Catastrophe Bond Funds Ranked Among 2023’s Top-Performing Credit Funds August 10, 2023 By Nell Mackenzie Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters...
People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l Operations; Howden Taps Aon’s Green for Property August 9, 2023 This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows...
Greensill Sues Zurich Insurance for $400 Million to Recoup Losses August 9, 2023 By Upmanyu Trivedi Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re August 9, 2023 By L.S. Howard Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses...
Meta Platforms Seeks to Stop Privacy Breach Fine in Norway August 9, 2023 By Gwladys Fouche Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the...
Black Sea Exporters Struggle to Clear Danube Shipping Backlog August 9, 2023 Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks...
Severn Trent Faces First UK Class Action Suit Over Sewage Pollution August 9, 2023 By Katharine Gemmell Severn Trent Plc faces an environment class action lawsuit in London over allegations it abused its dominant position in the...
UK’s Voter Register Was Hacked. No One Noticed for 15 Months. August 9, 2023 By Alex Wickham Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data...
Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow August 9, 2023 By Jonathan Saul and Nigel Hunt Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of...
Bermuda Weighs Corporate Tax as Part of Global Minimum Tax Drive August 9, 2023 Bermuda on Tuesday took steps toward adopting a corporate income tax as part of a move alongside nearly 140 other...