reason for the resignations of …
Nov 10, 2020, 4:33 AM— After coming ashore in the Florida Keys overnight, Tropical Storm Eta is now hovering just north of the Yucatan Channel and is set to re-strengthen as it meanders over the south-eastern Gulf of Mexico on …
