Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster September 17, 2024 By Marta Nogueira The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
Private Equity’s Insurance Bets Raise Risks, BIS Researchers Say September 17, 2024 By Nicholas Comfort Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely...
Taiwan Regulator Rejects CTBC Takeover Attempt of Shin Kong September 17, 2024 Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans...
Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say September 17, 2024 The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates...
Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases September 16, 2024 Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up...
People Moves: Lillelund Named CEO of AGCS; Ardonagh Names Allianz’s Mitchell for Growth in Asia; Carbon Taps Asta’s Gallagher as Head of Syndicate Mgmt. September 16, 2024 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS), The Ardonagh Group, and...
Musk Calls Australian Government ‘Fascists’ Over Misinformation Law September 16, 2024 By Renju Jose Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legislation...
UK to Classify Data Centers as ‘Critical National Infrastructure’ September 16, 2024 By Renju Jose Britain’s data centers will be classified “critical national infrastructure,” the government said on Thursday [Sept. 12], giving the servers and...
EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis September 16, 2024 By Paul Wallace The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red...