UK Fines MT Global $32 Million for Money Laundering Breaches January 8, 2021 Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money...
Earth Draws Closer to Climate Change Tipping Points After Another Year of Record Heat January 8, 2021 By Jonathan Tirone Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close...
Blast at Chinese Battery Recycler Draws Attention to Industry’s Supply Chain Risks January 8, 2021 By Annie Lee China’s biggest battery manufacturer has urged a focus on safety issues after an explosion at a recycling affiliate, which has...
UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access January 8, 2021 By Andy Bruce and Huw Jones Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market...
European Companies to Seek Chinese Assets in Sectors Such as Insurance, Healthcare January 8, 2021 By Kane Wu European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world’s...
Who’s On the Hook If COVID-19 Vaccines Go Wrong?: Viewpoint January 7, 2021 By Anjani Trivedi, Bloomberg Opinion and Andy Mukherjee, Bloomberg Opinion The COVID-19 vaccines are here and distribution has begun. But what if something goes wrong? Whether it’s a loss of...
Pro Global Expands in Latin America with Brazil Office January 7, 2021 Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. (Pro) announced the expansion of its services within Latin America...
Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd. January 7, 2021 Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada....
Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair January 7, 2021 The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity January 7, 2021 Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist...