Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B January 4, 2021 BRASILIA – Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to...
Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re January 4, 2021 By Carolyn Cohn Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in...
Premia Holdings Expands Reinsurance Capacity with Formation of Elevation Re January 4, 2021 Premia Holdings Ltd. announced the formation of Elevation Re (SPC) Ltd., a sidecar vehicle which will provide collateralized reinsurance support...
Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell January 4, 2021 By David Shepardson The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number...
Generali to Purchase AXA’s Greek Operations for $203 Million January 4, 2021 By Sonia Sirletti Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to...
UK’s M&A Watchdog Emerges from EU’s Shadow with Massive New Powers December 30, 2020 By Jonathan Browning The UK’s parting of the ways from the European Union means that an obscure 7-year-old watchdog is about to gain...
Brexit Ends Britons’ Right to Live and Work in EU – And Travel Insurance Is Essential December 30, 2020 By Pan Pylas LONDON (AP) – So far, the large majority of British and EU citizens have not felt the realities of Brexit....
European Freight Forwarders Reject UK Deliveries on Fears of Post-Brexit Border Chaos December 30, 2020 By Lizzy Burden European freight forwarders are rejecting contracts to take loads into the UK due to fears the chaos at Dover could...
Russia Expedites Work on Nord Stream 2 Gas Pipeline Before U.S. Tightens Sanctions December 30, 2020 By Vanessa Dezem, Daniel Flatley and Dina Khrennikova Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project...
Rescuers Race to Find Survivors After Croatia’s Worst Earthquake in 140 Years December 30, 2020 By Jasmina Kuzmanovic and Jan Bratanic Rescuers raced to search for survivors amid strong aftershocks after Croatia’s worst earthquake in 140 years killed seven people and...