Ping An Insurance Seeks $3.5 Billion in Convertible Bonds July 15, 2024 By Filipe Pacheco and Julia Fioretti Ping An Insurance (Group) Co. is seeking to raise $3.5 billion through the sale of convertible bonds, joining a wave...
Natural Disasters Cost China $13 Billion in January-June July 15, 2024 By Liz Lee Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half...
The World’s Power Grids Are Failing as the Planet Warms July 15, 2024 By Eamon Farhat Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck...
Ships Fleeing the Red Sea Now Face Perilous African Weather July 12, 2024 By Alex Longley and Paul Burkhardt Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...
South Africa Storms in Western Cape Cause Damage to 35,000 Homes July 12, 2024 By Ntando Thukwana Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the...
Greece Fights Deadly Fire on Aegean Island as Temperatures Soar July 12, 2024 By Sotiris Nikas Greece is fighting a deadly fire on the island of Lesvos, as temperatures in some parts of the country exceed...
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...