Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say August 30, 2024 By Renee Maltezou A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say August 30, 2024 By Noor Zainab Hussain and Carolyn Cohn Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on...
UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says August 30, 2024 By Aditya Kalra and Nikunj Ohri An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a...
South Africa Insurer Santam Plans Asia Expansion, Following Success of Parent Sanlam August 30, 2024 By Adelaide Changole South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at...
Telegram Lawyer Says Investigation Into CEO Durov Is ‘Absurd’ August 29, 2024 By Gabriel Stargardter and Ingrid Melander A lawyer for Telegram boss Pavel Durov, who is the target of an unprecedented investigation in France, said on Thursday...
Captain of Sunken Superyacht Declines to Answer Prosecutors’ Questions, Lawyer Says August 29, 2024 The captain of a superyacht that sank during a storm off Sicily last week, killing seven people, decided not to...
Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff August 29, 2024 By Gautam Naik Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has...
Romanian Government Plans Drought Insurance Scheme for Farmers August 29, 2024 The Romanian government plans to approve an insurance system for agricultural land as part of a series of measures to...
EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack August 29, 2024 By Jana Choukeir The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near...