Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather July 12, 2024 By Robert Tuttle A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production...
French Shipping Company CMA CGM Loses 44 Containers in Tough Weather July 11, 2024 French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in...
Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years July 11, 2024 By L.S. Howard UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to...
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC July 11, 2024 Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe...
Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks July 11, 2024 An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who...
Hurricane Beryl Triggers Record Payout for Caribbean Insurer July 11, 2024 By Jim Wyss Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of...
UK’s Direct Line to List on Price Comparison Websites in Strategy Shift July 10, 2024 By Yadarisa Shabong Direct Line will launch its eponymous motor insurance brand on price comparison websites for the first time, it said on...
PwC Starts Mass China Layoffs After Losing Dozens of Clients July 10, 2024 By Bloomberg News PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of...
Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane July 10, 2024 By Sarah Morland Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify...
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure July 10, 2024 By Shona Ghosh and Michael Hennessey Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his...