Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...
Yemen’s Houthis Vow More Attacks on Ships in Red Sea Despite US Naval Force December 21, 2023 By Henry Meyer and Omar Tamo Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international...
Iceland’s Volcanic Eruption Is Dramatic. But It Won’t Cool the Planet. December 21, 2023 By Sana Pashankar A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The...
Apollo-Owned Aspen Insurance Files for IPO in US December 21, 2023 Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States,...
Howden Acquires Dutch Broker VLC & Partners December 20, 2023 Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent...
Allianz Sponsors Catastrophe Bond for European Windstorm Risks December 20, 2023 Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million...
UK to Sign Deal Boosting City of London’s Post-Brexit Ties to Switzerland December 20, 2023 By Tom Metcalf and Bastian Benrath The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between...
Death Toll Climbs in China’s Worst Earthquake in Nearly a Decade December 20, 2023 By Bloomberg News The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion December 20, 2023 By Chad Hemenway and L.S. Howard Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its...
Toyota’s Daihatsu Unit to Halt All Vehicle Shipments, in Widening Safety Scandal December 20, 2023 By Daniel Leussink Toyota Motor’s Daihatsu unit will halt shipments of all of its vehicles, Japan’s biggest automaker said on Wednesday, after a...