Markets/Coverage: Lemonade Expands Home Insurance Offering in UK July 16, 2024 Lemonade, the New York-based insurtech, announced the launch of buildings and contents insurance in the United Kingdom in partnership with...
Catastrophe Bondholders Sidestep Large Losses From Weather-Related Calamities July 16, 2024 By Gautam Naik Last month, amid reports that Hurricane Beryl would become the earliest Category 5 hurricane in history, a group of money...
Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says July 16, 2024 The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
Toronto’s Traffic Crisis Is Keeping Workers Out of the Office, Poll Says July 16, 2024 By Christine Dobby Traffic is so bad in Canada’s financial capital that a majority of Toronto residents are prepared to endure around-the-clock construction...
UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks July 15, 2024 By Alberto Nardelli, Alex Wickham and Alaric Nightingale The UK plans to launch a “call to action” this week with a group of European nations to target the...
Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team July 15, 2024 AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and...
Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather July 15, 2024 By Bill Spindle, Cipher News Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed...
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...