Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion June 14, 2024 By Irina Anghel The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding...
People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters June 13, 2024 This edition of International People Moves details appointments at Hamilton Insurance DAC, the Irish subsidiary of Hamilton Insurance Group, and...
UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers June 13, 2024 By Ellen Milligan and Alberto Nardelli The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting...
R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation June 13, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business”...
Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement June 13, 2024 Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity...
Canada’s Largest School Board Targeted by Ransomware Attack June 13, 2024 By Aimee Look Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions...
Commodity Ship Hit by Drone Near Yemen Is Taking on Water June 13, 2024 By Verity Ratcliffe, Alex Longley and Kateryna Kadabashy A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the...
Zombies: Ranks of World’s Most Debt-Hobbled Firms Soaring, and Not All Will Survive June 13, 2024 By Bernard Condon They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival,...
Insurance Helped 46,000 Indian Women Avoid Deadly Work During Heat Waves June 12, 2024 By Akshat Rathi In the city of Ahmedabad in western India, temperatures climbed above 43C (109F) every day between May 19 and May...
Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience June 12, 2024 By L.S. Howard Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening...