Muddy Waters Shorts Canada Insurer Fairfax Financial, Alleging Asset Value Manipulation February 8, 2024 By Mehnaz Yasmin Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial alleging manipulation in its asset...
January Was World’s Hottest on Record: EU Scientists February 8, 2024 By Kate Abnett The world just experienced its hottest January on record, continuing a run of exceptional heat fueled by climate change, the...
AXA’s CEO Buberl Wants to ‘Scale Up’ Corporate Business February 8, 2024 By Alexandre Rajbhandari AXA SA’s Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm’s business insuring corporate risks in...
Money Managers Try to Put a Price on Climate Risk. It’s Not Easy. February 8, 2024 By Lisa Pham and Ishika Mookerjee When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends....
US, UK Ship Investors Hit by Soaring Red Sea Insurance: Sources February 8, 2024 By Jonathan Saul and Carolyn Cohn War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for...
Company Auditors Face More Rigorous Role in Spotting Fraud: Global Body February 8, 2024 By Huw Jones Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body...
German Court Rules Against Intel in Patent Row Over Chips February 8, 2024 A court in Germany has issued an injunction against the sale of some of Intel’s chips, in a patent dispute...
Ransomware Hackers Stole More Than $1 Billion in 2023 February 7, 2024 By Sana Pashankar Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday...
Swiss Re, Others, Drop Call for Moscow Aviation Dispute Hearing February 7, 2024 By Carolyn Cohn and Kirstin Ridley Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with...
Chinese Ships Get Cheaper Insurance to Navigate Red Sea February 7, 2024 By Alex Longley and Áine Quinn Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how...