Update: Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route August 11, 2023 By Bastian Benrath A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern...
Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports August 11, 2023 By Olena Harmash Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since...
Global Insurance M&A Drops Sharply in First Half 2023 August 11, 2023 Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report...
Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private August 10, 2023 By L.S. Howard Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two...
Allianz Q2 Profit Jumps 7.1% on Higher Results from US Life & Health Insurance August 10, 2023 Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year...
Zurich Insurance CEO Criticizes Climate Alliances After Exodus August 10, 2023 By Myriam Balezou The chief executive officer of Zurich Insurance Group AG has spoken out against the network of voluntary climate alliances that...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise August 10, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks...
Norwegian River Dam Partly Collapses After Floods August 10, 2023 By Terje Solsvik and Victoria Klesty A dam on a Norwegian river partly collapsed after heavy rain on Wednesday, sending water gushing through a wide gap...
Fake Job Offer Opened Door to Suspected North Korean Crypto Hack August 10, 2023 By Ott Tammik and Aaron Eglitis In late July, a programmerat Estonia’s CoinsPaid, the world’s biggest crypto payment provider, met over video link with a recruiter...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability August 10, 2023 Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and...