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...
The World’s Power Grids Are Failing as the Planet Warms July 15, 2024 By Eamon Farhat Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck...
Ships Fleeing the Red Sea Now Face Perilous African Weather July 12, 2024 By Alex Longley and Paul Burkhardt Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...