Singapore Highlights Banks as Posing Highest Money Laundering Risk June 20, 2024 By Yantoultra Ngui and Xinghui Kok Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a...
Shipping Industry Urges Red Sea Action as Houthis Sink Second Vessel June 20, 2024 By Jonathan Saul Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry...
City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment June 20, 2024 By Jonathan Browning Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment...
Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance June 19, 2024 Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for...
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed June 19, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had...
Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says June 19, 2024 By Alex Longley A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the...
German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis June 19, 2024 Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis...
People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe June 19, 2024 This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows...
The Era of Super-Wild Weather Is Already Here June 19, 2024 By Eric Roston, Eamon Farhat and Brian K. Sullivan Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing...
UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom June 19, 2024 By Ryan Gallagher A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that...