Kyiv detained a ship it says was part of Moscow’s “shadow fleet” which illegally exports grain from areas of Ukraine occupied by Russian forces. A dry cargo ship was detained in Ukrainian territorial waters as it headed from Moldova along …
Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave. Mediobanca, which itself is facing a …
Ardonagh Acquires Zurich-Based SRB Assekuranz Broker The Ardonagh Group, the London-based independent insurance distribution platform, announced it has acquired the Zurich-based broker SRB Assekuranz Broker AG (SRB). Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. …
Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%. The British company, which sells its …
Britain’s water company bosses will face up to two years in prison and be banned from taking bonuses for covering up sewage spills under new legislation in force from Friday. The new measure delivers on the government’s promise to bring …
The world’s biggest corporations have caused $28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A …
Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, …
Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applications from Sberbank Insurance, which …
Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 commercial rate decline …
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could …
