Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition July 17, 2024 By L.S. Howard Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300...
Air Canada Hit by Court Ruling After Ex-Maintenance Workers Sue July 17, 2024 By Mark Mann Air Canada may be forced to pay at least C$100 million ($73.2 million) to about 2,200 former workers after a...
UK’s First Coal Mine in 30 Years Faces Climate Court Test July 17, 2024 By Katharine Gemmell Climate groups called a decision to open the UK’s first deep coal mine in more than three decades unlawful, claiming...
Allianz Makes $1.6 Billion Offer for 51% of Singapore’s Income Insurance July 17, 2024 By Elffie Chew Allianz SE agreed to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion) to...
People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America July 16, 2024 This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. A summary of...
Markets/Coverage: Lemonade Expands Home Insurance Offering in UK July 16, 2024 Lemonade, the New York-based insurtech, announced the launch of buildings and contents insurance in the United Kingdom in partnership with...
Catastrophe Bondholders Sidestep Large Losses From Weather-Related Calamities July 16, 2024 By Gautam Naik Last month, amid reports that Hurricane Beryl would become the earliest Category 5 hurricane in history, a group of money...
Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says July 16, 2024 The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
Toronto’s Traffic Crisis Is Keeping Workers Out of the Office, Poll Says July 16, 2024 By Christine Dobby Traffic is so bad in Canada’s financial capital that a majority of Toronto residents are prepared to endure around-the-clock construction...